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FOR IMMEDIATE RELEASE

Local Land Bank Announces New CEO

AMARILLO, Texas—Panhandle-Plains Land Bank held its 2010 Sectional Annual Stockholder Meetings April 6th and 8th. Attendance was good at all four meetings with a total of 410 stockholders and guests attending. Positive feed-back came from stockholders and directors; the sectional format will likely continue in 2011.

Gregg Lloyd has been named the chief executive officer of Panhandle-Plains Land Bank effective July 1.

Lloyd follows Robert R. Williams, Jr, who is retiring June 30 after having served in farm credit lending for 38 years. He has served as the chief executive officer since 1997. Williams began his career in 1972 with the Federal Land Bank of Houston. In 1975, he was named manager of Spearman-Pampa Federal Land Bank Association (FLBA) where he served until 1982, when the association merged with the FLBA of Perryton to form High Plain FLBA. He served as president of this new association until he began his appointment as CEO of Panhandle-Plains Land Bank.

During his tenure as CEO, the Panhandle-Plains Land Bank has grown substantially while maintaining its mission to provide long-term rural real estate financing for area farmers, ranchers, and investors. Since the merger in February 1997; loan volume has increased from $134 to $382 Million. But with a motto, “Adding value to membership,” the association was about more than growth.  A competitive rate and 100% cash patronage has always been Williams’ goal.  Since 2005, the association has returned more than $13.5 Million in cash to customers through its annual cash patronage program.

“The association is fortunate to have had Bob at the helm for the past 13 years,” said Rusty Henson, Board Chairman.  “Under his leadership, the association acquired a position of strength in agriculture mortgage lending in our area.  His leadership helped see us through the past 18 months, when financial times were tough.”

Lloyd’s career with the agriculture lending system began in 1982, as vice president with the High Plains FLBA in Pampa. He became CEO of the FLBA of Amarillo in 1989. After a merger with the Caprock-Plains FLBA, High Plains FLBA, and FLBA of Amarillo in 1997, he served as executive vice president/chief credit officer.

“We are confident in Gregg’s ability to lead us into the future,” said Chairman Henson.  “Panhandle-Plains Land Bank has a great track record and will move forward with Gregg’s direction.”

Panhandle-Plains Land Bank specializes in long-term mortgage lending for rural real estate.  Offices in Amarillo, Pampa, Perryton, and Plainview serve 17 counties in the Panhandle and South Plains. 

With a stock-holder elected board of directors, Panhandle-Plains Land Bank provides long-term credit to farmers, ranchers, and agribusiness in 17 counties of the Panhandle and South Plains. Offices are located in Amarillo, Pampa, Perryton, and Plainview.