CoBank was born in 1989 following a merger of 11 agricultural lending organizations originally established in 1916 under Congress’ Farm Credit System. Today, according to the CoBank’s website, they serve “approximately 75,000 farmers, ranchers and other rural borrowers in 23 states around the country.” Since they were founded over 25 years ago, CoBank has grown to become an integral component of America’s agricultural credit lending system and the largest bank in Colorado.
Now, in an effort to facilitate further growth, CoBank is preparing to relocate its headquarters to a new 11-story office building in the Denver Tech Center. “Our new corporate headquarters will greatly improve the workplace experience of our associates, and it will meet the needs of our business for the foreseeable future,” said CoBank CEO Robert Engel in an interview with the Denver Business Journal.
The building will be home to 296,000 square feet of office space, the vast majority of which will be occupied by CoBank. The bank’s current headquarters are located in a nearby facility in Greenwood Village.
According to the Denver Business Journal, CoBank is currently worth nearly $100 billion in assets. Likewise, the company’s new headquarters will be a welcome addition to this burgeoning new center of business development in Denver. CoBank is in the process of transferring its personnel and infrastructure to its new headquarters, and expects to vacate the old location completely by March of 2016.
Here at Construction Protection Systems, we’re proud to have had the opportunity to play a part, however small, in the growth and development of this important agricultural lending institution. Stay tuned for more updates from the makers of 1-2-3 Door Shield – the original, reusable door protection system.