MEDIA RELEASE- Ask the Analysts

MEDIA RELEASE

FOR IMMEDIATE RELEASE:  July 12, 2018

Legence Bank and American Farm Mortgage & Financial Services Contact: 

Tricia Johnson, Vice President, Marketing & Communications, 618-841-7868

LEGENCE BANK AND AMERICAN FARM MORTGAGE HOST A LIVE TAPING OF THE US FARM REPORT AT SIU-CARBONDALE ON JULY 24, 2018

Agriculture is one of Illinois’s leading economic enterprises – Legence Bank and American Farm Mortgage & Financial Services have been partners to this industry since they opened their doors in 1906 as the First State Bank in Eldorado, IL.  The Legence Bank and American Farm Mortgage Team has more than 150 combined years of experience in both agriculture and financial services, a rare combination in any industry.

The bank continues to implement new initiatives to help strengthen their knowledge and commitment to agriculture and to provide resources to our local farmers. Legence Bank and American Farm Mortgage are partnering with Southern Illinois University-Carbondale to host a LIVE taping of the US FARM REPORT from the SIU-Carbondale Campus on Tuesday, July 24, 2018. The panel will include US Farm Report Host – Tyne Morgan and two of the top market analysts, Chip Nellinger with Blue Reef Agri-Marketing, and Bob Utterback with Utterback Marketing. “At Legence Bank, we believe our purpose is to make our communities stronger and better—helping families, businesses, and farmers achieve financial success is why we exist.” said Alan Hoskins, President and CEO of American Farm Mortgage and Financial Services.

As part of the bank’s commitment to agricultural education, Legence Bank and American Farm Mortgage will host its third annual Ag Forum on Tuesday, July 24, 2018 at SIU-Carbondale. Premier sponsors are Southern Illinois University-Carbondale, Country Financial, and M&S Implement.  This is an exciting time, as they bring the US Farm Report to southern Illinois with a LIVE taping for national television.   This program will help provide clarity for the weeks and months ahead for our local farmers.  “There is quite a bit of financial stress with the uncertainty surrounding commodity markets today,” said Tyne Morgan, host of U.S. Farm Report. “The tariff threats and implementation acted as a wet blanket on prices this summer, driving down profitable prices to below break-even levels. I’m excited to be joined by two veteran analysts to navigate the volatility, ultimately trying to provide some clarity for the weeks and months ahead as farmers enter harvest.”

“It will be an intimate discussion talking about the key issues and opportunities within the commodity markets. Attendees will have a chance to ask the analysts questions about market moves that are impacting their bottom-line.”

 For more information on any of the above Ag Initiatives, please contact Tricia Johnson, VP for Marketing and Communications at (618)-841-7868, or visit the website at LegenceBank.com and AmericanFarmMortgage.com.

Legence Bank is headquartered in Eldorado, IL and operates fourteen branches throughout southern Illinois and one branch in southern Indiana, with eight additional branches in southern Illinois recently acquired through Mid-Country Bank. Legence Bank also operates the wholly owned subsidiary American Farm Mortgage & Financial Services, located in Louisville, KY, AFMFS originates and services over $215 million in agricultural real estate loans nationwide.  For more information, please visit LegenceBank.com and/or AmericanFarmMortgage.com.

END