AgriBank, the St. Paul-based Farm Credit Bank, has been named the safest bank in the United States by Global Finance magazine for the second consecutive year. This is the fourth time AgriBank has earned a place on the magazine’s list of the "World's 50 Safest Banks." Of the three U.S. banks to make the list, two — AgriBank and Denver-based CoBank — are a part of the farm Credit System.
“AgriBank appreciates being recognized again as the safest bank in the United States. Our financial strength allows us to support rural communities and agriculture when they need us most,” said Brian O’Keane, AgriBank executive vice president, Banking and Finance, and chief financial officer. “Facing lower commodity prices and resulting challenges in today’s ag economy, customers are relying on the Farm Credit lenders funded by AgriBank to provide the resources they need to be successful. Being able to provide reliable and consistent credit during these times allows us to contribute to the success of farmers and rural America.”
Global Finance, a monthly financial services magazine, names the World’s 50 Safest Banks annually. Winners were selected from the 500 largest banks in the world through an evaluation of long-term ratings from independent agencies Moody’s, Standard & Poor’s and Fitch, as well as total assets.
The full results of this exclusive survey will be published in the November issue of Global Finance. The safest banks will be presented awards at a special ceremony to be held during the Annual Meetings of the IMF and World Bank in Washington, D.C. on October 8.
For more information, visit the magazine's website.
AgriBank is one of the largest banks within the national Farm Credit System, with over $100 billion in total assets. Under the Farm Credit System's cooperative structure, AgriBank is primarily owned by 17 affiliated Farm Credit Associations. The AgriBank District covers America's Midwest, a 15-state area stretching from Wyoming to Ohio and Minnesota to Arkansas. With about half of the nation's cropland located in the AgriBank District and over 100 years of experience, the Bank and its Association owners have significant expertise in providing financial products and services for rural communities and agriculture. For more information, please visit www.AgriBank.com