We are excited to announce that LLB will be opening our doors again to our customers and the public.
Please follow current CDC guidelines when entering LLB facilities.
As stockholders in a customer-owned cooperative, such as Louisiana Land Bank, its borrowers have the unique opportunity to share in their Association’s earnings by way of a patronage. A patronage is a benefit of doing business with a cooperative that can significantly reduce the cost of borrowing money.
Louisiana Land Bank realizes the many stresses endured by its stockholders in 2020 and, as a result, its Board of Directors has approved the return of $11.6 million in cash to the stockholders, which represents an increase to 1.35% of the borrower’s average accrual loan balance. So, it’s easy to see that this patronage program is just one more reason it pays to do business with Louisiana Land Bank!