Mergers, Name Changes, and Other Corporate Activity
FCA is responsible for issuing and amending corporate charters to all Farm Credit System (FCS) institutions. Therefore, when institutions merge, change their names, and make other corporate changes, they must have these actions approved through FCA.
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.
Final Approval to Association Mergers
On December 15, 2014, the FCA Board granted final approval to a plan of merger by and between AgTexas Farm Credit Services and Great Plains AgCredit, ACA; the plan also merged the PCA and FLCA subsidiaries of the two associations. AgTexas and its subsidiaries are the continuing associations. The merger was effective January 1, 2015.
On September 24, 2014, the FCA Board granted final approval to a plan of merger by and between Farm Credit of Central Oklahoma, ACA, and Farm Credit of Western Oklahoma, ACA; the plan also merged the PCA and FLCA subsidiaries of the two associations. Farm Credit of Western Oklahoma and its subsidiaries are the continuing associations. The merger was effective October 1, 2014.
Association Name Change
On May 28, 2014, FCA approved a request from Idaho Agricultural Credit Association to change its name to Idaho AgCredit, ACA. The name change took effect on January 1, 2015. The ACA now shares the same name as its subsidiaries, Idaho AgCredit, PCA, and Idaho AgCredit, FLCA.
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, 2014, through January 1, 2015.
To locate an FCS institution or to see a map showing the FCS districts and a listing of FCS institutions, go to the FCS Directory and Map. Also see Locate a Lender, which enables potential borrowers to find their nearest FCS branch.
Page updated: January 9, 2015