About CoBank
MoreCoBank is one of the largest private providers of credit to the U.S. rural economy. With more than $125 billion in assets, the bank delivers loans, leases and other financial services to agribusiness, rural infrastructure and Farm Credit customers in all 50 states.
Annual Report
2019 Annual Report (Released February 2020)
2019 Annual Report [pdf]
2019 Year-End District Financial Report [pdf]
2019 Year-End Investor Presentation [pdf]
2019 Year-End News Release [pdf]
2019 Year-End Webcast Playback
Financial Information
MoreGovernance
MoreCoBank’s board consists of directors elected by its customer-owners across the country, as well as a number of appointed directors. Elected directors serve four-year terms and are chosen from six separate geographic districts. A majority of our directors are actively engaged in farming, ranching and other rural industries.
Board of Directors
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Kevin G. Riel
Chair -
Jon E. Marthedal
First Vice Chair -
Kevin A. Still
Second Vice Chair -
Robert M. Behr
Director -
Michael S. Brown
Director -
Russell G. Brown
Director -
Stephen J. Epperson
Director -
William M. Farrow, III
Director -
Benjamin J. Freund
Director -
Daniel T. Kelley
Director -
David J. Kragnes
Director -
Michael W. Marley
Director -
Gary A. Miller
Director -
Catherine Moyer
Director -
David S. Phippen
Director -
Scheherazade S. Rehman
Director -
Edgar A. Terry
Director -
Brandon J. Wittman
Director
Management Executive Committee
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Thomas Halverson
President and Chief Executive Officer -
David P. Burlage
Chief Financial Officer -
Timothy Curran
Chief Risk Officer -
Bill Davis
Executive Vice President, Farm Credit Banking Group -
Eric Itambo
Chief Banking Officer -
Andrew D. Jacob
Chief Operating Officer -
M. Mashenka Lundberg
Chief Legal Officer and General Counsel -
Robert L. O'Toole
Chief Human Resources Officer -
Robert F. West
Executive Vice President, Infrastructure Banking Group
Industries We Serve
MoreCoBank's customers form the backbone of the economy in rural America — agribusiness, power, water and telecommunications.
Products and Services
MoreGrowing businesses need capital. Our job at CoBank is to provide the financing you need to be successful. We offer a broad range of competitively priced, flexible loan programs, leasing services and other financial services including cash management, online services and specialized financial services to meet your changing business needs.
Farm Credit System
MoreCoBank is a member of the Farm Credit System, a national network of cooperatively owned financial service providers dedicated to supporting rural communities and agriculture throughout America and Puerto Rico.
Recent News
More-
Ag Retailers Prepared for Spring Despite Uncertainties
Solid inventories, low interest rates and backlog of fieldwork create firm footing for ag sales and services heading into spring planting
Ag retailers are on relatively firm footing as they prepare for spring following a tumultuous 2019 growing season marked by adverse weather, flooding and delayed harvest. -
Message To CoBank Customers From President & CEO Tom Halverson
March 20, 2020
Over the past several weeks, the COVID-19 pandemic has rapidly evolved from a global public health crisis to likely becoming a global recession as well.
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CoBank Announces $250,000 Contribution to NRECA International
March 2, 2020
CoBank, announced that it will contribute $250,000 to support NRECA International’s rural electrification projects in developing countries.
Our History
MoreCoBank 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. CoBank was created in 1989 through the merger of 11 Banks for Cooperatives.
LIBOR Transition
MoreThe days of having transactions indexed to LIBOR are numbered. CoBank is tracking the LIBOR transition to lay out where an alternative reference rate may be headed.
2018 Annual Report
