CoBank announces results of governance bylaw amendment vote

DENVER (May 4, 2026) – CoBank, a cooperative bank serving agribusinesses, rural infrastructure providers and Farm Credit associations throughout the United States, today announced that stockholders have turned down board-recommended amendments to the bank’s governance bylaws to downsize the board and make other governance changes.

Under the proposed amendments, two existing elected board seats would have been eliminated, including a one-stockholder-one-vote seat in the Central region and a modified equity seat in the West region. Additionally, certain industry experience requirements for board members would have been modified.

Votes on the proposed amendments were tabulated on both a one-stockholder-one-vote basis and on a modified equity basis. The measure did not pass on a modified equity basis.

The proposed changes stemmed from a review of the bank’s governance that is conducted periodically as called for under the bank’s governance bylaws. The recommendations were developed by a board-appointed Board Restructuring Committee consisting of sitting directors and non-board customer representatives.

About CoBank

CoBank is a cooperative bank serving vital 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 almost 80,000 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, rural infrastructure and rural communities. Headquartered outside Denver, Colorado, CoBank serves customers from regional banking centers across the U.S. and also maintains an international representative office in Singapore.