Banker Isaac Bennett, ‘90, featured in Nov. 7 Executive Speaker Series

Friday, November 02, 2007

The next installment of SC State’s weekly Executive Speaker Series will feature alumnus Isaac Bennett, vice president of capital markets for Farm Credit Bank of Texas.ORANGEBURG – The next installment of SC State’s weekly Executive Speaker Series will feature alumnus Isaac Bennett, vice president of capital markets for Farm Credit Bank of Texas.

The lecture, which will focus on management, finance and banking, will be held on Wednesday, Nov. 7, at 12 p.m. in the Belcher Hall fourth floor auditorium. For additional information, contact Dr. Ann S. Winstead at (803) 516-4864 or Debbie Morant at (803) 536-7138.

In October 2003, Isaac Bennett, ‘90, joined the Capital Markets Group of the Farm Credit Bank of Texas in Austin, Texas, as one of the initial members of the group. In June 2005, he was named Unit Manager of the Capital Markets Group, leading a team of seven. Since its inception, by the end of June 2007, loan volume grew from approximately $800 million, to over $2.4 billion. Net earnings for the bank are projected to exceed $70 million for the fiscal year ending December 2007.

Farm Credit Bank of Texas, headquartered in Austin, Texas, is a cooperatively owned wholesale bank with assets of $13.4 billion. The Bank is a part of the nationwide Farm Credit System, established by Congress in 1916. With affiliated lending cooperatives, Farm Credit Bank comprises the $16.4 billion Tenth Farm Credit District, the single largest rural lending network serving Alabama, Louisiana, Mississippi, New Mexico and Texas. Loan funds and services are provided to 20 retail-lending co-ops and four financing institutions. Lenders make loans for rural real estate, agribusiness and agricultural production. Farm Credit Bank is also active in the capital markets arena, participating in large-loan opportunities with the food, agribusiness, rural utility, and rural communications sectors.

Before joining Farm Credit Bank of Texas, Bennett served in various capacities with Ag South Farm Credit Bank in South Carolina, including loan officer, branch manager and vice president. From 1999 through 2000, he also served as assistant to the president of SC State University.

Bennett currently serves (or has formerly served) the community through membership in the Austin chapter of the National Black MBA Association, Alpha Phi Alpha Fraternity Inc., Orangeburg County Development Board and the Orangeburg County Chamber of Commerce, for which he served as board chairman.

He is a 1989 graduate of Leadership South Carolina, and SC State’s School of Business recognized Bennett as its 1997 Alumnus of the Year.

Bennett received a Bachelor of Science degree in agriculture from the University of Tennessee and the Master of Science degree in agribusiness and economics from SC State. He is also a graduate of the Louisiana State University School of Banking.

Bennett is married to Vivian Ross-Bennett, former Orangeburg County Probate Judge. He is the father to one daughter, Kristen Camille.

The Executive Speaker Series was implemented in the core curriculum of the School of Business in 1996 as a component of the Leadership and Professional development Program, which all business majors are required to complete. The series exposes students to various aspects of the workplace, including viewpoints of leaders who are on the cutting edge of business, industry and government. The Executive Speaker Series is sponsored by the College of Business and Applied Professional Sciences.

Past participants have come from a wide array of companies and industries, including Pfizer Inc., Springs Industries, Bowater Inc., Ernst & Young, AT&T, Ameriprise Financial, Black Enterprise, Blue Cross Blue Shield, SCANA, Sonoco, Bank of America, Johnson Controls, Milliken & Company and the Federal Deposit Insurance Corporation (FDIC).