This article is about the subsidiary of Lloyds Banking Group. For other uses, see Agricultural Mortgage Corporation (disambiguation).
Agricultural Mortgage Corporation
Company type
Subsidiary undertaking
Industry
Commercial banking
Founded
12 November 1928; 95 years ago (1928-11-12)
Headquarters
Andover, Hampshire
,
United Kingdom
Products
Agricultural mortgages
Parent
Lloyds Banking Group
Website
www.amconline.co.uk
United Kingdom legislation
Agricultural Mortgage Corporation Act 1958
Act of Parliament
Parliament of the United Kingdom
Long title
An Act to enlarge the amounts which may be advanced to the Agricultural Mortgage Corporation Limited by the Minister of Agriculture, Fisheries and Food for the purpose of increasing the Corporation's guarantee fund, and to extend the period during which the Minister may give the Corporation assistance by way of annual grant or loan.
Citation
7 & 8 Eliz. 2. c. 2
Dates
Royal assent
18 December 1958
Other legislation
Repealed by
Statute Law (Repeals) Act 1977
Status: Repealed
The Agricultural Mortgage Corporation plc (AMC) was formed in 1928 under the Agricultural Credits Act, to provide long term mortgages for land and redeveloping farming and rural-based businesses. Initially jointly owned by the Bank of England and the main clearing banks, it was purchased outright by Lloyds Bank in 1993 and is currently a wholly owned subsidiary of Lloyds Banking Group.
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