Associated Banc-Corp to Attend Four Second Quarter Investor Events

Rhea-AI Summary

Five Rivers Cattle Feeding and Viserion Grain have formed a new partnership called 5V, announcing plans to build a state-of-the-art shuttle train receiver in Dalhart, Texas. The facility, set to begin operations in 2026, will address growing feed ingredient deficits in the Texas Panhandle region.

The project will be strategically connected to Union Pacific, which is investing over $10 million daily in infrastructure and network expansion. Union Pacific's Senior VP Jason Hess emphasized their commitment to providing solutions for customers in the growing agriculture market.

The initiative is backed by Pinnacle Asset Management, a New York-based alternative asset management firm. This development aims to enhance local feed supply, create jobs, and strengthen the region's agricultural capabilities. The Texas Panhandle, being a major hub for cattle feeding, dairy production, and grain merchandising, will benefit from this strategic investment in local agriculture.

Positive

• Creation of new jobs in the Texas Panhandle
• Enhancement of local feed supply chain
• Strategic partnership with Union Pacific Railroad
• Significant infrastructure investment in agricultural capabilities
• Support for local agricultural community growth

Negative

• Project completion not until 2026
• Potential impact on existing local grain suppliers
• Large-scale infrastructure investment required

GREEN BAY, Wis., April 22, 2025 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) announced today that Management expects to meet with investors during the following events in the second quarter of 2025:

• Piper Sandler Upper Midwest Bank Forum in Minneapolis, MN on April 30, 2025
• 2025 RBC Capital Markets US Banks Fixed Income Investor Symposium (virtual) on May 1, 2025
• 2025 Wells Fargo Financial Services Conference in Chicago, IL on May 13-14, 2025
• Citi's 2025 Regional Bank Access Day in New York, NY on June 12, 2025

Additional information for investors can be accessed via Associated Banc-Corp's Investor Relations website at http://investor.associatedbank.com. 

ABOUT ASSOCIATED BANC-CORP
Associated Banc-Corp (NYSE: ASB) has total assets of $43 billion and is the largest bank holding company based in Wisconsin. Headquartered in Green Bay, Wisconsin, Associated is a leading Midwest banking franchise, offering a full range of financial products and services from nearly 200 banking locations serving more than 100 communities throughout Wisconsin, Illinois, Minnesota and Missouri. The company also operates loan production offices in Indiana, Kansas, Michigan, New York, 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.

FORWARD-LOOKING STATEMENTS
Statements made in this release which are not purely historical are forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. This includes any statements regarding management's plans, objectives, or goals for future operations, products or services, and forecasts of its revenues, earnings, or other measures of performance. Such forward-looking statements may be identified by the use of words such as "believe," "expect," "anticipate," "plan," "estimate," "should," "intend," "target," "outlook," "project," "guidance," "forecast," or similar expressions. Forward-looking statements are based on current management expectations and, by their nature, are subject to risks and uncertainties. Actual results may differ materially from those contained in the forward-looking statements. Factors which may cause actual results to differ materially from those contained in such forward-looking statements include those identified in the Company's most recent Form 10-K and subsequent SEC filings. Such factors are incorporated herein by reference.

Investor Contact: Ben McCarville
Senior Vice President | Director of Investor Relations
920-491-7059

Media Contact: Andrea Kozek
Vice President | Public Relations Senior Manager
920-491-7518

FAQ

When will the new 5V shuttle train receiver facility in Dalhart, Texas begin operations?

The shuttle train receiver facility is scheduled to commence operations in 2026.

What is the main purpose of the 5V partnership in the Texas Panhandle?

The partnership aims to enhance local feed supply, create jobs, and strengthen agricultural capabilities by constructing a state-of-the-art shuttle train receiver facility.

How much is Union Pacific investing in infrastructure for agricultural supply chain logistics?

Union Pacific is investing more than $10 million per day in infrastructure, technology, and network expansion.

Who are the key partners involved in the 5V project?

The key partners are Five Rivers Cattle Feeding, Viserion Grain (a subsidiary of Viserion International), and Union Pacific Railroad, with backing from Pinnacle Asset Management.

What impact will the 5V facility have on the Texas Panhandle region?

The facility will address feed ingredient deficits, create job opportunities, and support the region's cattle feeding, dairy production, and grain merchandising operations.