1st Security Bank

What 1st Security Bank does

1st Security Bank of Roundup is an independent community bank headquartered at 401 Main Street in Roundup, Montana. Founded on September 7, 1971, by six local directors including William D. Bianchi, Gerald Kaufman, Otto Stensvad, John D. Armstrong, Jeano Picchioni, and Roy Rodeghiero, the bank was organized with over 90 local stockholders. It operates under the holding company Central Montana Bancorporation, formed in 1983, and remains locally owned and operated, with all 10 staff members and 6 directors living and doing business in the Roundup area. The bank reports approximately $85 million in total assets and holds FDIC-insured and Equal Housing Lender designations.

The bank delivers a full range of traditional retail and commercial banking products through a single physical branch supplemented by online and mobile channels. Consumer offerings span multiple checking tiers (Deluxe, Budget, Basic, Student, Interest/NOW, Super Interest, Senior), savings (Regular, Money Market, Minor), certificates of deposit, IRA products (Traditional, Roth, Coverdell, SIMPLE, SEP), HSA, and Montana MSA. Lending products include agriculture operating, real estate, livestock and equipment, and FSA-related loans; commercial loans and letters of credit; auto and recreation loans; mortgages; debt consolidation; and short-term signature loans. Visa-branded debit cards are issued directly; credit cards are issued via partnership with TCM Bank, N.A.; and secondary market mortgages are facilitated through Crescent Mortgage. Digital delivery comprises Online Banking, a 2022-launched native mobile application on iOS and Android, Mobile Deposit, and Zelle-enabled P2P payments.

Revenue is generated primarily through net interest income on the loan portfolio and deposit-related fees (monthly maintenance, per-transaction, overdraft), supplemented by interchange on Visa card transactions and ancillary services including safe deposit boxes, notary, and teller services. The go-to-market motion is direct-to-consumer relationship banking with locally originated and underwritten credit decisions, typically with next-day loan responses. Customer concentration is anchored in agricultural operations across Musselshell County, with a horizontal segmentation approach spanning consumers, small businesses, students, and seniors, supported by community involvement and grassroots engagement rather than digital marketing.

Name

1st Security Bank

Legal name

First Security Bank of Roundup

Website

https://1stsecurityroundup.com

Company type

Private

Founded year

1971

Operating status

Operating

Headcount range

1–10 employees

Short description

1st Security Bank of Roundup is an independent, locally owned community bank founded in 1971 that provides deposit accounts, agricultural, commercial, and consumer loans, and digital banking services to residents, farmers, ranchers, and small businesses in Roundup, Montana through a single branch.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Mass-Market Consumer Deposit Banking (Checking/Savings) (FSABAAAA)

akta.pro secondary industry

Virtual / Digital-First Credit Cards (FSAKABAK)

Keywords

• Community banking services
• Agricultural lending
• Consumer deposit products
• Small business lending
• Mobile and online banking

Headquarters

HQ city

Roundup

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Interest Income: Traditional banking revenue from interest earned on loans including agriculture loans, commercial loans, personal loans, and mortgages
2. Account and Transaction Fees: Monthly service charges, per-transaction fees on checking accounts, maintenance fees on savings accounts, overdraft fees, and other banking service fees
3. Credit Card Interchange: Revenue from debit and credit card transactions processed through Visa network

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels3 records

Core offering

1st Security Bank of Roundup is an FDIC-insured independent community bank offering consumer and business deposit accounts (checking, savings, money market, CDs, IRAs, HSA), Visa debit cards, TCM Bank-issued credit cards, and a full lending suite spanning agriculture, commercial, consumer, and mortgage loans (via Crescent Mortgage secondary market). Services are delivered primarily through one physical branch in Roundup, Montana, supplemented by online banking, iOS/Android mobile apps, and mobile deposit.

Product overview

1st Security Bank of Roundup is an independent community bank offering a comprehensive suite of traditional banking products and services through a single branch location. The core banking platform consists of consumer and business deposit products (checking, savings, money market, and certificates of deposit), credit products (personal and business credit cards, consumer loans, agricultural loans, commercial loans, and mortgages), and digital banking channels (online and mobile banking with mobile deposit). The product portfolio includes retirement accounts (Traditional, Roth, Coverdell, SIMPLE, and SEP IRAs), health savings accounts (HSA and Montana MSA), and supplementary services (financial education via Banzai, calculators, notary services, safe deposit boxes, and teller services). Digital banking products are delivered through the Online Banking platform, Mobile Banking app, and Mobile Deposit feature, with credit cards issued through partnership with TCM Bank, N.A. and mortgage financing facilitated through Crescent Mortgage.

Differentiator

Problem solved

Functional benefit

Products and services

• Deluxe Checking Account Personal checking account for individual consumers with a tiered fee structure, package of discounts including ATM fee waivers, safe deposit box discounts, and loan interest rate discounts; $100 minimum to open.
• Budget Checking Account Personal checking account with no minimum balance requirement and a flat $8 monthly maintenance fee; first order of personalized checks is free.
• Basic Checking Account Simple personal checking account with $0.30 per-debit transaction fees.
• Student Checking Account Checking account for enrolled students with no monthly maintenance fee and free first order of personalized checks.
• Interest Checking Account (NOW) Interest-bearing personal checking with monthly compounding; $6 monthly fee waived at $10,000 combined balance.
• Super Interest Checking Account Premium interest-bearing checking for customers with larger balances, including higher rates and benefits package.
• Senior Account Checking account for customers age 60 or older, with $100 minimum to open, unlimited deposits, and no minimum balance requirement.
• Regular Savings Account Personal savings account with quarterly interest compounding; $50 minimum balance required.
• Money Market Account Interest-bearing savings account with monthly compounding and limited transactions (six per month); $1,000 minimum balance.
• Minor Savings Account Savings account for customers 18 years or younger with no minimum balance and quarterly interest accrual.
• Certificates of Deposit (CD) Fixed-term savings products with various maturity terms and fixed interest rates based on prevailing market conditions.
• Traditional IRA Tax-deferred retirement savings account allowing pre-tax contributions for retirement investment purposes.
• Roth IRA Nondeductible retirement account featuring tax-free withdrawals at required age after a five-year holding period.
• Coverdell IRA Nondeductible education savings account offering tax-free withdrawals for qualified student education expenses.
• SIMPLE IRA Salary deferral plan for employees offering lower administrative costs compared to traditional 401(k) plans.
• SEP IRA Simplified Employee Pension plan allowing small business owners to make tax-deductible contributions with flexible, easy-to-maintain setup.
• Health Savings Account (HSA) Tax-advantaged savings account for people with high-deductible health plans, enabling tax-free payments for current and future medical expenses.
• Montana Medical Savings Account (MSA) State-specific medical savings account allowing Montanans to save for medical expenses and long-term health care while reducing state income taxes.
• Personal Debit Card Visa-branded debit card linked to personal checking accounts, usable at any Visa-accepting merchant and at ATMs.
• Personal Credit Card Consumer credit card issued by TCM Bank, N.A. offering convenience, value, and financial security for everyday purchases.
• Auto & Recreation Loans Personal financing for vehicles including cars, vans, trucks, RVs, campers, and boats, with customized payment plans.
• Mortgage Loans Home financing for buying, building, or refinancing residential properties, offered via secondary market partner Crescent Mortgage.
• Debt Consolidation Loans Loan product combining multiple higher-interest debts into a single payment, potentially reducing monthly obligations.
• Short-Term Signature Loans Unsecured personal loans for unexpected expenses, typically offering better rates than credit cards.
• Agriculture Operating Loans Convenient lines of credit providing immediate access to working capital for farming and ranching operations.
• Agriculture Real Estate Loans Financing for purchasing or refinancing agricultural property, land improvements, buildings, and facilities.
• Livestock & Equipment Loans Customized financing for purchasing livestock, feed, supplies, and agricultural machinery.
• FSA & Subordination Loans Agricultural credit products coordinated with outside sources (e.g., USDA FSA) to help secure funding for farm and ranch operations.
• Commercial Loans Business loans for starting, operating, or expanding businesses, available on short-term and long-term bases.
• Letters of Credit Commercial credit instruments for guaranteeing performance, providing bonding for bids, or ensuring invoice payment.
• Premiere Business Checking Business checking account with no per-deposit item charge; $500 minimum balance, $5 monthly fee if balance falls below minimum.
• Business Savings Accounts Business savings options including Regular Savings, Money Market Accounts, and Certificates of Deposit.
• Business Debit Card Visa debit card for business checking accounts, with detailed monthly statements.
• Business Credit Card Business credit card issued by TCM Bank, N.A., subject to credit approval.
• Online Banking Web-based banking platform providing secure 24/7 account access, transaction review, deposit viewing, and statement history.
• Mobile Banking App iOS and Android application providing balance checks and fund transfers on smartphones, branded as FSB Roundup.
• Mobile Deposit Remote check deposit feature within the FSB Roundup mobile application with step-by-step capture instructions.
• Notary Public Services Free notary services available to bank customers for document authentication.
• Safe Deposit Boxes Secure storage boxes available in various sizes for safe storage of valuables; sizing and pricing available upon inquiry.
• Teller Services In-branch services including Cashier's Checks, Counter Checks, Drafts, Money Orders, Coin Counting, Stop Payment, and photocopy/fax services.

Quantifiable outcome

• Loan applications responded to by following day
• +1 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature4 records

Partnerships

Three partnerships are on record, tiered minor and core.

• Banzai!minorStrategic or Co-development PartnerFinancial education partnership providing online courses and calculators for customers and community members to learn about financial topics including taxes, checking accounts, loans, and more.
• TCM Bank, N.A.coreChannel Partner/ Reseller/ DistributorCredit card issuing partner. Credit cards are issued by TCM Bank, N.A. and offered to 1st Security Bank customers through the bank's distribution channels.
• Crescent MortgagecoreChannel Partner/ Reseller/ DistributorSecondary market financing partner for mortgage products. 1st Security Bank offers secondary market financing through Crescent Mortgage for home buying, building, or refinancing.

Scale indicators4 records

Recent moves5 records

Expansion highlights5 records

Regional players

• Stockman Bank of Montana: Montana-headquartered community bank serving agricultural producers and rural communities with a branch and digital banking model highly comparable to 1st Security Bank, though significantly larger and operating across multiple Montana counties.

Broad incumbents

• First Interstate BancSystem: Large Montana-rooted commercial banking franchise offering consumer deposits, ag lending, and commercial banking across multiple states; overlaps with 1st Security Bank's retail and ag lending focus in the same Montana geography but at much greater scale.
• U.S. Bank: National commercial bank offering consumer checking/savings, debit cards, online/mobile banking, and a broad lending menu — directly competes with 1st Security Bank for household deposits and small-business accounts, but at vastly larger scale and a richer digital product set.
• Wells Fargo: National full-service bank with consumer deposits, small business, mortgage, and credit card products; competes for the same personal and small-business deposit customers in Roundup and surrounding markets through branch and digital channels.
• Glacier Bancorp: Montana-based bank holding company with community banking subsidiaries offering deposit, lending, and ag banking services across the Mountain West; overlaps with 1st Security Bank's customer base and product mix in Montana but operates far more branches.

Direct peers

• Yellowstone Bank: Independently owned community bank focused on personal and business banking for Montana customers, with similar deposit products, ag and consumer lending, and online/mobile banking channels; competes for the same small-business and household deposit base.

Others

• Opus Bank / Pacific Premier Bancorp: Community-bank consolidator with a hub-and-spoke community banking model; comparable in business strategy (community-banking operating model) rather than direct customer overlap, useful as a roll-up analogue.
• Banzai (financial education partner): Edtech provider partnering with community banks to deliver financial literacy content; relevant ecosystem/technology vendor rather than a competitor, included to map a real partnership analogous to 1st Security Bank's Banzai! education offering.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/first-security-bank-of-roundup

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 1st Security Bank