BANKING & FINANCIAL INSTITUTIONS

Regulating Financial Services, Protecting Montanans

STATE BANKING BOARD

The State Banking Board is composed of six members. The members of the Board must be appointed with consideration given to banks of small, medium and large size as well as geographical distribution. Two of the six members must be active officers in state banks of Montana; one must be an active officer of a national bank doing business in Montana; and three must be members of the public, none of whom is an officer, director, or shareholder of any state or national bank.

Board members are appointed by the Governor, with the consent of the Senate, for terms of 3 years. The Board elects a presiding officer from its members and a vacancy on the Board is filled by appointment for the unexpired term. A member may not serve more than two consecutive terms. The Board is allocated to the Department of Administration for administrative purposes only as provided in 2-15-121, MCA.

The powers and duties of the Board are to make final determinations upon applications for certificates of authorization for new banks, act in an advisory capacity with respect to the duties and powers given by statute or otherwise to the Department as the duties and powers relate to banking, upon request of an applicant or the Department, review a decision of the Department on an application for the formation or closure of branch banks, sales of branch banks, or the consolidation, merger, or relocation of banks and branch banks and conduct hearings as provided in 32-1-204, MCA.

To apply for an appointment to the Montana State Banking Board, please visit the Montana Boards, Councils & Commissions web page.

CURRENT BOARD MEMBERS

LOREN BROWN - BANK MEMBER
P.O. Box 218
Helena, MT 59624
Term Expires: 06/30/2024

BILL DAVIES - BANK MEMBER
303 N Broadway
Billings, MT 59101
Term Expires: 07/01/2022

TOM SWENSON - BANK MEMBER*
125 Bank Street, Suite 100
Missoula, MT 59802
E-mail Address: tswenson@bankofmt.com
Term Expires: 07/01/2023

SARAH CONVERSE - PUBLIC MEMBER
221 16th Ave. S.
Great Falls, MT 59405
Term Expires: 06/30/2024

KEVIN DAVIS - PUBLIC MEMBER
2809 Connery Way
Missoula, MT 59808
Phone: (406)327-0611
Term Expires: 06/30/2022

JIM POWELL - PUBLIC MEMBER
15 Marie Ct.
Bozeman, MT 59718
Term Expires: 06/30/2023

*denotes second term

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