Farmer Mac Elects New Directors

The Federal Agricultural Mortgage Corp. has announced that 10 directors -- including three new directors who defeated nominees of the company's board -- were elected to one-year terms on Farmer Mac's board at the June 5 annual stockholders' meeting. The three new directors -- James R. Engebretsen, Clark Maxwell, and Brian J. O'Keane -- replace Timothy F. Kenny, Charles E. Kruse, and Ralph W. Cortese, respectively, who had been nominees of the board, Farmer Mac reported. Mr. Engebretsen is the MBA director and assistant dean of corporate relations and career services at the Marriott School of Management at Brigham Young University; Mr. Maxwell is a vice president and director of accounting policy and global accounting services at Chatham Financial Corp.; and Mr. O'Keane is the senior vice president and chief financial officer of AgriBank FCB, the largest of five banks in the national Farm Credit System. Farmer Mac, a government-sponsored enterprise, can be found on the Web at http://www.farmermac.com.