CBE Group Moves Headquarters to Larger Facility

WATERLOO, Iowa and ST. LOUIS – The CBE Group, Inc. (CBE) announced today that it will be moving its corporate headquarters to a new, larger facility in Eastern Iowa. This announcement follows the release of CBE’s new strategic plan and brand last month ("Collection Agency Unveils New Strategic Plan, Vision for ARM Industry," March 23).

“One of CBE’s core focuses is employee satisfaction,” said Thomas R. Penaluna, CBE’s President, CEO and sole owner since 1986. “We believe this move will provide better accommodations for our employees and also position us for future growth within the community. We are proud to be a Cedar Valley-based company for over 77 years and this move helps prepare us to remain here for many years to come.”

This move allows CBE to consolidate all of its Eastern Iowa operations under one roof.  CBE currently is housed in two separate facilities in the Tower Park complex in Waterloo.  CBE’s new office location will be located at 1309 Technology Parkway.  This location is presently owned by Rabo AgriFinance, which is relocating its offices to 6919 Chancellor Drive.  The CBE relocation is expected to be complete by the fall of 2010.

About The CBE Group
CBE has been in the accounts receivable management business since 1933. CBE currently employs nearly 1,000 people in five locations nationwide. CBE’s corporate headquarters is located in Waterloo, Iowa, with additional facilities in West Des Moines, Iowa; Overland Park, Kansas; and Atlanta, Georgia. CBE was named the number two place to work in the Waterloo/Cedar Falls metropolitan area in 2009. With more than 850 clients, CBE represents many of the nation’s most renowned and respected organizations. CBE serves a variety of industries including healthcare, utilities, satellite, communications, financial services, education and government sectors. For more information, visit www.cbegroup.com.

About Rabo AgriFinance and the Rabobank Group
Rabo AgriFinance (www.RaboAg.com), is a leading provider of financial services for agricultural producers and agribusiness in the United States, and is a part of the Rabobank Group.  Rabo AgriFinance offers a comprehensive suite of financial services including loans, crop insurance and sophisticated risk management products through a nationwide network of relationship managers, crop insurance and risk management specialists.  

Rabobank Group is a 111-year old financial services leader providing retail and institutional banking and agricultural finance solutions in key markets around the world. From its century-old roots as a finance cooperative founded by Dutch farmers, Rabobank has grown into one of the largest banks in the world with more than U.S. $850 billion in assets and operations in over 35 countries. Rabobank is AAA rated and ranks among the world’s safest banks by Global Finance magazine.