Illinois banker James R. Shafer doesn't begrudge John Deere's success
His First National Bank in Tremont works through independent dealers
Since January, the $32 million-asset bank has garnered almost $300,000
"In one way it's a defensive mechanism," said Mr. Shafer, chief
The approach lets the bank in on what he sees as the biggest advantage
First National focuses on leasing smaller equipment, including plows and
Similarly, the bank has financed seed purchases through several seed
Farm loans, which make up about a fourth of First National's portfolio,
"Lending has become everybody's ball game," he said. "Farmers seem to be