Farm Service Agency v Gold Banc Corporation, Inc.

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Lawsuit Against Gold Banc Certified by OK Court

Case ID: 4408

Category: Credit / Debt

Last Update: 08/17/2005

Country:

The District Court in Kingfisher County, Okla., certified a suit against Gold Banc Corp. Inc. involving Farm Service Agency loans as a class action.

The case was filed on Sept. 10, 2005, and alleges that Gold Banc's Gold Bank subsidiary violated FSA regulations by charging interest rates and fees on FSA-guaranteed agricultural loans that were higher than the interest rates and fees it charged its average agricultural customers.

The court's order certified the case as a class action on behalf of agricultural customers who received FSA-guaranteed loans between Jan. 1, 1999, and Feb. 29, 2004.

Gold Bank ranks No. 4 on The Business Journal's list of Missouri based banks. Gold Banc Corp. has more than $4.4 billion in assets and 38 Gold Bank locations in Kansas, Missouri, Florida and Oklahoma.

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