Material Agreement Form 8 K

Item 1.01 Entry into a Material Definitive Agreement.

On November 18, 2024, Associated Banc-Corp (the "Company") completed its underwritten public offering of 13,800,000 shares of the Company's common stock, $0.01 par value per share (the "Common Stock") pursuant to the Company's Registration Statement on Form S-3 (File No. 333-280004) and a related prospectus, including the related preliminary and final prospectus supplements dated November 14, 2024, filed with the Securities and Exchange Commission. The Company entered into an underwriting agreement (the "Underwriting Agreement") with BofA Securities, Inc. and J.P. Morgan Securities LLC (the "Underwriters"), pursuant to which the Company issued and sold the shares of Common Stock to the Underwriters at a price to the public of $25.00 per share. The Underwriting Agreement includes customary representations, warranties and covenants by the Company. The Company also agreed to indemnify the underwriters against certain liabilities under the Securities Act of 1933, as amended. The Company granted the Underwriters an option to purchase up to 1,800,000 additional shares of Common Stock on the same terms and conditions for 30 days after the date of the prospectus, which the Underwriters exercised in full on November 15, 2024. The net proceeds to the Company from the offering are expected to be approximately $330.7 million, after deducting underwriting discounts and commissions and estimated offering expenses payable by the Company.

The foregoing description of the Underwriting Agreement is qualified in its entirety by reference to the Underwriting Agreement, a copy of which is attached hereto as Exhibit 1.1 and incorporated herein by reference. The legal opinion relating to the shares of Common Stock issued in the offering is attached hereto as Exhibit 5.1.