Rabobank, N.A. has completed the sale of its retail arm to Mechanics Bank, which was announced earlier this year for a total consideration of approximately USD 2.1 billion. The sale did not include the bank's Agribusiness division.
On 31 August 2019, the sale transaction was finalized after satisfying all customary closing conditions and the receipt of all required regulatory approvals. In line with the “Banking for Food” strategy, approximately USD 5 billion of Food & Agribusiness assets were transferred from RNA to Rabo AgriFinance on 1 July 2019.
By consolidating all of the U.S. rural agribusiness operations under a single roof, Rabo AgriFinance will be the only U.S. ag lender to serve the F&A sector coast-to-coast by coupling local expertise with global sector knowledge.
This move gives Rabobank a strong foundation for further expansion in the U.S. and supports their growth strategy across the entire F&A value chain in North America, which includes their Rural and Wholesale Banking businesses and leasing business, DLL.
For more information: 
Margo van Wijgerden
Rabobank
Tel: +31302160967
Email: [email protected]
www.rabobank.com
