AgriBank: Difference between revisions
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{{Short description|American farm lending bank}} | {{Short description|American farm lending bank}} | ||
{{Other uses}} | {{Other uses}} | ||
'''AgriBank''', part of the US [[Farm Credit System]], serves as a [[Wholesale banking|wholesale lender]] and a farm credit bank<ref name=":0">{{Cite web |title=About banks & associations {{!}} Farm Credit Administration |url=https://www.fca.gov/bank-oversight/about-banks-and-associations |access-date=2022-05-23 |website=www.fca.gov}}</ref> (FCB) to a 15-state network of local farm credit associations in a district that stretches from [[Ohio]] to [[Wyoming]] and [[Minnesota]] to [[Arkansas]]. AgriBank is the second largest of the four banks in the Farm Credit System<ref name=":0" /> and has over $150 billion in assets. Like AgFirst Farm Credit Bank and Farm Credit Bank of Texas, Agribank is organized as an FCB while CoBank, the fourth bank in the system, is organized as an agricultural credit bank (ACB).<ref name=":0" /> | '''AgriBank''', part of the US [[Farm Credit System]], serves as a [[Wholesale banking|wholesale lender]] and a farm credit bank<ref name=":0">{{Cite web |title=About banks & associations {{!}} Farm Credit Administration |url=https://www.fca.gov/bank-oversight/about-banks-and-associations |access-date=2022-05-23 |website=www.fca.gov}}</ref> (FCB) to a 15-state network of local farm credit associations in a district that stretches from [[Ohio]] to [[Wyoming]] and [[Minnesota]] to [[Arkansas]]. AgriBank is the second largest of the four banks in the Farm Credit System<ref name=":0" /> and has over $150 billion in assets. Like AgFirst Farm Credit Bank and Farm Credit Bank of Texas, Agribank is organized as an FCB while CoBank, the fourth bank in the system, is organized as an agricultural credit bank (ACB).<ref name=":0" /> | ||
Revision as of 21:53, 27 January 2025
 | This page in a nutshell: American farm lending bank |
For other uses, see AgriBank (disambiguation).
AgriBank, part of the US Farm Credit System, serves as a wholesale lender and a farm credit bank[1] (FCB) to a 15-state network of local farm credit associations in a district that stretches from Ohio to Wyoming and Minnesota to Arkansas. AgriBank is the second largest of the four banks in the Farm Credit System[1] and has over $150 billion in assets. Like AgFirst Farm Credit Bank and Farm Credit Bank of Texas, Agribank is organized as an FCB while CoBank, the fourth bank in the system, is organized as an agricultural credit bank (ACB).[1]
AgriBank is owned by member associations, which are owned by agricultural borrowers.[2] In 2011, it relocated its headquarters to Wells Fargo Place in downtown St. Paul, Minnesota.[3]
Leadership includes an 17-seat board of directors and an executive team based in St. Paul. Directors serve 4-year terms.
History
AgriBank is the product of mergers of several regional Farm Credit Banks:
- 1992 merger of the Farm Credit Bank of Saint Louis and Farm Credit Bank of Saint Paul to form AgriBank.
- 1994 merger with the Farm Credit Bank of Louisville.
- 1994 merger of the Farm Credit Bank of Spokane and Farm Credit Bank of Omaha to form AgAmerica Farm Credit Bank.[4]
- 2003 merger with AgAmerica Farm Credit Bank.
References
- ↑ 1.0 1.1 1.2 "About banks & associations | Farm Credit Administration". https://www.fca.gov/bank-oversight/about-banks-and-associations.
- ↑ Kohn, Natalie McGarry and Donald (2012-11-06). "Farm Credit System Liquidity and Access to a Lender of Last Resort" (in en-US). https://www.brookings.edu/research/farm-credit-system-liquidity-and-access-to-a-lender-of-last-resort/.
- ↑ Black, Sam (January 7, 2011). "AgriBank relocating in downtown St. Paul to Wells Fargo Place". https://www.bizjournals.com/twincities/print-edition/2011/01/07/agribank-relocating-in-downtown-st.html.
- ↑ "Agamerica To Leave Spokane After 73 Years, Farm Credit Bank Moves To Sacramento In March". December 7, 1996. http://www.spokesman.com/stories/1996/dec/07/agamerica-to-leave-spokane-after-73-years-farm/.
Further reading
- Webb, Tom (February 18, 2006). "St. Paul's AgriBank empire: It's not a household name, but the St. Paul-based bank has a long reach". St. Paul Pioneer Press. http://www.twincities.com/mld/pioneerpress/13901606.htm.
External links
- Lua error in Module:Official_website at line 90: attempt to index field 'wikibase' (a nil value).
- Farm Credit Administration in the Federal Register
Lua error in Module:Authority_control at line 158: attempt to index field 'wikibase' (a nil value). Template:Bank-stub