M&A
confidence high
sentiment positive
materiality 0.75
Associated Banc-Corp to acquire American National Corporation in all-stock merger
ASSOCIATED BANC-CORP
- Each American National share will be exchanged for 36.250 shares of Associated common stock.
- Wende Kotouc, American National CEO, to join Associated board; a second American National director may be added later.
- Merger is subject to Fed and OCC approvals, other conditions; must close by Nov 30, 2026 unless extended.
- American National voting shareholders entered a Transfer, Voting and Registration Rights Agreement supporting the deal.
- Both boards unanimously approved the merger; American National Bank will later merge into Associated Bank, N.A.