Associated Bank acquires Omaha-based bank in $604M…

AI-assisted summary

Associated Banc-Corp. will acquire American National Corp. in an all-stock deal valued at over $600 million.

The merger will expand Associated Bank's presence into Nebraska and Iowa and increase its branches in the Twin Cities.

Once complete, the combined bank will have approximately $50 billion in assets.

Associated Bank 's parent company will acquire the privately-held parent company of American National Bank in an all-stock deal estimated to be worth more than $600 million.

Associated Banc-Corp. on Dec. 1 announced it will merge with Omaha-based American National Corp. in a move that will expand Green Bay-based Associated's footprint into Nebraska and Iowa and add to its branch count in the Twin Cities market.

Terms of the deal call for American National sha