DEFINITION of 'Federal Land Bank - FLB'
A bank which specializes in loans and financing for rural property such as farms, forestry and timber, other parks and recreational services. Federal Land Banks (FLB's) employ experts in the industry capable of throroughly explaining the products they offer based on the needs of the customer. With extended knowledge of the needs of the farming industry, they are the best option for those looking for rural real estate loans.
BREAKING DOWN 'Federal Land Bank - FLB'
Federal land banks provide services to individuals regarding rural property. Even though the majority of their business resides in the commercial aspect of rural land, they also deal with the refinancing, restructuring, rebuilding, and repurchase of rural real estate for personal use.