|News Release||Farm Credit Administration|
1501 Farm Credit Drive
McLean, Virginia 22102-5090
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For Immediate Release
Contact: Mike Stokke or Christine Quinn, 703-883-4056
FCA Board Names Chief Examiner and
Director of the Office of Examination
McLEAN, Va., August 31, 2010 — The Farm Credit Administration (FCA or agency) Board today announced the appointment of S. Robert Coleman as the agency’s chief examiner and director of the Office of Examination. The appointment is effective October 1. He will succeed Thomas G. McKenzie, who earlier this year announced plans to retire at the end of October.
In this role, Mr. Coleman is responsible for programs of examination and supervision of each Farm Credit System (System) institution, in accordance with the Farm Credit Act of 1971, as amended, and applicable regulations. Under his leadership, the Office of Examination develops oversight plans; conducts examinations; monitors the System’s condition, risks, and emerging risks; and develops supervisory strategies to ensure that the System operates in a safe and sound manner and fulfills its public policy purpose.
“Robert comes to the position with broad regulatory and examination experience, having served in several key roles at the agency during the past 24 years,” said FCA Chairman and CEO Leland A. Strom. “The knowledge and skills Robert has acquired during his career will serve the agency well in continuing to carry out a strong and effective examination program. This is especially important as we continue to face a more challenging agricultural environment.”
Mr. Coleman joined FCA in 1986 after graduating from Virginia Polytechnic Institute and State University in Blacksburg, Va., with a bachelor’s degree in agricultural economics. He has held several positions with the agency, beginning with the Office of Examination where he became a commissioned FCA examiner in 1990.
From 2003 to 2005, Mr. Coleman served as director of the Regulation and Policy Division where he was responsible for managing and coordinating the development of agency policy and regulations on behalf of the FCA Board and for overseeing System bank debt issuance. Since 2005, he has served as director of the Office of Secondary Market Oversight where he was responsible for the examination, supervision and regulation of the Federal Agricultural Mortgage Corporation (Farmer Mac).
Mr. Coleman is a Chartered Financial Analyst from the CFA Institute. He and his wife, Susan, have three children and live in Oak Hill, Va.
The Farm Credit Administration is the safety and soundness regulator of the cooperative Farm Credit System and the Federal Agricultural Mortgage Corporation (Farmer Mac). FCA charters, regulates, and examines the 98 banks, associations, and service corporations of the Farm Credit System, which makes loans to agricultural producers and their cooperatives nationwide. FCA also examines and regulates Farmer Mac, which provides a secondary market for agricultural real estate loans, rural housing mortgage loans, and certain rural utility loans. Members of the FCA Board are Leland A. Strom, Chairman and CEO; Kenneth A. Spearman; and Jill Long Thompson.
Note: FCA news releases are available at www.fca.gov.