January 28, 2023
AgCarolina Farm Credit and Cape Fear Farm Credit jointly announced their merger on January 1, 2023. The merger was voted on and approved by the membership of each Association in November and received final regulatory approval from the Farm Credit Administration.
The merged AgCarolina Farm Credit services 46 counties in eastern and southeastern North Carolina, and is made up of more than 6,000 member-borrowers. Headquartered in Greenville, NC, the merged Association has 20 local branch offices to ensure members receive the same local service from their same trusted advisor.
Former Cape Fear Farm Credit Chief Executive Officer, Evan Kleinhans, serves as Chief Executive Officer of AgCarolina Farm Credit, bringing more than 11 years of leadership experience in the Farm Credit System to the merged Association. “The merger of these two highly successful Farm Credit Associations enables us to serve our members throughout eastern and southeastern North Carolina in a greater capacity. We accomplish this by bringing the best of each Association to form a stronger, more effective, local cooperative,” says Kleinhans.
Stuart Pierce, AgCarolina Farm Credit’s Chairman of the Board includes, “As a combined cooperative, we have greater capacity to support our membership through specialized service while continuing local relationships,” says Pierce. “The merged Association is able to enhance our product offerings and value to meet the growing needs of the North Carolina agriculture sector.”
AgCarolina Farm Credit is committed to serving agriculture and rural communities, yielding a more prosperous future for all. The Association does this by fulfilling its mission, to provide constructive credit and financial services to grow the success of our members, one local relationship at a time.
To locate a local branch, visit agcarolina.com/locations.