10 Most Undervalued Bank Stocks to Buy Now

9. Associated Banc-Corp (NYSE:ASB)

Associated Banc-Corp (NYSE:ASB) is one of the 10 most undervalued bank stocks to buy now.

On April 1, Associated Banc-Corp (NYSE:ASB) announced that the merger with American National Corp., which has a banking subsidiary by the name of American National Bank, is officially complete. This merger is seen as offering better growth opportunities for Associated Banc-Corp by incorporating its competitive strengths into American National’s focus on its customers and geographical advantages.

It also reflects upon the organization’s effective inorganic growth strategy, making it an attractive investment option within the banking space. The deal is indeed a fitting culmination of an eventful year for Associated Banc-Corp, where relationship loans, record customer additions, and excellent credit ratings ensured that 2025 would be its best year yet.

Andy Harmening, the President and CEO of Associated Banc-Corp, stated that this partnership is a reaffirmation of the solid growth trajectory, while it maintains a personal touch with its customers. All systems, branches, and customers of American National will be integrated into those of Associated in the third quarter of 2026.

It intends to rename all existing branches after the transition process has been completed. In the wake of the merger, the former Executive Co-Chairperson and CEO of American National Bank, Wende Kotouc, will be part of the Associated Board of Directors.

Associated Banc-Corp (NYSE:ASB) operates as a bank holding company that offers several banking and non-banking products and services. It provides lending solutions, deposit and transactional solutions, cash and deposit management, and other related services. Other offerings include leasing, asset management, residential mortgages, equipment finance, and more.