Courtesy of Langston University
CoBank and Langston University today announced a multi-year pilot program that will introduce Langston students to CoBank and the Farm Credit System and create connections for students pursuing career opportunities in banking and financial services.
CoBank has committed $500,000 to support the effort, which will launch later this year. Dubbed the āLangston University CoBank Scholars,ā the joint initiative will create a multi-faceted approach to education and engagement. The program will include scholarships, coaching and mentoring, an onsite immersion experience at CoBankās Colorado headquarters, and internship opportunities for Langston University students.
Founded in 1897, Langston University is one of approximately 100 Historically Black Colleges and Universities (HBCUs) in the United States. Its main campus is located outside of Guthrie, Oklahoma with campuses in Oklahoma City and Tulsa. With an enrollment of approximately 1,900 students, Langston offers degrees in agriculture and applied sciences, business, education, health care and other disciplines.
āCoBank is delighted to partner with Langston University in this exciting initiative,ā said Tom Halverson, CoBankās president and chief executive officer. āThis significant investment, unanimously approved by our board of directors, supports the commitment of the Farm Credit Systemās to the nationās HBCUs and is a tangible demonstration of CoBankās core value of diversity, equity and inclusion.ā
āLike many employers, CoBank strives to hire the best and most qualified talent,ā said Faye Tate, vice president of Diversity, Equity & Inclusion at CoBank. āTo achieve that goal, we need to reach the broadest possible pool of candidates, including those from diverse communities. We know that HBCUs are a tremendous source of talent, but many HBCU students simply are not aware of the vast range of rewarding career opportunities offered by CoBank and the Farm Credit System. Our hope is that our partnership with Langston University will help us to change that.ā
āWe are incredibly proud to partner with CoBank,ā said Dr. Kent J. Smith, Jr., president of Langston University. āThe opportunities available to our students through this partnership will prepare them for a variety of career paths and enhance their overall development as young professionals. We are grateful to CoBank for their support of our students.ā
āWe are so excited about the opportunities our partnership with CoBank will bring to Langston University students,ā said Theresa Powell, vice president for Operations at Langston. āAs an agricultural and mechanical college situated in a rural setting, we share many values including a focus on transforming small communities and supporting the rural economy. We believe that we are poised to build an excellent program wherein CoBank will bring expertise directly to our students in Langston and beyond, leading our graduates to demonstrate those shared values of collaborative community development as professionals.ā
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 more than 76,000 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.
