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Shareholders OK merger of 3 Farm Credit associations

Shareholders approved the merger of 1st Farm Credit Services ACA, AgStar Financial Services ACA and Badgerland Financial ACA.

The three associations, which are part of Farm Credit System, will become Compeer Financial, effective July 1. The combined entity will operate in 144 counties through 47 offices in parts of Illinois, Minnesota and Wisconsin. It will have nearly 50,000 clients and $18.6 billion in assets.