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Senior Management

Larry R. Doyle

Larry R. Doyle, Chief Executive Officer

Larry Doyle has led the Farm Credit Bank of Texas since March 2003, when he was named chief executive officer.

Previously, he was executive vice president and chief operating officer of AgFirst Farm Credit Bank in Columbia, S.C. During his five years in that position, he oversaw the bank’s operations, lending, finance, legal and information management departments.

Doyle is a past director of the Federal Farm Credit Banks Funding Corporation. He currently serves on the executive and business practices committees of the Farm Credit System Presidents Planning Committee. Doyle also serves on the National Council of Farmer Cooperatives Executive Council.

He is a native of Horry County, S.C. He earned his bachelor of science degree in business administration, banking and finance, and his MBA in finance from the University of South Carolina, Columbia.

Kurt Thomas

Kurt Thomas, Chief Credit Officer

Kurt Thomas is senior vice president and chief credit officer of the Farm Credit Bank of Texas. He is responsible for the bank’s credit division, which includes capital markets, association direct lending, business services, credit operations and risk management.

Previously, Thomas was vice president and unit manager of the bank’s association direct lending group. Since joining the bank in 1981, he has held various other positions including regional vice president and vice president of credit operations. Before starting his Farm Credit career, he was a regional manager with Old Republic International Corporation.

Thomas earned his bachelor’s degree in agribusiness from Southwest Texas State University, now known as Texas State University. He is a partner in a family ranching operation in Mason County, Texas.

Carolyn Owen

Carolyn Owen, Senior Vice President, General Counsel

Carolyn Owen was named senior vice president of corporate affairs, general counsel and corporate secretary, effective April 6. For the past several years, she has served as the bank’s vice president and deputy general counsel.

A 30-year Farm Credit veteran, Owen joined the legal department of the Federal Intermediate Credit Bank of Texas in 1983. She has held various positions within the bank’s legal department, including attorney, senior attorney, associate general counsel and assistant general counsel. At the national level, Owen has served on the Farm Credit System Workgroup on Mission-Related Investments. She is currently a member of the System’s Capital Workgroup, which is providing input to the Farm Credit Administration in the development of new capital adequacy regulations based on the Basel III Accord.

Owen graduated from the University of New Mexico and received her Doctor of Jurisprudence from the University of Texas. She is a member of the State Bar of Texas.
Amie Pala

Amie Pala, Chief Financial Officer

Amie Pala is the chief financial officer of the Farm Credit Bank of Texas. She is responsible for finance, treasury and cash operations, interest rate risk management, debt, derivatives and capital issuance, financial planning and analysis, investment portfolio and liquidity management, accounting and financial reporting, loan accounting operations, Sarbanes Oxley and internal controls over financial reporting. She serves on national committees including the Farm Credit System financial disclosure committee and the System’s capital workgroup.

Previously, she was vice president and treasurer of the bank. Before joining the bank, she worked for American Express and First City National Bank.

Amie holds a degree in finance from the University of Texas and an MBA from the University of Dallas. She is also a certified international cash manager (CERT-ICM) with the Association of Corporate Treasurers.

Michael Elliott

Michael Elliott, Chief Information Officer

Michael Elliott is the chief information officer of the Farm Credit Bank of Texas (FCBT). In this capacity, he is responsible for core technology activities including computing services, connectivity services, application development, information security, compliance, disaster recovery planning, enterprise architecture, monitoring, change control, and issue and problem management. Previously, he was vice president of information technology.

In 1999, Elliott began his Farm Credit career in the FCBT information technology department, where he has served in various areas, including software development, project management and business analysis.

Prior to joining Farm Credit, Elliott worked in a number of different industries developing and implementing software packages for global Fortune 500 companies in Africa, Europe and the USA. He studied information technology at Cape Peninsula University of Technology in Cape Town, South Africa. He also served in the South African Army before becoming involved in the software industry.

Stan Ray

Stan Ray, Chief Administrative Officer

Stan Ray is chief administrative officer for the Farm Credit Bank of Texas. In this role, he oversees the bank’s marketing, communications, event coordination, government relations and administrative services teams. Previously, Ray was vice president of marketing and corporate relations. He joined the bank in 1995 as vice president of legislative affairs.

Prior to his Farm Credit employment, Ray worked in Washington, D.C., as legislative assistant to a U.S. congressman. He went on to hold the position of staff director for two different congressional subcommittees in the U.S. House of Representatives.

Ray is president of the Texas District Farm Credit Council and a board member of the Texas FFA Foundation, the Texas Agricultural Cooperative Council and Rodeo Austin. In addition, he represents the Texas Farm Credit District on the Systemwide Reputation Management Workgroup and the Farm Credit Benefits Alliance Plan Sponsor Committee.

Ray grew up on a ranch in West Texas and graduated from Texas Tech University with a degree in agricultural education. While working in Washington, he earned his master’s degree in international transactions from George Mason University and studied abroad at the University of Oxford. In addition, Ray holds an MBA from Baylor University.

Susan Wallar

Susan Wallar, Chief Audit Executive

Susan Wallar oversees the activities of the Internal Audit department and the Credit Review function for the Farm Credit Bank of Texas. She joined the bank in February 1996 as the senior auditor, was promoted to vice president in 2000, and was appointed chief audit executive in 2012.

Wallar is a member of the Institute of Internal Auditors and is a Certified Financial Services Auditor. In 2011, she was appointed to the board of governors of the Farm Credit System Association Captive Insurance Company, where she currently serves as chairman of the audit committee. She is a member of the Farm Credit System Review, Audit and Appraisal Workgroup (RAAW).

In her current position, Wallar is responsible for assessing level of risk in bank activities to ensure sufficient audit coverage, and works closely with the bank’s Audit Committee. Her department facilitates the Farm Credit Administration’s examination process and works with external auditors.

Wallar graduated from Southwest Texas State University with a bachelor of business administration degree in accounting. She worked with the U.S. Office of the Comptroller of the Currency for 10 years prior to coming to the bank.