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AgStar

Field	Value
name	AgStar Financial Services, ACA
logo	AgStar Financial Services logo.png
image	AgStar territory as of 2016-09-25.jpg
image_alt	A map highlighting numerous contiguous counties in east and south Minnesota along with several contiguous counties in northwest Wisconsin.
image_caption	Charter territory
type
hq_location_city	Mankato, Minnesota
area_served	United States
key_people	Rod Hebrink, CEO
industry	Agribusiness
net_income	$123.9 million
net_income_year	2015
assets	$8.36 billion
assets_year	2015
equity	$1.2 billion
equity_year	2015
num_employees	550 +
foundation	1916
homepage

AgStar Financial Services was a US Farm Credit System Agricultural Credit Association (ACA) that provided a wide range of farm and rural credit programs and services across 67 countries in Minnesota and northwest Wisconsin. AgStar offered a variety of financial products including agricultural loans, leases, crop insurance, life insurance, and home mortgages. The financial services offered include appraisals, money market accounts, online banking, and other consulting services.

As an cooperative ACA, AgStar was owned by 15,200 client-shareholders who received returns through patronage refunds. The organization was headquartered in Mankato, MN and is one of the larger Farm Credit associations in the nation. It is located within AgriBank Farm Credit Bank's district, who acts as a wholesale lender for AgStar. For 2015 it reported $123.9 million in net profit and $8.36 billion in assets, up from the 2014 reported values of $117.4 million in net profit and $7.67 billion in assets.

On July 1, 2017, AgStar Financial Services, Farm Credit Services and Badgerland Financial merged to form Compeer Financial. The merger was approved from the Farm Credit Association.

Executives

Position	Name
President & Chief Executive Officer	Rod Hebrink
Executive Vice President and Chief Credit Officer	Joe Deufel
Sr Vice President, Relationship Management	Mark Greenwood
Sr Vice President, Operational Excellence and Quality	Jodie Hermer
Sr Vice President, Brand and Talent Strategies	John Hemstock
Sr Vice President & General Counsel	Paul Kohls
Executive Vice President & Chief Relationship Management Officer	Wick Manley
Sr Vice President & Chief Risk Officer	Tim Tracy
Sr Vice President Investments in Rural America	John Monson

References

"View FCS Institution Directory: AgStar Financial Services, ACA". [[Farm Credit Administration]].
Monke, Jim. (May 17, 2016). "Farm Credit System". [[Congressional Research Service]].
"Agriculture and Farm Loans".
"Agricultural Equipment Leases".
"Farm and Agricultural Insurance".
"Home Mortgage Services".
"Business Services".
"Rural Financial and Business Consulting".
(March 9, 2016). "AgStar 2015 Annual Report". AgStar.
(March 11, 2015). "AgStar 2014 Annual Report". AgStar.
"1st Farm Credit Services, AgStar Financial Services & Badgerland Financial Complete Merger".
(2013-04-17). "Executive Team". Agstar.com.

Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

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