Brett Challenger Named Head of CoBank's Regional Agribusiness Banking Group
DENVER (December 14, 2018) — CoBank, a cooperative bank serving agribusinesses, rural infrastructure providers and Farm Credit associations throughout the United States, today announced that Brett Challenger has been named head of the bank’s Regional Agribusiness Banking Group.
Challenger currently serves as CoBank’s eastern region president for regional agribusiness, based in St. Louis. In his new role, Challenger will have responsibility for CoBank’s entire $16.9 billion regional agribusiness portfolio, which comprises loans to farmer-owned cooperatives and other small and mid-sized agribusinesses in all 50 states. Challenger succeeds Amy Gales, who is retiring from the company.
“Brett is an exceptional banker who brings a wealth of experience with agribusiness and other rural industries into his new role,” said Eric Itambo, CoBank’s chief banking officer. “We are delighted he has accepted this appointment and look forward to the continued growth of our regional agribusiness portfolio under his leadership.”
“CoBank occupies a unique position in the marketplace as a lender and trusted financial partner to ag co-ops and other agricultural enterprises across the country,” Challenger said. “Our relationship managers and credit analysts understand the challenges and opportunities facing our customers in every sector of agribusiness, and they are committed to providing outstanding value and customer service to our borrowers. I look forward to working with the entire team to serve this vital group of customers and helping the bank to fulfill its mission in rural America.”
Challenger has been with CoBank since 2006. Previously he served as a regional vice president in the St. Louis banking center and as a senior vice president with the bank’s energy and water lending units. Before CoBank, Brett was chief executive officer of the Logan County Economic Development Corporation in Sterling, Colorado. Prior to that, he held executive positions with Duke Capital Partners, Bank of America and Union Bank.
CoBank is a $128 billion cooperative bank serving vital industries across rural America. The bank provides loans, leases, export financing and other financial services to agribusinesses and rural power, water and communications providers in all 50 states. The bank also provides wholesale loans and other financial services to affiliated Farm Credit associations serving more than 70,000 farmers, ranchers and other rural borrowers in 23 states around the country.
CoBank is a member of the Farm Credit System, a nationwide network of banks and retail lending associations chartered to support the borrowing needs of U.S. agriculture, rural infrastructure and rural communities. Headquartered outside Denver, Colorado, CoBank serves customers from regional banking centers across the U.S. and also maintains an international representative office in Singapore.
For more information about CoBank, visit the bank's website at cobank.com.
Forward-Looking StatementsCertain of the statements contained in this news release that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Our actual future business may differ materially and adversely from our expectations expressed in any forward-looking statements. Forward-looking statements are typically identified by words such as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “plan,” “project,” “target,” “may,” “will,” “should,” “would,” “could,” or similar expressions. Although we believe that the information expressed or implied in such forward-looking statements is reasonable, we can give no assurance that such projections and expectations will be realized or the extent to which a particular plan, projection or expectation may be realized. These forward-looking statements are based on current knowledge and subject to risks and uncertainties. We encourage you to read our Annual Report and Quarterly Reports located on the bank’s website at www.cobank.com. We undertake no obligation to revise or publicly update our forward-looking statements for any reason.
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