FCS Institution DirectoryView Reports for Mississippi Land Bank, ACA
FCA Institution Number:710973
Abbreviated Name:Mississippi Land Bank, ACA
Status:Active
Phone:662-562-9671
RSSD Number:4095983
CEO:Mr. Gary L. Gaines
Chairman of the Board:Mr. Abbott Myers

Addresses:
Street:5509 Highway 51 North
City:Senatobia State: MS Zip Code: 38668-0667
County:Tate
Web URL:http://www.mslandbank.com

Charter Information:
Official Name:Mississippi Land Bank, ACA
Charter Date:01/04/2010
Charter Number:8083
Territory Description:
In the State of Mississippi, the Counties of Alcorn, Attala, Benton, Bolivar, Calhoun, Chickasaw, Choctaw, Clay, Coahoma, De Soto, Itawamba, Lafayette, Lee, Lowndes, Marshall, Monroe, Noxubee, Oktibbeha, Panola, Pontotoc, Prentiss, Quitman, Sunflower, Tallahatchie, Tate, Tippah, Tishomingo, Tunica, Union, Webster, Winston, and Yalobusha.

Comments:
Effective July 1, 1999, Federal Land Bank Association of North Mississippi assumed authority to make and participate in long-term real estate mortgage loans. The association will be known as Federal Land Bank Association of North Mississippi, FLCA.

Effective January 4, 2010, pursuant to the authority under sections 5.17 and 7.7 of the Farm Credit Act of 1971, as amended (Act), FCA chartered a new production credit association that consolidated with the Federal Land Bank Association of North Mississippi, FLCA to form Mississippi Land Bank, ACA. The FCA also approved a subsidiary structure with the PCA known as Mississippi, PCA, amended the FLCA charter to make it a subsidiary of Mississippi Land Bank, ACA and changed the FLCA subsidiary’s name to Mississippi Land Bank, FLCA. The equalization of loan-making power under section 7.7 of the Act authorizes the ACA and its subsidiaries to exercise full lending authorities within their chartered territory. The associations are subject to Conditions of Approval that are also effective January 4, 2010. Pursuant to FCA's Conditions of Approval, FCA will treat the ACA and its subsidiary associations on a consolidated basis for regulatory purposes as the FCA deems appropriate.

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