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Lone Star Ag Credit Celebrates Hillsboro Office Customers

HILLSBORO, Texas – While celebrating strong earnings in 2015, Lone Star Ag Credit recently held an appreciation dinner for its Hillsboro branch customers at the Waxahachie Civic Center. "2015 has been a great year for Lone Star and that is because of our borrowers," said Patrick Hejl, loan officer in the Hillsboro credit office. "This annual gathering is our thanks for their business."

As a cooperative, Lone Star is owned by its member-stockholders, and thereby is invested in its community. The co-op's employees live and work in the areas they serve, and look forward every year to hosting dinners for those members and special guests.

"We love seeing our stockholders and saying thank you face-to-face," said Karen Doskocil, Lone Star marketing coordinator, who helped welcome the crowd.

Net income for Lone Star Ag Credit through Sept. 30, 2015, was $20 million. Gross loan volume was $1.51 billion at the end of Sept. 2015 — an increase of $105 million since year-end 2014. Earlier this year, the cooperative paid stockholders $12.1 million in patronage dividends based on its 2014 income.

Lone Star Ag Credit provides financing for agricultural and recreational real estate, rural homes, agricultural equipment, livestock, ag operating expenses and agribusiness firms. Headquartered in Fort Worth, it 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.

Published October 27, 2015