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

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-12-30
Form: S-4
Chunk 30
---
 of American National common stock. American National shareholders are entitled to receive dividends out of legally available funds when, as and if declared by the American National board of directors, in its sole discretion, subject to limits under the Merger 19

Agreement. The American National board of directors has historically declared and paid regular quarterly cash dividends on American National common stock. As a Nebraska corporation, American
National is subject to certain restrictions on distributions under the NMBCA. Generally, a Nebraska corporation may make a distribution, including dividends, only if after the distribution (i) the corporation would be able to pay its debts as
they become due in the ordinary course of business, and (ii) the corporation’s total assets would not be less than the sum of its total liabilities plus any amount needed to satisfy preferential rights upon dissolution. Additionally,
federal and state banking laws and regulations and state corporate laws, as well as applicable restrictions under the Merger Agreement, restrict the amount of dividends and distributions American National may declare and pay and that American
National Bank may declare and pay to American National.

20

INFORMATION ABOUT ASSOCIATED

Associated Banc-Corp

433 Main Street

Green Bay, Wisconsin 54301

(920)
491-7500

Associated Banc-Corp is a bank holding company registered pursuant to the BHC Act. Its
bank subsidiary, Associated Bank, traces its history back to the founding of the Bank of Neenah in 1861. Associated was incorporated in Wisconsin in 1964 and was inactive until 1969 when permission was received from the Federal Reserve to acquire
three banks. At December 31, 2024, Associated owned (1) one nationally chartered commercial bank, Associated Bank, which is headquartered in Green Bay, Wisconsin and serves local communities across the upper Midwest, (2) one
nationally chartered trust company, Associated Trust Company, which is headquartered in Milwaukee, Wisconsin, and (3) 12 limited purpose banking and nonbanking subsidiaries either located in or conducting business primarily in its three-state branch
footprint (Wisconsin, Illinois and Minnesota) that are closely related or incidental to the business of banking or financial in nature. At September 30, 2025, Associated had consolidated total assets of approximately $44.5 billion, total
loans of approximately $31.0 billion and deposits of approximately $34.9 billion. Based on total assets reported at September 30, 2025, Associated is the largest bank holding company headquartered in