Associated Banc-Corp completed its acquisition of American National Corporation on April 1, 2026. American National merged into Associated, and American National Bank merged into Associated Bank, N.A. 620,084 shares of American National common stock were converted into 22,478,042 shares of Associated common stock. An aggregate of 22,975,382 shares of Associated common stock were issued for American National voting and non-voting common stock. Associated's board of directors increased from 13 to 14 members. Wende Kotouc, former Executive Co-Chairperson and CEO of American National Bank, was appointed to Associated's board. John F. Kotouc, Ms. Kotouc's husband and former Co-Chairman/Co-CEO of American National, entered a two-year consulting agreement with Associated for an annual retainer of $400,000. American National systems, branches, and customers are expected to convert to Associated in the third quarter of 2026.