AUBURN, Maine — Farm Credit East recently announced the retirement of Fred Morton after 40 years with Farm Credit East and its predecessor organizations, effective March 1, 2020. A native of Yarmouth, Maine, he has served in a variety of roles since starting in Auburn, Maine as a loan officer in 1979, most recently serving as executive vice president and regional manager, overseeing five offices: two in Maine, as well as offices in Connecticut, Massachusetts and New Hampshire.
Having spent his entire Farm Credit career in Maine, Morton has played a major role in growing Farm Credit East’s business in the state. With offices in Auburn and Presque Isle, Farm Credit East has 841 customers and more than $700 million in loan commitments in the state, providing capital and financial services to a wide variety of large and small farm, forest products and fishing businesses.
“It has been an honor to serve the hardworking men and women who provide the food and fiber that we all enjoy,” said Morton. At a recent retirement event, Morton shared stories of meeting with customers in all corners of the state, including visits to fishing customers on the coastal islands by ferry or taking the mail plane on occasion. “I had to make sure I finished all my appointments to get back in time for the return trip,” he recalled.
“Fred has been deeply involved in supporting all the industries Farm Credit serves,” said Farm Credit East board member Peter Triandafillou of Huber Resources Corp in Old Town, Maine. “He has been very active, giving his time to serve in leadership roles for a number of industry organizations.” Some of his current roles include serving as a director on the Maine Forest Products Council, Maine TREE Foundation and the University of Maine’s Board of Agriculture among many other current and former affiliations.
“Because Farm Credit specializes in agriculture, forest products and fishing, it has dedicated staff like Fred, who understand the cyclical nature of those industries,” said Farm Credit East board member Jim Robbins, of Robbins Lumber Inc. in Searsmont, Maine. “Fred has been a key advisor to our family’s business for nearly 40 years, and we wish him all the best in retirement.”
After his retirement, Morton will be replaced by Keith Stechschulte, a 27-year Farm Credit veteran who formerly managed the Enfield, Connecticut and Riverhead, New York branch offices for the cooperative.
–Farm Credit East