Company: ASB
Filing Date: 2025-12-30
Form Type: S-4
Source: 0001193125-25-337086
Chunk: 57

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-12-30
Form: S-4
Chunk 57
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 American         
 National as either a “qualified subchapter S subsidiary” within the meaning of Section 1361(b)(3)(B) of the Code (and any similar provision of applicable state or local law) or as disregarded as an entity separate from its owner in             
 accordance with Treasury Regulations Section 301.7701-3 (and any similar provision of applicable state, local or foreign law), as applicable (collectively, the “American National tax                                                              
 treatment”)), change an annual tax accounting period, adopt or change any material tax accounting method, file any material amended tax return, enter into any closing agreement with respect to a material amount of taxes, or settle any material 
 tax claim, audit, assessment or dispute or surrender any right to claim a refund of a material amount of                                                                                                                                            |

41

| taxes, take any action or knowingly fail to take any action where such action or failure to act could reasonably be expected to adversely impact the American National tax treatment, or permit a 
 shareholder to take any action or knowingly fail to take any action where such action or failure to act could reasonably be expected to adversely impact the American National tax treatment;     |

| • |     | (i) make any application for the opening or relocation of, or open or relocate, any branch office, loan                                                                                                                                                  
 production office or other significant office or operations facility of American National or its subsidiaries, (ii) other than in consultation with Associated, make any application for the closing of or close any branch, or (iii) other              
 than in consultation with Associated, purchase any new real property (other than other real estate owned properties in the ordinary course of business) in an amount in excess of $250,000 for any individual property or enter into, amend or renew any 
 material lease with respect to real property requiring aggregate payments under any individual lease in excess of $250,000 per annum;                                                                                                                    |

| • |     | cause or allow the loss of insurance coverage, unless replaced with coverage which is substantially similar (in 
 amount, scope and insurer) to that in effect as of the date of Merger Agreement; or                             |

| • |     | agree to take, make any commitment to take, or adopt any resolutions of its board of directors or similar 
 governing body in support of, any of the foregoing.                                                       |

Prior to the effective time or earlier termination of the Merger Agreement, except as set forth in the Associated Disclosure Schedule, as expressly contemplated or permitted by the Merger Agreement or required by applicable law