Executive Leadership Updates: Retirements and Structural Changes

AgFirst Farm Credit Bank today announced several important leadership changes that will shape the bank’s future direction. These changes include two major retirements and a refreshed organizational structure designed to support AgFirst’s long‑term strategy.

Chief Credit Officer Pat Calhoun and Chief Risk Officer Chad Toney will both retire on May 1 after decades of dedicated service to Farm Credit.

“Pat and Chad have been instrumental leaders, strengthening our district’s operations over the years. Their contributions have left a lasting impact on our bank, district and the Farm Credit System as a whole,” said AgFirst CEO Marion Harris. “They will be missed, but we wish them well as they begin this next chapter.”

Jamie Bumgarner, former Chief Administrative Officer, has been named to the newly created Chief Lending Officer role, taking on expanded responsibilities, including our Capital Markets and Correspondent Lending divisions. The Chief Credit Officer role will not be backfilled.

Chief Financial Officer Stephen Gilbert has been named the bank’s new Chief Audit Executive by the bank’s Board of Directors. A search is underway for a new CFO. However, Gilbert will remain in that role and Shannon Eichelberger will remain interim Chief Audit Executive until a new CFO is onboarded.

A search is also underway for a new Chief Risk Officer.

“This structural reorganization fully aligns our leadership team with our strategic vision, enabling us to better serve our partner associations and the farmers and ranchers we support,” Harris said.