Daniel Leclerc Appointed to Farm Credit Leasing Board of Directors.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--Dec. 28, 2000 Daniel A. Leclerc, principal of Crestwood Capital & Associates, has been appointed to serve a two-year term as director of Farm Credit Leasing. Leclerc, a leasing industry consultant, is the retired president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Norwest Equipment Finance, Inc., now Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. Equipment Finance, Inc., a leading bank leasing and equipment finance company located in Minneapolis, Minn. Prior to that, Leclerc was the founder and principal owner of Crestwood Capital Corp., a Minneapolis based financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company, acquired by Norwest Corporation in 1989. He has also held marketing and credit positions with St. Paul St. Paul as a missionary he fearlessly confronts the “perils of waters, of robbers, in the city, in the wilderness.” [N.T.: II Cor. 11:26] See : Bravery Leasing Company and GE Capital. Leclerc, a former director of the Equipment Leasing Equipment Leasing is a financing option to lease equipment for a certain amount of time. Leasing Benefits
Revolutionary People's Struggle ), has served on the boards of several leasing and financial services companies. As an appointed, outside director, Leclerc is the only director of FCL's seven-member board from the leasing industry who does not directly represent the stockholders or customers of the leasing corporation. Non-stockholder board members, such as Leclerc, serve two-year terms with a limit of two consecutive terms. By virtue of FCL's charter, Leclerc will be eligible for reappointment reappointment Hospital practice The renewal of medical staff membership and privileges of a practitioner whose previous service on the medical staff has met the staff's standard of Pt care. See Appointment. in 2002. Three of FCL's other board members represent the company's two common stockholder banks in the Farm Credit System. Those individuals are: Chairman Douglas Sims, chief executive officer of CoBank in Denver; Vice Chairman Steven Montgomery, executive vice president, Agribusiness Division, of CoBank; and F.A. (Andy) Lowrey, president and chief executive officer of AgFirst Farm Credit Bank in Columbia, S.C. The remaining three directors represent FCL's cooperative, agribusiness and Farm Credit System customers. They are: Peter Scott, executive vice president and chief financial and administrative officer of Beringer Wine Estates in St. Helena, Calif., and Bill Lipinski, chief executive officer of First Pioneer Farm Credit in Enfield, Conn. The company's board seat designated for a cooperative customer is currently vacant. FCL FCL Facility (Security) Clearance FCL Full Container Load FCL Framework Class Library (Microsoft .NET) FCL Fault Current Limiter FCL Forecastle (ship's hull) provides equipment leasing and related services for all types of vehicles, equipment and machinery to agricultural producers, their cooperatives, rural communications and energy companies and Farm Credit System entities. The company is also actively involved in the syndication of multimillion-dollar lease projects and lease portfolio servicing. It is one of the nation's largest agricultural leasing companies. In addition to its corporate headquarters, FCL maintains 10 sales offices throughout the country. FCL is part of the 84-year-old, $91 billion Farm Credit System, one of the largest and oldest cooperatives in the nation. Today, this national network of approximately 175 borrower-owned banks, associations and service corporations provides production agriculture with approximately one-quarter of its credit and financial needs. CoBank, one of seven banks in the Farm Credit System, is FCL's majority common stockholder. With $24 billion in assets, CoBank specializes in agribusiness, ag export, rural communications and rural energy financing. AgFirst Farm Credit Bank of Columbia, S.C., owns the balance of FCL's common stock. The other five Farm Credit Banks also have an ownership stake of preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. in the company. |
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