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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 (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 September 30, 2017.

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.

FCA Grants Final Approval for Merger of Associations
On September 29, 2017, the FCA Board granted final approval to the request to merge Farm Credit of Ness City, FLCA, with and into High Plains Farm Credit, FLCA, a wholly owned subsidiary of High Plains Farm Credit, ACA. High Plains Farm Credit, ACA, including its subsidiaries, is the continuing association, and its name will be High Plains Farm Credit, ACA. The merger is effective October 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 three 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, 2017, through October 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: October 5, 2017