“Focus: Banking & Finance” piece on Farm Credit East, which merged with Farm Credit of Maine at the start of 2014. The customer-owned cooperative has more than $633 million in loan commitments throughout the state, helping the agricultural, timber, and fishing industries. The merger has allowed Farm Credit of Maine to improve its lending capacity and to offer its customers better rates and gives Farm Credit East access to the expertise of Maine staffers, especially in the forest products and potato-growing sectors. Both associations were doing well at the time of the merger and the merger has been pronounced “seamless” by Assistant Vice President Jill Eyre. Article includes an explanation of how the Farm Credit system works.
Farm Credit East, Farm Credit of Maine, Farm Credit System (U.S.), Forests and forestry -- Finance, Agriculture -- Finance
McCarthy, James, "Cooperative Lending" (2014). Maine News Index – MaineBiz. 6130.