Company Overview of Cobank Acb
CoBank, ACB, a co-operative bank, provides loans, leases, and other financial services in the United States. The company operates in three segments: Agribusiness, Strategic Relationships, and Rural Infrastructure. It offers loans to finance current or seasonal assets, inventories, accounts receivable, commodities, and other short-term loans; and for the construction of new facilities, remodeling or expanding existing facilities, purchase of land or equipment, mergers and acquisitions, long-term assets, and working capital, as well as offers refinanced loans and pension prepayment loan programs. The company also provides leasing solutions for transportation vehicles, such as pickups, vans, an...
5500 South Quebec Street
Greenwood Village, CO 80111
Founded in 1916
Key Executives for Cobank Acb
Chief Executive Officer and Member of Asset & Liability Committee
President, Member of Asset & Liability Committee, Member of Loan Committee and Member of Country Risk Committee
Chief Financial Officer and Chairman of Asset & Liability Committee
Chief Operating Officer and Member of Asset & Liability Committee
Southern Region President of Regional Agribusiness Banking Group
Compensation as of Fiscal Year 2015.
Cobank Acb Key Developments
Cobank Acb Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
Aug 3 15
Cobank Acb reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, net interest income for the second quarter was $309.4 million compared to $311.4 million in the same period last year. Net income was $232 million compared to $233 million in the same period last year.
For the first six months of 2015, net interest income was $624.6 million, compared to $620.3 million in the prior-year period. The impact of higher average loan volume on net interest income was offset by spread compression in the bank's loan and investment portfolios as well as a reduction in the amount of income from net accretion of asset and liability fair value adjustments resulting from the application of business combination accounting standards in connection with the bank's 2012 merger with U.S. AgBank. Net income was $465 million compared to $464 million in the same period last year.
Cobank Acb Presents at 2015 National Association of Water Companies Financial Forum, Jul-15-2015
Jul 8 15
Cobank Acb Presents at 2015 National Association of Water Companies Financial Forum, Jul-15-2015 . Venue: 109 W. 39th Street (6th Ave), New York, NY 10018, United States. Speakers: Dave Dornbirer.
CoBank ACB Approves Amendments to the Bank's Governance Bylaws, Effective January 1, 2016
Jun 22 15
CoBank ACB announced June 18, 2015 that shareholders approved amendments to the bank's governance bylaws concerning board membership and director requirements. The changes will gradually reduce the number of elected board members to 14 from 24 over a four-year period concluding in 2020, and increase the maximum number of appointed directors to four from three. Shareholders also agreed to modify director experience requirements for a better balance of agricultural, Farm Credit and rural infrastructure experience. The bylaw amendments, which were recommended by the board after a governance review in 2014, will take effect Jan. 1, 2016.
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