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Associated Banc-Corp Annual Shareholder Meeting Highlights

Associated Banc-Corp (NYSE: ASB), a prominent bank holding company based in Wisconsin, has concluded its 2026 Annual Meeting of Shareholders, revealing significant updates regarding its leadership, financial distributions, and corporate governance. This meeting provided shareholders with essential insights into the company's direction and upcoming initiatives.

Board of Directors Elections

At this year’s meeting, a new board of directors was elected to drive the future strategy of the bank. The distinguished members include:

• - John (Jay) B. Williams: Serving as chairman of both Associated Banc-Corp and Church Mutual Insurance Company.
• - Owen J. Sullivan: Former president and COO of NCR Corporation, now serving as vice chairman.
• - Andrew J. Harmening: Currently the president and CEO of Associated Banc-Corp.
• - Judith P. Greffin: Previously the chief investment officer at Allstate Corporation.
• - Michael J. Haddad: Chair of the board for Schreiber Foods, Inc.
• - Additional members include Rodney Jones-Tyson, Eileen A. Kamerick, Wende L. Kotouc, Kristen M. Ludgate, Cory L. Nettles, and Karen T. van Lith, all bringing diverse expertise to the board.

The shareholders also approved compensation for named executive officers and ratified KPMG LLP as the company’s independent accounting firm for the year.

Recognition of Retiring Directors

The board took a moment to acknowledge the valuable contributions of retiring directors R. Jay Gerken, Robert A. Jeffe, and Gale E. Klappa. Jay Williams expressed gratitude for their service and leadership, highlighting their impact on the company.

To honor their commitment, the company made charitable donations of $25,000 in each of their names to a charity of their choice.

Dividend Declarations

In a positive note for shareholders, the board declared a standard quarterly cash dividend of $0.24 per common share, scheduled for payment on June 15, 2026, for those on record as of June 1, 2026. Additionally, dividends were set for the company’s preferred stocks:

• - $0.3671875 per depositary share on the 5.875% Series E Perpetual Preferred Stock.
• - $0.3515625 per depositary share on the 5.625% Series F Perpetual Preferred Stock.

These dividends reflect the company’s commitment to providing shareholder value amid a dynamic financial landscape.

Stock Repurchase Program

In a strong signal of confidence, the board authorized a stock repurchase program, allowing the buyback of up to $100 million of its common stock. This initiative increases the total buyback authorization to $214 million. This represents the company's strategy to maintain a strong share price and exhibit financial strength, while also adhering to regulatory standards for stock repurchases.

Establishment of a Technology Committee

A critical development during the meeting was the formation of a Technology Committee within the Board of Directors. This committee is set to enhance oversight regarding the bank's data management, information technology, and security measures, ensuring robust strategies are in place to manage associated risks. The establishment of this committee indicates a proactive approach to harnessing technology for future resilience and efficiency.

About Associated Banc-Corp

Associated Banc-Corp is recognized as the largest bank holding company based in Wisconsin, managing total assets around $50 billion. The bank operates over 200 banking locations throughout Wisconsin, Illinois, Iowa, Minnesota, Missouri, and Nebraska, alongside loan production offices in several other states, including Indiana and New York. Associated Bank prides itself on being an Equal Housing Lender and Member FDIC, offering a comprehensive range of financial services to its clients.

For more details on Associated Banc-Corp and its offerings, visit www.associatedbank.com.

Conclusion

As Associated Banc-Corp moves forward, these updates from the Annual Meeting reflect a commitment to solid governance, shareholder returns, and technological enhancement. Shareholders can feel optimistic about the direction in which the bank is heading, backed by strong leadership and financial strategies.