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 common 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.
By many measures, the U.S. job market is trending in the right direction. Unemployment, while still at a historically high level of 6.3 percent, has declined by more than 1.5 percentage points over the past year and a half. And the economy has been generating an average of 214,000 new jobs per month since the beginning of 2014 - more than 10 percent higher than last year's average.
CoBank, a cooperative bank serving agribusinesses, rural infrastructure providers and Farm Credit associations throughout the United States, has announced that Miranda Stokes has been named Regional Vice President, Electric Distribution.
CoBank, a cooperative bank serving agribusinesses, rural infrastructure providers and Farm Credit associations throughout the United States, today announced financial results for the first quarter of 2014. Net income for the first quarter rose 11 percent to $231.3 million, from $208.8 million in the first quarter of 2013. Profitability increased due to higher net interest income, the lack of a provision for loan losses and higher noninterest income.
The U.S. dollar has long enjoyed its status as the primary reserve currency of the global economy. It has served as an international safe haven and lubricated the operation of financial markets around the world. Yet, the international role of the dollar also has been consistently questioned, most recently in the wake of the 2008 financial crisis.
CoBank, today announced that it is a founding investor in a new fund that will promote job growth and economic development through equity investments in rural businesses. U.S. Secretary of Agriculture Tom Vilsack unveiled the $150 million fund at a press conference in Iowa on Monday.