The following was distributed as a News Release on January 7, 2021
FOR IMMEDIATE RELEASE
Current President And CEO, Brenda Frank To Assume New Role With CoBank
Yankee Farm Credit Announces Chief Operations Officer Stepping In As Acting CEO
Williston, VT (January 7, 2021) -
As we start a new year, Yankee Farm Credit is pleased to announce that current Chief Operations Officer Michael Farmer will be stepping in as our acting CEO effective January 1, 2021. Today’s announcement follows current CEO, Brenda Frank’s, acceptance of the role of Executive Vice President, Farm Credit Banking with CoBank, Yankee Farm Credit’s funding bank. Ms. Frank has agreed to remain with Yankee in a full-time advisory role to ensure a smooth transition before joining CoBank’s team.
The Board is confident that Mr. Farmer’s 30 years of service and experience leading many functions for the ACA, will serve Yankee well during this interim transition period, and appreciates Ms. Frank agreeing to remain in a full-time advisory role through this period.
“While it’s hard to leave a team of people as dedicated as Yankee’s employees, I know it’s in very good hands” shared Frank.
This interim arrangement will allow Yankee’s team to continue to focus on its members and build on the positive directions the Association has taken under Ms. Frank’s leadership.
Board Chair Celeste Kane-Stebbins views this announcement as an opportunity to review what Yankee’s team has accomplished together and to chart where to focus next, commenting:
“Mike will do a great job and at the same time, the Yankee Board of Directors take pride in Brenda being hired into a position with CoBank where she can bring value to farmers in our region and across the country. We wish her the best as she heads into her new position. This is good news for agriculture.”
Yankee Farm Credit is a member-owned cooperative that provides loans and financial services to farmers and other rural customers. Yankee is an agricultural credit association (ACA) within the national Farm Credit System. Yankee serves all of Vermont, four counties in New Hampshire (Cheshire, Coos, Grafton and Sullivan) and two counties in New York (Clinton and Essex).
For more information about Yankee, visit the Association’s website at www.yankeefarmcredit.com