Mergers, Name Changes, and Other Corporate ActivityFCA is responsible for issuing corporate charters to all Farm Credit System institutions. Therefore, when institutions merge, change their names, and make other corporate changes, they must have these actions approved through FCA. Recent Activity The FCA Board had given preliminary approval to the merger on July 10. Following an affirmative vote in August by the voting stockholders of each ACA, FCA granted final approval of the merger on September 29. Merger Receives Preliminary Approval If the merger is approved by the voting stockholders of each association, stockholders of Ponca City will exchange their equities in the Ponca City FLCA for like equities in Central Kansas, ACA. The FCA Board imposed conditions of approval that allow FCA to view the continuing associations (Farm Credit Services of Central Kansas, ACA, and its subsidiaries) as a single entity for most regulatory purposes. The continuing association would be known as Farm Credit of the Heartland, ACA. Association Name Change As of October 1, FCA Board action is pending on an application submitted by an FLCA in the Texas district to have its charter converted to that of an ACA. The application was submitted on August 27. Additional Information
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