Jimmy Dodson was elected chair of the board of directors in January 2012. First elected to the board in 2003, he was vice chair from January 2009 through December 2011. He is one of the board’s financial experts on the bank’s audit committee, and serves on the bank’s compensation committee.
Dodson grows cotton, corn, wheat and milo near Robstown, Texas. He is chair of the Tenth District Farm Credit Council, a founding member of Cotton Leads, and serves on the boards of the Texas Agricultural Cooperative Council and Gulf Coast Cooperative. He also chairs the national Farm Credit Council Board of Directors. Dodson is past chair of the National Cotton Council of America, the American Cotton Producers and the Cotton Foundation. He formerly served on the boards of Cotton Incorporated and FCC Services.
He is a past chair of the Texas AgFinance, FCS Board of Directors and a former member of the Texas Farm Credit District Stockholders Advisory Committee.
Lester Little joined the board of directors in January 2009 and was elected vice chair in January 2012. He serves on the bank’s audit and compensation committees.
Little owns and operates a farm headquartered in Lavaca County, Texas, where his principal crops are corn, milo, hay and wheat. He also offers custom-farming services, primarily reclaiming farms and handling land preparation. Previously, he was chair of the Lavaca Exposition Association and board chair of the Hallettsville Junior Livestock Show. He also was a board member of the Lavaca Central Appraisal District and board chair of the Hallettsville Independent School District.
He is a former chair of the Capital Farm Credit Board of Directors and is a past vice chair of the Texas Farm Credit District Stockholders Advisory Committee.
Buddy Cortese joined the board in 1995, and served as board chair from January 2000 through December 2011. He serves on the bank’s audit and compensation committees.
Cortese is a farmer and rancher from Fort Sumner, New Mexico. He serves on the boards of the Federal Farm Credit Banks Funding Corporation and the Texas Agricultural Cooperative Council.
Before joining the bank board, Cortese was board chair of the Production Credit Association (PCA) of Eastern New Mexico. Early in his career, he was vice president of Roswell PCA. He served on the Federal Agricultural Mortgage Corporation (Farmer Mac) board from 2003 to 2008.
Jack Dailey joined the board of directors in 2019. He is vice chair of the bank’s audit committee, and serves on the bank’s compensation committee.
A resident of Extension, Louisiana, Dailey is an owner and operator of Boeuf Prairie Farm, which produces cotton, corn, soybeans and beef cattle. In addition, he is a manager and the treasurer of Franklin Farmers Alliance LLC, a farmer-owned agricultural retail store.
Dailey chairs the Louisiana Boll Weevil Eradication Commission and the Franklin Parish Fire Protection District 2, and is treasurer of the Franklin Parish Farm Bureau. He also serves on the executive committee of the Louisiana Cotton and Grain Association and the water management task force of the Louisiana Department of Natural Resources. Previously, Dailey was vice chair of the Louisiana Land Bank Board of Directors, where he chaired the governance committee.
Linda C. Floerke has served on the board since 2017. She chairs the bank's compensation committee, and is a member of the bank’s audit committee.
Floerke and her husband raise cattle and hay in Lampasas County, Texas. They are also co-owners of Agro-Tech Services Inc., where she is secretary/treasurer. The company provides liquid fertilizer, crop chemicals, custom application, cattle protein supplements, and other products and services to area farmers and ranchers. In addition, Floerke serves on the Texas A&M AgriLife Extension Leadership Advisory Board for Lampasas County and is a member of the Texas Agricultural Cooperative Council board.
She is a former director or trustee of numerous organizations, including two district school boards and the Girl Scouts of Central Texas, and is a past president of the Lampasas County Chamber of Commerce. Floerke was a director of Lone Star Ag Credit from 2014 to 2016 and Texas Land Bank from 2012 to 2014.
M. Philip Guthrie was appointed to the board in 2015. He is chair of the bank’s audit committee and serves on the bank’s compensation committee.
He is chief executive officer of Denham Partners LLC, a Dallas-based private investment firm, and chief executive officer of Neuro Holdings International LLC, a medical devices firm. He also has served as a director for Neuro Resources Group, a medical devices firm. Early in his career, he was chief financial officer of Southwest Airlines, and later served as chief financial officer of Braniff International during that airline's reorganization. He also was the managing director of Mason Best Co., a Dallas-based investment firm, for 10 years. He has served as chair, director or chief executive officer of several private and public financial service companies, both in banking and insurance.
A Certified Public Accountant and a Chartered Global Management Accountant, Guthrie is audit committee–qualified under the guidelines of the Securities and Exchange Commission, the New York Stock Exchange and Nasdaq. He earned his bachelor's degree in accounting from Louisiana Tech University and his MBA from the University of Michigan.
Guthrie is a stockholder of his family-managed 125-year-old livestock and crop operation in northern Louisiana.
Dorothy Nichols was appointed to the board in May 2019. She is vice chair of the bank’s compensation committee, and serves on the bank’s audit committee.
Nichols spent 30 years as a top executive at federal financial regulators and insurers. She had a 23-year career with the Farm Credit System Insurance Corporation (FCSIC), the government insurer for System debt obligations. She joined the FCSIC in 1995 as its first in-house general counsel, and from 2006 to 2018 she served as its chief operating officer. Previously, Nichols was the first chief operating officer of the Farm Credit Administration, the independent federal agency that regulates and examines Farm Credit institutions and related entities.
Prior to that, Nichols was an associate general counsel at the Federal Deposit Insurance Corporation. She began her government career in 1982 as a trial attorney with the Federal Home Loan Bank Board and the Federal Savings and Loan Insurance Corporation. She holds a bachelor’s degree in history from the University of Maryland and a doctorate in law from George Washington University.