Company: ASB
Filing Date: 2025-12-30
Form Type: S-4
Source: 0001193125-25-337086
Chunk: 41

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-12-30
Form: S-4
Chunk 41
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 an endorsement or recommendation of the Merger.

Associated and American National believe that the Merger does not raise
significant regulatory concerns and that they will be able to obtain all requisite regulatory approvals. However, there can be no assurance that all of the regulatory approvals described below will be obtained and, if obtained, there can be no
assurances regarding the timing of such approvals, the companies’ ability to obtain such approvals on satisfactory terms or the absence of litigation challenging such approvals. In addition, there can be no assurance that such approvals will
not impose conditions or requirements that, individually or in the aggregate, would or could reasonably be expected to have an adverse effect on the business, assets, results of operations or financial condition of the surviving corporation
following completion of the Merger. There can likewise be no assurances that U.S. federal or state regulatory or competition authorities will not attempt to challenge the Merger or, if such a challenge is made, what the result of such challenge will
be.

Federal Reserve Board and the OCC

The Merger is subject to approval by the Federal Reserve Board pursuant to section 3 of the BHC Act. The Bank Merger is subject to
approval by the OCC pursuant to the National Bank Act and section 18(c) of the Federal Deposit Insurance Act (the “Bank Merger Act”). The Federal Reserve Board and OCC take into consideration a number of factors when acting on an
application under section 3 of the BHC Act and the Bank Merger Act, respectively. These factors include the financial and managerial resources of the companies and banks involved (including consideration of the capital adequacy, liquidity, and
earnings performance, as well as the competence, experience and integrity of the officers, directors and principal shareholders, and the records of compliance with applicable laws and regulations) and future prospects of the surviving corporation.
The Federal Reserve Board and OCC also consider the effectiveness of the applicant in combatting money laundering, the convenience and needs of the communities to be served, as well as the extent to which the proposal would result in greater or more
concentrated risks to the stability of the U.S. banking or financial system. The Federal Reserve Board and OCC may not approve a proposal that would have significant adverse effects on competition or on the concentration of resources in any banking
market.

In considering an application under section 3 of the BHC Act or the Bank Merger Act, as applicable, the Federal Reserve Board and
OCC also review the records of performance of the relevant insured depository institutions under