Company: ASB
Filing Date: 2025-12-04
Form Type: 425
Source: 0001193125-25-307510
Chunk: 15

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-12-04
Form: 425
Chunk 15
---
 a national banking association and a wholly owned Subsidiary of the Company (“”), will merge with and into Associated Bank, National Association, a national banking association and a
wholly owned Subsidiary of Parent (“” and such merger, the “”). Parent Bank shall be the surviving entity in the Bank Merger and, following the Bank Merger, the separate corporate
existence of Company Bank shall cease. Promptly after the date of this Agreement, Parent Bank and Company Bank shall enter into an agreement and plan of merger in substantially the form attached hereto as
(the “”). Each of Parent and the Company shall approve the Bank Merger Agreement and the Bank Merger as the sole shareholder of Parent Bank and Company Bank, respectively. Prior to the Effective Time, the
Company shall cause Company Bank, and Parent shall cause Parent Bank, to execute such certificates or articles of merger and such other documents and certificates as are necessary to effectuate the Bank Merger (“”).

-4-

ARTICLE II

EXCHANGE OF SHARES

2.1 . At or prior to the Effective Time, Parent shall deposit, or shall cause to be deposited, with a bank or trust company designated by Parent and reasonably acceptable to the Company
(the “”), for the benefit of the holders of Old Certificates, for exchange in accordance with this Article II, (a) evidence in book-entry form, representing shares of Parent Common Stock to be issued
pursuant to Section 1.5 and exchanged pursuant to Section 2.2(a) in exchange for outstanding shares of Company Common Stock (collectively, referred to herein as “”), and (b) an amount in cash
constituting the aggregate cash in lieu of any fractional shares to be paid to holders of Company Common Stock pursuant to Article I (such New Certificates and cash described in the foregoing clauses (a) and (b), together with any dividends or
distributions with respect thereto payable in accordance with Section 2.2(b), collectively, the “”).

2.2 .

(a) As promptly as practicable after the Effective Time, but in no event later than ten (10) days thereafter (or the first business day
thereafter if such tenth (10th) day is not a business day), Parent shall cause the Exchange Agent to mail to each holder of record of one or more Old Certificates representing shares of Company Common Stock immediately prior to the Effective Time
that have been converted at the Effective Time into the right to receive the Merger