Association News

Welcome to the Texas Land Bank News Page. Our first priority is to serve you. Check this page often for news updates about the Land Bank Association and how it benefits you.

Record Attendance at 2008 Stockholder Meeting

The Annual Stockholder’s Meeting of the Texas Land Bank, ACA was held April 24, 2008 in Waco, Texas with a record number of stockholders in attendance with many First-Time attendees present.

The Stockholders enjoyed a meal together and participated with interest and involvement in the meeting that followed. CEO Charles Gant commented, “It is great to see our stockholders attend their meeting and take interest in their Lending Cooperative’s operation.  Association Performance has been very good and the results of our operation speak highly and are a good reflection of our stockholder borrower/owners.”

A Director election was held during the meeting. Elected for Region 3 were Barnett Baker and Derwood Cobb. These two directors represent Burnet, Milam, and Williamson counties.

Linda Brandon Receives President's Choice Award

Linda Brandon, Assistant Vice President of the Texas Land Bank, ACA has recently been awarded the President’s Choice Award by the Waco Association of Realtors, Inc.

This award is given by the previous year’s president as a sign of appreciation for the person who has helped him/her the most during his/her presidency.  This is a very honorable award.

Linda has served many years representing the Texas Land Bank, ACA in various Waco Association of Realtors community service projects and Association events including American Home Week, The Rainbow Room, Toys for Tots, Habitat for Humanity, Waco Family Abuse Center,  Family Fun Day at Lion’s Park, Salvation Army and many other functions.

Tara DeLeon of the Waco Association of Realtors stated that “Linda is always offering help during the year and she is a valuable committee member. She makes sure every detail is accounted for and goes above and beyond to make events sponsored by the Texas Land Bank special.”

Congratulations to Linda Brandon on a job well done.

Texas Land Bank Reports Solid First Quarter Results

WACO, Texas – Texas Land Bank, ACA, a local lending cooperative specializing in rural financing, reported solid financial results and growth for the first quarter of 2008.

Net income of $2.03 million for the quarter ended March 31, 2008, showed a 3.1 percent increase from the $1.97 million reported for the same period of 2007.

Gross loan volume at March 31, 2008, totaled $390.49 million, a 1.25 percent increase from Dec. 31, 2007, and a 4.25 percent increase from a year earlier. Credit quality remained strong, with 99.6 percent of loans rated acceptable. Texas Land Bank ended the first quarter of 2008 with assets of $403.53 million.

“These solid results indicate that we are once again off to a good start,” said Charles P. Gant, chief executive officer. “We recently declared a $7.5 million patronage distribution for 2007, continuing our long history of returning profits to our stockholder-customers. We have returned more than $34 million to our borrowers since 1994.”

Texas Land Bank provides financing for rural real estate, country homes, agricultural production, and farm- and ranch-related businesses in 16 central Texas counties. The financing co-op is headquartered in Waco and operates branch offices in Corsicana, Dallas, Georgetown, Hillsboro, Lampasas, Marble Falls, Temple, Waco and Waxahachie.

Texas Land Bank provides financing for rural real estate, country homes, agricultural production and farm- and ranch-related businesses. The financing co-op is headquartered in Waco and operates branch offices in Corsicana, Dallas, Georgetown, Hillsboro, Lampasas, Marble Falls, Temple and Waxahachie.

It is part of the nationwide Farm Credit System, which reported combined net income of 770 million for the quarter ended March 31, 2008, compared with combined net income of $654 million for the same period of 2007.

Texas Land Bank Distributes $7.5 Million Patronage

Texas Land Bank distributed $3 million in cash patronage to its stockholder-customers. Checks were mailed to borrowers in mid April. Learn more...