Shareholders of Brown Deer-based Bank Mutual Corp. voted Tuesday to approve the acquisition of the company by Green Bay-based Associated Banc-Corp. during a special meeting.
Associated plans to acquire Bank Mutual for $482 million as part of a deal announced in July. The transaction is expected to close early in 2018 but is still subject to regulatory approvals and other closing conditions.
Shareholders also approved an advisory resolution on potential change-in-control payments for Bank Mutual executives.
Read more in BizTimes Milwaukee.