December 28, 2016
Farm Credit of the Virginias (FCV), a $1.8 billion dollar cooperative financial institution serving agriculture and rural communities, earlier this fall announced that Chief Executive Officer Dave Lawrence will retire from the organization effective January 5, 2017.
Lawrence has served as FCV’s CEO for 13 years, during which time he led the organization’s growth to serve more than 11,000 customers, primarily local farmers, ranchers, agribusinesses and rural homeowners. Over Lawrence’s tenure, FCV’s assets have grown to $2 billion,
capital has increased to 20 percent, and over $190 million patronage returned to the owner/customers.
"I’m proud of FCV’s many accomplishments during my tenure leading this fine organization," said Lawrence. "Our strong financial position ensures we’ll be able to continue delivering on our mission to support rural communities and agriculture long into the future."
Throughout his time leading the organization, Lawrence also focused on developing the next generation of employees to be effective in supporting FCV’s customers through challenging and changing times, demonstrating his commitment to both his customers and his staff.
"Without question, the most gratifying aspect of my career with FCV has been the people I’ve had the good fortune to work with, both our customers and our employee team," said Lawrence. "Agriculture is a great industry filled with dedicated people who consistently strive to improve, and who demonstrate unmatched commitment, integrity and passion. I’ve appreciated being able to spend my career working with such exceptional individuals, both within Farm Credit and out on the farm."
As previously announced, FCV’s board of directors has selected Peery Heldreth to succeed Lawrence. Heldreth has a deep understanding of our rural communities, and more specifically in the industry sectors that are predominate in Virginia, West Virginia and Maryland. Prior to joining Farm Credit, Heldreth gained experience by working in the financial lending industry since 1997.
Farm Credit of the Virginias provides over $1.8 billion dollars in financing to more than 11,000 farmers, agribusinesses and rural homeowners throughout Virginia, West Virginia and western Maryland. Farm Credit is a cooperative capitalized largely through investments made by farmers, ranchers and the rural homeowners and businesses that borrow from them. In fact, as part of a nationwide network they are the largest single provider of agricultural credit in the United States and have been for 100 years. Farm Credit helps maintain and improve the quality of life in rural America and on the farm through its constant commitment to competitive lending, expert financial services and for facilitating and sharing knowledge and resources through the Farm Credit Knowledge Center. For more information, visit
www.FarmCreditKnowledgeCenter.com or www.FarmCreditofVirginias.com.
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