About Stockman Bank
Overview & History of Stockman Bank
Stockman Bank is a complete financial center providing personal, business, agricultural and real estate banking services across Montana, northern Wyoming and western North Dakota.
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Early Beginnings
Stockman Bank's roots run deep. In 1953 Wm. Nefsy purchased controlling interest in the Miles City Bank. His vision was to create a banking organization to serve the needs of the entire community. Particularly important in his vision was the need to serve agricultural producers and local businesspeople. While various trends in the banking industry have come and gone over the years, Mr. Nefsy always focused on serving the financial needs of these important members of our community. This vision and focus on service continues today.
Growing Years
- 1953 Wm. Nefsy purchased controlling interest of the Miles City Bank.
- 1959 Western Exchange, a separate company offering deferred payment contracts, was established to cater to the needs of Montana ag producers.
- 1979 A bank holding company was formed to facilitate growth. First Security Bank & Trust of Miles City, formerly the Miles City Bank, became the lead bank.
- 1980 Richland National Bank & Trust of Sidney was acquired.
- 1984 The First National Bank of Glendive was acquired.
- 1989 First Security Bank of Glendive was acquired.
- 1991 Through Investment Services of America, we began offering investment advisory consultation.
- 1992 A fourth bank, Richey National Bank, was purchased.
- 1993 Stockman Insurance was established through an acquisition of the Richey Insurance Agency, in Richey.
- 1994 Farmers State Bank of Worden, with a branch office in Hysham, was acquired.
- 1994 A Stockman Insurance location was added in Worden and later that year was also available at Stockman Bank in Hysham.
- 1995 First National Bank of Wibaux was purchased, and Stockman Bank of Billings on King Avenue West was established.
- 1997 Stockman Bank of Montana was adopted as the common name for all banking locations and Stockman Financial Corporation was adopted as the holding company name.
- 1998 A second Billings full-service bank opened at Hilltop & Main in Billings Heights.
- 1999 State Bank of Terry was acquired and renamed Stockman Bank.
- 2000 Six Western Security Bank branches acquired and Plentywood added as the eleventh Stockman Bank location. Marquette Bank of Montana was acquired and locations were added in Conrad and Cut Bank. A third location in Billings at Shiloh Road and Grand Avenue was built and opened.
- 2001 One Glacier Bank and five Western Security Bank branches were acquired resulting in the addition of three Great Falls offices and an office in Havre. A Stockman Insurance location was added in Conrad.
- 2002 Investment Management Group of Livingston, Montana acquired and Stockman Asset Management established to provide investment advisory services to individuals, foundations, corporations and other financial institutions.
- 2003 Stockman opens Bozeman office as 19th Montana banking location.
- 2003 Voted Best Billings Bank.
- 2004 Montana Family Business of the Year and Voted Best Billings Bank.
- 2005 New Belgrade location opened and acquisition of Beaverhead Bank in Dillon.
- 2005 Stockman Asset Management received a prestigious 5-Star rating from Morning Star, a major investment rating service.
- 2006 Voted Best Billings Bank.
- 2007 Voted Best Billings Bank.
- 2007 Doubled the size of King Avenue office in Billings to expand the SAM headquarters.
- 2007 Helena Loan Processing Office (LPO) opened.
- 2008 Western Exchange name changed to Stockman Exchange.
Setting The Pace
Stockman Bank is a complete financial center and is recognized as a regional leader in several areas:
- 4th Largest Montana Bank with 22 Locations Statewide
- Montana's Largest Agricultural Bank
- 17th Largest Ag Lender in the Nation
- SBA Rural Lender of the Year
- SBA Preferred Lender
- Montana Board of Housing Rural Lender of the Year
- One of the most active Real Estate Lenders in Montana
- One of Montana's Largest Montana's Choice Student Loan Lenders
- Certified Lender for the USDA Rural Development Business & Industry Program
Affiliated Services
Stockman Bank, through highly-specialized divisions of our company, offers investment, wealth management, insurance, and ag deferred payment services. Stockman Insurance offers full-service insurance coverage as an independent agency. Stockman Exchange, Inc. provides deferred payment contracts to agricultural customers. Stockman Asset Management provides investment advisory services specializing in equity and fixed income investment management.
Vision For The Future
Stockman Bank is deeply committed to community banking and believes that this commitment will bring maximum benefit to customers and the communities served. As the financial services industry becomes increasingly competitive, Stockman Bank continues to be proactive in strategy and focus. Highly skilled banking professionals, and state-of-the-art technology, are key resources in positioning Stockman Bank as the region's premier financial center. Stockman Bank has been committed to their customers for over 50 years and looks forward to continuing the Community Banking visions they were founded on.
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