FCS Financial CEO Announces Retirement

After more than 40 years of service to FCS Financial and the Farm Credit System, Daryl Oldvader, Chief Executive Officer, has announced his retirement effective December 31, 2012.

“Under Daryl’s leadership, FCS Financial has grown to serve more than 14,500 farmers and rural residents in Missouri which equates to $2.8 billion in loan volume,” says James Nivens, FCS Financial Board Chair. “Risk and volatility in agriculture are common. Daryl guided the association forward through both good and bad economic times while preserving the strength and integrity of the company.”

Oldvader’s career began in 1972 after graduating from the University of Missouri’s College of Agriculture, Food and Natural Resources with honors in agriculture economics. That same year, he became a credit representative for Farm Credit Services. Moving quickly through the ranks, Oldvader served as a branch manager before becoming a CEO and served in that capacity for the past 36 years. However, Oldvader’s dedication to agriculture and rural America runs just as deep. He has served on many state, national and Farm Credit Bank committees and boards including the Governor’s Task Force on 21st Century Agriculture and former Governor Matt Blunt’s Advisory Council on Agriculture.

This December, Oldvader will receive Missouri Farm Bureau’s Outstanding Service to Agriculture Award, the highest recognition given by that organization. In 2006, Oldvader was recognized by the Missouri Vocational Agriculture Teachers as the outstanding cooperator for his work with FFA and vocational agricultural students. He has received the Honorary American and State FFA degrees. In 2002, Oldvader was named Alumnus of the Year for the College of Agriculture, Food and Natural Resources at the University of Missouri, Columbia. He currently serves on the Vice Chancellor’s Leadership Council for the College.

“The decision to retire has been a difficult one. I have had the honor and privilege to not only serve Missouri’s agriculture industry but to work with an extraordinary team at FCS Financial who is dedicated to quality performance and service,” says Oldvader. “I have no doubt they will continue to work together to serve the financial needs of rural Missouri.”

The FCS Financial Board of Directors has begun a search for a new CEO. FCS Financial is a member of the Farm Credit System. The system is a nationwide network of cooperative lending institutions that provides credit and financial services to farmers, ranchers, rural residents and agribusinesses. With more than 95 years of agricultural lending experience, the Farm Credit System is the largest single provider of agricultural credit in the United States. FCS Financial serves 102 counties in Missouri through 24 branch office locations.