Proposed Merger

Cape Fear Farm Credit Board Approves Proposed Merger with AgCarolina Farm Credit

After completing months of due diligence, the Boards of Directors of Cape Fear Farm Credit and AgCarolina Farm Credit voted to approve the proposed merger of the two Associations.

Over the next few months, the Boards will work together to seek regulatory approval and finalize a merger disclosure packet that will be sent to all stockholders this fall. This packet will include a range of important details, including instructions on when and how eligible stockholders can vote on the merger.

Assembling this information will take time; see the timeline below to better understand where we are in the merger process.

As we work to ensure a smooth, transparent process, we encourage you to check back to this landing page for updates on the merger, important documentation, and copies of official member communications.

Do stockholders vote on the merger?

Yes. Assuming both Boards vote to recommend the merger and receive regulatory approval, a stockholder vote would occur in late 2022.

How will our local service be impacted by the merger?

Local service will continue to be a key focus, including local loan decisions and local delivery services.

Will members have a new loan officer following the merger?

Members can expect the same local, personalized service from the same trusted experts at their local branches.

What will happen to patronage dividends?

Patronage dividends would continue to be an important part of members’ ownership under a combined Association. As a cooperative, we would continue to return profits to our members as determined by the board of directors each year.

Will there be any change in loan approval time or the loan process generally speaking?

We anticipate that the loan approval time and process would remain relatively consistent throughout the merger transition.

Do you have a question about the merger?
If you have any questions related to the merger, please send us an email to