Company Profile
CoBank, ACB
Company Overview
www.cobank.com
CoBank is a $ 100 Billion dollar bank with over 850 Associates and is also one of the best kept secrets in the financial industry. We are a successful and unique bank that plays an important role in the nation’s rural economy. We’re not a retail bank – we don’t take deposits, have branches or offer mortgages, car loans and consumer credit cards.
Instead, CoBank provides loans to vital industries throughout rural America – namely agribusiness and rural utilities. We also help some of our agribusiness customers sell their products internationally. It’s an important niche supporting U.S. industries that play a critical role in the national and global economy.
Not only does CoBank – headquartered in Denver, Colorado and with 13 offices nationwide – serve a unique customer base, we do it using a unique business model. CoBank is a cooperative, which means we’re owned by our customers, and they are involved in the bank’s governance and share in our profits. It’s a system that works. CoBank, the largest financial institution headquartered in Colorado, is strong and stable. During the recent economic downturn and banking crisis, CoBank realized record profits and did not receive any government financing. Our commitment to cooperative principles – coupled with banking best practices – has kept our balance sheet healthy so we can stand by our customers in any economic conditions.
In addition to an unwavering customer focus, our employees are part of the secret of success at CoBank. CoBank has a vibrant, team-oriented and engaged corporate culture, and employees are respected for their experience and expertise. We provide competitive benefits, a generous 401(k) plan and promote a healthy work-life balance. Individual employees also get to direct a donation on behalf of the bank to a charity of their choice. Additionally, CoBank also has a robust environmental strategy and award-winning corporate giving program.
Cooperative. Connected. Committed.
Notable Accomplishments / Recognition
CoBank has a rich history of serving our customers in rural America. From our inception, we have continually strived to deliver the financial solutions they need to be successful in their businesses, and to enhance life in rural America. Whether entering new markets, serving new industry groups, or offering new products and services to address evolving needs, CoBank is focused on delivering value to our customers.
CoBank is part of the Farm Credit System, which Congress formed in 1916 to fill a need for long-term agricultural credit. The System is a national network of lending institutions that provides production agriculture with more than 30 percent of its credit and financial needs. It’s the oldest U.S. government-sponsored enterprise—as well as one of the largest and oldest cooperatives in the U.S.