Fall 2006 Executive-in-Residence

Michael Falbo
Chairman
Associated Community Development, LLC
Topic: "The Role of Banking in Our Communities"
Date: November 16, 2006

Michael Falbo is Chairman of Associated Community Development, LLC. He is the former Chairman and Chief Executive Officer of State Financial Services Corporation, a $1.5 billion financial services company that was based in Milwaukee, with operations in Wisconsin and Illinois. The company was the fifth largest bank holding company in the State and was publicly traded on the Nasdaq National Market System under the symbol SFSW. Associated Banc-Corp, Green Bay, WI, recently acquired the company.

Mr. Falbo joined the company in 1983 as president of then State Bank Hales Corners; he was named President and CEO of the holding company in 1984. Under Mike's leadership, the company successfully integrated numerous acquisitions growing total assets from $75 million and 70 employees to $1.5 billion and 432 employees. Through careful strategic planning Mike orchestrated the growth of the company in a very competitive industry through challenging economic times. His banking career started as an auditor in 1973.

Mike earned his Bachelor of Science degree from the University of Wisconsin-Parkside. He is also a graduate of the Graduate School of Banking at the University of Wisconsin-Madison. Mr. Falbo served in the United States Army, Vietnam Medic Corps and was honorably discharged. He is married 34 years to his wife Sheila and they have two grown daughters.

Today Mr. Falbo serves on numerous boards and leadership positions in the banking industry and the community.