FEDERAL FARM CREDIT BANKS FUNDING CORPORATION EXPANDS COMMITMENT TO DIVERSITY AND INCLUSION WITH CREATION OF NEW DEALER GROUP
JERSEY CITY, NJ – Today, the Federal Farm Credit Banks Funding Corporation announced the creation of the LEAD (Leveraging Equality and Diversity) Dealer™ Group to provide minority, women, veteran, disabled veteran and American Indian Tribally owned dealers direct access to Farm Credit debt securities. This new group expands our relationships with minority and disabled veteran owned firms who are already members of our existing Dealer Group.
Effective October 15, 2020, Loop Capital Markets LLC and Multi-Bank Securities, Inc. will be joined by Academy Securities, Inc., Blaylock Van, LLC, CastleOak Securities, L.P., MFR Securities, Inc., R. Seelaus & Co., LLC, Samuel A. Ramirez & Co., Inc., Siebert Williams Shank & Co., LLC, and Tribal Capital Markets, LLC, to form the LEAD Dealer Group. With these additions, 38 securities dealers will support the Farm Credit System by marketing and distributing Farm Credit notes and bonds. These securities are purchased by a wide variety of institutional investors in the U.S. and throughout the world.
“As part of the Farm Credit System, the Federal Farm Credit Banks Funding Corporation is deeply committed to diversity and inclusion as we access the capital markets to fund rural communities and agriculture. By providing the LEAD Dealer Group with direct access to our debt securities offerings, our existing Dealer Group will be enhanced by the diverse views, perspectives and relationships of these additional members,” said Tracey McCabe, Funding Corporation President and CEO.
According to Jim Reynolds, Loop Capital founder, Chairman and Chief Executive Officer, “Loop Capital Markets and the Funding Corporation have enjoyed a successful partnership since 2017. We are very proud of our relationship and we have enjoyed significant growth through this partnership. We are also very pleased to see that the Funding Corporation is allowing additional firms to work with them in the LEAD Dealer Group. This is a clear sign of their commitment to meaningful diversity and inclusion as the Funding Corporation does its part to aid these firms in their growth within the Capital Markets. We look forward to working together to assure that Farm Credit can consistently raise the capital necessary to fund American agriculture.”
“Supporting diversity in agriculture and rural communities is an integral part of Farm Credit’s mission and creating the LEAD Dealer Group reaffirms our commitment to that mission,” said Indiana farmer and Funding Corporation Board Chair Matt Walther.