AgriBank
From Wikipedia, the free encyclopedia
AgriBank, FCB, based in Saint Paul, Minnesota, is a financial institution, part of the Farm Credit System lending to Farm Credit Services organizations serving Arkansas, Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Missouri, Nebraska, North Dakota, Ohio, South Dakota,Tennessee, Wisconsin, and Wyoming. AgriBank with over $35 billion in assets and over $2 billion in equity is owned by the Seventh District Farm Credit Services Associations. Like other Farm Credit Banks, it generates funds from selling bonds backed by the federal government. It does not lend directly to borrowers, but to local associations.
[edit] Mergers
AgriBank is the product of mergers of several regional Farm Credit Banks.
- 1992 merger of the Farm Credit Bank of Saint Louis and Farm Credit Bank of Saint Paul formed AgriBank.
- 1994 merger with the Farm Credit Bank of Louisville.
- 2003 merger with AgAmerica Farm Credit Bank.
