As First Interstate Bank grows, costly federal regulation nears

Division Releases Results of 2015 NMLS License Renewals

The Montana Division of Banking and Financial Institutions (Banking Division) recently finished processing annual renewals for all non-depository licensees. These renewals were all submitted online via the Nationwide Mortgage Licensing System (NMLS). Licensees had until 12/31/15 to request renewal. Licensees that did not request in that time frame were given until 2/29/16 to submit a late renewal request and pay an additional fee. According to the NMLS renewal dashboard available on March 1, 2016, 88.5% of licensees requested renewal during the 2015 renewal period. This percentage is 3% higher than what was submitted by this timeframe in 2015. The Division also had an increase of over 400 renewable licenses compared to last year. The Banking Division attributes its efficiency to its licensing staff’s commitment to training and their utilization of enhanced functionality of the NMLS.

NMLS Weekly Statistics – as of March 1, 2016


As of 3/1/2016

As of 3/2/2015

Renewal requests submitted

88.5% (2,836)

85.0% (2,386)

Renewal requests approved

100% (2,828)

99.9% (2,384)


ALERT - Email Phishing Scam

First Interstate Bank has been notified of a new phishing scam aimed at our customers. The scam is in the form of an email with the subject line “Important Message on Your First Interstate Bank Account.”

Family of Banks unite under new name as TrailWest Bank

Customers of 13 locally owned and operated banks in four western Montana counties may have noticed that their bank is sporting a new name. The Family of Banks officially united under the name TrailWest Bank on Oct. 5.

Bank Semiannual Assessment Holiday - First Half 2015

The Division amended ARM 2.59.104 on June 12, 2015 giving banks an assessment holiday from the first half 2015 semiannual assessment.  This rule revision is intended to be temporary and will sunset on August 31, 2015.  If you have any questions, please contact our office at 406-841-2920 or



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