Regulatory Alerts2026-03-11
Federal Reserve Board Announces Approval of Application by Associated Banc-Corp
The Federal Reserve Board approved the merger application by Associated Banc-Corp to acquire American National Corporation and its subsidiary bank, consolidating approximately $50.5 billion in assets under a single holding company. The Board determined the transaction satisfies Bank Holding Company Act requirements, noting that both institutions are well capitalized and managed, maintain an Outstanding Community Reinvestment Act rating, and will not significantly lessen competition in the Minneapolis–Saint Paul banking market. After reviewing financial projections, managerial capacity, and two adverse public comments regarding lending disparities and branch closures, the Board concluded that the combined organization’s future prospects and community service plans justify approval.