The Farm Service Agency (FSA) has named Livingston State Bank as a Preferred Lender, the highest recognition offered to participating lenders who’ve demonstrated expertise in the guaranteed farm lending program. FSA provides loan guarantees for commercial loans that provide real estate and working capital to farmers.
The Preferred Lender Program recognizes experienced FSA lenders with a proven track record of successful program participation, and offers them streamlined access to program benefits and added flexibility with the application process. These benefits allows preferred lenders to expedite the approval process and get faster turnaround on other servicing decisions.
Lenders with FSA preferred status have broad authority to approve, close and service FSA guaranteed loans while utilizing their own internal underwriting and servicing policies.
Livingston State Bank was founded in 1903 and remains situated on the same corner as where it was originally situated in Livingston Wisconsin. The bank is led by President Douglas Martin and Paul Lawinger, Senior Vice President for Lending.
Livingston State Bank has more than $161 million in assets and serves clients from three locations. Their Livingston office is located at 125 N Center Street and the two Platteville branches are located at 170 West Main Street and inside the Wal-Mart Supercenter at 1800 Progressive Parkway, respectively.
The bank’s website can be found at www.livingstonbank.com.