Company: ASB
Filing Date: 2025-12-30
Form Type: S-4
Source: 0001193125-25-337086
Chunk: 83

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-12-30
Form: S-4
Chunk 83
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 180.0855 of the WBCL or any successor thereto. In
addition, the Associated bylaws provide that Associated may purchase and maintain insurance on behalf of any person who is a director, officer, employee or agent of Associated against any liability asserted against or incurred by the individual in
any such capacity or arising out of his status as such, regardless of whether Associated is required or authorized to indemnify or allow expenses to the individual.

59

COMPARISON OF SHAREHOLDERS’ RIGHTS If the Merger is completed, American National shareholders will receive shares of Associated common stock in the Merger, and they will cease to be American National shareholders. Associated is organized under the laws of the State of Wisconsin, and American National is organized under the laws of the State of Nebraska. The following is a summary of the material differences between (i) the current rights of American National shareholders under Nebraska law and the American National articles and American National bylaws and (ii) the current rights of holders of Associated common stock under Wisconsin law and the Associated articles and Associated bylaws. Associated and American National believe that this summary describes the material differences between the rights of holders of Associated common stock as of the date of this information statement/prospectus and the rights of American National shareholders as of the date of this information statement/prospectus; however, it does not purport to be a complete description of those differences. Copies of Associated’s governing documents have been filed with the SEC. To find out where copies of these documents can be obtained, see the section entitled “Where You Can Find More Information.”

|                                           |     | Associated                                                                                                                                                                                                                                   |     | American National                                                                                                                                                                                                                      |
| Authorized and Outstanding Capital Stock: |     | The Associated articles authorize Associated to issue up to 250,000,000 shares of Associated common stock, par value $0.01 per share, up to                                                                                                  
 750,000 shares of Associated preferred stock, par value $1.00 per share, in one or more series, including (i) 100,000 shares of 5.875% Non-Cumulative Perpetual Preferred Stock, Series E (“Associated                                       
 Series E preferred stock”), with a liquidation preference of $1,000 per share, and (ii) 100,000 shares of 5.625% Non-Cumulative Perpetual Preferred Stock, Series F (“Associated Series F preferred                                          
 stock”), with a liquidation preference of $1,000 per share.   As of