CoBank is the largest financial services institution headquartered in the state of Colorado in terms of assets. With over $100 billion in assets, the bank provides loans and other financial services to rural businesses in all 50 states, including farmer-owned agricultural cooperatives, rural electric co-ops, rural water companies, and rural communications service providers. In addition, it is the funding bank for 26 farm credit associations serving over 75,000 farmers and ranchers around the country.
CoBank is structured as a cooperative, meaning it is owned by customers that earn equity based on how much business they do with the bank over time. The bank is a member of the Farm Credit System, a national network of banks and lending associations specifically chartered to serve the needs of agriculture and the U.S. rural economy.
CoBank employs approximately 900 people, including 650 at its headquarters in Greenwood Village and another 250 at regional banking centers throughout the United States, as well as an international office in Singapore that supports its agricultural export finance business. CoBank has been named the safest bank in the United States and one of the 50 safest banks in the world by Global Finance magazine.
“Economically, Metro Denver is one of the healthiest metropolitan areas in the country, with a growing population, an expanding jobs base, and outstanding quality of life,” says Jim Bernsten, Senior Vice President and Chief Information Officer of CoBank. “The Metro Denver EDC is one of the big reasons for Metro Denver’s ongoing success, and CoBank is a proud supporter of the organization and its important mission on behalf of the local economy and business community.”