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. The following information describes corporate changes that occurred in the quarter that ended on June 30, 2019.
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.
Corporate changes for quarter ended June 30
On June 28, 2019, FCA granted final approved to the plan of combination of Farm Credit Services of Hawaii, ACA and its wholly owned subsidiaries with American AgCredit, ACA and its wholly owned subsidiaries. The resulting institution will be American AgCredit, ACA, and its wholly owned subsidiaries, American AgCredit, PCA, American AgCredit, FLCA, Farm Credit Services of Hawaii, PCA, and Farm Credit Services of Hawaii, FLCA . The change took effect on July 1, 2019.
For corporate changes for previous quarters, go to the report archives.
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.
-
Type Total ACAs FLCAs ACB FCBs District CoBank, ACB 21
-
1
-
22
FCB of Texas 13
1
-
1
15
AgriBank, FCB 14
-
-
1
15
AgFirst FCB
19
-
-
1
20
July 1, 2019 67
1
1
3
72
January 1, 2019 68
1
1
3
73
Increase/Decrease (1)
-
-
-
(1)
- ACA = Agricultural Credit Association. Each ACA has a Production Credit Association subsidiary and a Federal Land Credit Association subsidiary.
- FLCA = Federal Land Credit Association. The FLCAs listed in the table above are stand-alone institutions.
- ACB = Agricultural Credit Bank. The ACB in the table above contains a Farm Credit Bank subsidiary. An ACB has the authority to serve cooperatives nationwide and affiliated ACAs and FLCAs within its chartered territory.
- FCB = Farm Credit Bank. An FCB has the authority to serve affiliated ACAs and FLCAs within its chartered territory.
Source: FCA, Office of Regulatory Policy.
Note: This table is also available as a PDF file. For information dating back to 2003, go to archives.
-
January 1, 2019 – July 1, 2019 Effective Date Corporate Activity Affiliated Bank and Institutions Chartered Name of Resulting Institution Headquarters Location 7/01/2019 Combination CoBank, FCB - American AgCredit, ACA and its subsidiaries
- Farm Credit Services of Hawaii, ACA and its subsidiaries
American AgCredit, ACA - American AgCredit, PCA
- American AgCredit, FLCA
- Farm Credit Services of Hawaii, PCA
- Farm Credit Services of Hawaii, FLCA
Santa Rosa, County of Sonoma, California Note: This table is also availabe as a PDF file. For Board approval information dating back to 2003, go to archives.
