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Landscapes Magazine

Read the latest news about Louisiana Land Bank from our member magazine, Landscapes.

Read about our customers, Jerry and Jackie Brown, who were profiled in the Winter 2008 issue of Landscapes.

Louisiana Land Bank Returns $4.7 Million in Patronage

Louisiana Land Bank recently paid a $4.7 million cash patronage to its customers, based on the rural financing cooperative's 2007 financial results.

This is the tenth consecutive year that Louisiana Land Bank has declared a dividend or patronage payment to its customers. With this year’s distribution, the co-op has returned over $35 million in stock refunds, dividends and patronage to stockholders since 1996.

"Louisiana Land Bank is a cooperative owned by its borrowers, and patronage payments are an essential aspect of our business philosophy,” said Darrel Jans, chief executive officer. “We had a solid year in 2007 and are pleased to pass along that success to our borrowers."