CoBank-U.S. AgBank Merger Approved By Stockholders
Voting comes 10 months after the banks executed a letter of intent to merge
The amendment is effective immediately; however, the bank has no current plans to issue additional preferred stock in conjunction with the approved amendment. The last time the bank increased its outstanding preferred stock was in July 2008. "Any future issuances of third-party capital will be driven by the projected growth and capital needs of the bank as well as overall conditions in the capital markets," Burlage said.
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