Through a newly created subsidiary of Agrifinancial Canada, CA Bancorp plans to complete an estimated $89 million take-over of the business of Agrifinance and Agricard.

Both are headquartered in Winnipeg, and are currently operated by Canadian Cooperative Agricultural Financial Services.

 

Agrifinancial Canada President Brian Leier says CA Bancorp is a relatively new merchant bank that was looking to expand.