U.S. AgBank, FCB · Wichita, KS United States
Company Description
View U.S. AgBank, FCB Locations On A US Map
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This link will open in a new window Whether you grow pineapples in Hawaii, grapes in California, or run a dairy in Iowa, US AgBank is there to fund your farm. It's part of the borrower-owned Farm Credit System established by the US government in 1916 to provide funding and other financial services to America's farmers, ranchers, agribusinesses, agricultural cooperatives, and rural homeowners. US AgBank was formed in 2003 when the former Western Farm Credit Bank and Farm Credit Bank of Wichita merged. Today the bank serves some 44,000 farmers and rural homeowners in nearly a dozen western and midwestern states. Subsidiary AgVantis provides technology and other operational services to the bank and its member associations. To read the full description, subscribe now.
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Key U.S. AgBank, FCB Financials
| Company Type | Private - Member-Owned Banking Authority Headquarters |
| Fiscal Year-End | December |
| 2008 Sales (mil.) | $975.6 |
| Employees | 1,518 |
U.S. AgBank, FCB Executives
22 executives listed for U.S. AgBank, FCB's Wichita, KS location.
| Title | Name & Bio | Contact |
| Chairman | John Eisenhut | Network |
| Vice Chairman | Kenneth Shaw | Network |
| President and CEO | Darryl Rhodes | Network |
Competition
Competitive Landscape for U.S. AgBank, FCB
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top U.S. AgBank, FCB Competitors
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