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Montana: Banks’ Economic Impact

Banks support Montana’s economy with consumer, business and other loans, and by providing more than 7,000 people with a rewarding place to work.

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Jobs

Jobs

  • 7,516Employees

  • $567.4 MTotal Annual Compensation & Benefits

  • $75,486Average Total Compensation & Benefits

  • 40Banks Headquartered in State

Making a Difference with Senior Champions

Senior Champions at Bank of the Rockies are a special sect of employees who are passionate about assisting older bank customers. They are dedicated to empowering financial consumers with the vital knowledge they need to make smart decisions, and are well versed in issues affecting the elder community, including fraud detection and prevention.

Source: FDIC branch deposit data (2020), estimates based on ABA 2020/2021 survey data

Lending

Lending

  • $8 BNew Home Loans Booked in 2020

  • 27,054Number of New Home Loans in 2020

  • $235,000Median New Home Loan Size in 2020

  • $1.7 Bin Paycheck Protection Program (PPP) Loans Facilitated

  • 22,348PPP Loans

  • $21,200Median PPP Loan

  • 217.6 KJobs Supported by PPP

Bank Saves Local Grocery Store

During the COVID-19 pandemic, Bank of the Rockies worked tirelessly to ensure a local grocery store could continue serving the community—through the power of PPP funding. Watch the video to see just how they made an impact. 

Source: Estimates based on ABA 2020/2021 survey data, HMDA, SBA PPP Loans

Customers

Customers

  • 826.8 KCustomers

  • $29 BDeposits

  • 52Banks Operating Branches

  • 381Branches & Offices

  • 48Branches Offering Low Fee Bank On-certified Accounts

Source: Estimates based on ABA 2020/2021 survey data, FDIC branch deposit data, CFE Fund and S&P Global Market Intelligence

Giving Back

Giving Back

  • 27.4 KVolunteer Hours

  • $6.9 MCommunity Donations

Bank of the Rockies: Working to Vaccinate Montana

When their community needed it most, Bank of the Rockies stepped up to provide a life-saving service—accessible COVID-19 vaccines. Montana Gov. Gianforte’s call to action to increase COVID-19 vaccination rates across the state led Bank of the Rockies to collaborate with the State of Montana’s Department of Health and Human Services and local health officials to do just that.

Source: Estimates based on ABA 2020/2021 survey data

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