Tri-County Chairman Elected to National Bank Board

MANSFIELD, PA (February 20, 2006) - Dr. James R. Davis, board chairman at Tri-County Rural Electric Cooperative, has been elected to serve on a national cooperative banking board.

Davis won election to a three-year term on the National Cooperative Services Corporation (NCSC) board of directors during its annual organizational meeting Feb. 20 in Orlando, Fla.

“I am honored to represent Tri-County and the Northeast on the NCSC board,” Davis said. “NCSC provides invaluable services to its member cooperatives, and I am looking forward to my involvement with the organization.”

NCSC is a member-owned cooperative association that provides electric cooperatives and their affiliates with specialized financing and related services. The banking cooperative is governed by an 11-member board of directors chosen from five geographically defined districts in the country.

As Davis joined the board representing the Northeast in District 1, Tri-County Rural Electric’s president and chief executive officer, Robert O. Toombs of Mansfield, rotated off of the board after concluding his third and final 3-year term. Directors may serve no more than three terms on the NCSC board.

A self-employed educational consultant and advising faculty member of NOVA Southeastern University, Davis is retired from the Northern Tioga School District, where he had served as assistant superintendent.

Davis and business partner Daniel Perna co-authored a textbook, “Aligning Standards and Curriculum for Classroom Success,” that is used in workshops they conduct, as well as curriculum classes taught at the college level. Originally printed in 2000, a second edition of the textbook is expected to be published this summer.

Davis holds a doctorate degree in educational administration from New Mexico State University, a master’s degree in guidance and counseling from Alfred University, and a bachelor’s degree in mathematics education from Mansfield University.

He and his wife, Elaine, reside in Elkland. They have three grown sons, Tom, Matt and Jared.

Davis was appointed to the Tri-County board of directors in April 2001, won election to a 3-year term on the co-op board in October 2003, and became board chairman in July 2005. He also serves on the boards of directors of Allegheny Electric Cooperative, Tri-County’s wholesale power supplier; Susquehanna Energy Plus, Mansfield; and River Valley Country Club, Westfield.

NCSC, based in Herndon, Va., oversees over $850 million in assets and operates through a management agreement with the National Rural Utilities Cooperative Finance Corporation (CFC). CFC, formed in 1969, is a member-owned financial institution that provides state-of-the-art financial products to approximately 1,050 electric cooperative members in 49 states, District of Columbia, and three U.S. territories. CFC has total loans and guarantees outstanding that exceed $20 billion.

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