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In late November, Green Bay, WI based Associated Banc-Corp was upgraded by Fitch Ratings for its dealings with bulk loan sales. Since mid- 2009, the company brought in a new management team, aggressively wrote down problem assets and raised almost $500 million in fresh equity to maintain high levels of overall liquidity. Assisted by this equity, the bank engaged in more than $430 million in bulk-loan sales to help restructure its balance sheet, says Breck Hanson, who was named head of commercial real estate for the bank in September.

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