| Associated Banc
Corp Challenge Acknowledged by
Fed Against American National
Deal
by
Matthew Russell Lee, Patreon Book
Substack
SOUTH
BRONX/SDNY,
Jan 9 – Associated Banc-Corp,
with a track record of
disparate lending and consumer
complaints, now proposes to
expand into Nebraska and Iowa
by taking over American
National Bank.
Fair
Finance Watch, while the
Federal Reserve refuses to act
to ensure public access to
Home Mortgage Disclosure Act
data, notes the 2024
HMDA data of Associated
National Bank, starting in
Wisconsin: it denied more
mortgage applications from
African Americans, 90, than it
made loans to African
Americans, 86. Meanwhile it
made fully 4243 loans to
whites, while denying only
1430 loans. On December
1 we said we would have more
on these troubling
disparities, including under
the Community Reinvestment Act
- and now we do.
On December 8
Fair Finance Watch filed with
the Fed - acknowledged on the
application on January 7,
below - with no portion of the
application provided as of Jan
9 at 4:20 pm
This concerns the
proposal by Associated
Banc-Corp to acquire and merge
with American
National
This is
opposition at the earliest
possible time. In light of a
recent proposal in which only
the OCC is considering a
multi-billion merger, we are
submitting this to the FRB as
soon as possible. Please
immediate inform FFW if
Associated is applying to the
FRS, and consider this comment
on any and all Associated
applications.
[On January 7,
the Fed wrote back: "Dear
Matthew: The Federal Reserve
Bank of Chicago has received
your correspondence dated
December 8, 2025, regarding a
future application by
Associated Banc-Corp
(“Associated”) to acquire
American National Corporation
(“ANC”). The Federal Reserve
had not received an
application by Associated to
acquire ANC at the time of
your correspondence. A filing
has since been received and we
will consider the comment as
part of the application record
for the filing. A copy of the
public portion of the
application will be provided
in the next three days." As of
4:20 pm on January 9, no
application, none of it.
Associated Bank NA in
Minnesota in 2024 made 414
mortgage loans to whites, and
only 18 to African Americans.
Meanwhile it denied TWENTY
applications from African
Americans, and only 163 from
whites.
Associated Bank NA in Illinois
in 2024 made 690 mortgage
loans to whites, and only 136
to African Americans.
Meanwhile it denied 105
applications from African
Americans, and only 367 from
whites.
Now
Associated wants to take its
branch closing ways to new
states despite, for
example,
Associated has closed many
branches - here in the past
year and a half, nothing but
closings, etc.
Watch this site.
***
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