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 March 31, 2020.
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 March 31
During the second quarter of FY 2020, a new service corporation was established: SunStream Business Services. The purpose of the corporation is to provide back-end business and technology services to certain System institutions. It is owned by AgriBank and some of its affiliated associations.
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.
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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
April 1, 2020 67
1
1
3
72
January 1, 2020 67
1
1
3
72
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, 2020 – April 1, 2020 Effective date 2/1/2020; 4/1/2020 (operational date) Corporate activity Creation of service corporation Affiliated bank and institution AgriBank, FCB Chartered name of resulting institution SunStream Business Services Headquarters location St. Paul, County of Ramsey, Minnesota Note: This table is also availabe as a PDF file. For Board approval information dating back to 2003, go to archives.
