The sale to Mechanics Bank underlines the Dutch lender’s redoubled focus on agriculture following a $369m Department of Justice settlement last year, says North American rural banking head Curt Hudnutt.
Managing partner Harrie Vollaard says rather than establish offices in innovation hubs, Rabobank will partner with funds already active in seed and Series A stage companies in key fintech and agtech markets.
After taking the helm at the NYSE-traded secondary marketplace for agricultural loans in October, Brad Nordholm tells Agri Investor it is getting harder to make generalizations about its agricultural borrowers.
The US firm has agreed to invest A$50m in the embattled Australian manager through a convertible loan note. Blue Sky says this is a positive move for the business – but investors probably need more convincing.