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For Immediate Release
April 10, 2005

AUSTIN, Texas - The Austin-based Farm Credit Bank of Texas (FCBT) has promoted Isaac E. Bennett to vice president and unit manager of its Capital Markets Group. In this position, he will oversee a portfolio that totaled more than $1.2 billion in assets as of March 31, 2005.

Bennett joined the bank in October 2003 as a vice president and capital markets officer in the newly formed group. The Capital Markets loan volume has experienced 285 percent growth since the group's inception. The Capital Markets Group provides capital and liquidity for national and multinational food and agribusiness firms, rural utilities and rural communications companies.

Prior to joining the Farm Credit Bank of Texas, Bennett was vice president of capital markets with AgFirst Farm Credit Bank in Columbia, S.C., for three years. In that position, he developed and managed a portfolio of more than $300 million.

Previously, Bennett was assistant to the president of South Carolina State University, serving as liaison with the university's board of trustees and coordinating constituency relations and legislative affairs. He also was vice president of Edisto Farm Credit, ACA in Orangeburg, S.C.

Bennett is a graduate of the Louisiana State University School of Banking. He holds a master's degree in agribusiness and economics from South Carolina State University and a bachelor's degree from the University of Tennessee.