AgriBank, part of the US

Farm Credit System 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 (as of 2022) in loans, leases, and relat ...

, serves as a wholesale lender and a farm credit bank (FCB) to a 15-state network of local farm credit associations in a district that stretches from

Ohio Ohio ( ) is a U.S. state, state in the Midwestern United States, Midwestern region of the United States. It borders Lake Erie to the north, Pennsylvania to the east, West Virginia to the southeast, Kentucky to the southwest, Indiana to the ...

Wyoming Wyoming ( ) is a landlocked U.S. state, state in the Mountain states, Mountain West subregion of the Western United States, Western United States. It borders Montana to the north and northwest, South Dakota and Nebraska to the east, Idaho t ...

and

Minnesota Minnesota ( ) is a U.S. state, state in the Upper Midwestern region of the United States. It is bordered by the Canadian provinces of Manitoba and Ontario to the north and east and by the U.S. states of Wisconsin to the east, Iowa to the so ...

Arkansas Arkansas ( ) is a landlocked state in the West South Central region of the Southern United States. It borders Missouri to the north, Tennessee and Mississippi to the east, Louisiana to the south, Texas to the southwest, and Oklahoma ...

. AgriBank is the second largest of the four banks in the Farm Credit System 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). AgriBank is owned by member associations, which are owned by agricultural borrowers. In 2011, it relocated its headquarters to

Wells Fargo Place Wells Fargo Place (30 East 7th Street) is an office tower in St. Paul, Minnesota, United States. It stands at tall, and is currently the tallest building in St. Paul. It was designed by Winsor/Faricy Architects, Inc. and WZMH Architects, and i ...

in downtown

St. Paul, Minnesota Saint Paul (often abbreviated St. Paul) is the capital city of the U.S. state of Minnesota and the county seat of Ramsey County. As of the 2020 census, the city had a population of 311,527, making it Minnesota's second-most populous city a ...

. Leadership includes an 17-seat

board of directors A board of directors is a governing body that supervises the activities of a business, a nonprofit organization, or a government agency. The powers, duties, and responsibilities of a board of directors are determined by government regulatio ...

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: * 1992 merger of the Farm Credit Bank of Saint Louis and Farm Credit Bank of Saint Paul to form AgriBank. * 1994 merger with the Farm Credit Bank of Louisville. * 1994 merger of the Farm Credit Bank of Spokane and Farm Credit Bank of Omaha to form AgAmerica Farm Credit Bank. * 2003 merger with AgAmerica Farm Credit Bank.

References

External links

*
Farm Credit Administration
in the

Federal Register The ''Federal Register'' (FR or sometimes Fed. Reg.) is the government gazette, official journal of the federal government of the United States that contains government agency rules, proposed rules, and public notices. It is published every wee ...

Farm Credit System Companies based in Saint Paul, Minnesota Banks based in Minnesota Government-owned banks of the United States {{Bank-stub

History

References

Further reading

External links