Farm Credit Bank of Texas announces retirement of Isaac Bennett, EVP chief credit officer, elevation of Ryan Schuberth and Aaron Wiechman effective January 1, 2025

AUSTIN, Texas - Isaac Bennett, Farm Credit Bank of Texas (FCBT) executive vice president chief credit officer, has announced his retirement for the end of 2024, after a 37-year career with Farm Credit. Bennett's impressive legacy over the past three decades spans multiple Farm Credit institutions, including AgSouth Farm Credit where he started his career as vice president, AgFirst Farm Credit bank, and most recently Farm Credit Bank of Texas.

Starting with FCBT 21 years ago, Bennett was a member of the original credit group that built the bank's capital markets team, which has expanded to a portfolio over $13 billion today. Under his leadership, Bennett's credit division leads all credit analysis, credit risk, capital markets and agribusiness lending needs of the bank and supports the district's 13 affiliated associations with their credit activities.

"My career with Farm Credit has been the honor of a lifetime. Working alongside amazing team-members with the privilege to serve farmers, ranchers, and ag related businesses across rural America. I'm grateful for the opportunity I've been given to serve as chief credit officer and am confident in my successors to continue leading these teams well," said Isaac Bennett.

With Bennett's retirement, the existing credit division will remain divided in two standalone units for segregation of duties purposes: a credit division and a lending division. Two members of Bennett's current senior management team will assume the full leadership responsibilities of these two units effective January 1, 2025.

Ryan Schuberth, current FCBT SVP chief credit risk officer, has been tapped for the chief credit officer role to lead the credit division. This group will be responsible for managing credit risk and credit analysis related to the bank's loan portfolio. Ria Estrada and her credit analysis team will report into the credit division. Schuberth will also continue to oversee the bank's credit risk management and credit operations teams.

Aaron Wiechman, current FCBT SVP chief lending officer, will assume all leadership responsibilities of the lending division, managing the capital markets and agribusiness lending teams along with the bank's relationship managers. Wiechman's lending operations group will continue to be responsible for managing the direct note relationship with associations and providing lending support to associations on sourcing loan relationships.

Both Schuberth and Wiechman are being promoted to executive vice president and will report directly to CEO Amie Pala.

Ryan Schuberth joined FCBT in 2015 as its portfolio risk and analytics manager and has been in the Farm Credit System since 2009. Aaron Wiechman joined FCBT in 2013, most recently serving as vice president and regional manager prior to being promoted to SVP chief lending officer in 2023.

"Isaac has been an essential member of the bank's executive team for many years. His dedication to rural America and the people Farm Credit serves has been exemplary. We will miss him at the bank but are excited for his retirement years. I am confident in the leadership of both Ryan and Aaron to continue supporting the credit and lending needs of the bank and district," said Amie Pala, Farm Credit Bank of Texas chief executive officer.

About Farm Credit Bank of Texas

Farm Credit Bank of Texas is a cooperatively owned wholesale bank that finances agriculture and rural America within the Texas Farm Credit District. It funds 13 affiliated associations and two other financing institutions, enabling them to make loans to farmers, ranchers, agribusinesses, and rural property owners. It also partners with other lenders to finance agricultural production and processing, essential rural infrastructure and more. The bank is part of the Farm Credit System , the nation's oldest and largest source of rural financing.

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