Saturday, February 6, 2016
1012 C Street Floresville, TX 78114 Phone: 830-216-4519 Fax: 830-393-3219
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Capital Farm Credit approves $55 million cash distribution
KENEDY -- Capital Farm Credit board of directors recently approved a $55 million cash distribution by retiring a portion of previously allocated equities.
Customers will receive their portion of the cash payment this fall. Capital Farm Credit has a long tradition of strong earnings and, in return, is able to share almost 100 percent of profits with its customers.
“Capital Farm Credit values its customers and the more efficiently we operate, the more profits we can share,” said Ben Novosad, chief executive officer. “We believe this is a value-added service that sets us apart from other financial institutions.”
Capital Farm Credit is the state’s largest rural lender.
For more information, visit www.CapitalFarmCredit.com.
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