Milwaukee-based Landmark Credit Union is expanding in northeast Wisconsin by acquiring American National Bank-Fox Cities, Appleton, Wis. .The deal, which is expected to close in the second half of this year, will add $419 million to the credit union’s balance sheet, along with $328 million in loans. Landmark Credit Union has more than $7 billion in assets, 35 branches and more than 400,000 members. American National Bank-Fox Cities was founded in 1993 by local entrepreneurs. The acquisition comes after Landmark established an LPO last year in Appleton. "This acquisition represents a meaningful step forward in our commitment to deepen our presence in key Wisconsin markets," said President & CEO Timothy Mackay.“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.” Dallas-based ALM First was financial adviser to Landmark Credit Union, while Honigman LLP, Detroit, was legal counsel. Inverness, Ill.-based Hovde Group was financial adviser to American National Bancorp, while Boardman & Clark, Madison, Wis., was legal adviser to the company and its subsidiary, American National Bank-Fox Cities.
