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Mergers, Name Changes, and Other Corporate Activity

FCA is responsible for issuing 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.

Recent Activity
On February 14, 2008, the FCA Board preliminarily approved a proposed merger between Sacramento Valley Farm Credit, an Agricultural Credit Association, in Woodland, California, and Farm Credit West, ACA, in Visalia, California. If the merger occurs between the two ACAs, the wholly owned subsidiaries of the two associations will also merge.

On March 7, the voting stockholders of the two ACAs approved the proposed merger.  There is a 30-day waiting period during which the voting stockholders of either association can petition FCA for a reconsideration of the affirmative merger vote. If no petition is filed, FCA expects to issue a final approval of the merger, which would take effect at the close of business on April 30, 2008.

Farm Credit West, ACA, the continuing association, plans to move its headquarters to Roseville in Placer County, California.

Additional Information
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 Institutions.

See FCA Board Approvals of FCS Corporate Applications for corporate activity since January 1, 2008.

To locate an FCS institution or to see a map showing the FCS districts, go to the FCS Directory and Map.