CoBank Named One of the World’s Safest Banks by Global Finance Magazine
DENVER (October 09, 2018) — CoBank, a cooperative bank serving agribusinesses, rural infrastructure providers and Farm Credit associations throughout the United States, has been named to Global Finance magazine’s list of the world’s safest banks for 2018.
Global Finance, which covers the financial services industry, publishes its “World’s 50 Safest Banks” list annually. Banks are ranked using a methodology that includes total assets and an evaluation of long-term ratings from major rating agencies. CoBank was first named to the list in 2011.
"We’re pleased to have once again received this recognition, which reflects CoBank’s membership in the Farm Credit System and our ongoing commitment to financial and operational discipline,” said Tom Halverson, CoBank’s president and chief executive officer. “We remain focused on building our financial strength, serving customers with excellence and fulfilling our mission of service to rural America.”
Further information is available at the Global Finance website.
CoBank is a $131 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.