Company: ASB
Filing Date: 2025-12-30
Form Type: S-4
Source: 0001193125-25-337086
Chunk: 9

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-12-30
Form: S-4
Chunk 9
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 of safety and soundness considerations.                                    |

| Q: | What are the material U.S. federal income tax consequences of the Merger to U.S. American National 
 shareholders?                                                                                      |

| A: | The Merger is intended to qualify as a “reorganization” (within the meaning of                                                                                                                                                                           
 Section 368(a) of the Internal Revenue Code of 1986, as amended (the “Code”)) for U.S. federal income tax purposes, and it is a condition to Associated’s and American National’s respective obligations to complete the                                 
 Merger that Associated and American National each receive a legal opinion to the effect that the Merger will so qualify. Accordingly, U.S. holders of American National common stock generally will not recognize any gain or loss for U.S. federal      
 income tax purposes on the exchange of their American National common stock for Associated common stock in the merger, except for any gain or loss that may result from the receipt of cash instead of fractional shares of Associated common stock. You 
 should be aware that the tax consequences to you of the merger may depend upon your own situation. In addition, you may be subject to state, local or non-U.S. tax laws that are not discussed in this                                                   
 information statement/prospectus. You should therefore consult with your own tax advisor for a full understanding of the tax consequences to you of the merger. For a more complete discussion of the material U.S. federal income tax consequences of   
 the Merger, see the section entitled “Material U.S. Federal Income Tax Consequences of the Merger.”                                                                                                                                                      |

| Q: | When is the Merger expected to be completed? |

| A: | Associated and American National expect to complete the Merger in the second quarter of 2026. However,                                                                                                                                                
 neither Associated nor American National can predict the actual date on which the Merger will be completed, or if the Merger will be completed at all, because completion is subject to conditions and factors outside the control of both companies. 
 Before Associated and American National can complete the Merger, Associated and American National must first obtain necessary regulatory approvals and satisfy certain other conditions to completion of the Merger. For more information, see the    
 section entitled “The Merger Agreement — Conditions to Completion of the Merger.”                                                                                                                                                                     |

| Q: | Who will be the board of directors and management of Associated after the Merger? |

| A: | The Merger Agreement provides that, effective as of the effective time of