Company: ASB
Filing Date: 2025-12-30
Form Type: S-4
Source: 0001193125-25-337086
Chunk: 72

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-12-30
Form: S-4
Chunk 72
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 account;                                                   |

| • |     | a broker, dealer or trader in securities (including traders in securities that elect to apply a mark-to-market accounting method), currencies or commodities; |

| • |     | a holder of American National common stock subject to the alternative minimum tax provisions of the Code; |

50

| • |     | a holder of American National common stock subject to the U.S. anti-inversion rules or the base erosion and 
 anti-abuse tax;                                                                                             |

| • |     | a holder of American National common stock who holds such stock (or who will hold Associated common stock after      
 the Merger) in connection with a trade or business, permanent establishment or fixed base outside the United States; |

| • |     | a holder of American National common stock required to accelerate the recognition of any item of gross income as 
 a result of such income being recognized on an “applicable financial statement”;                                 |

| • |     | a holder of American National common stock who received American National common stock through the exercise of 
 employee stock options or through a tax-qualified retirement plan or otherwise as compensation;                |

| • |     | a holder who exercises dissenters’ rights; |

| • |     | a person who is not a U.S. holder; |

| • |     | a real estate investment trust; |

| • |     | a regulated investment company; |

| • |     | a person who uses a functional currency other than the U.S. dollar; |

| • |     | an expatriate or former citizen or long-term resident of the United States; |

| • |     | a holder who owns (or who has owned or will own, directly, indirectly, or constructively, at any time) 5% or more 
 of the total combined voting power or value of American National;                                                 |

| • |     | a holder of options granted under any American National benefit plan; or |

| • |     | a holder of American National common stock who holds American National common stock as part of a hedge, straddle 
 or a constructive sale or conversion transaction.                                                                |

If you are a U.S. holder subject to special provisions and/or tax treatment under the Code, including but not limited to those described immediately above, you should consult your own tax advisors regarding the tax consequences relating to the Merger in light of your particular circumstances. This discussion is not a complete description of all of the U.S. federal income tax consequences of the Merger and