Associated Banc-Corp said it completed its acquisition of American National Corporation on April 1, 2026, adding American National Bank to its footprint and setting up a conversion of American National systems, branches and customers in the third quarter of 2026.
The deal expands Associated’s presence in Omaha and the Twin Cities, two markets the company highlighted as key growth areas. Management said the combination is intended to deepen commercial capabilities and broaden the product set across the merged franchise.
The acquisition comes after what Associated described as a strong 2025. The company said it delivered relationship loan and deposit growth, record customer growth and solid credit performance, producing the strongest annual net income in its history.
Associated also named Wende Kotouc to its board of directors effective immediately. Kotouc had served as executive co-chairperson and chief executive officer of American National Bank from July 2019 through April 2026, and had been with American National since 1999.
Associated said it has total assets of about $50 billion and operates more than 200 banking locations across Wisconsin, Illinois, Iowa, Minnesota, Missouri and Nebraska. The market has reacted to these announcements by moving the company's shares 0.56% to a price of $25.38. For more information, read the company's full 8-K submission here.
