Associated Announces Dividends and New $120 Million Share Repurchase Program

The Board of Directors of Associated Banc-Corp

has declared a regular quarterly cash dividend of $0.08 per common share, payable on September 16, 2013, to shareholders of record at the close of business on September 3, 2013. The Board of Directors has also declared a regular quarterly cash dividend of $0.50 per depositary share on Associated Banc-Corp's 8.00% Series B Perpetual Preferred Stock to shareholders of record at the close of business on September 3, 2013, with the dividend payable date of September 15, 2013, and an actual payment date of September 16, 2013. The Board also authorized the repurchase of up to $120 million of Associated Banc-Corp's common stock. This repurchase authorization is in addition to the $35 million remaining under the previously authorized common stock repurchase program announced on November 13, 2012. Repurchases under such programs are subject to regulatory approval and may occur from time to time in open market purchases, block transactions, private transactions, accelerated share repurchase programs or similar facilities. The Board also authorized the following, subject to regulatory approval where applicable: the redemption of all of Associated Banc-Corp's 9.250% Subordinated Notes due 2018 at the first redemption date; and the purchase of up to $10 million of Associated Banc-Corp's 8.0% Perpetual Preferred Stock, Series B. ABOUT ASSOCIATED BANC-CORP Associated Banc-Corp

has total assets of $24 billion and is one of the top 50, publicly traded, U.S. bank holding companies. Headquartered in Green Bay, Wis., Associated is a leading Midwest banking franchise, offering a full range of financial products and services through approximately 240 banking locations serving more than 150 communities throughout Wisconsin, Illinois and Minnesota, and commercial financial services in Indiana, Michigan, Missouri, Ohio and Texas. Associated Bank, N.A. is an Equal Housing Lender, Equal Opportunity Lender and Member FDIC. More information about Associated Banc-Corp is available at www.associatedbank.com.