Company: ASB
Filing Date: 2025-12-04
Form Type: 425
Source: 0001193125-25-307510
Chunk: 108

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-12-04
Form: 425
Chunk 108
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2.07.          |     | Conditions to Offerings                                                |     | 24 |
| Section 2.08.          |     | Suspension Period                                                      |     | 25 |
| Section 2.09.          |     | Registration Expenses                                                  |     | 26 |
| Section 2.10.          |     | Rules 144 and 144A                                                     |     | 26 |
| Section 2.11.          |     | Indemnification; Contribution                                          |     | 26 |
| Section 2.12.          |     | Termination                                                            |     | 28 |
| Section 2.13.          |     | No Waiver                                                              |     | 28 |

-ii-

TRANSFER, VOTING AND REGISTRATION RIGHTS AGREEMENT

This Transfer, Voting and Registration Rights Agreement, dated as of November 30, 2025 (this “”), by and
among Associated Banc-Corp, a Wisconsin corporation (“”), and the other signatories hereto (each, severally and not jointly, a “”).

WHEREAS, Parent and American National Corporation are parties to an Agreement and Plan of Merger, of even date herewith (as it may be amended
from time to time, the “”), pursuant to which, on the terms and subject to the conditions set forth in the Merger Agreement, Parent will issue shares of Parent Common Stock (as defined in the Merger Agreement; all
capitalized terms used herein but not defined herein shall have the meanings ascribed thereto in the Merger Agreement) to each of the Shareholders;

WHEREAS, as a condition to the willingness of Parent to enter into the Merger Agreement, the parties are entering into this Agreement
concurrently with entering into the Merger Agreement; and

WHEREAS, this Agreement will become effective automatically upon the Closing.

NOW, THEREFORE, in consideration of the premises and of the mutual covenants and obligations hereinafter set forth, the parties hereto
hereby agree as follows:

ARTICLE I

DEFINITIONS

Section 1.1 . As used herein, the following terms shall have the following meanings:

“” by a person of any securities includes ownership by any person who, directly or indirectly, through
any contract, arrangement, understanding, relationship or otherwise, has or shares (i) voting power, which includes the power to vote, or to direct the voting of, such security; and/or (ii) investment power, which includes