AgriBank: Difference between revisions

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{{Organization
|OrganizationName=AgriBank, FCB
|OrganizationType=Co-operatives
|Mission=AgriBank, FCB aims to support the people who feed the world by providing reliable and consistent credit and financial services to Farm Credit Associations, which in turn support agriculture and rural communities. This mission focuses on enhancing the economic vitality of rural America.
|ParentOrganization=Farm Credit System
|Employees=130
|OrganizationExecutive=Chief Executive Officer
|Services=Wholesale Lending; Financial Services; Funding Solutions
|HeadquartersLocation=44.94802, -93.0957
|HeadquartersAddress=30 7th St E, Ste 1600, St Paul, MN 55101, USA
|Website=https://www.agribank.com/
}}
{{Short description|American farm lending bank}}
{{Short description|American farm lending bank}}
{{Other uses}}


{{Infobox company
| name            = AgriBank, FCB
| logo            = AgriBank-logo.png
| image            = AgriBank District Map.png
| image_alt        = A map highlighting, in various colors and patterns, most of the states of Arkansas, Illinois, Indiana, Iowa, Michigan, Minnesota, Missouri, Nebraska, North Dakota, South Dakota, Tennessee, Wisconsin, Wyoming, Kentucky, and Ohio.
| image_caption    = Charter territory
| type            = {{Unbulleted list|[[Bank]]|[[Government-sponsored enterprise]]}}
| traded_as        =
| hq_location_city = [[Saint Paul, Minnesota|St. Paul, Minnesota]]
| key_people      = Jeff Swanhorst, CEO
| industry        = {{Unbulleted list|[[Agribusiness]]|[[Financial services]]}}
| net_income      = {{increase}} US$ 873.3 million
| net_income_year  = 2023
| assets          = {{increase}} US$ 176.4 billion
| assets_year      = 2023
| equity          = {{increase}} US$ 8.5 billion
| equity_year      = 2023
| homepage        = {{Url|info.agribank.com|agribank.com}}
| foundation      =
}}


'''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 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 is owned by member associations, which are owned by agricultural borrowers.<ref>{{Cite web |last=Kohn |first=Natalie McGarry and Donald |date=2012-11-06 |title=Farm Credit System Liquidity and Access to a Lender of Last Resort |url=https://www.brookings.edu/research/farm-credit-system-liquidity-and-access-to-a-lender-of-last-resort/ |access-date=2022-05-23 |website=Brookings |language=en-US}}</ref> In 2011, it relocated its headquarters to Wells Fargo Place in downtown St. Paul, Minnesota.<ref>{{Cite web |last=Black |first=Sam |date=January 7, 2011 |title=AgriBank relocating in downtown St. Paul to Wells Fargo Place |url=https://www.bizjournals.com/twincities/print-edition/2011/01/07/agribank-relocating-in-downtown-st.html |access-date=2022-05-23 |website=www.bizjournals.com}}</ref>
 
Leadership includes an 17-seat board of directors and an executive team based in St. Paul. Directors serve 4-year terms.
 
{{Official URL (simple)|url=https://www.agribank.com/}}
 
==Mission==
 
AgriBank aims to expertly and reliably obtain funds, providing funding and financial solutions to Farm Credit Associations. These associations, in turn, offer loans and financial services to farmers, ranchers, and rural businesses, thereby supporting the agricultural sector and rural America's economic growth.<ref>{{cite web |url=https://www.agribank.com/about/ |title=About |publisher=AgriBank |access-date=January 27, 2025}}</ref>
 
==Parent organization==
 
AgriBank operates within the **Farm Credit System**, a national network of customer-owned lending institutions dedicated to serving the financing needs of agricultural and rural communities.<ref>{{cite web |url=https://www.farmcredit.com/ |title=Farm Credit System |publisher=Farm Credit System |access-date=January 27, 2025}}</ref>
 
==Legislation==
 
AgriBank's creation was the result of mergers among regional Farm Credit Banks, notably the 1992 merger of the Farm Credit Bank of Saint Louis and Farm Credit Bank of Saint Paul, but specific legislation authorizing these mergers is not detailed in the available references.
 
==Partners==
 
AgriBank collaborates with various Farm Credit Associations across its 15-state district.
 
==Number of employees==
 
AgriBank employs approximately 130 dedicated professionals.<ref>{{cite web |url=https://www.linkedin.com/company/agribank/ |title=AgriBank (St. Paul, MN) |publisher=LinkedIn |access-date=January 27, 2025}}</ref>
 
==Organization structure==
 
AgriBank has a structure focused on supporting its mission:
 
===Leader===
 
The organization is led by a **Chief Executive Officer**.<ref>{{cite web |url=https://www.linkedin.com/company/agribank/ |title=AgriBank (St. Paul, MN) |publisher=LinkedIn |access-date=January 27, 2025}}</ref>
 
===Divisions===
 
* Credit Division for managing lending operations.
* Treasury and Finance Operations to handle funding and financial strategy.<ref>{{cite web |url=https://www.agribank.com/about/ |title=About |publisher=AgriBank |access-date=January 27, 2025}}</ref>
 
==List of programs==
 
* Wholesale Funding for Farm Credit Associations.
* Capital Markets for managing investments and funding.
 
==Last total enacted budget==
 
Specific budget figures for AgriBank are not publicly available from the references provided.
 
==Staff==
 
AgriBank has around 130 employees, primarily based in St. Paul, Minnesota, working to support agriculture through financial services.<ref>{{cite web |url=https://www.linkedin.com/company/agribank/ |title=AgriBank (St. Paul, MN) |publisher=LinkedIn |access-date=January 27, 2025}}</ref>
 
==Funding==
 
AgriBank's funding comes from its operations within the Farm Credit System, where it secures funds from capital markets and provides them as wholesale lending to local associations.
 
==Services provided==
 
AgriBank provides wholesale lending, financial services, and funding solutions to Farm Credit Associations, enabling them to offer loans, credit, and financial support to farmers, ranchers, and rural businesses. This includes credit, treasury, finance, and risk management services.<ref>{{cite web |url=https://www.agribank.com/about/ |title=About |publisher=AgriBank |access-date=January 27, 2025}}</ref>
 
==Regulations overseen==
 
As part of the Farm Credit System, AgriBank operates under the oversight of the Farm Credit Administration but does not directly oversee regulations itself.
 
==Headquarters address==
 
30 7th St E, Ste 1600, St Paul, MN 55101, USA


AgriBank is owned by member associations, which are owned by agricultural borrowers.<ref>{{Cite web |last=Kohn |first=Natalie McGarry and Donald |date=2012-11-06 |title=Farm Credit System Liquidity and Access to a Lender of Last Resort |url=https://www.brookings.edu/research/farm-credit-system-liquidity-and-access-to-a-lender-of-last-resort/ |access-date=2022-05-23 |website=Brookings |language=en-US}}</ref> In 2011, it relocated its headquarters to [[Wells Fargo Place]] in downtown [[St. Paul, Minnesota]].<ref>{{Cite web |last=Black |first=Sam |date=January 7, 2011 |title=AgriBank relocating in downtown St. Paul to Wells Fargo Place |url=https://www.bizjournals.com/twincities/print-edition/2011/01/07/agribank-relocating-in-downtown-st.html |access-date=2022-05-23 |website=www.bizjournals.com}}</ref>
==History==


Leadership includes an 17-seat [[Board of Directors|board of directors]] and an executive team based in St. Paul. Directors serve 4-year terms.
AgriBank was formed through a series of mergers, with significant activity in 1992 when the Farm Credit Bank of Saint Louis and Farm Credit Bank of Saint Paul merged. This institution has since expanded its territory to cover 15 states, focusing on providing financial services to support agriculture.<ref>{{cite web |url=https://en.wikipedia.org/wiki/AgriBank |title=AgriBank - Wikipedia |access-date=January 27, 2025}}</ref>


== History ==
AgriBank is the product of mergers of several regional Farm Credit Banks:
AgriBank is the product of mergers of several regional Farm Credit Banks:


Line 36: Line 94:
* 1994 merger of the Farm Credit Bank of Spokane and Farm Credit Bank of Omaha to form AgAmerica Farm Credit Bank.<ref>{{Cite web | title = Agamerica To Leave Spokane After 73 Years, Farm Credit Bank Moves To Sacramento In March |website=Spokesman.com |date=December 7, 1996 | access-date = 2015-01-08 | url = http://www.spokesman.com/stories/1996/dec/07/agamerica-to-leave-spokane-after-73-years-farm/ }}</ref>
* 1994 merger of the Farm Credit Bank of Spokane and Farm Credit Bank of Omaha to form AgAmerica Farm Credit Bank.<ref>{{Cite web | title = Agamerica To Leave Spokane After 73 Years, Farm Credit Bank Moves To Sacramento In March |website=Spokesman.com |date=December 7, 1996 | access-date = 2015-01-08 | url = http://www.spokesman.com/stories/1996/dec/07/agamerica-to-leave-spokane-after-73-years-farm/ }}</ref>
* 2003 merger with AgAmerica Farm Credit Bank.
* 2003 merger with AgAmerica Farm Credit Bank.
==External links==
* [https://www.agribank.com/ Official Website]
* [[wikipedia:AgriBank]]
* [https://www.farmcredit.com/ Farm Credit System]
==References==
<references />


==References==
==References==

Latest revision as of 22:00, 27 January 2025

AgriBank
Type: Co-operatives
Parent organization: Farm Credit System
Employees: 130
Executive: Chief Executive Officer
Budget:
Address: 30 7th St E, Ste 1600, St Paul, MN 55101, USA
Website: https://www.agribank.com/
Creation Legislation:
Wikipedia: AgriBankWikipedia Logo.png
AgriBank
This map created from a Cargo query (Purge)
Mission
AgriBank, FCB aims to support the people who feed the world by providing reliable and consistent credit and financial services to Farm Credit Associations, which in turn support agriculture and rural communities. This mission focuses on enhancing the economic vitality of rural America.
Services

Wholesale Lending; Financial Services; Funding Solutions

Regulations


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.

Official Site

Mission

AgriBank aims to expertly and reliably obtain funds, providing funding and financial solutions to Farm Credit Associations. These associations, in turn, offer loans and financial services to farmers, ranchers, and rural businesses, thereby supporting the agricultural sector and rural America's economic growth.[4]

Parent organization

AgriBank operates within the **Farm Credit System**, a national network of customer-owned lending institutions dedicated to serving the financing needs of agricultural and rural communities.[5]

Legislation

AgriBank's creation was the result of mergers among regional Farm Credit Banks, notably the 1992 merger of the Farm Credit Bank of Saint Louis and Farm Credit Bank of Saint Paul, but specific legislation authorizing these mergers is not detailed in the available references.

Partners

AgriBank collaborates with various Farm Credit Associations across its 15-state district.

Number of employees

AgriBank employs approximately 130 dedicated professionals.[6]

Organization structure

AgriBank has a structure focused on supporting its mission:

Leader

The organization is led by a **Chief Executive Officer**.[7]

Divisions

  • Credit Division for managing lending operations.
  • Treasury and Finance Operations to handle funding and financial strategy.[8]

List of programs

  • Wholesale Funding for Farm Credit Associations.
  • Capital Markets for managing investments and funding.

Last total enacted budget

Specific budget figures for AgriBank are not publicly available from the references provided.

Staff

AgriBank has around 130 employees, primarily based in St. Paul, Minnesota, working to support agriculture through financial services.[9]

Funding

AgriBank's funding comes from its operations within the Farm Credit System, where it secures funds from capital markets and provides them as wholesale lending to local associations.

Services provided

AgriBank provides wholesale lending, financial services, and funding solutions to Farm Credit Associations, enabling them to offer loans, credit, and financial support to farmers, ranchers, and rural businesses. This includes credit, treasury, finance, and risk management services.[10]

Regulations overseen

As part of the Farm Credit System, AgriBank operates under the oversight of the Farm Credit Administration but does not directly oversee regulations itself.

Headquarters address

30 7th St E, Ste 1600, St Paul, MN 55101, USA

History

AgriBank was formed through a series of mergers, with significant activity in 1992 when the Farm Credit Bank of Saint Louis and Farm Credit Bank of Saint Paul merged. This institution has since expanded its territory to cover 15 states, focusing on providing financial services to support agriculture.[11]

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.[12]
  • 2003 merger with AgAmerica Farm Credit Bank.

External links

References

  1. ↑ 1.0 1.1 1.2 "About banks & associations | Farm Credit Administration". https://www.fca.gov/bank-oversight/about-banks-and-associations. 
  2. ↑ 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/. 
  3. ↑ 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. 
  4. ↑ "About". AgriBank. https://www.agribank.com/about/. 
  5. ↑ "Farm Credit System". Farm Credit System. https://www.farmcredit.com/. 
  6. ↑ "AgriBank (St. Paul, MN)". LinkedIn. https://www.linkedin.com/company/agribank/. 
  7. ↑ "AgriBank (St. Paul, MN)". LinkedIn. https://www.linkedin.com/company/agribank/. 
  8. ↑ "About". AgriBank. https://www.agribank.com/about/. 
  9. ↑ "AgriBank (St. Paul, MN)". LinkedIn. https://www.linkedin.com/company/agribank/. 
  10. ↑ "About". AgriBank. https://www.agribank.com/about/. 
  11. ↑ "AgriBank - Wikipedia". https://en.wikipedia.org/wiki/AgriBank. 
  12. ↑ "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/. 

References

Further reading

External links

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