Patronage Program
As a customer and stockholder of Louisiana Land Bank, you share in the co-op’s earnings when it performs well.
Pictured Front Row L to R: Bobby Hanks, Gert Hawkins (Vice Chairman), Cullen Kovac (Chairman), Kristin Guillory, Clark Canterbury.
Back Row L to R: Stephen Austin (President & CEO), John Van Mol, Jr., Ed Patrick, Henry Capdeboscq, Ben Guthrie, John Earles, Bobby Soileau, PhD.
It is the goal of our leadership to return approximately 50% of the net income of the Association on an annual basis. The Board of Directors assess the capital needs of the Association, loan performance of the portfolio, and the economic forecast in determining the actual dollars returned each year.
Because of our successful financial performance in 2022, the board of directors approved the return of $10.6 million in cash to the stockholders. This disbursement occurred in March 2023.
Cooperative Advantage
As a co-op, Louisiana Land Bank is owned by the people it serves. This structure gives borrowers—farmers, ranchers, agribusinesses, rural homeowners and other rural landowners—a strong voice in the association’s operations and a vested interest in its success.
