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AgCarolina Farm Credit announces director election results
Story Date: 2/2/2016
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Source: AGCAROLINA FARM CREDIT, 2/1/16
One incumbent and one first-time director have been elected to the AgCarolina Farm Credit Board of Directors by the cooperative’s voting stockholders. Bundy Lane, Gates County, was re-elected and Jackie Thompson, Wake County, was elected as a new director. Lane represents the counties of Camden, Currituck, Chowan, Gates, Pasquotank, and Perquimans, while Thompson will represent Granville, Vance, and Wake counties.
The Raleigh based agricultural lending cooperative has 10 North Carolina farmers that serve on its Board, along with two outside directors. The Board of Directors is responsible for directing and monitoring performance of the business and establishing policy for the cooperative.
“We are pleased to have Mr. Thompson join the Board and Mr. Lane back for another term,” said Ellis Taylor, Chairman of the Board of Directors of AgCarolina Farm Credit. “Mr. Thompson will add an additional perspective to our board as we work to provide superior service to our stockholders and direct the financial activities of the Association. Continuing efforts of Mr. Lane from his previous term will be an asset to stockholders of the Association,” Taylor added.
AgCarolina Farm Credit is a farmer owned financial cooperative with headquarters in Raleigh. They are the leading provider of credit to farmers in central and eastern North Carolina. AgCarolina Farm Credit has over $1.4 billion in loans and commitments outstanding to nearly 3,000 North Carolina farmers. Loans are made to finance land, homes, farm buildings, operating expenses, livestock and equipment, as well as other purposes. Credit life insurance, crop insurance, appraisal services, and leasing are also available through AgCarolina Farm Credit.
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