Kansas Gov. Laura Kelly yesterday signed into law a bill that will help ensure greater parity at the state level
between banks and the government-sponsored Farm Credit System.
The American Bankers Association joined three other trade groups in a letter to House Rules Committee leaders this week urging them to include an amendment in the next COVID-19 relief bill that would provide funding for the U.S. Department of Agriculture’s business and industry guaranteed loan program.
The Senate yesterday confirmed Tom Vilsack to serve as agriculture secretary by a bipartisan vote of 92 to 7. Vilsack previously served in the role during the Obama administration.
For ag lenders, credit quality and the deterioration of agricultural loans, competition from other lenders and weak loan demand remain the top three concerns. For producers, lenders continued to be most concerned about the liquidity, income and leverage of their ag borrowers.
Southern Bancorp’s high-touch focus on pairing in-depth financial counseling with a Bank On-certified checkless checking account to help reach the unbanked in the Delta.