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Lee DeLoach re-elected to AgSouths Board
Twin Citys Loy D. Cowart also tapped at meeting
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    AgSouth Farm Credit CEO Bill Spigener recently announced that Loy D. Cowart Jr. of Twin City and Lee H. DeLoach of Statesboro were reelected to the board of directors as part of the association’s 2008 annual meetings. Cowart’s and DeLoach’s terms will expire in 2011.
    Cowart has been a director of AgSouth Farm Credit (or other Farm Credit entities) since 1968 and currently serves on the association’s Governance, Executive and Compensation committees.
    Cowart is a timber farmer and also serves on the boards of Durden Banking Company, Pineland Telephone Cooperative, the Emanuel County Development Authority and the Emanuel County Board of Education. He is also vice president of the Emanuel County Farm Bureau.
    DeLoach serves as the probate judge for Bulloch County. He is also a timber farmer and active in many community and civic affairs. DeLoach has been a director of AgSouth Farm Credit (or other Farm Credit entities) since 2002 and currently serves on the association’s Policy Committee.
    AgSouth Farm Credit is one of the largest lending cooperatives in the Southeast. Headquartered in Statesboro with administrative offices in Spartanburg, S.C., and Orangeburg, S.C., the cooperative has 28 offices serving 34 South Carolina and 59 Georgia counties. As of September 30, 2008, AgSouth had more than 6,800 members, $1.53 billion in assets and $231.4 million in capital and allocated accounts. Earlier this year the association returned more than $32 million to its members in the form of patronage.
    AgSouth provides loans for agriculture, real estate and rural homes, and offers leasing for automobiles, equipment, buildings and commercial operations. The association also makes secondary home loans for home purchases, home construction, home improvements and refinances.
    For more information regarding the cooperative’s services, call AgSouth Farm Credit regional vice president Dewey Newton in the Statesboro office at (912) 764-9091 or toll-free at 800-633-9091.