Company: ASB
Filing Date: 2025-12-30
Form Type: S-4
Source: 0001193125-25-337086
Chunk: 78

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-12-30
Form: S-4
Chunk 78
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8990 W. Dodge Road, Omaha, Nebraska 68114, which also serves
as a branch office. Additionally, American National Bank also operates 33 full-service branch offices and 2 limited service offices across Nebraska, Minnesota, and Iowa.

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DESCRIPTION OF ASSOCIATED COMMON STOCK

As a result of the Merger, American National shareholders will receive shares of Associated common stock in the Merger and will become
Associated shareholders. As discussed elsewhere in this information statement/prospectus, the shares of Associated common stock to be issued to the American National voting shareholders will not be registered and will be subject to the terms and
conditions set forth in the Transfer, Voting and Registration Rights Agreement. For more information, see “The Merger Agreement — Transfer, Voting and Registration Rights Agreement.”

The following description summarizes the material terms of our common stock but does not purport to be complete, and it is qualified in its
entirety by reference to the applicable provisions of federal law governing bank holding companies, Wisconsin law and the Associated articles and Associated bylaws.

We have one class of common stock, the Associated common stock. Of the 250,000,000 shares of our common stock with a par value of $0.01 per
share authorized, 165,994,121 shares were outstanding, exclusive of shares held in treasury, as of December 22, 2025, the latest practicable date prior to the filing of this information statement/prospectus.

Associated Common Stock

Voting Rights

Holders of
Associated common stock are entitled to cast one vote, in person or by proxy, for each share of Associated common stock registered in his or her name on Associated’s stock transfer books. Subject to the rights, if any, of the holders of any
series of preferred stock under their respective certificates of designations and applicable law, all voting rights are vested in the holders of shares of Associated common stock. Voting rights are not cumulative.

Dividend Rights

Holders of
Associated common stock are entitled to receive dividends when, as, and if declared by the Associated board of directors out of assets legally available for the payment of dividends, subject, however, to the dividend rights, if any, of the holders
of preferred stock. No share of our common stock is entitled to any preferential treatment with respect to dividends. Furthermore, as a bank holding company, our ability to pay dividends is subject to the guidelines of the Federal Reserve regarding
capital adequacy and dividends. Dividends also may be limited