Associated Banc-Corp completes acquisition of American National Corporation

ASSOCIATED BANC-CORP

Merger closed April 1, 2026; American National merged into Associated; bank merged into Associated Bank, N.A.
Aggregate consideration of 22,975,382 shares of Associated common stock issued to American National shareholders.
Wende Kotouc appointed to Associated board of directors, filling a new 14th seat.
Systems, branches expected to convert to Associated in Q3 2026; branches to be rebranded.
Associated reported record net income in 2025; combined company targets growth in Omaha and Twin Cities.

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