First Midwest Bank and Granular Announce Alliance to Help Farmers Grow and Strengthen Their Farm Businesses
August 24, 2018
Alliance will help farmers improve measurement of their businesses and increase financial transparency
Chicago, IL and San Francisco, CA – First Midwest Bank announced today that it is collaborating with Granular, the leading provider of farm management software, to provide Midwest farms with increased access to capital and technology.
“Granular and First Midwest Bank customers have a shared commitment and vision that better technology on the farm will strengthen the financial health and risk management of their businesses. Granular’s software and analytics changes the game by helping farmers manage and evaluate their financial decisions, which in turn reduces their risk profile. This is more crucial than ever in the current ag economy,” said Rebecca King, Director of Agriculture at First Midwest Bank.
“We have been Chicago’s leading bank for over 75 years and agriculture is at the heart of our mission,” said Jim Stadler, Chief Marketing and Communications Officer at First Midwest Bank. “This alliance enables us to collaborate with a leading technology company across sales, customer relationship management, credit underwriting, and product development teams to better serve mutual clients and progressive farmers.”
Sid Gorham, co-founder and CEO of Granular shared Stadler’s excitement. “We’re thrilled to partner with First Midwest Bank to help farmers professionalize their businesses. Granular’s real-time dashboards, field-by-field profit analyzer and grain inventory and marketing modules all create more insight and trust between growers and their financial partners. It’s great to see banking leaders recognize that and leverage Granular to strengthen their own customer relationships,” said Gorham.
To see this alliance in action, register here for a live webinar and Q&A: “What Does Your Lender Look For?” on August 21, 2018 at 11:00 CST to understand how to better work with your banker for the right financing and to hear how software is advancing agriculture.
About First Midwest
First Midwest Bank is a wholly-owned subsidiary of First Midwest Bancorp, Inc. (NASDAQ: FMBI), a relationship-focused financial institution and one of the largest independent publicly-traded bank holding companies based on assets headquartered in Chicago and the Midwest, with approximately $15 billion in assets and $11 billion in trust assets under management. First Midwest Bank and other affiliates provide a full range of commercial, treasury management, equipment leasing, retail, wealth management, trust and private banking products and services through locations in metropolitan Chicago, northwest Indiana, central and western Illinois, and eastern Iowa. First Midwest’s website is www.firstmidwest.com.
Granular is an agriculture software and analytics company dedicated to helping growers build stronger, and more profitable farms. With cloud, mobile and advanced data science technology, the Granular platform makes it easier to manage a farm and use data for critical business and agronomic decisions. The Granular platform includes a suite of farm management software (Granular Business and Encirca), the leading farmland real estate analysis tool (AcreValue) and precision agronomy software for ag retailers (AgStudio). Headquartered in San Francisco, Granular is an independent, wholly owned subsidiary of Corteva Agriscience™, Agriculture Division of DowDuPontTM (NYSE: DWDP).
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