A merger between AgChoice Farm Credit and MidAtlantic Farm Credit has been completed.
The merger officially formed Horizon Farm Credit on Friday and was voted on and approved by the membership of each Association in May and has received final regulatory approval from the Farm Credit Administration.
Horizon Farm Credit said its offices were closed beginning on Friday and will reopen on Tuesday to ensure a seamless transition.
Horizon Farm Credit serves 100 counties in Delaware, Maryland, Pennsylvania, Virginia, and West Virginia, and is made up of more than 20,000 member-borrowers. The merged entity has 25 offices across its five-state footprint and is headquartered in Silver Spring Township. Horizon Farm Credit said no office closures or staffing changes will occur as a result of the merger.
Former MidAtlantic Farm Credit CEO Tom Truitt, serves as CEO of Horizon Farm Credit, bringing more than 25 years of experience in the farm credit system to the new Association.
“The merger of these two highly respected and successful Associations strengthens our commitment to agriculture and our rural communities,” Truitt said in a news release. “The name Horizon Farm Credit is significant as we look ahead to the future of our industry with optimism, where innovation meets tradition, to help champion the dreams of our members.”
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July 04, 2022 at 06:18AM
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Two agricultural lending cooperatives complete merger - PennLive
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