Bank of Bozeman

What Bank of Bozeman does

Bank of Bozeman is a privately held, FDIC-insured community bank founded in 2005 and headquartered at a single branch at 875 Harmon Stream Blvd in Bozeman, Montana. It serves personal, small-business, agricultural, and residential-mortgage customers primarily in the Gallatin Valley, with mortgage origination licensed across all 50 states. The bank operates under the registered "Last Best Bank®" brand and offers a full suite of consumer and business deposit products (checking, savings, money market, CDs, IRAs, HSA), credit products (personal, vehicle, HELOC, SBA 7(a)/504, agricultural, equipment, construction, land, and residential mortgage loans), and treasury services for larger commercial clients (ACH origination, business Bill Pay, remote deposit, stop pay). All lending decisions are made locally in Bozeman, which the bank positions as its primary differentiator against larger national and regional banks.

The bank's technology stack is built around an in-house web-based online banking platform paired with the BoBMobile iOS/Android app (since 2019), supporting mobile check deposit, Bill Pay, Zelle person-to-person transfers, biometric login (Face ID/fingerprint), card on/off controls, eStatements, and multi-factor authentication (added 2021). An October 2025 launch added AI-powered real-time fraud detection that monitors transaction streams for anomalies and can automatically lock cards pending customer confirmation. Integrations include QuickBooks (for accounting reconciliation), Zelle (Early Warning Services), Comodo/Sectigo SSL certificates, MoneyPass ATM network, and Visa/mycardstatement.com for credit card servicing. The bank has no public developer API or SDK; digital capability is delivered entirely through the web and mobile channels. Customer-facing security relies on SSL/TLS encryption, mandatory MFA with SMS/push/email alerts, and the new AI fraud-detection layer.

Bank of Bozeman's revenue model is a classic community-bank net-interest-income engine, augmented by fee and interchange income: primary revenue is the spread on loans (residential mortgage, SBA, agricultural, commercial, consumer), with secondary streams from deposit account service charges (paper-statement fees, wires, official checks, overdrafts), interchange on debit/credit card transactions, CD interest spread (including a 90-day CD added in May 2025), and fee-based business cash management services. Pricing is not publicly disclosed for most consumer and loan products; customers are directed to call or apply online, with a formal Fee Schedule (August 2025) governing account-level charges. Free services — online banking, Bill Pay, the BoBMobile app, mobile deposit — are explicit retention plays against larger competitors that often monetize these features. Customer acquisition is community-rooted through Clinton's Corner newsletter, content marketing (mortgage recaps, fraud awareness, budgeting guides), a Banzai financial-literacy partnership with local high schools, 1 Million Cups Bozeman sponsorship, Eagle Mount Bozeman Teddy Bear Toss presenting sponsorship, and earned media such as The Scout Guide Bozeman and Bozeman Magazine awards.

Name

Bank of Bozeman

Legal name

Bank of Bozeman

Website

https://bankofbozeman.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

11–50 employees

Short description

Bank of Bozeman is a privately held, FDIC-insured community bank founded in 2005 in Bozeman, Montana, operating a single branch and serving Gallatin Valley consumers, small businesses, farmers, and homebuyers with locally underwritten deposit, loan, and mortgage products distributed through a BoBMobile app and online banking platform.

Ownership category

akta.pro rank

Headquarters

HQ city

Bozeman

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Net Interest Income on Loans: Primary revenue driver; income earned on the spread between loan interest rates charged to borrowers and interest paid on deposits. Loan portfolio includes personal loans, vehicle loans, HELOC, lines of credit, CD-secured loans, construction loans, land loans, residential mortgages (purchase and refinance), SBA 7(a) and 504 loans, equipment loans, agricultural loans (operating lines, livestock, machinery), business land loans, and commercial loans. Mortgage Loan Originator licensed to serve clients in all 50 states.
2. Deposit Account Service Charges and Fees: Fees on deposit accounts governed by the published fee schedule, including paper statement fees ($5 per account per statement cycle), wire transfer fees, official check/money order issuance, NSF/overdraft activity, and IOLTA-related services. No periodic or transaction fees for basic online banking access.
3. Business Cash Management Services: Fee-based services for larger commercial clients including ACH origination (payroll, contractor, rent/tuition templates), Business Bill Pay, Remote Deposit (single-item and high-volume scanners), and Stop Pay. Bank notes "Fees May Apply" for these business online services.
4. Interchange and Card-Related Fees: Revenue from debit and credit card transactions; card services managed through third-party (mycardstatement.com for credit card account servicing); debit card emergency services and replacement.
5. Certificate of Deposit (CD) Interest Spread: Includes newly introduced 90-day CD option for competitive short-term yield; CDs offered for both personal and business customers (Business CD, Personal CD, IRA CD).

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels9 records

Core offering

Bank of Bozeman is an FDIC-insured, locally owned independent community bank operating from a single full-service branch in Bozeman, Montana. It provides consumer and business deposit accounts (checking, savings, CDs, IRAs, HSA), a full suite of lending products (personal loans, vehicle loans, HELOCs, SBA 7(a)/504 loans, agricultural loans, commercial loans, construction loans, land loans, and residential mortgages), and digital banking via online and the BoBMobile mobile app. All loan decisions are made locally in Bozeman, with mortgage origination licensed across all 50 U.S. states.

Product overview

Bank of Bozeman operates a single integrated community-banking platform (no separate sub-brands) consisting of three interlocking layers: (1) deposit and treasury products (Personal Checking, Business Checking, Personal Investor Savings, Business Investor Savings, CDs, IRAs, and HSA), (2) credit products (Personal Loans, Business Loans including SBA 7(a)/504, Mortgages, and Land Loans), and (3) a digital banking stack (Online Banking, BoBMobile mobile app with Mobile Deposit and Face ID/fingerprint login, Bill Pay, eStatements, Alerts, Zelle, QuickBooks integration, and Business Online Cash Management Services including ACH Manager, Remote Deposit, and Stop Pay). The platform is delivered as a unified Last Best Bank® experience with locally made lending decisions, FDIC-insured deposits, and SSL-secured online banking.

Differentiator

Problem solved

Functional benefit

Brands

• Last Best Bank®: Registered trademark/trade name used by Bank of Bozeman in its tagline 'Your Last Best Bank®' and branding materials.
• BoBMobile
• Blue Jean Fund

Products and services

• Personal Checking

Quantifiable outcome

• Named #1 Mortgage Lender in the Gallatin Valley (2025 Bozeman Choice Awards)
• +4 more outcomes

Named customers8 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

AI capability2 records

Feature6 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• BanzaicoreGTM or Marketing Partner · 1 October 2024Bank of Bozeman partners with Banzai to provide free financial education resources to local high schools (Bozeman High School, Gallatin High School, Belgrade High School, and Petra Academy). Banzai supplies pre-made presentations, worksheets, interactive online modules, and live presentation capabilities covering budgeting, student loans, savings, managing debt, and career planning.
• VitalantminorOthers · 1 March 2021Vitalant is the sole provider of blood products for over 30 hospitals in Montana and Northern Wyoming, including Bozeman Health. Bank of Bozeman hosts a Vitalant mobile blood drive in its parking lot (Bloodmobile Bus) as a recurring community event.
• Eagle Mount BozemanminorGTM or Marketing PartnerBank of Bozeman is the Presenting Sponsor of Eagle Mount Bozeman's Annual Teddy Bear Toss fundraiser held during a Montana State Bobcats Basketball game in December. Teddy bears collected are distributed to Eagle Mount program participants; from 2016-2019 the fundraiser raised thousands of dollars and hundreds of teddy bears for the organization.
• 1 Million Cups BozemancoreGTM or Marketing PartnerBank of Bozeman is a presenting sponsor and was one of the founders of 1 Million Cups Bozeman, a Kauffman Foundation entrepreneurial program that meets monthly on the first Wednesday at Red Tractor Pizza. The program empowers local entrepreneurs by connecting them with investors and potential financial partners while developing public speaking skills. Bank President Clinton Gerst attends the meetings monthly.
• Apple App StoreminorChannel Partner/ Reseller/ DistributorBoBMobile mobile banking app is distributed via Apple's App Store under the app id com.bankofbozeman.mobile / id1345027803, enabling iOS customer access to mobile deposit, Bill Pay, transfers, Zelle, and biometric login.
• Google Play StoreminorChannel Partner/ Reseller/ DistributorBoBMobile mobile banking app is distributed via Google Play under package id com.bankofbozeman.mobile, enabling Android customer access to mobile deposit, Bill Pay, transfers, Zelle, and biometric login.
• Zelle (Early Warning Services)coreTechnology or IntegrationBank of Bozeman offers Zelle person-to-person payments integrated within its online and mobile banking platforms, allowing customers to "transfer money to friends" via the BoBMobile app.
• Federal Deposit Insurance Corporation (FDIC)coreOthersBank of Bozeman is a federally insured depository institution. Customer deposits are insured up to $250,000 per depositor by the FDIC, backed by the full faith and credit of the U.S. Government. Equal Housing Opportunity Lender. Member of Money Pass ATM network.

Scale indicators8 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• First Interstate BancSystem: Large Montana-headquartered regional bank holding company with extensive retail, mortgage, and commercial banking operations across the Western U.S. — competes for Bozeman mortgage and commercial relationships with materially greater scale.
• Glacier Bancorp: Montana-based bank holding company with a network of community-bank divisions across the Mountain West; directly overlaps Bank of Bozeman's Montana deposit and small-business lending market and dwarfs it in scale.
• Wells Fargo: Money-center bank with a national retail and small-business presence and an active mortgage origination franchise; competes with Bank of Bozeman for in-migration mortgage business and SMB banking in Bozeman.
• U.S. Bancorp: Large super-regional bank with a national branch and digital footprint that competes directly with Bank of Bozeman for the Gallatin Valley deposits, mortgages, and small-business relationships — the type of 'larger national bank' cited by customers who switched to Bank of Bozeman.

Regional players

• Citizens Bank & Trust (Montana): Montana-headquartered community bank offering personal, business, and agricultural banking; comparable business model and rural/ag lending focus, primarily operating outside the Gallatin Valley.
• First Western Trust / Rocky Mountain Bank (divisions): Mountain West community-bank divisions under Glacier Bancorp that compete for Gallatin Valley high-net-worth and small-business banking — comparable customer segments with broader product suites than a single-branch community bank can offer.

Others

• Banzai (financial literacy partner): Listed here because it is Bank of Bozeman's named financial-literacy partner for local high schools (Banzai curriculum at Bozeman, Gallatin, Belgrade, and Petra Academy high schools); relevant as an ecosystem/partner relationship rather than a competitor.

Direct peers

• Opportunity Bank of Montana: Montana-focused community bank (formerly Mountain West Bank) offering personal, business, and agricultural banking across the state; overlaps Bank of Bozeman's SMB and consumer deposit franchise in Montana.
• First Security Bank of Bozeman: Another locally owned Bozeman community bank serving personal, business, and agricultural clients in the Gallatin Valley — directly competing for the same local deposit and loan relationships that anchor Bank of Bozeman.
• Stockman Financial Corp (Stockman Bank): Montana-headquartered community bank with deep ag and small-business lending across the state; one of the most direct competitors to Bank of Bozeman's agricultural and commercial loan franchise in the same Montana footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutu.be/5ZKoYlplBgo
• Xx.com/bankofbozeman

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

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 Bank of Bozeman