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Yankee Farm Credit is here for you. Stay up to date on the Intent to Merge information

Intent to Merge Documents and Communications


Farm Credit East and Yankee Farm Credit are pleased to announce the board of directors of both associations have unanimously approved the signing of a letter of intent to merge the two organizations. This letter sets forth the terms and conditions of a proposed merger, which requires regulatory and stockholder approval. 
Read the full news release.
Download a copy,
04-08-2021 New Release


In early April 2021, Board Chairperson, Celeste Kane-Stebbins issued a letter to members outlining the Intent to Merge plans. Read the letter here.
Download a copy,
04-14-2021 Letter to Members

On April 30, 2021 Yankee Farm Credit President, Michael Farmer issued a letter to members introducing Mike Reynolds, the new CEO of Yankee Farm Credit.
Download the member letter,
04-30-2021 Letter to Members-Mike Reynolds Introduction
 

Member Event

Please join us for a conversation with Yankee Farm Credit’s new CEO,
Mike Reynolds.
May 17, 2021 12:00 PM Eastern Time (US and Canada)
Registration here to attend.


We have compiled a list of answers to those frequently asked questions here.
Download a copy,
05-01-2021 Intent to Merge FAQs

 


Over the next several months, both associations will undertake due diligence to assess the benefits of a merger for stockholders and to finalize the terms of the merger agreement. The merger is subject to the approval of CoBank, both association's funding bank; the Farm Credit Administration, the associations’ regulator; and customer-stockholders. Following the Farm Credit Administration's review, the merger vote will go to customer-stockholders for consideration later this year. Yankee Farm Credit will send customer-stockholders a complete disclosure statement at that time which will articulate the reasons for pursuing the merger and the expected impacts of the merger.

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