Associated Banc-Corp Secures Regulatory Approval for Merger with American National Corporation

Associated Banc-Corp Expands Reach with Regulatory Approval of Merger

In a significant development for the banking industry, Associated Banc-Corp announces it has secured all required regulatory approvals for its merger with American National Corporation and its banking subsidiary, American National Bank. The Office of the Comptroller of the Currency and the Board of Governors of the Federal Reserve System have granted the necessary authorizations, paving the way for the merger to finalize on April 1, 2026, pending customary closing conditions. This merger marks a key moment for Associated as it aims to extend its geographic footprint, particularly in the Omaha market and strengthen its presence in the Twin Cities.

President and CEO Andy Harmening emphasizes that this merger is more than just an expansion; it represents an opportunity to enhance service offerings for American National's clients while upholding the personalized banking experience they value. Associated plans to leverage its robust operational capabilities and technological resources to ensure that customers experience a high level of service throughout the transition. The merger also enhances Associated's strategic positioning as the largest bank holding company in Wisconsin, which operates nearly 200 banking locations across several states and boasts total assets of $45 billion.

The integration of American National into Associated's operations is scheduled for the third quarter of 2026. During this transition phase, existing customers of American National will continue to receive services at their current branches, ensuring a seamless experience. As the two institutions work together, Associated aims to capitalize on opportunities for organic growth and exceptional customer service. With the merger on the horizon, stakeholders eagerly anticipate the collaborative benefits that are set to enhance the overall banking experience in the region.

Beyond the merger, the active presence of Associated Banc-Corp in various states reinforces its commitment to serving diverse communities. With loan production resources extending as far as New York and Michigan, the company continues to broaden its services to meet the evolving needs of clients. The successful completion of this merger signifies a pivotal moment not just for Associated Banc-Corp but for the banking landscape in the Midwest, as local financial institutions evolve to better serve their clientele amid changing market dynamics.