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30 E. 7th St., Ste. 1600 St. Paul, MN 55101 MN Tel. 651-282-8800 Fax 651-282-8666 |
Type: Private - Cooperative
On the web:
http://www.agribank.com
AgriBank puts the "green" in green acres. The borrower-owned bank provides wholesale lending and business services to Farm Credit System (FCS) associations in America's heartland. Established by Congress in 1916, the FCS is a nationwide network of cooperatives that provide loans and financial services for farmers, ranchers, agribusiness, timber producers, and rural homeowners. The co-ops write loans for homes, land, equipment, and other farm operating costs. AgriBank also provides credit to rural electric, water, and telephone systems. The largest bank in the FCS, its footprint includes more than half of the cropland in the US, covering 15 states from Ohio to Wyoming and Minnesota to Arkansas.
Key numbers for fiscal year ending December, 2010:
Sales: $1,828.0M
One year growth: (6.4%)
Net income: $580.9M
Income growth: 40.8%
Officers:
Chairman: Richard H. Davidson
CEO: L. William (Bill) York
EVP, Banking and Finance and CFO: Brian J. O'Keane
Competitors:
Bank of America
Rabo AgriFinance
Wells Fargo