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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.

Preliminary Approval to Association Mergers
On August 21, FCA granted preliminary approval to a plan of merger by and between AgTexas Farm Credit Services and Great Plains AgCredit, ACA; the plan would also merge the PCA and FLCA subsidiaries of the two associations. If all conditions for final approval are met, the effective date of the merger will be January 1, 2015, and AgTexas and its subsidiaries will be the continuing associations.

Final Approval to Association Mergers
On September 24, the FCA Board granted final approval to a plan of merger by and between Farm Credit of Central Oklahoma, ACA, and Farm Credit of Western Oklahoma, ACA; the plan also merged the PCA and FLCA subsidiaries of the two associations. The merger took effect on October 1; Farm Credit of Western Oklahoma and its subsidiaries were the continuing associations.

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 October 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: October 15, 2014