Mergers, Name Changes, and Other Corporate Activity
FCA is responsible for issuing and amending corporate charters to all Farm Credit System institutions. Therefore, when institutions merge, change their names, and make other corporate changes, they must have these actions approved through FCA.
- On August 26, 2013, Farm Credit East, ACA, and Farm Credit of Maine, ACA, requested that FCA grant preliminary approval to a proposed plan of merger by and between the associations.
- On August 23, Texas AgFinance Farm Credit Services, ACA, and AgriLand Farm Credit Services, ACA, requested that FCA grant preliminary approval to a proposed plan of merger by and between the associations.
Preliminary Approval to Association Merger
On September 12, the FCA Board granted preliminary approval of the plan to merge Lone Star, ACA, and Texas Land Bank, ACA. If all requirements for final approval are met, the merger will take effect January 1, 2014. Lone Star, ACA, will be the continuing association.
Note: FCA views an Agricultural Credit Association (ACA) and its Production Credit Association (PCA) and Federal Land Credit Association (FLCA) subsidiaries as a single entity for most regulatory purposes.
To find out the number of banks and associations in the FCS, how they are classified, and how their numbers have changed over the past 12 months, see Number of FCS Banks and Associations by Type and District.
See FCA Board Approvals of FCS Corporate Applications for a summary of corporate activity from January 1, 2013, through September 30, 2013.
To locate an FCS institution or to see a map showing the FCS districts, go to the FCS Directory and Map. Also see Locate a Lender, which enables potential borrowers to find their nearest FCS branch.
Page updated: October 4, 2013