AgCountry Farm Credit Services and Farm Credit Services of North Dakota have announced the approval of a joint board resolution to merge their institutions into one. Following a review and approval by Farm Credit Administration, the merger vote will go to stockholders for a final vote.
The combined association would operate under the AgCountry Farm Credit Services brand name. Pending approval, the association would operate under the management of AgCountry CEO Marc Knisely, effective January 1, 2022.
"This is a strategic merger for both associations," said AgCountry Board Chair Ed Hegland. "Our board has worked diligently to determine how best to support the long-term success of our members, the cooperative, and the communities we serve. Next, we will need our shareholders to play their important role for our cooperative--review the merger packet that will be mailed following FCA approval and cast their vote."
AgCountry is a member-owned, locally-governed lending institution that provides credit, financial and insurance services to farmers, ranchers and agribusinesses in eastern North Dakota, western Minnesota and central Wisconsin.
Categories: Wisconsin, Business