MIB and MBA Hold Joint Legislative Meetings and Banquet

The Montana Independent Bankers and the Montana Bankers Association held their biennial joint legislative meeting on January 14-15, 2015 to discuss issues of interest to Montana’s banks with Montana’s legislators. Leadership from both the House and Senate were present for a question-and-answer luncheon, and Governor Steve Bullock spoke at their breakfast.  Both associations also hosted Read the Rest…

MIB Board Welcomes New Director

MIB is pleased to welcome a new director to its board of directors.  Joel Rosenberg is Vice President of Consumer and Commercial Lending at Valley Bank of Kalispell, where he has worked for the past ten years. Joel received a degree in Finance in 2003 from the University of Montana Business School where he was Read the Rest…

Eagle Bank Announces New Officers

Eagle Bank was established July 24, 2006 with only one branch in rural Polson, Montana.  The current asset size averages $45 million.  Our bank holding company, Salish and Kootenai Bancorporation, is the only federally chartered bank holding company organized under Section 17 of the Indian Reorganization Act of 1934.  Eagle Bank, chartered by the State Read the Rest…

Federal Reserve Bank of Minneapolis Payments Fraud Survey Summary of Results

The Federal Reserve Banks of Minneapolis, Boston, Chicago, Dallas, and Richmond conducted a payments fraud survey during April and May 2014. Payments fraud is an ongoing concern of financial professionals whose job it is to protect their organization’s payment transactions from traditional and emerging fraud schemes. Payment fraud attacks and losses using card and check Read the Rest…

Senate Approves Tester Measures to Support Community Banks, Credit Unions

Senator’s provisions to reduce red tape on rural lenders head to President’s desk (U.S. Senate) – Senator Jon Tester this week secured a victory in the Senate by passing two bipartisan measures to support Montana community banks and credit unions. The President is expected to sign the bills into law. Tester’s measures, which are part Read the Rest…

Priorities of Montanans in Choosing Banks

The Montana Chamber of Commerce invited MIB to submit a question to their annual Power-Base survey of registered Montana voters. This survey polled 800 voters on a variety of issues ranging from views on the direction of the state and national economies to opinions about legislative priorities, industry sectors, what to do with surplus state revenues, Read the Rest…

THE OCC HAS SPOKEN: Unsafe or Unsound Banking Practices

By Philip Chiaviello, Attorney at Law For more than 30 years, our federal appellate courts have applied conflicting definitions of unsafe or unsound banking practice in the context of regulatory enforcement. With a recent decision from the Office of the Comptroller of the Currency, the definition should be clear; at least as far as the Read the Rest…

Peoples Bank of Deer Lodge Promotes Amber Brown as President

The Board of Directors of Peoples Bank of Deer Lodge is pleased to announce the promotion of Amber L. Brown.  She has been promoted to the position of President, and will begin her duties on November 1, 2014.  She replaces Kirk Sandquist as President.  He will remain as Chairman of the Board. Amber has been Read the Rest…

On the Third Anniversary of the Durbin Amendment, 94% of Consumers Not Seeing the Savings Retailers Promised Them

WASHINGTON, DC – October 1, 2014, marks the third anniversary of the implementation of the Durbin amendment, a piece of legislation that was masked as reform, but was nothing more than an $8 billion annual windfall for retailers. While retailers promised they would pass along savings to consumers – savings that now amount to over Read the Rest…

2014 MIB Outstanding Young Banker Award

To recognize upcoming leaders in Montana’s banking community, MIB honors one special young banker each year.  This scholarship is based on the community banking values of good citizenship, community service, and sound banking skills.  This award not only recognizes the impact that the candidate has in his or her business each day, but also the Read the Rest…

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