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Two farm credit groups are closer to merging

Two farm credit groups are a step closer to merging. 

The boards for Farm Credit Mid-America and Farm Credit Midsouth have received preliminary approval from the Farm Credit Administration

Stockholders now get to vote on the potential merger by mailing their proxy ballot or voting in person at a special meeting in Louisville, Kentucky on February 16, 2023.

The merged association would serve more than 137,000 customers in 391 counties across six contiguous states. 

The Boards of Directors for Farm Credit Mid-America and Farm Credit Midsouth signed a preliminary letter of intent to merge the financial services cooperatives in June 2022.  The target effective date of the merger is April 1, 2023.

Should the merger be approved, the merged association will be named Farm Credit Mid-America. Dan Wagner, current president and CEO of Farm Credit Mid-America, will continue to serve in that role.