North Bay Business Journal

American AgCredit grows to sixth in nation after merger

American AgCredit, the farm lending giant headquartered in Santa Rosa, has merged with Colorado-based Farm Credit Services of the Mountain Plains.

Difficult 2011 harvest not having big lending impact

The cold 2011 season and wet harvest dampened North Coast crop yields by as much as one-third from norms by early estimates, and lenders are closely observing grower ability to make payments on crop and other loans with fewer tons to sell and higher vineyard-management costs.

Business news: Week of Nov. 7, 2011

Agriculture American AgCredit, the nation’s 8th largest Farm Credit cooperative, has agreed to donate $25,000 to the California Farm Bureau Federation to support efforts to overturn the recently‐adopted Russian River Frost Regulation, passed on Sept. 20 by the State Water Resources Control Board.  According to the regulation, beginning March 15, 2012, through May 15, 2012, [...]

American AgCredit reports record financial results

SANTA ROSA — American AgCredit, the nation’s 7th largest Farm Credit Association announced today financial results for 2010. Full‐year earnings and net interest income reached record highs, and loan quality remained stable throughout the year.

Spotlight: Leaders in Commercial Banking in 2011

Following are many of the leading professionals in commercial lending across the North Bay. (Listed alphabetically by institution name)

Banking & Finance: Circle CEO named to web domain panel; RCU chief on national board

Kim Kaselionis, president and chief executive officer of Circle Bank in Novato, has been named one of eight members of an American Bankers Association. … AmericanAg Credit is going through due diligence regarding a proposed merger with Mountain Plains Farm Credit in Greeley, Colo. … American AgCredit has also announced the promotion of three long‐time employees: Bill Rodda, Jim Rizza and Clay Popko. … Bank of Marin Bancorp has signed a lease for a new branch office in downtown Sonoma. The new office at 136 W. Napa St. will open in late spring. With the new location, Bank of Marin will have five branch offices in Sonoma County with a total of 16 offices. … Brett Martinez, president and chief executive officer of Redwood Credit Union, has been elected to the board of directors of the Credit Union National Association, the national trade association for United States credit unions. … U.S. Trust has announced the addition of Jason Foster as senior vice president and private client consultant, based in Santa Rosa, in the west division, as part of a talent acquisition campaign designed to enhance the depth and breadth of its service capabilities for ultra-high-net-worth clientele throughout the nation. … Exchange Bank has announced that Lori Zaret was promoted to senior vice president, chief human resources officer. …

Most Influential Leaders in the North Bay: Ron Carli

Ron Carli, CEO, American AgCredit

Spotlight: Leaders in Commercial Banking

(Listed alphabetically by name)

Banking: Of FDIC orders impacting 219 banks, most meet agreements

In a year when Federal Deposit Insurance Corp. intervention in banks has skyrocketed, odds are favorable that two North Bay institutions receiving cease and desist orders can be successful in meeting FDIC requirements.

American AgCredit merges with Kansas-based Farm Credit

SANTA ROSA – American AgCredit will complete its merger with Farm Credit of the Heartland based in Wichita, Kan., effective Nov. 30.

The merger will make the joint association the seventh-largest Farm Credit cooperative in the U.S., totaling $4.8 billion in assets with a combined customer base of 6,430 members. The headquarters will stay in Santa Rosa and maintain the name American AgCredit.

Seghesio, B.R. Cohn move forward with parts of expansions

HEALDSBURG – The Seghesio winemaking family has found that an economic recession can be a good time to save money by spending money on construction that will make more money in wine sales.

Ag credit officials say ‘super-regulator’ not for them

NORTH BAY – With the proposal of a new banking “super-regulator,” it is not just community banks that are afraid of the unknown.

American AgCredit to merge with Farm Credit of the Heartland

SANTA ROSA – American AgCredit, based in Santa Rosa, has plans in the works to merge with Witchita, Kan.-based Farm Credit of the Heartland.