Senatobia, MS - The board of directors for Mississippi Land Bank, ACA are very pleased to announce the approval and distribution of a $2.8 million cash patronage to their customer stockholders. The $2.8 million is a result of a successful 2014 fiscal year. Mississippi Land Bank is a cooperative lender, and as such, all customers are stockholders in the company and benefit from the success of the association. Since 1996, Mississippi Land Bank has returned more than $24.6 million to its member-borrowers. "We are, once again, very pleased to be able to give back to our borrower-customers and allow them to share in our success," said Abbott Myers, Board Chairman. "Our association’s financial operations and credit quality remain strong, and we look forward to continued success in the future."
Mississippi Land Bank provides long-term and short-term financing solutions for agricultural land, operations and equipment, recreational land, home sites with acreage, investment property and farm equity. There are a total of 10 Mississippi Land Bank branches located throughout North Mississippi.