Company type | |
---|---|
Industry | |
Headquarters | |
Key people | Jeff Swanhorst, CEO |
US$ 873.3 million (2023) | |
Total assets | US$ 176.4 billion (2023) |
Total equity | 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]
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.
AgriBank is the product of mergers of several regional Farm Credit Banks:
Interstate 94 (I-94) is an east–west Interstate Highway connecting the Great Lakes and northern Great Plains regions of the United States. Its western terminus is just east of Billings, Montana, at a junction with I-90; its eastern terminus is in Port Huron, Michigan, where it meets with I-69 and crosses the Blue Water Bridge into Sarnia, Ontario, Canada, where the route becomes Ontario Highway 402. It thus lies along the primary overland route from Seattle to Toronto and is the only east–west Interstate Highway to have a direct connection to Canada.
The Great Northern Railway was an American Class I railroad. Running from Saint Paul, Minnesota, to Seattle, Washington, it was the creation of 19th-century railroad entrepreneur James J. Hill and was developed from the Saint Paul & Pacific Railroad. The Great Northern's route was the northernmost transcontinental railroad route in the U.S.
U.S. Route 10 or U.S. Highway 10 (US 10) is an east–west United States Numbered Highway located in the Midwest and Great Lakes regions of the U.S. Despite the "0" as the last digit in the number, US 10 is no longer a cross-country highway, and it never was a full coast-to-coast route. US 10 was one of the original long-haul highways, running from Detroit, Michigan, to Seattle, Washington, but then lost much of its length when new Interstate Highways were built on top of its right-of-way.
The Burlington Northern Railroad was a United States-based railroad company formed from a merger of four major U.S. railroads. Burlington Northern operated between 1970 and 1995.
U.S. Bancorp is an American bank holding company based in Minneapolis, Minnesota, and incorporated in Delaware. It is the parent company of U.S. Bank National Association, and is the fifth largest banking institution in the United States. The company provides banking, investment, mortgage, trust, and payment services products to individuals, businesses, governmental entities, and other financial institutions. As of 2019, it had 3,106 branches and 4,842 automated teller machines, primarily in the Western and Midwestern United States. In 2023 it ranked 149th on the Fortune 500, and it is considered a systemically important bank by the Financial Stability Board. The company also owns Elavon, a processor of credit card transactions for merchants, and Elan Financial Services, a credit card issuer that issues credit card products on behalf of small credit unions and banks across the U.S.
Agriculture and Agri-Food Canada is the department of the Government of Canada responsible for the federal regulation of agriculture, including policies governing the production, processing, and marketing of all farm, food, and agri-based products. Agriculture in Canada is a shared jurisdiction and the department works with the provinces and territories in the development and delivery of policies and programs.
The Farm Credit System (FCS) in the United States is a nationwide network of borrower-owned lending institutions and specialized service organizations. The Farm Credit System provides more than $373 billion in loans, leases, and related services to farmers, ranchers, rural homeowners, aquatic producers, timber harvesters, agribusinesses, and agricultural and rural utility cooperatives. As of 2020, the Farm Credit System provides more 44%, of the total market share of US farm business debt.
CoBank, part of the US Farm Credit System, provides loans and financial services to cooperatives, agribusinesses, rural public utilities and other farm credit associations, who collectively own CoBank. It is also an agricultural export credit agency, exclusive among banks of the Farm Credit System. This makes it an agricultural credit bank, a combination of a farm credit bank and a bank for cooperatives. It is based in Greenwood Village, Colorado, outside Denver.
AgFirst, part of the US Farm Credit System, serves as a wholesale lender and business-service provider to a network of local farm credit associations in 15 southern and eastern states, Washington, D.C., and Puerto Rico. It was formed in 1995 by the merger of the Farm Credit Bank of Baltimore and the Farm Credit Bank of Columbia. The lender is cooperatively owned by 16 local associations. These associations, operating as Farm Credit and Ag Credit associations, provide real estate and production financing to about 80,000 farmers, agribusinesses, and rural homeowners.
a U.S. AgBank, Farm Credit Bank based in Wichita, Kansas, was a financial institution, part of the Farm Credit System lending to Farm Credit Services organizations serving Arizona, California, Colorado, Hawaii, eastern Idaho, Kansas, Nevada, New Mexico, Oklahoma, Utah, and western Wyoming.
Farm Credit Bank of Texas, part of the US Farm Credit System, serves as a wholesale lender and business-service provider to 13 local borrower-owned Farm Credit associations in Alabama, Louisiana, Mississippi, New Mexico and Texas.
Cass-Clay Creamery is a creamery headquartered in Fargo, North Dakota. It was founded in 1934 in neighboring Moorhead, Minnesota. Its present-day headquarters are at 200 20th St North in Fargo. It manufactures dairy products such as milk, cream, butter, sour cream, cottage cheese, yogurt and ice cream. It also manufactured dips and juices.
John Gerard Stumpf is an American business executive and retail banker. He was the chairman and chief executive officer of Wells Fargo, one of the Big Four banks of the United States. He was named CEO in June 2007, elected to the board of directors in June 2006, and named president in August 2005. He became chairman in January 2010. Stumpf resigned as chairman and CEO of Wells Fargo on October 12, 2016, after a scandal involving customer accounts and subsequent pressure from the public and lawmakers. He was succeeded by Timothy J. Sloan.
Downtown Saint Paul is the central business district of Saint Paul, Minnesota, United States. Its boundaries are the Mississippi River to the south, University Avenue to the north, US 52 to the east, and Kellogg Boulevard to the west. It is bounded by the Dayton's Bluff, Summit-University, West Seventh, Frogtown, West Side, and Payne-Phalen neighborhoods. The West Side neighborhood is on the other side of the river, and can be accessed via the Robert Street Bridge or the Wabasha Street Bridge. Interstate 35E and Interstate 94 run through the north side of the neighborhood, providing a separation between the Minnesota State Capitol and other state government buildings with the rest of downtown.
AgStar Financial Services is a US Farm Credit System Agricultural Credit Association (ACA) that delivers a wide range of farm and rural credit programs and services in 67 counties located in Minnesota and northwest Wisconsin. AgStar provides financial products including agricultural loans, leases, crop insurance, life insurance, and home mortgages. The financial services offered include appraisals, money market accounts, online banking, and other consulting services.
Wachovia was a diversified financial services company based in Charlotte, North Carolina. Before its acquisition by Wells Fargo and Company in 2008, Wachovia was the fourth-largest bank holding company in the United States, based on total assets. Wachovia provided a broad range of banking, asset management, wealth management, and corporate and investment banking products and services. At its height, it was one of the largest providers of financial services in the United States, operating financial centers in 21 states and Washington, D.C., with locations from Connecticut to Florida and west to California. Wachovia provided global services through more than 40 offices around the world.
The Farm Credit Act of 1971 recodified all previous acts governing the Farm Credit System (FCS), a cooperatively owned government-sponsored enterprise (GSE) that provides credit primarily to farmers and ranchers.
Wells Fargo Place is an office tower in St. Paul, Minnesota, United States. It stands at 471 feet (144 m) tall, and is currently the tallest building in St. Paul. It was designed by Winsor/Faricy Architects, Inc. and WZMH Architects, and is 37 stories tall. The building opened in September 1987, a month ahead of schedule and under budget. It is a concrete and steel structure, with a facade of brown-colored granite and glass. The granite came from Finland. The building contains 156 underground parking spaces. It was formerly known as The Minnesota World Trade Center. Anthrosphere, a large sculpture by Paul Granlund, is in the lobby.
Norwest Corporation was a banking and financial services company based in Minneapolis, Minnesota, United States. In 1998, it merged with Wells Fargo & Co. and since that time has operated under the Wells Fargo name.
Bell Bank is a privately owned bank headquartered in Fargo, North Dakota, with assets of $13 billion. Bell Bank, which employs more than 1,900 people, has 27 full-service banking locations in North Dakota, Minnesota and Arizona, and mortgage locations in Arizona, Colorado, Florida, Kansas, Illinois, Minnesota, Missouri, New Mexico, North Dakota, Tennessee and Wisconsin. State Bankshares is Bell Bank's parent company.