Patronage Profit Sharing Program

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Texas Land Bank, ACA, recently declared a $4.5 million patronage refund to be paid to its stockholder-customers.

Of the total amount, $3.0 million will be returned as a cash patronage payment to its stockholder-customers. Checks will be mailed in late April. An additional $1.5 million is allocated for distribution in future years. Texas Land Bank has returned $45.4 million to its stockholder-customers since 1994.

This latest patronage declaration was based on the rural lender’s solid financial results for 2009.

“We are very pleased that we were able to continue our profit-sharing plan, and return $4.5 million in patronage to our stockholder-customers,” said Charles P. Gant, Texas Land Bank chief executive officer. “Patronage is a key benefit of doing business with a cooperative like Texas Land Bank, and we continue to be financially strong and capable of providing financing through this current economic environment.”

Patronage Payment History

Year Paid	Cash Patronage	Allocated Patronage	Total
2003	$ 750,000		$ 750,000
2004	$1,300,000		$1,300,000
2005	$2,200,000		$2,200,000
2006	$2,500,000		$2,500,000
2007	$2,800,000	$4,100,000	$6,900,000
2008	$3,000,000	$4,500,000	$7,500,000
2009	$2,750,000	$4,130,000	$6,880,000
2010	$3,000,000	$1,500,000	$4,500,000