On April 1, Mississippi Land Bank introduced a new program to thank our customers for referring new business to the association. If a referral meets the program’s guidelines, you can receive a $250 referral fee. Read more to see the guidelines.

Mississippi Land Bank is cooperatively-owned, which means our members share in the profits generated from our lending activity in the form of patronage dividends and have a voice in the business decisions for the association. At our annual stockholder meeting, members have the opportunity to vote for their board of directors. This year, two of our board members were re-elected to their positions: Larry Davis in the Cleveland territory and Dr. Mac Alan Blaine in the Starkville territory.

Mississippi Land Bank is thrilled to return $7.5 million, or 51% of our net income, in cash patronage to our borrowers, based on our 2023 earnings. This means a decrease in our borrowers' effective interest rate for 2023 by approximately 82 basis points (0.82%). Since 1996, we've returned nearly $70 million in patronage to our customers.