On April 1, 2026, Associated Banc-Corp (NYSE: ASB) announced the successful completion of its merger with American National Corporation, including its bank subsidiary, American National Bank. This strategic acquisition is expected to significantly enhance Associated's growth potential by combining its robust value proposition and expanded commercial offerings with American National's client-centric approach and attractive market presence. The merger follows a strong performance in 2025 for Associated, which reported record growth in loans and deposits, alongside solid credit performance, leading to the highest annual net income in the company's history. The combined entity is poised to accelerate this momentum with a relationship-focused strategy that includes a dynamic product suite and modern digital banking capabilities, aimed at deepening customer relationships in key growth markets such as Omaha and the Twin Cities. The merger also resulted in the appointment of Wende Kotouc, the former Executive Co-Chairperson and CEO of American National Bank, to Associated's Board of Directors, further strengthening the leadership team. This acquisition is anticipated to deliver enhanced value for shareholders and improve service offerings for customers of both institutions.

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