secwatch.observer — SEC 8-K summary
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Issuer:     ASSOCIATED BANC-CORP (ASB)
CIK:        0000007789
Form:       8-K
Filed at:   2025-12-01T23:59:59+00:00
Accession:  0000007789-25-000187
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Associated Banc-Corp to acquire American National Corp for ~$604M in stock
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- All-stock deal valued at ~$604M based on ASB closing price of $26.29 on Nov 28, 2025.
- American National shareholders receive 36.25 ASB shares per share; ~99% of shareholders already voted to approve.
- American National has $5.3B assets, $3.8B loans, $4.7B deposits as of Sept 30, 2025; operates 33 branches in NE, MN, IA.
- Transaction expected to close Q2 2026, subject to regulatory approvals; Associated becomes #2 in Omaha MSA, #10 in Minneapolis.
- Boards of both companies unanimously approved; Evercore and Wachtell advised ASB; Piper Sandler and Alston & Bird advised American National.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/7789/000000778925000187/0000007789-25-000187-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/7789/000000778925000187/asb-20251201.htm
  HTML page:      https://secwatch.observer/filing/0000007789-25-000187

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer