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Associated Banc-Corp unit closes Minneapolis-based insurance broker buy

Associated Benefits and Risk Consulting, a unit of Green Bay, Wis.-based Associated Banc-Corp, has completed the acquisition of the Minneapolis-based insurance broker Anderson Insurance & Investment Agency Inc.

The terms of the transaction were not disclosed.

Under the deal, Anderson Insurance will become part of Associated Benefits and Risk Consulting, with key executives of the insurance broker retaining their leadership roles to aid with integration and the expansion of the combined business.