AgriBank, part of the US Farm Credit System, 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 to Wyoming and Minnesota to Arkansas. AgriBank is the second largest of the four banks in the Farm Credit System and has over $100 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 in downtown

St. Paul, Minnesota Saint Paul (abbreviated St. Paul) is the capital of the U.S. state of Minnesota and the county seat of Ramsey County. Situated on high bluffs overlooking a bend in the Mississippi River, Saint Paul is a regional business hub and the center o ...

. Leadership includes an 18-seat

board of directors A board of directors (commonly referred simply as the board) is an executive committee that jointly supervises the activities of an organization, which can be either a for-profit or a nonprofit organization such as a business, nonprofit organiz ...

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

St. Paul's AgriBank empire: It's not a household name, but the St. Paul-based bank has a long reach
By Tom Webb. ''

St. Paul Pioneer Press The ''St. Paul Pioneer Press'' is a newspaper based in Saint Paul, Minnesota, Saint Paul, Minnesota, United States. It serves the Minneapolis–Saint Paul metropolitan area. Circulation is heaviest in the east metro, including Ramsey County, Minn ...

'' Sat, Feb. 18, 2006

External links

*
Farm Credit Administration
in the

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

Farm Credit System Companies based in Saint Paul, Minnesota Banks based in Minnesota {{Bank-stub