Rabobank launches new ag lending brand
Visalia is among 10 locations across California to open as Rabo AgriFinance
VISALIA – A new yet somewhat familiar ag lender opened its doors in Visalia on July 1.
Signs on the door featured the recognizable blue and orange logo icon of Rabobank, though the name is now 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.
Rabo AgriFinance in Visalia, 3300 S. Demaree Street, Suite A, was among eight new locations across California. Other new locations opened in Bakersfield, Chico, El Centro, Modesto, Santa Maria, Santa Rosa, Visalia and Yuba City. Two existing Rabobank locations in Fresno and Salinas were reopened as Rabo AgriFinance offices.
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.
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. To learn more about Rabo AgriFinance and its comprehensive suite of financial solutions, go to www.RaboAg.com.