|Effective September 1, 2000, Waco FLBA, assumed authority to make and participate in long-term real estate mortgage loans. The association will be known as Texas Land Bank, FLCA.|
Effective October 1, 2006, FCA chartered a new production credit association, known as Texas PCA, which consolidated with the Texas Land Bank, FLCA (FLCA) to form an ACA known as Texas Land Bank, ACA. The FCA also approved an ACA subsidiary structure by amending Texas PCA’s charter and the FLCA’s charter to make them subsidiaries of the ACA. As a subsidiary, the FLCA’s name remains as Texas Land Bank, FLCA. All three associations are subject to FCA Conditions of Approval, also effective October 1, 2006. Pursuant to FCA’s Conditions of Approval, FCA will treat the ACA and its subsidiary associations on a consolidated basis for regulatory purposes as FCA deems appropriate.