Halverson named new CoBank CEO

Tom Halverson previously served as CoBank's chief banking officer.

CoBank, a cooperative bank serving agribusinesses, rural infrastructure providers and Farm Credit associations throughout the U.S., announced that Tom Halverson has been named as the bank's new chief executive officer, effective Jan. 1, 2017.

The CoBank board of directors has appointed Halverson, currently the company's chief banking officer, as CEO-elect. He will succeed current CEO Bob Engel, who previously announced that he will be leaving at the conclusion of his current employ

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