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FARM CREDIT ADMINISTRATION APPROVES TEXAS ORGANIZATIONS TO MERGE
Sep. 13, 2013
Source: Farm Credit Administration (FCA)
At its monthly meeting today, the Farm Credit Administration Board granted preliminary approval of the proposed plan for Texas Land Bank, ACA, to merge into Lone Star, ACA. According to the plan, Texas Land Bank's subsidiaries will also merge into the subsidiaries of Lone Star.
If the plan receives stockholder approval and final approval from FCA, Lone Star and its subsidiaries will be the continuing associations, with headquarters in Fort Worth, Texas, and the merger will take effect on Jan. 1, 2014.
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