oBank, a leading cooperative bank serving agribusinesses, rural infrastructure providers and Farm Credit associations throughout the United States, has been named the safest bank in the United States by Global Finance magazine, and earned a place on its “World’s 50 Safest Banks” list for a fourth consecutive year.
Global Finance, which covers the financial services industry, publishes the “World’s 50 Safest Banks” list annually, and released its rankings for 2014 yesterday. 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 very pleased to have earned this distinction,” said Robert B. Engel, CoBank’s CEO. “Financial strength and stability is something all our customers look for when choosing a banking partner. We greatly value the trust our customers place in us, and it is essential that we continue to deliver exceptional value to them while maintaining a strong financial foundation for the long term.”
The ranking will be published in the November issue of Global Finance. Further information is available at the magazine’s website at www.gfmag.com.
CoBank is a $102 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 and the nation’s rural economy. 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 web site at www.cobank.com.