Company: ASB
Filing Date: 2025-12-30
Form Type: S-4
Source: 0001193125-25-337086
Chunk: 71

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-12-30
Form: S-4
Chunk 71
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 this discussion. For purposes of this discussion, the term “U.S. holder” means a beneficial owner of American National common stock that is, for U.S. federal income tax purposes:

| • |     | an individual citizen or resident of the United States; |

| • |     | a corporation, or other entity taxable as a corporation, created or organized under the laws of the United 
 States, any state thereof or the District of Columbia;                                                     |

| • |     | a trust if (a) its administration is subject to the primary supervision of a court within the United States                                                                                                                  
 and one or more U.S. persons have the authority to control all substantial decisions of the trust or (b) it has a valid election in effect under applicable Treasury Regulations to be treated as a United States person; or |

| • |     | an estate the income of which is subject to U.S. federal income tax regardless of its source. |

If a partnership, including for this purpose any entity or arrangement classified as a partnership for U.S. federal income tax purposes, holds American National common stock, then the U.S. federal income tax treatment of the partnership and a partner in such partnership generally will depend on the status of the partners, the status and activities of the partnership and certain determinations made at the partner level. If you are a partnership or a partner of a partnership holding American National common stock, you should consult your tax advisors regarding the specific U.S. federal income tax consequences of the Merger in light of your particular circumstances. This discussion is applicable to you only if you hold your shares of American National common stock as a “capital asset” within the meaning of Section 1221 of the Code (generally, property held for investment). Further, this discussion does not address all aspects of U.S. federal income taxation that may be relevant to you in light of your particular circumstances or that may be applicable to you if you are subject to special treatment under the U.S. federal income tax laws, including if you are:

| • |     | a bank or other financial institution; |

| • |     | a tax-exempt organization or governmental organization; |

| • |     | an S corporation, partnership or other pass-through entity (or a shareholder, partner or investor therein); |

| • |     | an underwriter or insurance company; |

| • |     | a mutual fund; |

| • |     | a pension fund, retirement plan, individual retirement account or other 
 tax-deferred