Farm Credit Mid-America, an agriculture-lending cooperative serving farmers, rural residents and agribusinesses throughout Indiana, Ohio, Kentucky and Tennessee, broke ground for a new office in Marion. to be located near the intersection of W. 44th Street and State Road 9. A groundbreaking ceremony was held on June 7 and was attended by local officials, Farm Credit leaders and Farm Credit customers.
“I’ve been a customer of the Marion office for a long time,” said Wayne Townsend, a Farm Credit customer who raises pigs in Hartford City, Ind. “The staff here are good people, and this location is a great fit for a new office.”
The Marion community is also happy to welcome Farm Credit’s new office. “We’re really excited about the growth that’s been going on, especially in the southern part of the community with the new retail center and [Farm Credit’s] new investment,” said Wayne Seybold, mayor of Marion. “Over the last 11 years, we’ve had over $2 billion in new investments in Marion and Grant County, so we’re excited for the future.”
“The Marion office, as well as many other Farm Credit offices, has enjoyed tremendous growth,” said Laura Gentis, regional vice president financial services for Farm Credit. “We opened our existing office in 1979. At that time the Marion team consisted of four employees servicing $30 million in loan volume - today, we have nine team members servicing $150 million in volume. The new office will be an investment in the community that allows us to better serve our customers. We are looking forward to continuing to build on the roots we have here in Marion.”
The Marion office will continue to serve customers in Blackford, Grant, Huntington and Wabash counties. The new building will include additional office spaces, a larger conference room, training space and increased parking availability.
Throughout 2013, Farm Credit will continue to build and renovate offices throughout its four-state territory. The new Marion Farm Credit office is expected to be completed by fall 2013.
Farm Credit Mid-America is a $19.4 billion financial services cooperative serving more than 96,500 farmers, agribusinesses and rural residents in Indiana, Ohio, Kentucky and Tennessee. The association provides loans for all farm and rural living purposes including real estate, operating, equipment, housing and related services such as crop insurance, and vehicle, equipment and building leases. For more information about Farm Credit, call 1-800-444-FARM or visit them on the web at www.e-farmcredit.com.