Stockholders approve merger of farm credit associations
FARGO, ND - Stockholders have approved a merger proposal bringing together two Farm Credit organizations serving Minnesota, North Dakota and Wisconsin. AgCountry Farm Credit Services and United FCS will merge under the name AgCountry Farm Credit Services, beginning July 1.
The new organization will operate in 65 counties through 38 offices in parts of Minnesota, North Dakota and Wisconsin. Headquartered in Fargo, N.D., the Association will serve nearly 18,000 customer-members, and have approximately $7.2 billion in assets.
“We believed from the beginning that the culture, values, and vision of both cooperatives made this a natural fit,” said Greg Nelson and Brad Sunderland, – who serve as board chairs for AgCountry Farm Credit Services and United FCS, respectively. “We would like to thank the stockholders from both organizations for their participation in the voting process and recognizing that this merger will help us better serve agriculture and rural America.”
“Since merger discussions began last year, our goal has been to build on the strengths of both organizations to best serve the needs of our members,” says Bob Bahl, AgCountry CEO. “In merging these two associations, we are positioned for even greater success and a strong, bright future.”