Weatherford Democrat

Business

February 7, 2010

Lone Star Ag Credit announces new CEO

WEATHERFORD —

FORT WORTH – Lone Star, ACA (Lone Star Ag Credit), the premier agricultural-lender in North Texas, would like to announce the new appointment of Steve Fowlkes as chief executive officer for the Association. Fowlkes, a native of Fort Worth, has over 30 years experience in the agricultural lending industry. Most recently Fowlkes was the chief credit officer for Farm Credit Bank of Texas in Austin.

"Lone Star is proud to have Steve join our team. His expertise and knowledge will allow us to serve our stockholders to the best of our ability and remain a financially strong and viable lending institution," said Bruce Duncan, Lone Star Ag Credit Chairman of the Board.  

Lone Star Ag Credit understands the importance of serving the financial needs of the rural communities in North Texas. It is our mission to build lifetime relationships with our borrowers while providing them with financial solutions for their operations.

Fowlkes said, “It is good to be home in Fort Worth again. I look forward to serving Lone Star Ag Credit, our stockholders and the agricultural industry with the utmost integrity and pride.”

For more than 90 years, Lone Star Ag Credit has been a reliable source of financing for Rural America. Lone Star Ag Credit is a $1.1 billion customer-owned cooperative that provides courteous, accurate service through a well-trained, highly motivated staff. Lone Star Ag Credit offers a wide variety of loan programs at competitive rates including agricultural and recreational real estate, rural homes, operating, equipment, livestock, and agribusiness loans. Lone Star Ag Credit’s administrative offices are located in Fort Worth with credit offices located in Sweetwater, Abilene, Stephenville, Weatherford, Cleburne, Denton, Sherman, Bonham, Paris, Mount Pleasant, Clarksville and New Boston.

For information, visit www.LoneStarAgCredit.com.

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