#USA #Merger #Associated Banc-Corp #Green Bay, Wisconsin #American National Corporation

Associated Banc-Corp and American National Corporation Complete Merger

On April 1, 2026, Associated Banc-Corp, listed on the NYSE under the ticker ASB, proudly announced its successful merger with American National Corporation. This strategic collaboration not only reinforces Associated's growth strategy but also enhances its overall market presence in several promising regions.

The merger, which includes the American National Bank subsidiary, represents a significant step forward for both organizations. By merging their resources and expertise, the companies are set to expand their client offerings while delivering enhanced customer service through American National's strong focus on client relationships. The integration of both banks aims to create a superior value proposition that combines Associated's extensive experience in the banking sector with American National's innovative customer-centric approach.

Building on a Strong Year

This merger follows a landmark year for Associated Banc-Corp, which saw unprecedented growth in relationships, loans, and deposits in 2025. The organization reached a remarkable milestone, achieving its highest annual net income in history. The management team at Associated views this merger as a catalyst to accelerate and build on this success, leveraging their relationship-focused strategies and a broad suite of products designed to capture market opportunities in key urban areas, including Omaha and the Twin Cities.

Andy Harmening, President and CEO of Associated Banc-Corp, expressed enthusiasm about the merger, stating, “We are thrilled to welcome the new clients and colleagues from American National into the Associated family. This partnership not only supports our growth momentum but also ensures we maintain the reliable, personalized service that both our customer bases have come to value over the years.”

A Seamless Transition for Customers

As part of the integration process, the transition of American National's systems, branches, and clients will take place in the third quarter of 2026. Until the completion of this integration, American National customers will continue to receive service from their existing branches, which will be branded as Associated Bank branches following the merger's completion. Harmening assured customers that both organizations are committed to facilitating a seamless transition and are working closely to ensure that the integration is executed smoothly.

John Kotouc and Wende Kotouc, Co-CEO’s of American National Corporation, also shared their optimism about the merger. They noted that by joining forces with Associated Banc-Corp, American National can offer even greater value to its customers, capitalizing on increased scale and shared expertise. As the merger progresses, both organizations expect enhanced capabilities to provide tailored banking solutions that meet customer needs effectively.

Strengthening Leadership

In connection with the merger, Wende Kotouc has been appointed to the Board of Directors at Associated Banc-Corp. Wende previously served as Executive Co-Chairperson and CEO of American National Bank and brings with her a wealth of experience and community engagement. Associated's Chairman, Jay Williams, and Harmening both highlighted the benefit of her unique skills and extensive knowledge of the banking landscape as critical assets in guiding the combined company's future success.

A Bright Future Ahead

With approximately $50 billion in total assets, Associated Banc-Corp stands as the largest bank holding company in Wisconsin. The merger not only fortifies its position as a regional banking leader throughout the Midwest but also lays a solid foundation for future growth and expansion. Serving over 200 banking locations across several states, Associated aims to broaden its footprint even further as it integrates American National's offerings into its diverse portfolio.

As both companies embark on this exciting new journey, they are poised to reflect positive market changes and sustainable growth, ultimately benefiting their customers and shareholders alike. The future looks promising as Associated Banc-Corp and American National Corporation unite to create a stronger, community-focused banking experience.