Lone Star Ag Credit remains strong in second quarter

Weatherford, Texas - Lone Star, ACA (Lone Star Ag Credit) has once again proven to be a strong financial institution that our customers can count on and the Association is proud to report the growth and earnings for the second consecutive quarter of 2009.

As a cooperative, Lone Star Ag Credit understands the needs and demands of our stockholders, and we strive to remain financially secure for the benefit of our industry and customers.

Net income totaled $5.3 million for the three-month period ended June 30, 2009.  Loan volume experienced 2.3 percent growth with a total of $1.18 billion in loan assets outstanding.

“Lone Star Ag Credit is pleased to report a strong and profitable second quarter for 2009,” said Daron Gates, Chief Executive Officer.  “Our Association is honored to serve Texans by providing solid financing solutions that allow the agriculture industry to grow and expand in our state,” he said. 

For more than 90 years, Lone Star Ag Credit has been a reliable source of financing for Rural America.  Lone Star Ag Credit provides a unique view in today's banking environment by being a strong, customer-owned bank committed to providing courteous, accurate service through a well-trained, highly motivated staff. Lone Star Ag Credit offers a wide variety of loan programs at competitive rates including agricultural and recreational real estate, rural homes, operating, equipment, livestock and agribusiness loans.   Lone Star Ag Credit has offices located in Fort Worth, Sweetwater, Abilene, Stephenville, Weatherford, Cleburne, Denton, Sherman, Paris and New Boston.

August 10, 2009