CoBank is a cooperatively organized financial services institution capitalized primarily by eligible borrowers, who earn equity over time commensurate with the amount of business they do with the organization. We are also capitalized by our preferred stockholders.
CoBank does not have publicly traded stock and is not a registrant with the Securities and Exchange Commission. However, as a regulated member of the Farm Credit System, the bank releases its financial results on a quarterly basis, similar to a public company. Our financial statements are designed to provide customer-owners and other stakeholders with an accurate, transparent view of CoBank’s ongoing financial performance.
For copies of previously issued news releases, financial statements and bank publications, please click on the links at right.
YEAR-END FINANCIAL WEBCAST: CoBank will hold a conference call and webcast at noon on Tuesday, February 26, 2013 to discuss year-end financial results. Click here for access information.
CoBank announced today that Mike Romanowski has been appointed president of its Minneapolis-based leasing subsidiary. CoBank Farm Credit Leasing has a portfolio totaling over $2 billion in leases with farmers, ranchers, cooperatives and other rural customers throughout the country, making it one of the nation’s largest providers of lease financing to the U.S. rural economy. CoBank lease financing includes buildings, processing lines, farm machinery, electric utility, alternative energy, communications, water and transportation equipment.
Infrastructure plays a vital role in our nation’s economy, but is largely neglected by our elected leaders and needs billions of dollars of investment in the next seven years according to a recent analysis by the American Society of Civil Engineers (ASCE). To get a better understanding of the state of America’s infrastructure, OUTLOOK recently spoke to Andy Herrmann, 2012 president of ASCE.
While the overall performance of the U.S. economy has remained lackluster over the past several quarters, the housing market has been a real bright spot. Home prices have jumped more than 20 percent over the past year in some U.S. markets, especially in the western United States. While home prices in the northeast are increasing at much slower rates, housing sales across the country are strong and growing.
CoBank has been named to Global Finance magazine’s list of the world’s safest banks for a third consecutive year. The ranking will be published in the October issue of Global Finance. Global Finance, which covers the financial services industry, publishes the “World’s 50 Safest Banks” list annually.
An economic success story is playing out south of the U.S. border. Mexico's economy is expected to grow by as much as 3.5 percent this year, and exports have climbed to all-time highs. Yet, Mexico still faces challenges on the path to greater prosperity.