Landmark Credit Union to acquire Appleton bank

Landmark Credit Union to acquire Appleton bank






Brookfield-based Landmark Credit Union announced today that it plans to acquire Appleton-based American National Bank-Fox Cities.

The acquisition will add about $419 million in assets to Landmark Credit Union, including $328 million in loans.

Founded in 1993, American National Bank-Fox Cities has two locations, a full-service branch in Appleton and a loan production office in Green Bay.

Timothy Mackay

“This acquisition represents a meaningful step forward in our commitment to deepen our presence in key Wisconsin markets,” said Timothy Mackay, president and CEO of Landmark Credit Union. “After establishing a loan production office in 2025 in Appleton, we saw a strong opportunity to accelerate our growth by bringing American National Bank-Fox Cities into the Landmark family. American National Bank-Fox Cities is a business-focused institution that aligns exceptionally with our commercial strategy, while also offering a full suite of consumer products and services. Northeast Wisconsin is a dynamic and desirable region for us. We are excited to welcome the American National Bank Fox-Cities team and their clients as we continue to invest in and expand our presence in this market.”

Terms of the deal were not disclosed. The deal is expected to close during the second half of the year.

“Since 1993 we have supported our business clients through a unique ‘entrepreneurs serving entrepreneurs’ approach to banking,” said Paul Northway, president and CEO of American National Bank-Fox Cities. “As the backbone of the community, we wanted to better serve businesses. That personal, responsive, and flexible approach was embraced and applied to individual banking customers as well. We are pleased to find a partner in Landmark Credit Union that shares similar values for putting people first and building strong communities. We are confident this will be a transformational partnership.”

ALM First served as financial advisor and Honigman LLP as legal counsel to Landmark Credit Union. Hovde Group, LLC served as financial advisor and Boardman & Clark LLP as legal counsel for American National Bancorp, Inc. and its wholly owned subsidiary American National Bank-Fox Cities.

Founded in 1933, Landmark Credit Union has more than $7 billion in total assets, 35 branches, more than 400,000 members and more than 1,000 employees.

Author

  • Elizabeth Morin

    Elizabeth Morin is a writer based in Virginia Beach. She is passionate about local sports, politics and everything in between.

    Have any Virginia Beach-related news published on our website? Email us at admin at thevirginiabeachobserver.com.

    View all posts

Elizabeth Morin

Elizabeth Morin is a writer based in Virginia Beach. She is passionate about local sports, politics and everything in between. Have any Virginia Beach-related news published on our website? Email us at admin at thevirginiabeachobserver.com.

Learn More →

Leave a Reply

Your email address will not be published. Required fields are marked *