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NEWS RELEASE

January 28, 2008

Contact: Karen Walters (309) 268-0254

RUMBOLD APPOINTED TO

BOARD OF DIRECTORS

 

NORMAL – Michael Rumbold of Wyoming has been appointed to the 1st Farm Credit Services board of directors.

 

Rumbold, the CEO/President of Rumbold and Kuhn Inc., a family-owned grain elevator with locations in Henry, Stark and Peoria counties, was selected by the board of directors to represent agri-business clients served by 1st Farm Credit Services.

 

“My goal is to further the association and prepare it for the future in the fast changing agriculture industry,” he said.  “I also want to make services available to a wide spectrum of individuals and businesses that can be served by 1st Farm Credit Services.”

 

1st Farm Credit Services, ACA, has a board of 17 directors, including two outside directors and one appointed director. Rumbold is in the appointed director position. 

 

Rumbold has been a client-owner of 1st Farm Credit Services for more than 27 years, and is involved in a farming operation with his four brothers.

 

Along with his duties with the elevator business, Rumbold is the president of Lincoln Land Rail, a grain storage and shipping enterprise, and is on the board of directors of Big River Resources, a company working to build various ethanol plants.

 

Rumbold is active in his community, and is the president of the Stark County District 100 School Board.

1st Farm Credit Services leads the industry in agriculture loans, risk management products and various services such as crop insurance, loan and lease options, as well as agricultural real estate appraisals. The cooperative serves 42 counties in the northern half of Illinois through its 18 local offices.

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