Company: ASB
Filing Date: 2025-12-04
Form Type: 425
Source: 0001193125-25-307510
Chunk: 78

Company: ASSOCIATED BANC-CORP
Filing Date: 2025-12-04
Form: 425
Chunk 78
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 make any application for the closing of or close any branch or (iii) other than in consultation with Parent,
purchase any new real property (other than other real estate owned (OREO) 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;

(s) 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 this Agreement; or

(t) 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 actions prohibited by this Section 5.2.

5.3 . During the period from the date of this Agreement
to the Effective Time or earlier termination of this Agreement, except as set forth in the Parent Disclosure Schedule, as expressly contemplated or permitted by this Agreement or as required by law, Parent shall not, and shall not permit any of its
Subsidiaries to, without the prior written consent of the Company (such consent not to be unreasonably withheld, conditioned or delayed):

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(a) amend Parent’s articles of incorporation or bylaws in a manner that would
materially and adversely affect the holders of Company Common Stock relative to other holders of Parent Common Stock;

(b) adjust, split,
combine or reclassify any capital stock of Parent or make, declare or pay any extraordinary dividend on any capital stock of Parent;

(c)
merge or consolidate itself or Parent Bank with any other person if the merger or consolidation is reasonably likely to prevent, materially delay or materially impair the receipt of the Requisite Regulatory Approvals or the Closing;

(d) take any action or knowingly fail to take any action where such action or failure to act could reasonably be expected to prevent or impede
the Merger from qualifying as a “reorganization” within the meaning of Section 368(a) of the Code;

(e) knowingly
take any action that is intended to or would reasonably be likely to adversely affect or materially delay the ability of Parent or its Subsidiaries to obtain any necessary approvals of any Governmental Entity required for the transactions
contemplated hereby or to perform its covenants and agreements under this Agreement or to consummate the transactions contemplated hereby or thereby; or

(f) agree