Farm Credit East and Yankee Farm Credit are pleased to announce the board of directors of both associations have unanimously approved the signing of a letter of intent to merge the two organizations. This letter sets forth the terms and conditions of a proposed merger, which requires regulatory and stockholder approval. The combined association will operate under the Farm Credit East name and, if all conditions are met, the newly merged association is expected to begin operation under the management of Farm Credit East CEO Mike Reynolds on January 1, 2022.