Associated Banc-Corp and American National Corporation have entered into a definitive agreement for a merger.
This merger will result in American National merging into Associated, expanding its presence in strategic growth markets.
The transaction is valued at approximately $604 million based on Associated's closing price.
Expanded Presence in Strategic Markets
The merger will make Associated the #2 bank in the Omaha MSA and the #10 bank in the Minneapolis/St. Paul MSA by deposit market share.
Financially Attractive Partnership
American National shareholders will receive 36.250 shares of Associated stock for each share of American National stock.
Cultural Alignment
Both companies have a proud heritage of serving Midwest communities dating back to the 1800s.
- The merger will deepen Associated's presence in the Twin Cities and establish a foothold in the Omaha market.
- Associated will broaden its reach across the Midwest, offering its products to a larger client base.
- The transaction is expected to close in the second quarter of 2026, subject to regulatory approvals.
The merger of Associated Banc-Corp and American National Corporation marks a significant step in the expansion of the company's reach and services across the Midwest.