Fort Worth - Lone Star, ACA (Lone Star Ag Credit) Lone Star Ag Credit’s earnings show continued growth! The Association has met and exceeded its income goals for the third quarter of 2012. Net income through September 30, 2012 was $15 million.
As a bank, Lone Star Ag Credit understands the needs and demands of land owners and ag producers. Remaining financially healthy enables us to help more people achieve their dream of owning land or building a business in agriculture. Lone Star Ag Credit remains a sound cooperative with more than 20% capital, outstanding even by regulation standards.
“2012 has been a year better than expected and we are grateful to our stockholders, board of directors and employees for that,” said Steve Fowlkes, Chief Executive Officer. Agriculture and real estate in Texas have seen their ups and downs, through it all, Lone Star has remained well capitalized.
Lone Star Ag Credit, which is part of the Farm Credit System, will continue to focus on financing for rural America. We are a customer-owned bank with the ability to give back to our stockholders, which are our borrowers. That makes any successes “shared”.
Lone Star provides loans for agricultural and recreational real estate as well as rural homes, operating capital, equipment, livestock and agribusiness. North Texas branch offices ready to serve you are located in Sweetwater, Abilene, Stephenville, Weatherford, Cleburne, Denton, Sherman, Paris and New Boston; the headquarters resides in Fort Worth.