Hunton & Williams Advises on CoBank, ACB Offering of 375,000 Shares of Preferred Stock

Hunton & Williams LLP advised CoBank, ACB on an offering of 375,000 shares of Fixed-to-Floating Rate Series I Non-Cumulative Perpetual Preferred Stock.

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. The bank also provides wholesale loans and other financial services to affiliated Farm Credit associations serving farmers, ranchers and other rural borrowers. 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.

The Hunton & Williams team included Pete O’Brien, Steven Friend and Douglas Dua. Kendal Sibley provided tax advice.