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COBANK NAMED SAFEST BANK IN U.S. BY GLOBAL FINANCE MAGAZINE
Sep. 16, 2014
Source: CoBank news release
CoBank, 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 chief executive officer. "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.
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