| AgStar Financial Services, ACA | |
| Image Alt: | A map highlighting numerous contiguous counties in east and south Minnesota along with several contiguous counties in northwest Wisconsin. |
| Hq Location City: | Mankato, Minnesota |
| Area Served: | United States |
| Key People: | Rod Hebrink, CEO |
| Industry: | Agribusiness |
| Net Income: | $123.9 million |
| Net Income Year: | 2015 |
| Assets: | $8.36 billion |
| Assets Year: | 2015 |
| Equity: | $1.2 billion |
| Equity Year: | 2015 |
| Num Employees: | 550 + |
| Foundation: | 1916 |
AgStar Financial Services is a US Farm Credit System Agricultural Credit Association (ACA) that delivers a wide range of farm and rural credit programs and services in 67 counties located in Minnesota and northwest Wisconsin.[1] [2] AgStar provides financial products including agricultural loans, leases, crop insurance, life insurance, and home mortgages.[3] [4] [5] [6] The financial services offered include appraisals, money market accounts, online banking, and other consulting services.[7] [8]
As an ACA cooperative it is owned by 15,200 client-shareholders to whom it provides returns through patronage refunds. It has its headquarters in Mankato, MN and is one of the larger Farm Credit associations in the nation. It is located within AgriBank Farm Credit Bank's district, who acts as a wholesale lender for AgStar. For 2015 it reported $123.9 million in net profit and $8.36 billion in assets, up from the 2014 reported values of $117.4 million in net profit and $7.67 billion in assets.[9] [10]
On July 1, 2017, AgStar Financial Services, Farm Credit Services and Badgerland Financial joined together to form Compeer Financial. The merger was approved from the Farm Credit Association.[11]
| Position[12] | Name | |
|---|---|---|
| President & Chief Executive Officer | Rod Hebrink | |
| Executive Vice President and Chief Credit Officer | Joe Deufel | |
| Sr Vice President, Relationship Management | Mark Greenwood | |
| Sr Vice President, Operational Excellence and Quality | Jodie Hermer | |
| Sr Vice President, Brand and Talent Strategies | John Hemstock | |
| Sr Vice President & General Counsel | Paul Kohls | |
| Executive Vice President & Chief Relationship Management Officer | Wick Manley | |
| Sr Vice President & Chief Risk Officer | Tim Tracy | |
| Sr Vice President Investments in Rural America | John Monson |