Eric Bell

Background

About Eric Bell

Corporate Profile: If you are looking for a lender who understands agriculture and rural mortgage financing — one who has the capacity to finance the largest, most complex agribusiness operation — you have come to the right place. Who We Are: Farm Credit Bank of Texas, headquartered in Austin, Texas, is a cooperatively owned wholesale bank with assets of $15.4 billion. We are part of the nationwide Farm Credit System, established by Congress in 1916. Together with our affiliated lending cooperatives, we comprise the $21.1 billion Texas Farm Credit District, the single largest rural lending network serving Alabama, Louisiana, Mississippi, New Mexico and Texas. What We Do: We provide loan funds and services to 17 retail-lending co-ops and four Other Financing Institutions. These lenders make loans for rural real estate, agribusiness and agricultural production. We also are active in the capital markets arena, participating in large-loan opportunities with the food, agribusiness, rural utility and rural communications sectors. Our Mission: Our mission is to enhance the quality of life in rural America by using cooperative principles to provide competitive credit and superior service to our customers. Our Source of Funds: We benefit from having a dependable source of competitively priced funding. Our funds come from the Federal Farm Credit Banks Funding Corporation, which sells Farm Credit System bonds and notes to investors in the nation's money markets. As part of the $246.7 billion Farm Credit System, we enjoy an rating on our long-term debt by Fitch Ratings and an Aaa rating by Moody’s Investors Service. Currently, the Farm Credit System is rated AA+ by Standard and Poor’s due to the recent downgrade in the U.S. sovereign debt rating.