AgriBank

Last updated
AgriBank, FCB
Company type
Industry
Headquarters
St. Paul, Minnesota
Key people
Jeff Swanhorst, CEO
Increase2.svg US$ 873.3 million (2023)
Total assets Increase2.svg US$ 176.4 billion (2023)
Total equity Increase2.svg US$ 8.5 billion (2023)
Website agribank.com

AgriBank, part of the US Farm Credit System, serves as a wholesale lender and a farm credit bank [1] (FCB) to a 15-state network of local farm credit associations in a district that stretches from Ohio to Wyoming and Minnesota to Arkansas. AgriBank is the second largest of the four banks in the Farm Credit System [1] and has over $150 billion in assets. Like AgFirst Farm Credit Bank and Farm Credit Bank of Texas, Agribank is organized as an FCB while CoBank, the fourth bank in the system, is organized as an agricultural credit bank (ACB). [1]

Contents

AgriBank is owned by member associations, which are owned by agricultural borrowers. [2] In 2011, it relocated its headquarters to Wells Fargo Place in downtown St. Paul, Minnesota. [3]

Leadership includes an 17-seat board of directors and an executive team based in St. Paul. Directors serve 4-year terms.

History

AgriBank is the product of mergers of several regional Farm Credit Banks:

References

  1. 1 2 3 "About banks & associations | Farm Credit Administration". www.fca.gov. Retrieved 2022-05-23.
  2. ↑ Kohn, Natalie McGarry and Donald (2012-11-06). "Farm Credit System Liquidity and Access to a Lender of Last Resort". Brookings. Retrieved 2022-05-23.
  3. ↑ Black, Sam (January 7, 2011). "AgriBank relocating in downtown St. Paul to Wells Fargo Place". www.bizjournals.com. Retrieved 2022-05-23.
  4. ↑ "Agamerica To Leave Spokane After 73 Years, Farm Credit Bank Moves To Sacramento In March". Spokesman.com. December 7, 1996. Retrieved 2015-01-08.

Further reading

This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.