Paris, Texas -
Lone Star, ACA (Lone Star Ag Credit), the premier ag-lender in Texas, hosted their 6th Annual Appreciation Dinner on May 22nd. The dinner was held at the Love Civic Center for the stockholders and guests of the Paris Credit Office. The event is to thank them for helping make 2007 an extremely successful year and for their continued support of the association. The dinner celebrated a $5,000,000 cash patronage that will be paid out to stockholders in the first quarter of 2008. The association’s credit quality and earnings were excellent in 2007 along with continued demand for real estate and significant growth in the associations’ livestock, dairy and agribusiness portfolios.
“Lone Star Ag Credit was excited to see more than 200 stockholders in attendance this year. Next year we will work towards having this event in June to make it easier for everyone to attend.” says James Welch, Lone Star Ag Credit Regional President. “This event is a small way to say thank you to our stockholders for all they do.”
For more than 90 years, Lone Star Ag Credit has been a reliable source of financing for Rural America. Lone Star Ag Credit is a $1 billion customer-owned cooperative that provides courteous, accurate service through a well-trained, highly motivated staff. Lone Star Ag Credit offers a wide variety of loan programs at competitive rates including agricultural and recreational real estate, rural homes, operating, equipment, livestock, and agribusiness loans. Lone Star Ag Credit’s administrative office is located in Fort Worth with credit offices located in Sweetwater, Abilene, Stephenville, Weatherford, Cleburne, Denton, Sherman, Bonham, Paris and New Boston.