Effective July 1, 2000, Central Maryland Farm Credit, ACA; Chesapeake Farm Credit, ACA; Delaware Farm Credit, ACA; Keystone Farm Credit, ACA; and Marva Farm Credit, ACA, consolidated to form the MidAtlantic Farm Credit, ACA.
Effective January 1, 2002, MidAtlantic Farm Credit, ACA was restructured and became the parent entity to MidAtlantic Farm Credit, FLCA and MidAtlantic Farm Credit, PCA. All three associations are subject to FCA Conditions of Approval, also effective January 1, 2002. Pursuant to FCA's Conditions of Approval, FCA will treat the ACA and its subsidiary associations on a consolidated basis for regulatory purposes as the FCA deems appropriate.
Effective December 31, 2008, Valley Farm Credit, ACA, and its subsidiaries, Valley Farm Credit, PCA, and Valley Farm Credit, FLCA, merged with and into MidAtlantic Farm Credit, ACA, and its subsidiaries, MidAtlantic Farm Credit, PCA, and MidAtlantic Farm Credit, FLCA, respectively. The FCA canceled the charters of Valley Farm Credit, ACA, Valley Farm Credit, PCA, and Valley Farm Credit, FLCA on December 31, 2008. MidAtlantic Farm Credit, ACA, and its subsidiaries, MidAtlantic Farm Credit, PCA, and MidAtlantic Farm Credit, FLCA, are the continuing associations and remain subject to FCA Conditions of Approval, which took effect January 1, 2002. Under FCA’s Conditions of Approval, FCA will continue to treat the continuing ACA and its subsidiary associations on a consolidated basis for regulatory purposes as FCA considers appropriate.
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