Company: ASB
Filing Date: 2025-12-30
Form Type: S-4
Source: 0001193125-25-337086
Chunk: 18

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-12-30
Form: S-4
Chunk 18
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 where legally permissible, waiver of additional conditions. These additional conditions include, among others, that Associated shall not be in breach of and shall not have stated in writing any intention to breach either of the Kotouc consulting agreement (as described elsewhere in this information statement/prospectus) or a letter agreement with Mr. and Ms. Kotouc (the “side letter”) . Termination of the Merger Agreement The Merger Agreement may be terminated at any time prior to the completion of the Merger in the following circumstances:

| • |     | by mutual consent of Associated and American National in a written instrument; |

| • |     | by either Associated or American National if any governmental entity that must grant a requisite regulatory                                                                                                                                              
 approval has denied approval of the Merger or the Bank Merger and such denial has become final and nonappealable or any governmental entity of competent jurisdiction has issued a final nonappealable order, injunction or decree permanently enjoining 
 or otherwise prohibiting or making illegal the consummation of the Merger or the Bank Merger, unless the failure to obtain a requisite regulatory approval is due to the failure of the party seeking to terminate the Merger Agreement to perform or    
 observe its obligations, covenants and agreements set forth in the Merger Agreement;                                                                                                                                                                     |

| • |     | by either Associated or American National (provided that the terminating party is not then in material breach of                                                                                                                                         
 any representation, warranty, obligation, covenant or other agreement contained in the Merger Agreement) if there is a breach of any of the obligations, covenants or agreements or any of the representations or warranties (or if any such             
 representation or warranty ceases to be true) set forth in the Merger Agreement on the part of American National, in the case of a termination by Associated, or Associated, in the case of a termination by American National, which breach or failure  
 to be true, either individually or in the aggregate with all other breaches by such party (or failures of such representations or warranties to be true), would constitute, if occurring or continuing on the closing date, the failure of an applicable 
 closing condition of the terminating party and which is not cured by the earlier of the termination date and 45 days following written notice to the other party, or by its nature or timing cannot be cured during such period.                         |

Accounting Treatment The Merger will be accounted for as an acquisition of American National by Associated under the acquisition method of accounting in accordance with generally accepted accounting principles in the