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.
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.
Two Associations Affiliated with the Farm Credit Bank of Texas Merge
A merger of AgCredit of South Texas, ACA, into Texas AgFinance, Farm Credit Services, became effective on July 1, 2010, following approval by the voting stockholders of each association. In addition, the PCA and FLCA subsidiaries of South Texas merged into the PCA and FLCA subsidiaries of Texas AgFinance.
FCA had granted final approval of the merger on June 28, having granted preliminary approval on April 26. As part of the merger, the charters for Texas AgFinance and its subsidiaries were amended to include the territory of AgCredit of South Texas and its subsidiaries.
Texas AgFinance is located in Robstown, Texas; AgCredit of South Texas was located in Weslaco.
Pending Applications
As of July 1, 2010, two merger applications, each involving two ACAs affiliated with the Farm Credit Bank of Texas, are pending consideration or action by the FCA Board.
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 Banks and Associations.
See FCA Board Approvals of FCS Corporate Applications for a summary of corporate activity from January 1 through July 1, 2010.
To locate an FCS institution or to see a map showing the FCS districts, go to the FCS Directory and Map.