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Compeer Financial ready to roll July 1st

The president and CEO of a newly merged farm credit organization says they’ll be ready to do business as Compeer Financial come July first.

Earlier this year, stockholders of Minnesota-based AgStar Financial, Badgerland Financial of Wisconsin, and 1st Farm Credit in Illinois voted to approve the merger.

Rod Hebrink says he hopes the biggest change their clients notice is the new name.

“We brought these organizations together to take advantage of the unique skills in each of the organizations.  To combine the resources to be able to make investments in technology and other products and services, so over time, improve products and services that we bring to the rural market.”

All offices throughout the Compeer territory will remain in place.

Hebrink tells Brownfield the merger diversifies the company portfolio, and allows for a greater emphasis on rural members.

“We’ve often seen and believe in the connection between the health of agriculture and the health of rural communities.  So that becomes part of our vision, (to) do what we can to provide financial resources to rural communities.  And we’re going to be that champion for rural America.”

Hebrink says Compeer Financial will provide loans, leases, risk management, and other financial services to more than 43,000 clients in Illinois, Wisconsin and Minnesota.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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