MidAtlantic Farm Credit Announces Restructuring of Board of Directors

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Local agricultural lender, MidAtlantic Farm Credit, has announced a new chairman and vice chairman for their board of directors.

CEO, MidAtlantic Farm Credit

Bob Frazee, CEO

We are very lucky to have such a passionate group of board members.

The directors of MidAtlantic Farm Credit, a local agricultural lender, have announced leadership changes as part of their annual reorganization process. At a recent board meeting, Wayne Lamberston of Pocomoke, Maryland was elected as chairman and Paul Baumgardner of Emmitsburg, Maryland was named vice chairman of the 17 member board.

Prior to serving as chairman, Lambertson held the position of vice chairman since 2012. He is a working farmer, running his family’s grain operation in Pocomoke and overseeing a broiler operation. In addition, Lambertson is a partner in Don’s Seafood Restaurant in Pocomoke, and is involved in the construction business owned by his son, Jason Lambertson.

“Since becoming involved with Farm Credit almost 40 years ago, I’ve learned that no matter what the situation, the customer is always the primary concern,” says Lambertson. “Farm Credit strives to keep up with the needs of their diverse customer base, helping them to retain their value and create lasting relationships. I am proud to be a part of this staple in the agriculture industry and show the younger generations of my family that agriculture is only evolving.”

“We are very lucky to have such a passionate group of board members,” says Bob Frazee, CEO of MidAtlantic Farm Credit. “Because they are farmers, as well as borrowers, they are acutely invested in making sure each customer can continue to count of Farm Credit now and in the future.”

Lambertson has served on the association’s board of directors since 1981 and Baumgardner has served on the board since 2005. In addition to the leadership changes, the board also reorganized their committee structure, naming board members as chairmen of individual committees. Dale Ockels of Milton, Delaware was reappointed chairman of the governance committee; Jeff Jennings of Luray, Virginia was named chairman of the audit committee, and Brian Boyd of Lebanon, Pennsylvania was named chairman of the human resources committee.

For more information about MidAtlantic Farm Credit’s board of directors, please visit mafc.com/board-of-directors.php.

About MidAtlantic Farm Credit
MidAtlantic Farm Credit is an agricultural lending cooperative owned by its member-borrowers. It provides farm loans for land, equipment, livestock and production; crop insurance; and rural home mortgages. The co-op has over 10,500 members and approximately $2.2 billion in loans outstanding. MidAtlantic has branches serving Delaware, Maryland, Pennsylvania, Virginia and West Virginia. It is part of the national Farm Credit System, a network of financial cooperatives established in 1916 to provide a dependable source of credit to farmers and rural America.

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