AgStar
 | |
 Charter territory | |
| Industry | Agribusiness |
|---|---|
| Founded | 1916 |
| Headquarters | Mankato, Minnesota |
Key people | Rod Hebrink, CEO |
 $123.9 million (2015) | |
| Total assets |
$8.36 billion (2015) |
| Total equity |
$1.2 billion (2015) |
| Website |
www |
AgStar Financial Services is a US Farm Credit System Agricultural Credit Association (ACA) that delivers a wide range of farm and rural credit programs and services in 67 counties located in Minnesota and northwest Wisconsin.[1][2] AgStar provides 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 ACA cooperative it is owned by 15,200 client-shareholders to whom it provides returns through patronage refunds.[2][9] It has its headquarters 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]
Executives
| Position[11] | 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
This article incorporates public domain material from the Congressional Research Service document "Farm Credit System" by Jim Monke.
- 1 2 3 "View FCS Institution Directory: AgStar Financial Services, ACA". Farm Credit Administration. Retrieved 2016-09-25.
- 1 2 Monke, Jim (May 17, 2016). Farm Credit System (PDF). 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 from the original on April 18, 2016.
- ↑ "Rural Financial and Business Consulting". Archived from the original on April 25, 2016.
- 1 2 "AgStar 2015 Annual Report" (PDF). AgStar. March 9, 2016.
- ↑ "AgStar 2014 Annual Report" (PDF). AgStar. March 11, 2015.
- ↑ "Executive Team". Agstar.com. 2013-04-17. Retrieved 2015-03-07.