Farm Credit Bank of Texas Stock

Farm Credit Bank of Texas is engaged in the business of funding and participating in agricultural and other loans. The Company is part of the federally chartered Farm Credit System (System), a system of cooperatively owned banks and associations. The Company lends primarily to the district associations in the form of revolving lines of credit (direct notes) to fund the associations' loan portfolios. In addition to providing loan funds to district associations, the Company also provides banking and support services to them, such as accounting, information systems, human resources and marketing. The Company is also authorized to provide, in participation with other lenders, credit, credit commitments and related services to eligible borrowers, which include farmers, ranchers, producers or harvesters of aquatic products, rural residents and farm-related businesses. The Company serves Texas, Alabama, Mississippi, Louisiana and New Mexico.