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Immediate Release: AgSouth Farm Credit & Carolina Farm Credit Announce Intent to Merge.

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Directors

Phillip E. Love, Jr.

Phillip E. Love, Jr.  worked for 38 years with the South Carolina Farm Bureau Mutual Insurance Companies, retiring as CEO in 2013. During his tenure he served in various capacities including State Manager of Southern Farm Bureau Casualty Insurance Company and Assistant Secretary of South Carolina Farm Bureau Investment LLC, South Carolina Farm Bureau Insurance Agency, and South Carolina Farm Bureau Services, LLC. Mr. Love is the Chairman of the board of directors of Amerisure Mutual Insurance Company and serves as a director on the boards of National Conference of Insurance Guaranty Funds, South Carolina Medical Malpractice Liability Insurance Joint Underwriting Association, South Carolina Property and Casualty Guaranty Fund, and South Carolina Windstorm, Hail Underwriting Association and Chairman for Agency Business Solutions, LLC. Mr. Love serves as an outside director and serves on the Audit Committee and is the At-Large member of the Executive and Compensation Committee.