AgChoice Farm Credit and MidAtlantic Farm Credit jointly announced their merger, forming Horizon Farm Credit, on July 1.
The merger was voted on and approved by the membership of each association in May and received final regulatory approval from the Farm Credit Administration, according to a news release.
Horizon Farm Credit serves 100 counties in Delaware, Maryland, Pennsylvania, Virginia, and West Virginia, and is made up of more than 20,000 member-borrowers. The merged entity has 25 offices across its five-state footprint and is headquartered in Mechanicsburg, Pa., the release said.
Former MidAtlantic Farm Credit CEO Tom Truitt serves as CEO of Horizon Farm Credit, the release said. Truitt has more than 25 years of experience in the Farm Credit System to the new association, according to the release.
“The merger of these two highly respected and successful Associations strengthens our commitment to agriculture and our rural communities,” Truitt said in the release. “The name Horizon Farm Credit is significant as we look ahead to the future of our industry with optimism, where innovation meets tradition, to help champion the dreams of our members.”
For more information about the merger and Horizon Farm Credit, visit horizonfc.com.
