MILWAUKEE — March 10, 2026
Executive Summary
Landmark Credit Union has announced a definitive agreement to acquire American National Bank–Fox Cities, a Wisconsin-based business bank serving customers in the Fox Cities region. The transaction is expected to add approximately $419 million in assets to Landmark Credit Union, including about $328 million in loans, expanding the organization’s presence across Northeast Wisconsin.
According to the announcement, the acquisition aligns with Landmark Credit Union’s strategy to grow its footprint in key regional markets while expanding its commercial and consumer banking capabilities. American National Bank–Fox Cities operates a full-service branch in Appleton, Wisconsin, and a loan production office in Green Bay, both of which are included in the agreement.
The transaction is expected to close in the second half of 2026, subject to customary closing conditions, including regulatory and shareholder approvals. Upon completion of the acquisition, Landmark Credit Union stated that all employees of American National Bank–Fox Cities will be offered continued employment with the organization.
Acquisition Announcement
Landmark Credit Union announced that it has entered into a definitive agreement to purchase American National Bank–Fox Cities, a nationally chartered bank headquartered in Appleton, Wisconsin. The acquisition is designed to expand Landmark’s presence in Northeast Wisconsin and strengthen its lending and banking operations in the region.
Under the terms of the agreement, the transaction will add approximately $419 million in assets to Landmark Credit Union, including $328 million in loans currently held by American National Bank–Fox Cities. The agreement includes the bank’s two operating locations: a full-service branch in Appleton and a loan production office located in Green Bay.
Landmark Credit Union stated that the acquisition supports the organization’s ongoing regional growth strategy. The company previously established a loan production office in Appleton in 2025, and the acquisition of American National Bank–Fox Cities is expected to further strengthen Landmark’s presence in the Northeast Wisconsin market.
American National Bank–Fox Cities serves both business and individual customers and provides a range of banking services. According to the announcement, the bank has historically focused on supporting business clients through an entrepreneur-focused approach to banking while also offering consumer financial services.
Key Announcement Details
- Announcement Type: Acquisition agreement.
- Acquiring Institution: Landmark Credit Union.
- Target Institution: American National Bank–Fox Cities.
- Transaction Structure: Landmark Credit Union announced a definitive agreement to purchase American National Bank–Fox Cities.
- Announcement Date: March 10, 2026.
- Announcement Location (Dateline): Milwaukee, Wisconsin.
- Announcement Source: Landmark Credit Union.
- Total Assets Included in Acquisition: Approximately $419 million in assets.
- Loans Included in Acquisition: Approximately $328 million in loans.
- Strategic Objective: The acquisition expands Landmark Credit Union’s footprint in Northeast Wisconsin.
- Strategic Positioning: The acquisition reinforces Landmark Credit Union’s long-term growth strategy for the Northeast Wisconsin region.
- Regional Market Identified by Acquirer: Northeast Wisconsin.
- Previous Regional Expansion Activity: Landmark Credit Union established a loan production office in Appleton in 2025.
- Target Institution Business Orientation: American National Bank–Fox Cities operates as a business-focused banking institution.
- Additional Services Offered by Target: The bank provides a full suite of consumer banking products and services.
- Business Banking Philosophy: Since 1993 the institution has supported business clients through an “entrepreneurs serving entrepreneurs” approach to banking.
- Customer Segments Served by Target: The bank provides services to business clients and individual banking customers.
- Target Institution Founding Year: 1993.
- Target Institution Founders: Local entrepreneurs.
- Ownership Structure of Target: Locally owned and operated business bank.
- Headquarters of Target Institution: Appleton, Wisconsin.
- Operating Locations Included in Transaction:
- Full-service branch in Appleton, Wisconsin
- Loan production office in Green Bay, Wisconsin
- Charter Status of Target Institution: Nationally chartered bank.
- Regulatory Authority: Office of the Comptroller of the Currency (OCC).
- Deposit Insurance: Federal Deposit Insurance Corporation (FDIC) insured.
- Corporate Ownership: American National Bank–Fox Cities operates as a subsidiary of American National Bancorp, Inc.
- Expected Transaction Closing Period: Second half of 2026.
- Closing Conditions: Completion subject to customary closing conditions, including:
- Regulatory approvals
- Shareholder approvals
- Employee Impact of Transaction: Upon completion of the acquisition, all employees of American National Bank–Fox Cities will be offered continued employment with Landmark Credit Union.
- Financial Advisor to Landmark Credit Union: ALM First.
- Legal Counsel to Landmark Credit Union: Honigman LLP.
- Financial Advisor to Seller: Hovde Group, LLC, advising American National Bancorp, Inc.
- Legal Counsel to Seller: Boardman & Clark LLP, advising American National Bancorp, Inc. and its wholly owned subsidiary American National Bank–Fox Cities.
- Acquirer Founding Year: 1933.
- Institutional Structure of Acquirer: Landmark Credit Union operates as a not-for-profit financial cooperative.
- Total Assets of Acquirer: More than $7 billion in total assets.
- Branch Network of Acquirer: 35 branches.
- Membership Base: More than 400,000 members.
- Workforce Size: More than 1,000 employees.
- Acquirer Mission Focus: Landmark Credit Union focuses on delivering great rates and low fees, providing personal service, and investing in improved member experiences.
- Acquirer Operating Model: Landmark Credit Union serves its members as a financial cooperative providing consumer banking and lending services.
- Official Website of Acquirer: landmarkcu.com
- Official Website of Target Institution: anbfc.bank
Regional Expansion Strategy
Landmark Credit Union indicated that the acquisition reflects its broader strategy to strengthen operations in key geographic markets across Wisconsin. The organization stated that the addition of American National Bank–Fox Cities will expand its operational footprint in Northeast Wisconsin while supporting its efforts to grow commercial and consumer banking services in the region.
According to Landmark Credit Union, acquisitions that align with the organization’s geographic priorities and strategic business objectives are considered an important component of its long-term growth approach. The company stated that acquisitions can support expansion of business lines, increase deposits, and strengthen customer relationships across the communities it serves.
The announcement noted that Northeast Wisconsin represents an important market for the credit union. Landmark Credit Union previously established a loan production office in Appleton in 2025, and the acquisition agreement with American National Bank–Fox Cities is expected to accelerate Landmark’s presence in the region.
American National Bank–Fox Cities operates as a nationally chartered bank regulated by the Office of the Comptroller of the Currency (OCC). The institution provides a full range of banking services for both individual and business customers through its existing branch and lending operations in the Fox Cities area.
Leadership Statements
Timothy Mackay, President and Chief Executive Officer of Landmark Credit Union, said the acquisition supports the organization’s long-term regional growth strategy.
“This acquisition represents a meaningful step forward in our commitment to deepen our presence in key Wisconsin markets,” said Timothy Mackay, president & 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.”
Paul Northway, President and Chief Executive Officer of American National Bank–Fox Cities, said the agreement brings together institutions with similar values focused on serving customers and communities.
“Since 1993 we have supported our business clients through a unique ‘entrepreneurs serving entrepreneurs’ approach to banking,” said Paul Northway, president & 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.”
Transaction Advisors
The companies stated that several advisory firms supported the acquisition process for both Landmark Credit Union and American National Bancorp, Inc.
ALM First served as financial advisor to Landmark Credit Union in connection with the transaction. The firm provided financial advisory support to Landmark as it entered into the definitive agreement to acquire American National Bank–Fox Cities.
Honigman LLP acted as legal counsel to Landmark Credit Union for the acquisition. The law firm advised Landmark on legal matters associated with the transaction.
On the seller’s side, Hovde Group, LLC served as financial advisor to American National Bancorp, Inc., the holding company of American National Bank–Fox Cities. The advisory firm supported American National Bancorp, Inc. during the transaction process.
Boardman & Clark LLP served as legal counsel to American National Bancorp, Inc. and its wholly owned subsidiary, American National Bank–Fox Cities, providing legal representation related to the acquisition agreement.
Expected Closing Timeline
The acquisition of American National Bank–Fox Cities by Landmark Credit Union is expected to be completed during the second half of 2026.
The closing of the transaction remains subject to the satisfaction of customary closing conditions. These conditions include obtaining the necessary regulatory approvals as well as approval from shareholders. Completion of these approval processes is required before the transaction can be finalized.
Following the completion of the acquisition, Landmark Credit Union stated that all employees of American National Bank–Fox Cities will be offered continued employment with the organization.
The agreement includes the operations of American National Bank–Fox Cities, including its full-service branch located in Appleton, Wisconsin, and its loan production office in Green Bay, Wisconsin, both of which are part of the acquisition.
About Landmark Credit Union
Founded in 1933, Landmark Credit Union is a not-for-profit financial cooperative focused on serving its members through consumer banking services, lending products, and financial solutions. As a member-owned institution, the organization operates with a focus on delivering value through competitive rates, low fees, and personalized service while continuing to invest in improving the overall member experience.
Landmark Credit Union provides a range of financial services designed to support the needs of its members. These services include consumer banking products and installment lending solutions offered through its branch network and other service channels.
The credit union currently manages more than $7 billion in total assets. Its operations include a network of 35 branch locations serving communities across Wisconsin. Landmark Credit Union serves more than 400,000 members and employs more than 1,000 associates across its organization.
Through its branch network and other service channels, the credit union continues to expand its presence while supporting the financial needs of the communities it serves across the state.
More information about Landmark Credit Union is available at landmarkcu.com.
About American National Bank–Fox Cities
American National Bank–Fox Cities is a locally owned and operated business bank headquartered in Appleton, Wisconsin. The institution was founded in 1993 by local entrepreneurs and has focused on providing banking services to both business and individual customers.
The bank operates a full-service branch in Appleton, Wisconsin, and maintains a loan production office in Green Bay, Wisconsin. Through these locations, American National Bank–Fox Cities provides banking services to customers across the Fox Cities region.
American National Bank–Fox Cities is a nationally chartered bank regulated by the Office of the Comptroller of the Currency (OCC). The bank is also insured by the Federal Deposit Insurance Corporation (FDIC).
The institution operates as a subsidiary of American National Bancorp, Inc., its holding company.
Additional information about American National Bank–Fox Cities is available at anbfc.bank.
Media Contact
For additional information, visit landmarkcu.com & anbfc.bank.
Source Attribution
Source: Company announcement