FOR IMMEDIATE RELEASE
May 15, 2009
Contact:
Sells J. Newman
601-977-8352 Office
601-946-0340 Cell
snewman@firstsouthfarmcredit.com
First South Farm Credit, the Farm Credit System’s largest ag production and ag real estate lender in Alabama, Louisiana and Mississippi, issues $7.6 million to stockholders on $20 million of reported income.
Jackson, Mississippi - As a result of the 2008 financial performance, First South Farm Credit distributed approximately $7.6 million to its stockholders in April 2009. The dividend was in the form of cash and allocated surplus and was the 14th consecutive patronage distribution since 1995, totaling over $160 million.
With over $1.1 billion in assets, First South provides loans for ag production, agribusiness and loans to purchase or refinance land. First South has 47 lending locations in Alabama, Louisiana and Mississippi and is headquartered in Ridgeland, Mississippi. For more than 75 years First South has been a reliable source of financing in our three states and rural America.
First South is committed to share our success with our customer-owners through patronage refunds.