Moody's Investors Service affirmed Farm Credit Bank
of Texas' (FCB of Texas) A3 (hyb) cumulative preferred stock rating B1 (hyb) non-cumulative preferred stock rating, 3 Issuer rating and
The Western Farm Credit Bank
's decision last year to stop lending money to a debt-laden Hamakua triggered a bankruptcy filing and the appointment of trustees to supervise an orderly disposition of plantation assets.
Farm Credit Bank
of Texas (FCBT) provides mortgage and loan services to thousands of farmers and ranchers in this four-state district.
Under the bailout bill, a national farm credit bank
company will buy up nonperforming loans (those not being paid off), using cash advanced by other system banks, and by the U.S.
Colliers International broker Allen Wilkerson represented AgFirst Farm Credit Bank
in the lease of office space at 1901 Main St.
The rating is based on the support provided by an irrevocable direct-pay confirming letter of credit (CLOC) issued by Farm Credit Bank
of Texas (FCB: AA-/F1+/Stable), which confirms an irrevocable direct-pay letter of credit (LOC) issued by AgTexas, PCA, which is not rated by Fitch.
"Nancy's byline has been synonymous with cooperatives," says Janet Hunter, the editorial director of the Farm Credit Bank
* CRM Advocate of the Year - Mike Craft, AgFirst Farm Credit Bank
These included leading a Sallie Mae offering of $50 million in floating rate notes; joining the Federal Farm Credit Bank
's bond selling group; and acting as co-lead manager in two Fannie Mae REMICS and two swap trusts worth more than $1 billion.
AgFirst Farm Credit Bank
, part of a system that supports rural communities and agriculture throughout the U.S., has donated $100,000 to the American Red Cross to support Hurricane Florence relief, the organization said in a news release.
Thone, who began his farm credit career at the Farm Credit Bank