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Lone Star Ag Credit Celebrates Centennial With Customers in Denton

Lone Star Ag Credit is celebrating the Farm Credit centennial with its 5,000-plus borrowers during customer appreciation dinners throughout the year.

Each branch's customer appreciation dinner in 2016 is a celebration of the Farm Credit System's first 100 years of service. Lone Star's Denton credit office primarily serves Dallas, Denton and Wise counties. Approximately 160 borrowers and friends of the branch office recently celebrated the centennial over a steak dinner at the Milestone Barn in Aubrey.

The borrower-owned lending cooperative will host a dinner for each of its 16 branches across North and Central Texas. The events are one of the ways that Lone Star shows its appreciation for its borrowers, who are also co-op members and owners.

Lone Star is one of the oldest lenders in the Farm Credit= System, a nationwide network of lending cooperatives established in July 1916. The co-op has supported rural communities and agriculture with reliable credit since 1917, when a couple with a 300-acre farm in Grayson County borrowed $10,000 — the first Farm Credit loan in Texas.

"It is easy to overlook the stability of the Farm Credit System after 100 years," Craig Hartman said, Denton office president. "Current and past stockholders are the ones to thank for the growth and longevity of our association."

Today Lone Star serves 48 Texas counties, providing

financing for rural land, rural homes, agribusinesses, livestock, agricultural

equipment and operating expenses. The lender also embraces the principles

behind its cooperative structure, supporting education and community causes, overseeing the operation with a member-elected board, and sharing its earnings

with its customers through its patronage program. This spring Lone Star

distributed $12.8 million in patronage dividends to eligible borrowers.

Headquartered in Fort Worth, Lone Star Ag Credit has

credit offices in Abilene, Cleburne, Corsicana, Denton, Fort Worth, Hillsboro,

Lampasas, Mount Pleasant, New Boston, Paris, Round Rock, Sherman, Stephenville,

Sweetwater, Temple, Waco and Weatherford.

Lone Star Ag Credit Appreciation Dinner

Lone Star Ag Credit Denton Texas
Lone Star Ag Credit Milestone Barn in Aubrey

Published October 4, 2016