Mergers, Name Changes, and Other Corporate Activity
FCA is responsible for issuing and amending corporate charters to all Farm Credit System (FCS) institutions. Therefore, when institutions merge, change their names, and make other corporate changes, they must have these actions approved through FCA. The following information describes corporate changes that occurred in the quarter that ended on December 31, 2016.
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.
Two Associations Merge
On December 27, the FCA Board granted final approval to the request to merge Farm Credit of Southwest Kansas, ACA, and its subsidiaries, with and into American AgCredit, ACA, and its subsidiaries. American AgCredit, ACA, including its subsidiaries, will be the continuing association, and its name will be American AgCredit, ACA. The merger took effect on January 1, 2017.
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, 2016, through January 1, 2017.
To locate an FCS institution or to see a map showing the FCS districts and a listing of FCS institutions, go to the FCS Directory and Map. Also see Locate a Lender, which enables potential borrowers to find their nearest FCS branch.
Page updated: January 23, 2017