Farm Credit To Form New Association
Stockholders of both Northwest Farm Credit Services and Farm Credit West have approved a merger of their associations to form Ag-West Farm Credit, a new association serving more than 22,000 customers throughout seven western states.
The merger was effective Jan. 1, after a rigorous due diligence and approval process and affirmative stockholder vote.
The new association will be led by past Farm Credit West President and CEO Mark Littlefield and a management team from both legacy associations. Littlefield said, “This is a merger of two very successful, financially strong Farm Credit associations across the West who have partnered together for many years. Merging allows us to bring the best of each association together to form an even more effective cooperative and offer increased value to our members.”
Headquarters of the new association will be in Spokane, with regional operating centers across the west.
AgWest will serve producers, agribusinesses, and related industries in Alaska, Arizona, California, Idaho, Oregon, Montana and Washington, providing financing and insurance services. No changes to local branch offices are anticipated with the merger.