May 29, 2016 11:48 AM ET


Company Overview of Cobank Acb

Company Overview

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 needs; 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...

6340 South Fiddlers Green Circle

Greenwood Village, CO 80111

United States

Founded in 1916

883 Employees



Key Executives for Cobank Acb

Chief Executive Officer and Member of Asset & Liability Committee
Age: 61
President, Member of Asset & Liability Committee, Member of Loan Committee and Member of Country Risk Committee
Age: 59
Chief Financial Officer and Chairman of Asset & Liability Committee
Age: 52
Chief Operating Officer and Vice Chairman of Asset & Liability Committee
Age: 58
Southern Region President of Regional Agribusiness Banking Group
Compensation as of Fiscal Year 2015.

Cobank Acb Key Developments

CoBank Announces Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2016

CoBank announced unaudited consolidated earnings results for the first quarter ended March 31, 2016. Net income for the quarter was $243.3 million, a 5% increase from $232.2 million in the first quarter of 2015. The increase in earnings primarily resulted from higher net interest income, partially offset by increased operating expenses. Net interest income for the quarter rose 7% to $336.9 million, from $315.3 million in the same period last year, primarily due to higher average loan volume.

CoBank ACB to Redeem All the Issued and Outstanding Principal Amount of its 7.875% Subordinated Notes Due 2018 on April 15, 2016

On March 11, 2016, CoBank ACB announced that it will redeem all the issued and outstanding principal amount of its 7.875% subordinated notes due 2018 on April 15, 2016. The subordinated notes will be redeemed at a redemption price of 100% of the principal amount of the notes to be redeemed together with accrued and unpaid interest to but excluding the redemption date. The terms of the subordinated notes provide that the notes are redeemable in whole on any interest payment date after CoBank receives notification from the Farm Credit Administration of certain changes to CoBank's regulatory capital requirements. The Farm Credit Administration board March 10 voted to approve changes to modify certain regulatory capital requirements for Farm Credit System banks, including CoBank. The redemption and paying agent for the redemption is The Bank of New York Mellon Trust Co. NA.

Cobank Acb, 2015 Earnings Call, Mar 10, 2016

Cobank Acb, 2015 Earnings Call, Mar 10, 2016

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