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AgriBank CEO steps down

AgriBank FCB CEO William Thone has stepped down after occupying the position for more than a year.

He had been CEO since December 2016 after serving as interim CEO from August 2016. Thone will remain with AgriBank for several months on a consulting basis to ensure a smooth leadership transition before retiring.

AgriBank appointed Jeffrey Swanhorst as his replacement, effective April 2. Swanhorst has served as chief credit officer of AgriBank since August 2011.