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Deputy Commissioner of Credit Unions Retiring

The Deputy Commissioner of Credit Unions with the Montana Division of Banking, Chris Olson, announced his retirement at the end of this month. Chris was instrumental in the drafting of our modernization bill, HB 550, with his knowledge and years of experience. Commissioner Melanie Hall said, "Chris has been a valued member of our team for almost 40 years and his knowledge and experience are irreplaceable. The Division will miss his trusted counsel, but we genuinely appreciate the mentoring that Chris has provided all of us to smooth the transition." We wish Chris the best in his future!

(From Tracie Kenyon's Your Weekly President's Report)

2015 Bank Merger Update

  • West One Bank of Kalispell merged into Bitterroot Valley Bank of Lolo on January 1st, 2015.
  • Community Bank in Ronan, MT was acquired by Glacier Bancorp on February 28, 2015. Read the full store here.
  • Lake County Bank of St. Ignatius merged into Valley Bank of Ronan on April 10, 2015.

There are currently 52 Montana state-chartered banks.

Montana Financial Education Group Gets National Award

Helena -   A Washington, DC-based organization recently announced that the Montana Financial Education Coalition (MFEC) was selected for a national award because of its creative and comprehensive work to improve the personal financial literacy of students in pre-kindergarten through college. The organization, the “Jump$tart Coalition for Personal Financial Literacy,” selected Montana’s efforts as the “2015 Jump$tart State Coalition of the Year.”

First Bank of Lincoln Announces New Location

First Bank of Lincoln announced that its new 2,800 sq. ft. facility located at 503 Main Street will be opened to customers on Tuesday, February 17, assuming IT issues are resolved over the holiday weekend.  A special welcome celebration with food and refreshments will be available throughout the day.

FDIC Launchs Web Page to Allow Institutions to Understand How FDIC Markets Failing Institutions

The FDIC recently launched a Failing Bank Acquisitions Web page on fdic.gov to allow institutions to better understand how the FDIC markets failing institutions.  The Failing Bank Acquisitions Web page may be accessed from the FDIC’s Web site at https://www.fdic.gov/buying/FranchiseMarketing/

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