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California farm credit firms merge

Two California farm credit firms that combine for more than $1.1 billion in loans to growers completed their merger on New Year's Day.

KINGSBURG, Calif. — Two California farm credit firms who combine for more than $1.1 billion in loans to growers completed their merger on New Year’s Day.

Northern California Farm Credit joined with the Federal Land Bank Association of Kingsburg to become Golden State Farm Credit on Jan. 1. The new association’s board is made up of directors from throughout northern and central California.

All the companies’ offices – in Chico, Red Bluff, Willows, Kingsburg and Hanford – will remain open and virtually all employees will stay in place, the firm stated in a news release. The only exception is former Northern California Farm Credit chief executive officer Bruce Strickler, who retired after more than 27 years in the position.

Scott Anderson is president and CEO of the new association after serving in that capacity at Kingsburg Land Bank since 2004.



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