# CoBank

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> Source: https://en.wikipedia.org/wiki/CoBank
> Source revision: 1356444078
> License: Creative Commons Attribution-ShareAlike 4.0 International (https://creativecommons.org/licenses/by-sa/4.0/)

{{Short description|Part of the US Farm Credit System}}
{{Infobox company
| name = CoBank, ACB
| logo =CoBank logo.png
| image =CoBank territory as of 2016-01-01.jpg
| image_alt = A map highlighting, in various colors and patterns, most of the states of Alaska, Arizona, California, Colorado, Connecticut, Hawaii, Idaho, Kansas, Maine, Massachusetts, Montana, Nevada, New Hampshire, New Jersey, New Mexico, New York, Oklahoma, Oregon, Rhode Island, Utah, Vermont, Washington, North Dakota, and Wyoming.
| image_caption =Charter territory for Farm Credit Bank operations
| type = {{ubl|[Cooperative bank](/source/Cooperative_banking)|[Government-sponsored enterprise](/source/Government-sponsored_enterprise)}}
| traded_as = 
| hq_location = [Greenwood Village](/source/Greenwood_Village%2C_Colorado)
| hq_location_city = [Denver, Colorado](/source/Denver)
| key_people = Thomas Halverson, President and CEO
| industry = {{ubl|[Agribusiness](/source/Agribusiness)|[Cooperative](/source/Cooperative)s|[Financial services](/source/Financial_services)}}
| net_income = {{decrease}} US$ 1.1 billion
| net_income_year = 2019
| assets = {{increase}} US$ 145 billion
| assets_year = 2019
| equity = {{increase}} US$ 10.5 billion
| equity_year = 2019
| founded = {{Start date|1989|1|1}}
}}
'''CoBank''', part of the US [Farm Credit System](/source/Farm_Credit_System), provides loans and financial services to [cooperative](/source/cooperative)s, [agribusiness](/source/agribusiness)es, rural [public utilities](/source/Public_utility) and other farm credit associations, who [collectively own](/source/Cooperative_banking) CoBank. It is also an agricultural [export credit agency](/source/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](/source/Greenwood_Village%2C_Colorado), outside [Denver](/source/Denver).

In 1989, the National Bank for Cooperatives was created under the voluntary options of the [Agricultural Credit Act of 1987](/source/Agricultural_Credit_Act_of_1987)<ref>[Agricultural Credit Act of 1987](/source/Agricultural_Credit_Act_of_1987), §413 ({{UnitedStatesCode|12|2121}} note.)</ref> by a merger of eleven of thirteen ''bank for cooperatives'' (including the Central Bank for Cooperatives) created with the [Farm Credit Act of 1933](/source/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](/source/Fiddler's_Green_Amphitheatre), which opened in December 2015.<ref>{{Cite web|url=http://www.villagerpublishing.com/76636/news/business-cobank-celebrates-new-greenwood-village-hq/|title=CoBank breaks ground on new international banking center|last=|first=|date=April 10, 2014|website=The Villager|publisher=|access-date=|archive-url=https://web.archive.org/web/20160818154028/http://www.villagerpublishing.com/76636/news/business-cobank-celebrates-new-greenwood-village-hq/|archive-date=August 18, 2016|url-status=dead}}</ref><ref>{{Cite web|url=http://www.villagerpublishing.com/76636/news/business-cobank-celebrates-new-greenwood-village-hq/|title=CoBank celebrates new Greenwood Village HQ|last=|first=|date=January 6, 2016|website=The Villager|publisher=|access-date=|archive-url=https://web.archive.org/web/20160818154028/http://www.villagerpublishing.com/76636/news/business-cobank-celebrates-new-greenwood-village-hq/|archive-date=August 18, 2016|url-status=dead}}</ref>

== See also ==
* [Director of Revenue of Missouri v. CoBank ACB](/source/Director_of_Revenue_of_Missouri_v._CoBank_ACB)
* [Northwest Farm Credit Services](/source/Northwest_Farm_Credit_Services), ACA
* [Farm Credit of New Mexico](/source/Farm_Credit_of_New_Mexico), ACA

== References ==
{{Reflist}}

== External links ==
* {{Official website}}
* [https://www.federalregister.gov/agencies/farm-credit-administration Farm Credit Administration] in the [Federal Register](/source/Federal_Register)

{{Co-operatives}}
{{Portal bar|Companies|United States|Business and economics}}
{{Authority control}}

Category:Farm Credit System
Category:Export credit agencies
Category:Companies based in Greenwood Village, Colorado
Category:Cooperatives based in Colorado

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Adapted from the Wikipedia article [CoBank](https://en.wikipedia.org/wiki/CoBank) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/CoBank?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.