Farm Bureau Mutual also will organize an intermediate holding company, named Farm Bureau Multi-State Services Inc. Farm Bureau Multi-State Services Inc will own all Farm Bureau Property & Casualty Insurance Company shares. MHC will own All Farm Bureau Multi-State Services Inc. shares. While there are no definite plans to sell stock to outside investors, the company may pursue such a sale in the future as a part of its business plan.
Farm Bureau Mutual Plans to Form Mutual Holding Company
September 21, 2009, 11:25 a.m. EDT 1 Min Read