Associated Banc-Corp., Green Bay, Wisc., one of the largest in-state mortgage lenders, said its president and chief operating officer, Lisa Binder, resigned, effective Friday, May 15. No reason was given for Ms. Binder's departure. She had been with the lender for more than two years. Sandler O'Neill, which covers the publicly traded depository, said it was surprised by Ms. Binder's departure but noted, "based on our conversation with management, we believe that the decision to leave was hers and was not based on any specific incident or event." Based on rankings in the Mortgage Industry Directory, Associated is a top 20 ranked residential lender in the Milwaukee metropolitan area.
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