We know agriculture and have a deep respect for everyone involved in agriculture. We’ve made a long-term, dedicated commitment to serve agriculture in this region. Give us the opportunity to discuss what we can do to assist you and your Ag operation.
We have several agriculture lending professionals with years of experience with farm, ranch, livestock, and farm operating lending backgrounds. Our Ag lenders cover a lot of acres and have many years of Ag lending experience. Our region is economically tied to production agriculture and our bank has been helping farmers and agri-business families in the good years and not so good years.
Annual Operating Loans --- Equipment purchases --- Farm land purchases
OUR AG LENDERS COVER A LOT OF ACRES
Lorenzo Ag Lenders Patti Dycus and Josh Gandy are Peoples Bank Vice Presidents.
Shallowater’s Ag Lender is Senior Vice President Anthony Foerster.
Nazareth’s Ag Lenders are Senior Vice President and Branch Manager Marcus Brockman, and Vice President Jordy Rowland.
Lubbock’s experienced Ag Lenders include Senior Vice President Doug Willis, Peoples Bank President Todd McKee, Peoples Bank CEO and Board Chairman Larry Allen and Rural Markets Tim Farris
Slaton’s Ag Lenders are President Blake Boyd and Loan Officer Blake Swanner.
Board of Directors Active in Farming and Ranching:
Walt Hagood, Russell Lepard, and David Teague
Community Advisory Board members Active in Farming and Ranching:
Guy Morrison, J. C. Pohlmeier, Ricky Smith, Stephen Chapman, Jere Mimms, Wayne Schilling
AG FACTS…FROM OUR AREA:
Ag businesses and industries include dairies, cattle feed yards, grain storage and handling, seed crop production, equipment sales, irrigation, fuel sales, ginning and cotton storage and handling, animal feed, animal health and care, transportation, and much more.
Crops or products produced: corn, cotton, sorghum, beef, pork, eggs, milk, peanuts, wheat, sunflowers, wine grapes, vegetables, sesame, watermelons, peaches, pecans, and much more.
A single bale of South Plains cotton can make 1,217 men’s T-shirts.
50% of the farms in the South Plains are irrigated and 50% is dryland (no irrigation).
40% of all economic activity for Lubbock relates to agriculture.
21% of the Ag cash receipts for crops in Texas come from our South Plains Region.
There are more than 13,000 center pivots irrigation systems in the High Plains Underground Water District #1 territory.
There are an estimated 300,000 acres of underground drip irrigation in use in the 20 county High Plains Region, according to industry and governmental sources. Most of these acres are used to produce cotton.
In 2005, the cash value of basic agriculture production for the 20 county retail trade region was $3.4 billion.
The South Plains region produces 4 million bales of cotton annually from 3 million harvested acres. This is 23% of the total US cotton crop.
Producers spend significant amounts of their agricultural income on seed, fertilizer, equipment, energy, chemicals, clothes, food, fuel, restaurants, hotels, auto dealerships, and more.
Personal Loan Products
» We offer a wide variety of personal loan products. Please print out the application below, fill in your information, bring it in and we'll get the process started!
The following consumer credit application should not be faxed or mailed to Peoples Bank. Please print the form on paper, fill it out and come by the bank to speak with a qualified loan specialist. Click the link below to download the application. Equal Opportunity Lender. The Bank makes loans and extends credit without regard to race, color, religion, national origin, sex, handicap, or familial status.
Locally owned Peoples Bank specializes in personal service and relationships are important to us. We can help you finance such items as vehicles, household needs, vacations, travel, medical and dental expenses, recreational items and more. We can customize a loan to fit your borrowing need. Competitive rates. Stop in and visit with one of our professional, personable loan officers who wants to go to work for you.
Home Equity Loans
Use the equity in your home to get the funds you need for a variety of purposes. Interest on your home equity loan may be tax deductible (see your accountant or a tax preparer). Loans can be used to finance vehicles, college expenses, home improvements, furniture, travel, and many other needs. Talk to Jordan McKay at 806-794-0044 for more information. He’s very helpful and has the experience to take your home equity loan from start to finish.
Mortgage and Real Estate Loans
Our Peoples Bank Home Loan Center is staffed with experienced, friendly and helpful mortgage loan officers who can help you buy the home of your dreams whether new construction or an existing residential property. We can help you get pre-qualified for the loan that fits your situation. We have the knowledge to guide you through the loan process from start to close. We’ll work to make the entire process as fast and easy as possible. Want to refinance your existing home? We can help with that. FHA, VA, and Conventional loans are available. Call or stop in at our Home Loan Center at 5820 82nd Street in Lubbock. (806-794-0044) We offer local loan officers, local loan processing, local loan closing, and local funding. Offices open 9-5 M-F or anytime by appointment.
Home Construction Loans
Why not build the home of your dreams. We can assist with a loan designed just for your specific plans and needs. From architectural drawings, actual construction, to finish work and even a beautiful landscape plan and installation, a Peoples Bank home construction loan can help you make your dream home a reality. Call or stop by any of our offices to discuss the possibilities. We have experienced professional lenders who know how to set your plans into action to make your dream home the newest house on the block.
Need a short-term loan to move into a new home while your former home is waiting for a new owner? We can work with you and make the transition smooth. Contact us to discuss the specifics.
Most vehicle insurance policies cover only the actual cash value of your vehicle…and this value declines rapidly during the first few years of ownership, beginning as soon as you leave the dealership. This can result in a shortfall or “gap” between your loan balance and the amount your insurance company pays to replace your vehicle. Avoid the financial “gap” between your primary carrier’s insurance settlement and your loan balance including the insurance deductible up to $1,000. For just a few dollars a month added to your loan payment, you can rest and relax knowing the “gap” of those figures is covered. Ask your lending officer for more details.
Credit Life Insurance
This is a valuable product to consider with any loan. It’s a voluntary product, which is offered to Peoples Bank customers to continue the customer’s level of lifestyle by insuring the life or health of a loan customer. In the event of a serious injury or death, the loan may be eligible for payment protection or a full payment of the loan balance. See any Peoples Bank loan officer for full details.
Business Loan Products
We know agriculture and have a deep respect for everyone involved in agriculture. We’ve made a long-term, dedicated commitment to serve agriculture in this region. Give us the opportunity to discuss what we can do to assist you and your Ag operation. We have several agriculture lending professionals with years of experience with farm, ranch, livestock, and farm operating lending backgrounds. Our Ag lenders cover a lot of acres! Our region is centered on production agriculture and our bank has been helping farmers and agri-business families in the good years and not so good years.
We understand the business loan needs of small businesses in our region. We’re here to help you be successful with loan consultations and assistance to make your business be all you dream it can be. Our loan officers have many years of experience and their professional knowledge can be of great help as you grow your business. Call or come by any of our banking locations and visit with any of our friendly loan officers. We’re ready to help you.
Small Business Administration (SBA) Loans
Peoples Bank is a preferred SBA lender. Our experienced loan officers know how to style your SBA loan for quick approval. Low interest rates and the guaranteed backing of the SBA make this an attractive alternative to seriously consider to possibly reduce your interest expense and improve your cash flow goals. Loans are available for many different purposes from inventory to land purchases for a new business location.
Commercial Construction Loans
Growing a vibrant and successful business means growth and growth can mean the need for more space or a new location. Came visit with our professional and experienced loan officers to find out how a construction loan can fit into your growing business plans.
Commercial Real Estate Loans
If you are thinking about a new location or additional location for your growing business, think of Peoples Bank to assist you in your planning and real estate purchase plans. We offer years of vital experience to help you achieve the success you want. Come by or call any of our banking locations and ask for a loan officer to begin discussions toward your real estate needs.
Welcome To Peoples Bank Online Mortgage Center
Peoples Bank offers you a complete mortgage loan service through our Home Loan Center. We offer FHA, VA, and conventional financing. Peoples Bank provides interim financing for construction, and our Home Loan Center provides permanent financing for your new home or re-financing for your present home. Our friendly and professional staff has years of Mortgage Loan experience to serve you.
» Local Loan Officers
» Local Loan Processing
» Local Loan Underwriting
» Local Closing & Funding
» Purchasing A Home
» Refinancing Your Present Home
» Pre-Qualifying for a Home Loan
» Interim Financing for New Construction
If you have questions, contact our Mortgage Lending Professionals at (806) 687-7245 or (806)794-0044 . Office hours are Monday through Friday, 8:00 a.m. to 5:00 p.m. (For your convenience, call (806) 687-7245 for an appointment.)
Peoples Bank is a preferred lender with the Small Business Administration (SBA). We offer a smooth and quick SBA loan application process which is usually completed in just a few days. The decision-makers are in our bank, ready to help with a quick decision. We can manage all your SBA needs in our offices. Our experienced staff is ready to go to work for you...and we are ready to listen to your needs and help you achieve success in your business.Download SBA Info