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For Immediate Release
April 1, 2003

SAN ANTONIO, Texas - Fifteen rural financing cooperatives received the Farm Credit Bank of Texas (FCBT) Pacesetter Award on March 26, achieving the bank's highest possible rating in 2002.

The lenders were honored during the Tenth Farm Credit District Annual Stockholders' Meeting in San Antonio, Texas.

"Recipients of the Pacesetter Award exceeded a rigid set of performance standards for loan growth and financial operations in 2002," said Larry Doyle, FCBT chief executive officer. "These exemplary lending institutions set the pace in the Tenth Farm Credit District."

Following are the award recipients and their main office locations: AgTexas Farm Credit Services, Lubbock, Texas; Capital Farm Credit, Bryan, Texas; Federal Land Bank Association (FLBA) of North Alabama, Cullman, Ala.; Land Bank of North Mississippi, Senatobia, Miss.; FLBA of South Alabama, Montgomery, Ala.; FLBA of South Mississippi, Jackson, Miss.; FLBA of Texas, Coleman, Texas; Great Plains Ag Credit, Amarillo, Texas; Heritage Land Bank, Tyler, Texas; The Land Bank of Sulphur Springs, Texas; Lone Star Land Bank, Weatherford, Texas; Panhandle-Plains FLBA, Amarillo, Texas; Southwest Texas ACA, Devine, Texas; Texas AgFinance, Robstown, Texas; and Texas Land Bank, Waco, Texas.

The Tenth District is composed of the Austin-based Farm Credit Bank of Texas, 12 Agricultural Credit Associations and 10 Federal Land Credit Associations in Alabama, Louisiana, Mississippi, New Mexico and Texas. Together, these co-op lenders have nearly $6.8 billion in mortgage and production loans outstanding to rural residents, agricultural producers, rural landowners and agribusiness operations.