Farm Credit West Stockholders to Vote on Merger
Rocklin, CA (Oct. 24, 2022) -- Farm Credit West stockholders are receiving merger disclosure and voting information from the association’s board of directors for a merger with Northwest Farm Credit Services. The proposed merger has received preliminary approval from the Farm Credit Administration and is pending approval by the stockholders of both associations.
Stockholder voting will run through November 17. If the merger vote passes, the Farm Credit Administration grants final approval, and no unexpected delays occur, the merger will be effective January 1, 2023, operating under the leadership of current Farm Credit West President and CEO Mark Littlefield and a management team from both associations. Headquarters will be in Spokane, WA with regional operating centers in each state. No office closures or branch staffing changes are anticipated as part of this merger.
Both associations serve producers, agribusinesses, and related industries across the west. The merged association would serve customers in Alaska, Arizona, California, Idaho, Oregon, Montana, and Washington.
About Farm Credit West: Farm Credit West is a lending institution of the Farm Credit System with California branch offices in Bakersfield, Dinuba, Hanford, Imperial Valley, Santa Maria, Templeton, Tulare, Ventura, Woodland and Yuba City; and Arizona branch offices in Tempe, Safford, and Yuma. The corporate headquarters is located in Rocklin, California. The Farm Credit System is a nationwide network of borrower-owned lending institutions and specialized service organizations created by Congress in 1916. The System provides loans, leases, and related services to farmers, ranchers, rural homeowners, agribusinesses and agricultural and rural utility cooperatives nationwide. Visit Farmcreditwest.com.