In February, we announced our intention to merge with Farm Credit West, an association that serves producers, agri-businesses, and related industries in California and Arizona. We are both successful, financially strong Farm Credit associations who have partnered together for many years to jointly finance customers, serve rural markets, and collaborate in operational areas. We share a common customer-focused culture that is deeply committed to improving the lives of our customers, employees and the communities and industries we serve.
Since February, both associations have undergone a thorough due diligence process and finalized merger agreement terms. Preliminary approval by our regulator, the Farm Credit Administration (FCA) was received, and we submitted the merger proposal to the voting stockholders of both associations for consideration. On Nov. 17 at separate special meetings of stockholders, the voting stockholders of Northwest Farm Credit Services and the voting stockholders of Farm Credit West approved the merger of the two associations. After a 35-day reconsideration phase and final approval by FCA, the merger was effective Jan. 1, 2023. You can view the full news release in the Jan. 4 update below.
Jan. 4 Update - AgWest News Release Post Vote (NEW)
Nov. 18 Update - Voting Results
*merger effective date is based on affirmative vote and final FCA approval.
Frequently Asked Questions:
What changes will I see in my daily interactions with my association?
The Merger is not expected to result in any changes to our branch offices, and you will continue to receive the same high level of customer service and industry expertise that you have come to expect from our qualified staff.
What is the purpose of the special meetings of stockholders?
We have called a special meeting of stockholders to obtain voting stockholders' decision on the merger of Farm Credit West and Northwest FCS. Under the Farm Credit Act, the Merger cannot go forward without the affirmative vote of a majority of each Association’s stockholders voting, in person or by proxy, at a duly called meeting of stockholders. The Merger also requires final approval from the Farm Credit Administration.
What if I have questions on the Merger?
Refer to your disclosure packet for more information, including merger details as well as potential risks and benefits.