A new yet somewhat familiar ag lender will open its doors for the first time in 10 cities across California on July 1. Signs on doors will feature the recognizable blue and orange logo icon of Rabobank, though the name will be slightly different: Rabo AgriFinance, which is a U.S. subsidiary of the global Rabobank Group. Rabo AgriFinance is solely focused on the financing needs of the food, agriculture, renewable energy and wine sectors.
Approximately 170 employees who currently support the food and agriculture portfolio at Rabobank, N.A. will become employees of Rabo AgriFinance as of July 1. This change is part of the merger announced earlier this year between Mechanics Bank and Rabobank, N.A. The vast majority of food, ag, wine and renewable energy clients will become customers of Rabo AgriFinance.
“We look forward to our California colleagues joining us and to serving our California-based clients in their important work of contributing to the safe, abundant food supply we enjoy,” says Curt Hudnutt, head of rural, North America at Rabo AgriFinance.
Two existing Rabobank locations in Fresno and Salinas will become Rabo AgriFinance offices. New office locations are in the following cities: Bakersfield, Chico, El Centro, Modesto, Santa Maria, Santa Rosa, Visalia and Yuba City.
Once the transition is complete, Rabo AgriFinance will be the only U.S. lender to serve agriculture coast to coast by coupling local expertise with global sector knowledge. To learn more about Rabo AgriFinance and its comprehensive suite of financial solutions, go to www.RaboAg.com.
About Rabo AgriFinance
As a leading financial services provider for agricultural producers and agribusinesses in the United States, Rabo AgriFinance adds value using industry expertise, client-focused solutions, and by creating long-term business relationships. Rabo AgriFinance offers a comprehensive portfolio of services that gives producers the right products to prepare for, and take advantage of, market opportunities. This comprehensive suite of services includes loans, insurance, input finance and effective risk management products. Rabo AgriFinance is a subsidiary of Rabobank, a premier bank to the global agriculture industry and one of the world’s largest and strongest banks. Rabobank is an equal opportunity provider.
