In 1989, the National Bank for Cooperatives was created under the voluntary options of the Agricultural Credit Act of 1987[1] by a merger of eleven of thirteen bank for cooperatives (including the Central Bank for Cooperatives) created with the Farm Credit Act of 1933. The remaining two banks joined in 1995 when it changed its name to CoBank and merged with the Springfield Bank for Cooperatives and the Farm Credit Bank of Springfield, and in 1999 with the merger of St. Paul Bank for Cooperatives. In 2012, CoBank merged with US AgBank, FCB. In 2014, they announced the construction of a new headquarters next to Fiddler's Green Amphitheatre, which opened in December 2015.[2][3]
cobank, part, farm, credit, system, provides, loans, financial, services, cooperatives, agribusinesses, rural, public, utilities, other, farm, credit, associations, collectively, also, agricultural, export, credit, agency, exclusive, among, banks, farm, credit. CoBank part of the US Farm Credit System provides loans and financial services to cooperatives agribusinesses rural public utilities and other farm credit associations who collectively own CoBank It is also an agricultural export credit agency exclusive among banks of the Farm Credit System This makes it an agricultural credit bank a combination of a farm credit bank and a bank for cooperatives It is based in Greenwood Village Colorado outside Denver CoBank ACBCharter territory for Farm Credit Bank operationsCompany typeCooperative bankGovernment sponsored enterpriseIndustryAgribusinessCooperativesFinancial servicesFoundedJanuary 1 1989 1989 01 01 HeadquartersGreenwood Village Denver ColoradoKey peopleThomas Halverson President and CEONet incomeUS 1 1 billion 2019 Total assetsUS 145 billion 2019 Total equityUS 10 5 billion 2019 Websitewww wbr cobank wbr com In 1989 the National Bank for Cooperatives was created under the voluntary options of the Agricultural Credit Act of 1987 1 by a merger of eleven of thirteen bank for cooperatives including the Central Bank for Cooperatives created with the Farm Credit Act of 1933 The remaining two banks joined in 1995 when it changed its name to CoBank and merged with the Springfield Bank for Cooperatives and the Farm Credit Bank of Springfield and in 1999 with the merger of St Paul Bank for Cooperatives In 2012 CoBank merged with US AgBank FCB In 2014 they announced the construction of a new headquarters next to Fiddler s Green Amphitheatre which opened in December 2015 2 3 See also editDirector of Revenue of Missouri v CoBank ACB Northwest Farm Credit Services ACA Farm Credit of New Mexico ACAReferences edit Agricultural Credit Act of 1987 413 12 U S C 2121 note CoBank breaks ground on new international banking center The Villager April 10 2014 Archived from the original on August 18 2016 CoBank celebrates new Greenwood Village HQ The Villager January 6 2016 Archived from the original on August 18 2016 External links editOfficial website nbsp Farm Credit Administration in the Federal Register Portals nbsp Companies nbsp United States nbsp Business and economics Retrieved from https en wikipedia org w index php title CoBank amp oldid 1191660217, wikipedia, wiki, book, books, library,
