Associated Banc-Corp (ASB) Announces Proposed 11.5M Share Offering

Associated Banc-Corp (NYSE: ASB) today announced a proposed public offering of 11,500,000 shares of its common stock, $0.01 par value (the "Common Stock").

In addition, Associated Banc-Corp ("Associated") expects to grant the underwriters for the offering an option to purchase up to an additional 1,725,000 shares of its Common Stock sold in the offering for 30 days following the date of the pricing of the offering.

Associated expects to use the net proceeds from this offering for general corporate purposes to support continued organic growth and capital generation, which may include investments in Associated Bank, N.A. and potential balance sheet optimization strategies.

BofA Securities and J.P. Morgan are acting as joint book-running managers for the offering.

The Common Stock will be issued pursuant to an effective shelf registration statement (File No. 333- 280004) and a preliminary prospectus supplement filed with the Securities and Exchange Commission (the "SEC"), and a final prospectus supplement to be filed with the SEC.

Copies of the registration statement, the preliminary prospectus supplement and the accompanying base prospectus relating to the Common Stock offering can be obtained without charge by visiting the SEC's website at www.sec.gov, or by contacting BofA Securities, 201 North Tryon Street, Charlotte, NC 28255 or by email at [email protected] or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at [email protected] and [email protected].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the Common Stock in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offering of the Common Stock is being made only by means of a written prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

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