CoBank to make $1 million gift to Wichita charity

AP News
Posted: Jan 03, 2012 1:51 PM
CoBank to make $1 million gift to Wichita charity

CoBank says it plans to give $1 million to charities in Wichita to mark the close of its merger with Wichita-based U.S. AgBank.

CoBank is a cooperative bank for agribusinesses, rural infrastructure providers and Farm Credit associations across the United States.

The three-year gift includes $375,000 for health care programs run by Project Access and Via Christi Health. Another $300,000 is allocated for hunger relief and housing assistance. The remaining $325,000 goes to United Way of the Plains and 10 other local charities.

The bank says United Way will administer the donation.

CoBank's merger with U.S. AgBank closed Jan. 1. The combined bank's Wichita office will include more than 80 employees. It will do business under the CoBank name with its headquarters near Denver.