|News Release||Farm Credit Administration|
1501 Farm Credit Drive
McLean, Virginia 22102-5090
For Immediate Release
NR 08-10 (07-02-08)
Contact: Martha Schober or Christine Quinn, 703-883-4056
Web site: www.fca.gov
William Hoffman Named Chief Operating Officer for Farm Credit Administration
McLEAN, Va., July 2, 2008 — William J. Hoffman has been named Chief Operating Officer for the Farm Credit Administration (FCA or Agency). The appointment will be effective July 6.
“Bill brings a wealth of experience to the position, both with the Agency and the Farm Credit System (FCS), including 25 years of management experience,” said FCA Chairman and CEO Leland A. Strom. “I especially value Bill’s skills and solid proven experience as CEO of an FCS association and vice president of risk assets at a Farm Credit bank, which will serve me and the Agency well as we face a more challenging and volatile agricultural environment.”
Mr. Hoffman has most recently served the Agency as Executive Assistant to Board Member and former Chairman and CEO Nancy C. Pellett. Before this position, he served as the Associate Director for Examination and Supervision in the Office of Secondary Market Oversight, which oversees the Federal Agricultural Mortgage Corporation. He began his career as a credit representative in the Louisville Farm Credit District.
Mr. Hoffman first joined FCA in 1976 as a credit and operations officer and went on to work in various divisions of the Office of Supervision, where he handled supervisory responsibilities for several Farm Credit districts. In 1980 he became director of the Eastern Division, Office of Supervision, where he served for four years before being named Associate Deputy Governor for the Office of Examination and Supervision.
In 1986 he joined the St. Louis Farm Credit Bank as vice president of risk assets. He later was the CEO of PennWest Farm Credit, ACA, which served western Pennsylvania. Before rejoining FCA in 2004, he was involved in agricultural finance in the private sector and several international projects.
FCA is a federal regulatory agency headquartered in McLean, Virginia. The three-member FCA Board sets policy for the Agency, which is responsible for ensuring the safe and sound operation of the banks, associations, affiliated service organizations, and other entities that compose the Farm Credit System.
The Farm Credit Administration is the safety and soundness regulator of the cooperative Farm Credit System. FCA charters, regulates, and examines the 106 banks, associations, and service corporations of the System. System institutions make loans to agricultural producers and their cooperatives nationwide. Members of the FCA Board are Leland A. Strom, Chairman and CEO, Nancy C. Pellett, and Dallas P. Tonsager.
Note: FCA news releases are available on the Internet at www.fca.gov.