Associated Banc-Corp completes American National merger; Kotouc joins board
Associated Banc-Corp completed its acquisition of American National Corporation on April 1, 2026, with American National merging into Associated and its bank merging into Associated Bank, National Association. The former American National executive Wende Kotouc was appointed to Associated's board, which increased from 13 to 14 members, and the company issued shares to former American National shareholders as merger consideration.
Key points
- Former American National voting shareholders received an aggregate 22,478,042 Associated common shares, per Item 3.02; Item 8.01 cites 22,975,382 shares to all American National voting and non-voting holders.
- Wende Kotouc, 63, was appointed to fill the board seat created by the expansion from 13 to 14 directors.
- John F. Kotouc will serve as a consultant for two years at an annual retainer of $400,000.
- American National systems, branches and customers are expected to convert to Associated in the third quarter of 2026.
The filing
Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 01, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.