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Compeer Financial introduced to media
Compeer Financial CEO Rod Hebrink told members of the media this morning the board of directors for Minnesota-based AgStar Financial, Badgerland Financial in Wisconsin, and 1st Farm Credit Services of Illinois, started to explore merging nearly two years ago.
Compeer will serve 45,000 clients across the three states, and Hebrink says the scale of the merged organization increases their capacity to develop tools and resources.
He complimented the unique niches each organization specializes in: Badgerland’s strength in dairy, AgStar’s background in swine, and 1st Farm Credit on the grain side.
Hebrink says Compeer is an English word, defined as going forward together as equals.
Following member approval earlier this year, the farm credit organization officially began operating as Compeer Financial July 1st.
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