CoBank, a cooperative bank based at Denver serving agribusinesses, rural infrastructure providers and Farm Credit associations throughout the United States, announced that it is renewing its "Sharing Success" program in 2013.
The bank's board of directors approved the commitment of $3 million to match charitable contributions made by cooperative customers between now and the end of the year. The bank will match donations on a dollar-for-dollar basis, from a minimum of $1,000 up to a maximum of $5,000 per customer. CoBank first launched the program in 2012 in conjunction with the International Year of Cooperatives.
"The response from customers to our Sharing Success program last year was overwhelming," said Bob Engel, CoBank's president and chief executive officer. "Over 600 cooperatives from all the industries we serve ended up taking part, joining with CoBank to support worthy causes across rural America. We're delighted that our board has agreed to renew Sharing Success this year, and we hope even more customers will take advantage of the program in 2013."
CoBank is a $95 billion cooperative bank serving 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 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.