Farm Credit Promotes Close to Chief Risk Officer
Farm Credit of the Virginias (FCV), a lending cooperative serving Virginia, West Virginia and western Maryland, announced that previous director of enterprise risk management and compliance, Dana Close, was recently promoted to chief risk officer.
Close is a native of Roanoke, Va., where she still resides with her family. She attended Averett University, where she earned a Bachelor of Science degree in business administration. She is a Certified Regulatory Compliance Manager (CRCM) through the Institute of Certified Bankers and holds an Operational Risk Management Certificate from the American Banker’s Association.
Close joined the FCV team as a compliance analyst in 2015 with more than 25 years of experience in compliance, operations and risk management. She was promoted in 2020 to director of compliance and loan operations, and most recently served as director of enterprise risk management and compliance. During her nearly 11-year tenure with FCV, Close has led multidisciplinary teams spanning first-line operational functions and second-line risk, compliance and governance roles, tailoring leadership, communication and performance strategies to align with varying technical expertise, analytical rigor and business objectives.
Regarding her new position, Close is eager to leverage her extensive experience in enterprise risk management, compliance, governance and strategic leadership to support the continued success of Farm Credit of the Virginias. She shared, “I am honored to assume the role of Chief Risk Officer and grateful for the trust placed in me by our executive team and board of directors. In this position, I look forward to strengthening our risk management framework, fostering a culture of accountability and innovation and helping ensure Farm Credit of the Virginias remains a trusted financial partner for agriculture and rural communities.”
Pete Cypret, FCV’s CEO, shared, “Dana’s energy, dedication and leadership has helped our cooperative grow and better serve our members. As we continue to grow, Dana’s compliance and risk experience will help ensure continue to honor our commitment to be vigilant stewards of member resources as we navigate change and risk. I look forward to working with Dana as she joins our executive team and works with our board directors to make sound, risk-informed decisions to meet the changing needs of our members and rural communities.”
About Farm Credit of the Virginias
Farm Credit of the Virginias provides over $2.5 billion dollars in financing to more than 12,500 farmers, agribusinesses and rural homeowners throughout Virginia, West Virginia and western Maryland. Farm Credit is a cooperative capitalized largely through investments made by farmers, ranchers and the rural homeowners and businesses that borrow from them. In fact, as part of a nationwide network they are the largest single provider of agricultural credit in the United States and have been for over 100 years. Farm Credit helps maintain and improve the quality of life in rural America and on the farm through its constant commitment to competitive lending, expert financial services and for facilitating and sharing knowledge and resources through the Farm Credit Knowledge Center.