MILWAUKEE —The $7.4-billion Landmark Credit Union here has agreed to buy $419-million American National Bank-Fox Cities, based in Appleton, Wis., the CU announced.
The deal will add $328 million in loans to Landmark’s portfolio. The transaction is expected to be completed in the second half of 2026, subject to customary closing conditions, including regulatory and shareholder approvals. Upon completion, all American National Bank-Fox Cities employees will be offered continued employment with Landmark, the CU said.
“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,” continued Mackay. “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.”
American National Bank-Fox Cities is nationally chartered and has two locations, including a full-service branch in Appleton and a loan production office in Green Bay. Both are part of this acquisition agreement.
“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.”
American National Bank-Fox Cities made $5.7 million in net income in 2025, according to FDIC data. Landmark made $67.8 million in net income in 2025. Its capital ratio is 10.67%, according to NCUA data.
“Smart, forward thinking, proactive community-based institutions continue to seek each other out to create a stronger institution for their constituents,” said Michael Bell, partner and chair of the Financial Institutions Practice Group at Honigman LLP, which is representing Landmark in the deal. “The Midwest remains an area of strong activity, and it will continue in 2026.”
Bell, who has advised on more than 75 whole-bank transactions and numerous branch purchases throughout his career, pointed out this is the fourth CU purchase of a bank in 2026.