Tractor Supply Company is a leading American retailer that provides agricultural supplies, farming equipment, and products for home, lawn, and garden requirements. Founded in 1938, Tractor Supply Company is headquartered in Texas and operates more than 1,900 stores across the United States. Over the years, Tractor Supply has partnered with several banks for their financial services, and in this article, we will delve deeper to answer the question – What bank does Tractor Supply use?
Tractor Supply’s Banking Partnerships
Tractor Supply Company has several banking partners, including Wells Fargo Bank, Bank of America, SunTrust Bank, and Capital One. These banks offer various financial services to Tractor Supply Company, such as loans, lines of credits, and electronic payments processing. Additionally, Tractor Supply has also partnered with finance and leasing companies like John Deere Financial and DLL Group to provide financing options to its customers for purchasing farming and outdoor equipment.
Wells Fargo Bank Partnership
Wells Fargo has been a financial partner of Tractor Supply Company for many years. In 2010, Wells Fargo provided a $750 million term loan for Tractor Supply’s ongoing capital expenditures, share repurchases, and other corporate purposes. Additionally, through the years, Wells Fargo has provided leasing and borrowing services to Tractor Supply. Wells Fargo’s extensive financial experience and wide range of services make them a key partner for Tractor Supply Company.
Bank of America Partnership
Tractor Supply Company has a long-standing relationship with Bank of America that dates back to the 1960s. The bank provides the retailer with several financial services, including cash management, lending, treasury solutions, and commercial banking services. According to Forbes’ 2020 rankings, Tractor Supply Company is the 157th largest company in the United States, making Bank of America a significant financial partner for the retailer.
SunTrust Bank Partnership
In 2015, Tractor Supply Company partnered with SunTrust Bank to expand its financial offerings to customers. SunTrust Bank provides Tractor Supply with merchant services, electronic payments processing, and other financial services. Additionally, through this partnership, Tractor Supply can offer exclusive financing options to its customers, such as a private label credit card with 5% rewards on all purchases, including pet food and supplies.
Conclusion
In conclusion, Tractor Supply Company has several banking partners, including Wells Fargo Bank, Bank of America, SunTrust Bank, and Capital One. These banks provide various financial services to Tractor Supply, such as loans, lines of credits, and electronic payments processing. Additionally, Tractor Supply has partnered with financing companies like John Deere Financial and DLL Group to provide financing options for equipment purchases to its customers. These financial partnerships are crucial to the growth and success of Tractor Supply Company as it continues to serve customers across the United States.