AgStar
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| A map highlighting numerous contiguous counties in east and south Minnesota along with several contiguous counties in northwest Wisconsin. Charter territory | |
| Company type | |
|---|---|
| Industry | Agribusiness |
| Founded | 1916 |
| Headquarters | |
Area served | United States |
Key people | Rod Hebrink, CEO |
| Increase $123.9 million (2015) | |
| Total assets | Increase $8.36 billion (2015) |
| Total equity | Increase $1.2 billion (2015) |
Number of employees | 550 + |
| Website | www |
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.[1][2] AgStar offered a variety of financial products including agricultural loans, leases, crop insurance, life insurance, and home mortgages.[3][4][5][6] The financial services offered include appraisals, money market accounts, online banking, and other consulting services.[7][8]
As an cooperative ACA, AgStar was owned by 15,200 client-shareholders who received returns through patronage refunds.[2][9] The organization was headquartered in Mankato, MN[1] 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.[1] 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.[9][10]
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.[11]
Executives
[edit | edit source]| Position[12] | 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
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This article incorporates public domain material from Lua error in Module:Citation/CS1/Configuration at line 2172: attempt to index field '?' (a nil value).
External links
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- AgStar Fund for Rural America