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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

  • 7,266Employees

  • $690.8 MillionTotal Annual Compensation & Benefits

  • $95,077Average Total Compensation & Benefits

  • 36Banks 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 Call Report 2024Q4, Bureau of Labor Statistics 2024, ABA analysis

Lending

Lending

  • $2.9 BillionNew Home Loans Booked in 2024

  • 7,222Number of New Home Loans in 2024

  • $355,000Median New Home Loan Size in 2024

  • $2.9 BillionSmall Business Loans

  • 93.4 ThousandNumber of Small Business Loans

  • $30,907Average Small Business Loan

  • $324.8 MillionSmall Farm Loans

  • 4,383Number of Small Farm Loans

  • $74,109Average Small Farm Loan

Source: FFIEC HMDA 2024, FFIEC CRA 2023, FDIC Call Report 2024Q4, ABA analysis

Customers

Customers

  • $35.5 BillionDeposits

  • 50Banks Operating Branches

  • 372Branches & Offices

  • 95Branches Offering Low Fee Bank On-certified Accounts

Source: FDIC Summary of Deposits 2024Q2, CFE Fund, ABA analysis

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