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, 2018.
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.
Name change takes effect
On November 8, 2017, FCA approved the request to change the name of Progressive Farm Credit Services, ACA, and its subsidiaries, to Farm Credit Southeast Missouri. The change took effect on January 1, 2018.
Below is the number of banks and associations in the FCS, how they are classified, and how their numbers have changed over the past three months.
Also below, FCA board approvals of FCS corporate applications for a summary of corporate activity from January 1, 2018 – July 1, 2018.
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.
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Type Total ACAs FLCAs ACB FCBs District CoBank, ACB 22
-
1
-
23
FCB of Texas 13
1
-
1
15
AgriBank, FCB 14
-
-
1
15
AgFirst FCB
19
-
-
1
20
July 1, 2018 68
1
1
3
73
January 1, 2018 68
1
1
3
73
Increase/Decrease -
-
-
-
-
- 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.
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January 1, 2018 – July 1, 2018 Effective Date Corporate Activity Affiliated Bank and Institutions Chartered Name of Resulting Institution Headquarters Location 1/01/2018 Name change AgriBank, FCB - Progressive Farm Credit Services, ACA and its subsidiaries
Farm Credit Southeast Missouri, ACA - Farm Credit Southeast Missouri, PCA
- Farm Credit Southeast Missouri, FLCA
Sikeston, County of Scott, Missouri Note: This table is also availabe as a PDF file. For Board approval information dating back to 2003, go to archives.
