| Hq location city | Mankato, Minnesota |
|---|---|
| Area served | United States |
| Key people | Rod Hebrink, CEO |
| Industry | Agribusiness |
| Net income (2015) | $123.9 million |
| Assets (2015) | $8.36 billion |
| Equity (2015) | $1.2 billion |
| Num employees | 550 + |
| Foundation | 1916 |
| Homepage | www.AgStar.com |
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
| 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
- ^ "View FCS Institution Directory: AgStar Financial Services, ACA". Farm Credit Administration. Retrieved 2016-09-25.
- ^ Monke, Jim (May 17, 2016). Farm Credit System. Congressional Research Service
- ^ "Agriculture and Farm Loans". Archived from the original on April 19, 2016.
- ^ "Agricultural Equipment Leases". Archived from the original on April 20, 2016.
- ^ "Farm and Agricultural Insurance". Archived from the original on April 15, 2016.
- ^ "Home Mortgage Services". Archived from the original on January 31, 2016.
- ^ "Business Services". Archived April 18, 2016 at the Wayback Machine.
- ^ "Rural Financial and Business Consulting". Archived April 25, 2016 at the Wayback Machine.
- ^ "AgStar 2015 Annual Report". AgStar. March 9, 2016.
- ^ "AgStar 2014 Annual Report". AgStar. March 11, 2015.
- ^ "1st Farm Credit Services, AgStar Financial Services & Badgerland Financial Complete Merger". www.farm-equipment.com. Retrieved 2019-08-22.
- ^ "Executive Team". Agstar.com. 2013-04-17. Retrieved 2015-03-07.