Associated Bank in Green Bay, Wis., has agreed to pay $13 million to exit a class-action lawsuit that accuses it and other banks of processing debit card transactions in a manner that maximized fees from overdrafts.

The $21.6 billion-asset unit of Associated Banc-Corp said in a Securities and Exchange Commission filing Monday that the settlement will free it from all claims related to the multidistrict suit filed in the U.S. District Court for the Southern District of Florida.

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