GreenStone Breaks Ground on New Corporate Office Project

EAST LANSING, Mich., July 7 /PRNewswire/ -- GreenStone Farm Credit Services,
the leading agricultural lender throughout Michigan and northeast Wisconsin,
has broken ground on a new corporate headquarters in East Lansing, Michigan.

Located along the U.S. 127 corridor just north of Lake Lansing Road at 3515
West Road, the new 78,000 square foot building will replace GreenStone's
current corporate office located on Abbey Road just south of the construction
site. In addition to the association's current 30,000 square foot corporate
headquarters, it is also utilizing more than 6,500 square feet in a separate
office building in the immediate area.

The $18.8 million project will not only allow the association to consolidate
its corporate staff into one location, it will also provide the opportunity
for the organization to hire upwards of 65 new employees by 2013 according to
its long-term strategic plan.

This new corporate office project is a result of GreenStone's consistently
strong growth over the last decade, during which the association has evolved
from a $1.5 billion financial institution following the merger of four Farm
Credit organization's in Michigan in 2000, as well as a subsequent merger with
FCS of Northeast Wisconsin in 2003, to more than $5.0 billion in assets today.

As part of this building project, additional infrastructure work on West and
Abbey roads is necessary to move forward with development. To assist in the
costs associated with this infrastructure work, the Michigan Department of
Transportation has recently awarded the city of East Lansing a Transportation
Economic Development Fund grant to cover more than 60 percent of the expenses.

According to GreenStone President/CEO Dave Armstrong, the association is
pleased that it will continue to call East Lansing its corporate home. "This
project is one that we have strategically discussed for a number of years
now," said Armstrong. "Not only will this new building address both our
short-term and long-term space needs, but it also clearly demonstrates our
commitment to continuing to be the leading agricultural and rural community
lender in our two-state territory.

"While the board of directors and our management team understand the current
economic climate and the uncertainty that hovers over the financial industry
today, we feel extremely confident that a number of factors - not the least of
which is our strong and healthy financial position - dictate that this is the
right time for us to move ahead with our building needs."

GreenStone Farm Credit Services Chairman of the Board Lyn Uphaus echoed
Armstrong's support for the project.

"For more than 90 years, Farm Credit has been a stable and successful source
of credit and financial services for farmers and rural residents in Michigan
and northeast Wisconsin," said Uphaus. "We are proud of our accomplishments
over the years, and of the consistent fiscal responsibility that this
association has exhibited. As a result of that success, this new corporate
office will not only present a positive feeling for the staff, management and
board of directors, but it will also be instrumental in helping this
organization to continue to provide the high level of service that the nearly
18,000 customers/owners have come to expect of their cooperative."

The general contractor for the new building project is The Wieland-Davco
Corporation, based in Lansing, Michigan. With initial construction work
beginning this summer, GreenStone expects the project to be completed sometime
in the fall of 2010.

GreenStone Farm Credit Services, based in East Lansing, Michigan, is Michigan
and northeast Wisconsin's largest agricultural lender and the country's fifth
largest association in the Farm Credit System. With more than $5.0 billion in
assets, GreenStone serves nearly 18,000 customers with 37 branch locations in
Michigan and northeast Wisconsin.

Contact: Coleen King
President
King Media
517.333.2048
Coleen@kingmedianow.com

SOURCE GreenStone Farm Credit Services

Coleen King, President, of King Media, +1-517-333-2048,
Coleen@kingmedianow.com, for GreenStone Farm Credit Services