First South in the News

3/13/2017 - First South Farm Credit to Issue Patronage Checks

First South announced today that it will distribute $12.9 million in patronage refund checks to its member-borrowers in April.  Patronage, which is a form of dividend payment, is based upon the association’s earnings and financial performance.  “The amount of patronage/dividend payment each borrower receives is determined by the borrower’s participation in the cooperative.  It represents a savings of approximately 12.4% of the borrower’s 2016 interest cost,” said Roger Chappell, CEO of First South.


3/1/2016 - First South Farm Credit to Issue Patronage Checks

First South announced today that it will distribute $12.5 million in patronage refund checks to its member-borrowers in April. Patronage, which is a form of dividend payment, is based upon the association’s earnings and financial performance. “The amount of patronage/dividend payment each borrower receives is determined by the borrower’s participation in the cooperative. It represents a savings of approximately 12% of the borrower’s 2015 interest cost,” said Roger Chappell, CEO of First South.

 

3/5/2015 - First South Farm Credit to Issue Patronage Checks

First South Farm Credit member-borrowers will receive approximately $15.8 million in patronage refund checks in April, Roger F. Chappell, CEO, announced today.  Patronage, which is a form of dividend payment, is based on the Association’s year-end earnings.

 

3/12/2014 - First South Farm Credit to Issue Patronage Checks

First South Farm Credit member-borrowers will receive approximately $13 million in patronage refund checks in April, Roger F. Chappell, CEO, announced today. Patronage, which is a form of dividend payment, is based on the Association's year-end earnings.

 

3/5/2013 - First South Farm Credit to Issue Patronage Checks

In April, member-borrowers of First South Farm Credit will receive patronage refund checks for 2012, Roger F. Chappell, CEO, announced today.First South will send over $12 million in checks in April as part of the patronage refund program.

 

2/27/2012 - First South Farm Credit Pays $9 Million Cash Patronage

The amount of patronage declared for borrowers of First South Farm Credit will total $20 million from 2011 earnings. The cash portion of the refund to be paid in April will total $9 million, or approximately 13 percent of the interest that accrued on their loans in 2011. The remainder will be placed in allocated capital accounts for future revolvement.

Media Contact

For media inquiries, contact:

Sells J. Newman
607-977-8352
snewman@firstsouthland.com

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