Why did Rabobank acquire Butte Community Bank?
Rabobank, N.A. wants to grow its community banking presence and its agricultural business in this region. The acquisition of Butte Community Bank is consistent with both of these goals. Butte Community Bank is an excellent strategic fit for Rabobank, N.A. in terms of similar business lines, complementary footprints, and shared cultural values. Both banks are strongly community-oriented and offer a full range of deposit, loan and payment products to local individuals, businesses and farmers. And, the addition of Butte Community Bank gives Rabobank an established local platform to expand our business in this region and in the agricultural sector. We believe the long-term benefits for all customers will be greater banking convenience, more access to free ATMs, and a wide array of quality banking services.
