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Mergers, Name Changes, and Other Corporate Activity

FCA is responsible for issuing and amending corporate charters to all Farm Credit System institutions. Therefore, when institutions merge, change their names, and make other corporate changes, they must have these actions approved through FCA.

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.

Pending Application
On June 27, 2014, AgTexas Farm Credit Services, ACA, and its subsidiaries, and Great Plains AgCredit, ACA, and its subsidiaries requested that FCA grant preliminary approval to a proposed plan of merger by and between the associations.

Preliminary Approval of Association Merger
On June 30, 2014, the FCA Board granted preliminary approval to a plan of merger by and between Farm Credit of Central Oklahoma, ACA, and its subsidiaries, and Farm Credit of Western Oklahoma, ACA, and its subsidiaries. Farm Credit of Western Oklahoma, ACA, and its subsidiaries will be the continuing associations. The merger will be effective October 1, 2014.

Association Name Changes
On May 28, 2014, FCA approved a request from the Idaho Agricultural Credit Association to change its name to Idaho AgCredit, ACA. When the name change takes effect on January 1, 2015, the ACA will share the same name as its subsidiaries, Idaho AgCredit, PCA, and Idaho AgCredit, FLCA.

On November 21, 2013, FCA approved the request from Farm Credit Services of Illinois, ACA, to change its name to Farm Credit Illinois, ACA. The name change took effect on January 1, 2014. The names of its subsidiaries also changed.

Additional Information
To find out the number of banks and associations in the FCS, how they are classified, and how their numbers have changed over the past 12 months, see Number of FCS Banks and Associations by Type and District.

See FCA Board Approvals of FCS Corporate Applications for a summary of corporate activity from January 1 through July 1, 2014.

To locate an FCS institution or to see a map showing the FCS districts, go to the FCS Directory and Map. Also see Locate a Lender, which enables potential borrowers to find their nearest FCS branch.

 

Page updated: July 3, 2014