Associated Banc-Corp Announces Comprehensive Updates from 2026 Annual Meeting: Elections, Dividends, Stock Repurchase, and Strategic Committee Formation

GREEN BAY, Wis. – April 28, 2026 – Associated Banc-Corp (NYSE: ASB), the largest bank holding company based in Wisconsin, has released a series of significant updates following its 2026 Annual Meeting of Shareholders. These developments carry substantial implications for investors and could impact the company’s stock valuation.

Key Highlights from the Annual Meeting

• Director Elections: Shareholders elected the following directors:
  • John (Jay) B. Williams, Chairman, Associated Banc-Corp and Church Mutual Insurance Company
  • Owen J. Sullivan, Vice Chairman, Associated Banc-Corp; former President and COO, NCR Corporation
  • Andrew J. Harmening, President and CEO, Associated Banc-Corp
  • Judith P. Greffin, former Chief Investment Officer, Allstate Corporation
  • Michael J. Haddad, Chair of the Board, Schreiber Foods, Inc.
  • Rodney Jones-Tyson, Global Chief Human Resources Officer, Baird Financial Group
  • Eileen A. Kamerick, Adjunct Professor of Law and Consultant
  • Wende L. Kotouc, former Executive Co-Chairperson and CEO, American National Bank; EVP, American National
  • Kristen M. Ludgate, former Strategic Advisor and Chief People Officer, HP Inc.
  • Cory L. Nettles, Founder and Managing Director, Generation Growth Capital, Inc.
  • Karen T. van Lith, Founder and CEO, APEL Worldwide, LLC
• Executive Compensation: Shareholders approved the compensation packages for named executive officers.
• Auditor Ratification: KPMG LLP was ratified as the independent accounting firm for 2026.

Board Member Retirements and Recognition

The Board recognized the retirement of three directors: R. Jay Gerken, Robert A. Jeffe, and Gale E. Klappa. In honor of their service, Associated Banc-Corp is making a \$25,000 charitable donation for each retired director to the charity of their choice. The company expressed deep appreciation for their leadership and contributions.

Dividend Announcements

• Common Stock Dividend: The Board declared a regular quarterly cash dividend of \$0.24 per common share, payable on June 15, 2026, to shareholders of record as of June 1, 2026.
• Preferred Stock Dividends:
  • 5.875% Series E Perpetual Preferred Stock: \$0.3671875 per depositary share, payable June 15, 2026, to shareholders of record on June 1, 2026.
  • 5.625% Series F Perpetual Preferred Stock: \$0.3515625 per depositary share, payable June 15, 2026, to shareholders of record on June 1, 2026.

Stock Repurchase Program Expansion

The Board has authorized a new stock repurchase program of up to \$100 million in common stock. This is in addition to the remaining authority under the previous program, bringing the total repurchase authorization to \$214 million as of April 28, 2026. Repurchases may occur via open market transactions, block trades, accelerated share repurchase programs, or similar facilities. Such programs are subject to regulatory limitations and may support share value through reduced outstanding share count and increased earnings per share.

Establishment of Technology Committee

Associated Banc-Corp’s Board has established a Technology Committee to oversee the company’s data management, information technology, information security, vendor management, and associated risk mitigation efforts. This move highlights the company’s focus on technological advancement and risk management, especially important given the increasing prevalence of cybersecurity threats and regulatory scrutiny within the banking sector.

Company Overview

Associated Banc-Corp (NYSE: ASB) manages assets of approximately \$50 billion and operates over 200 banking locations across Wisconsin, Illinois, Iowa, Minnesota, Missouri, and Nebraska, with additional loan production offices in several other states. The company is recognized as an Equal Housing Lender and Equal Opportunity Lender, and is a member of the FDIC.

Forward-Looking Statements

This release contains forward-looking statements, including expectations regarding the integration of American National Bank and realization of anticipated synergies. Such statements involve risks and uncertainties, and actual results may differ materially. Investors are encouraged to review Associated Banc-Corp’s most recent SEC filings for additional risk factors.

Disclaimer: This article is intended for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult financial professionals before making investment decisions. Associated Banc-Corp’s forward-looking statements are subject to risks and uncertainties as detailed in their SEC filings.