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Farm Credit of the Virginias Names New CEO - Read more
March 09, 2020
Dear Farm Credit of the Virginias Customer-Owner:
Farm Credit of the Virginias (FCV), a cooperative lending institution serving VA, WV and MD, announced a transition in executive leadership on Tuesday, March 2, 2020. Peery Heldreth is no longer serving as Chief Executive Officer for the association. Tenured Farm Credit System executive, Robert “Bob” Frazee, assumed the role of interim CEO.
Frazee brings over 40 years of experience in the financial services industry and leadership within the Farm Credit System to his acting role. Most recently, Frazee served as President and CEO of MidAtlantic Farm Credit until his retirement in 2016. For the past year, he has served as consultant to the FCV board of Directors, providing valuable insight for the board as they continue to ensure the financial soundness and sustainability of the association.
On behalf of the board, we would like to thank Peery for the efforts he made on behalf of the association during his tenure, and wish him and his family the best.
The board looks forward to partnering with Bob Frazee in the capacity of interim acting CEO. We are confident that his experience and track record of proven leadership within the Farm Credit System will serve him well in working with our leadership team and our employees as we continue to provide our customer-owners the highest degree of service and support. Our board has prioritized a focused executive search process.
Chairperson of the Board
About Farm Credit of the Virginias
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 over 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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