Just two months after AgCountry Farm Credit Services and Farm Credit Services of North Dakota announced the approval of a joint board resolution to merge their institutions into one, the shareholders will now have their say on the unification. Members of the two associations have until November 18 to cast their ballots by proxy through the mail or online. AgCountry shareholders can also attend a special shareholder meeting taking place in Fargo on Thursday.
The combined association would operate under the AgCountry Farm Credit Services brand name. Pending approval, the co-op would operate under the management of AgCountry CEO Marc Knisely, effective Jan. 1.
"This is a strategic merger for both associations," said AgCountry Board Chair Ed Hegland. "Our board has worked diligently to determine how best to support the long-term success of our members, the cooperative, and the communities we serve. Next, we will need our shareholders to play their important role for our cooperative--review the merger packet that will be mailed following FCA approval and cast their vote."
AgCountry is a member-owned, locally-governed lending institution that provides credit, financial and insurance services to farmers, ranchers and agribusinesses in eastern North Dakota, western Minnesota and central Wisconsin.
Categories: Minnesota, Business