FCS Financial: One Hundred Years July 2016 | Page 50

Daryl Oldvader, whose nearly forty-one years with FCS
Financial included thirty-six years as a chief executive officer,
began with the Federal Land Bank Association right out of college
in 1972. The bank had one product at the time, a variable rate loan
at 7.5 percent. He started as a field representative for the Federal
Land Bank in St. Louis and shortly thereafter was chosen as branch
manager in Lee’s Summit. After four years, he became CEO of the
Federal Land Bank Association of Cameron/Albany which later
became the Federal Land Bank Association of Northwest Missouri.
“The 1970s were the Glory Years of agriculture,” Daryl recalled. “It
seemed like nothing bad could happen. Our farmers were buying
equipment, livestock, the ag economy was good, exports were good,
interest rates were stable, the economy in general was stable . . .
producers felt they couldn’t do anything wrong. It was a time of
euphoria in agriculture.”

The Fayette field office was a modest brick
storefront up to the early 1970s.
The Sedalia office in 1973 had the initials PCA and FLB
worked into the design of the wrought iron railing.

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Selected References