First Montana Bank

What First Montana Bank does

First Montana Bank is a Montana state-chartered community bank, founded in 1913 and headquartered at 211 North Higgins, Suite 202 in Missoula, Montana. The bank operates 11 physical locations spanning Anaconda, Bozeman, Butte, Helena, Kalispell, Libby, Missoula (Downtown and South), and Troy, plus a Real Estate lending office, and is privately held with 51-100 employees. It is FDIC-insured and regulated by the State of Montana Division of Banking and Financial Services and the Federal Reserve Bank, with no parent company, subsidiaries, or outside institutional ownership disclosed.

The bank's product portfolio is structured around two principal segments. Personal banking includes four checking account tiers (Centennial Checking with $0.10 debit cash back, Personal Checking, Prestige Checking at $6/month, and Prestige Plus for customers 55+), savings vehicles (Regular Savings, Money Market, HSA, IRA, Montana Medical Savings Account), and consumer lending spanning personal loans, home equity, conventional mortgages, FHA/VA/MBOH affordable housing loans, and construction loans. Business banking comprises Business Checking, Commercial Checking with an earnings credit option, Business Plus Checking, SBA-backed business lending, commercial real estate, lines of credit, and cash management tools. The technology layer is built on Fiserv (core banking and online/mobile platform) with Mobile Banking apps for iOS and Android, plus Zelle P2P payments, Apple Pay/Google Pay/Samsung Pay wallet tokens, a Mastercard-branded debit card, the MoneyPass surcharge-free ATM network (nearly 40,000 locations), Manage My Cards card controls, SecureNow two-factor authentication, and CDARS for expanded FDIC coverage.

Revenue is generated through net interest income on the lending book (consumer, mortgage, commercial, CRE, SBA) net of interest expense on deposits, supplemented by transaction-based fee income (a $33 per-item overdraft fee capped at six items/day on consumer accounts, $5 overdraft protection transfers, monthly maintenance fees on certain accounts, wire and stop payment fees) and debit card interchange revenue (including $0.10 per-transaction rebate economics on Centennial Checking). GTM is sales-led and relationship-driven, with a Market President in each major Montana market running face-to-face commercial and consumer origination, supplemented by Fiserv-powered online enrollment and a MoneyIQ financial education content hub.

Name

First Montana Bank

Legal name

First Montana Bank

Website

https://firstmontanabank.com

Company type

Private

Founded year

1913

Operating status

Operating

Headcount range

101–250 employees

Short description

First Montana Bank is a Montana state-chartered community bank founded in 1913 that operates 11 branches across Western Montana, providing consumer and business checking, savings, lending, and digital banking services to individuals, SMBs, and agricultural borrowers in the state.

Ownership category

akta.pro rank

Product category

Community Banking

NAICS

Commercial Banking (52211), Commercial Banking (522110)

SIC

State Commercial Banks (6022)

akta.pro primary industry

Small Business Banking (Microbusiness/Sole Proprietor) (FSABAAAI)

Keywords

• Retail banking services
• Community banking
• Consumer lending
• Business banking
• Digital banking

Headquarters

HQ city

Missoula

HQ country

United States

HQ region

North America

Offices11 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Net Interest Income: Interest income generated from lending activities including consumer loans, mortgages, business loans, and commercial real estate financing. Interest expense paid on deposits.
2. Fee Income: Various banking fees including overdraft fees ($33 per item), monthly maintenance fees on certain accounts, wire transfer fees, stop payment fees, and ATM fees.
3. Debit Card Interchange: Transaction-based interchange revenue from Mastercard debit card transactions. Centennial Checking offers $0.10 cash back per transaction.

Pricing tiers

Go-to-market motion1 record

Distribution channels6 records

Marketing channels5 records

Core offering

First Montana Bank is an independent Montana state-chartered community bank that accepts deposits, originates loans, and provides payment processing for individuals and businesses. Its core offering spans personal deposit accounts, personal and home-secured lending, commercial and agricultural lending, business deposit and cash management products, and digital/mobile banking channels supported by an in-state branch network.

Product overview

First Montana Bank offers a unified banking platform combining personal and business banking products across physical branch locations in Montana. The core product portfolio spans personal checking accounts (Centennial Checking with debit cash back, Personal Checking, Prestige Checking, Prestige Plus Checking), savings accounts (Regular Savings, Money Market Savings, HSA, IRA, Montana Medical Savings Account), personal and mortgage lending, and business banking services (Business Checking, Commercial Checking, Business Plus Checking, Business Lending). The digital banking layer includes Mobile Banking and Online Banking platforms powered by Fiserv, integrated with Online Bill Pay, Zelle peer-to-peer payments, Apple Pay/Google Pay/Samsung Pay digital wallets, and Mastercard debit cards. Additional value-added services include Manage My Cards (card controls), SecureNow two-factor authentication, ACH Origination, Remote Deposit Capture (eZ Deposit), merchant card processing, and overdraft protection options (Overdraft Privilege, Overdraft Protection transfers, Overdraft Line of Credit). The bank operates 10 branch locations across Montana communities.

Differentiator

Problem solved

Functional benefit

Products and services

• Personal Checking Accounts (Centennial, Personal, Prestige, Prestige Plus)

Quantifiable outcome

• $0.10 cash back on every debit card purchase with Centennial Checking
• +3 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature4 records

Partnerships

Ten partnerships are on record, tiered core, major and minor.

• FiservcoreTechnology or IntegrationFiserv provides the online banking platform, mobile banking app infrastructure, and account processing systems powering First Montana Bank's digital banking services.
• MastercardcoreTechnology or IntegrationMastercard provides the debit card network for First Montana Bank cards, enabling worldwide acceptance and Zero Liability protection for cardholders.
• MoneyPasscoreTechnology or IntegrationMoneyPass provides surcharge-free ATM access at nearly 40,000 ATMs nationwide for First Montana Bank customers.
• ZellecoreTechnology or IntegrationZelle enables fast, safe person-to-person money transfers directly from First Montana Bank accounts with no fees to send or receive.
• Apple PaymajorTechnology or IntegrationApple Pay digital wallet integration allowing customers to add First Montana Bank debit cards to Apple Wallet for contactless payments.
• Google PaymajorTechnology or IntegrationGoogle Pay digital wallet integration allowing customers to add First Montana Bank debit cards to Google Wallet for mobile payments.
• Samsung PaymajorTechnology or IntegrationSamsung Pay digital wallet integration allowing customers to add First Montana Bank debit cards for Samsung device mobile payments.
• U.S. Small Business AdministrationcoreStrategic or Co-development PartnerSBA partnership to provide government-backed loans to new and existing Montana businesses through SBA lending programs.
• Montana Board of InvestmentsminorStrategic or Co-development PartnerParticipated in loans with Montana Board of Investments for non-profit agency loans.
• Montana Community Development CorporationminorStrategic or Co-development PartnerParticipated in non-profit agency loans with Montana Community Development Corporation.

Scale indicators3 records

Recent moves5 records

Expansion highlights3 records

Direct peers

• First Interstate BancSystem: Billings, MT-headquartered community bank with deep Montana branch network offering consumer and commercial banking. Direct competitor in the same Montana markets with a substantially larger but comparable community-bank operating model and similar product suite.
• Glacier Bancorp: Kalispell, MT-based bank holding company controlling multiple community bank divisions across Montana, Idaho, Wyoming, and Washington. Most directly comparable peer given shared Montana headquarters, similar community-bank business model, and overlapping branch geographies including Kalispell and Missoula.
• Stockman Bank of Montana: Privately held Montana community bank headquartered in Miles City with branches across the state. Closely comparable in size, scope, and Montana-focused community banking model, including agricultural and small-business lending.
• Eagle Bancorp Montana / Citizens Bank of Montana: Helena, MT-based bank holding company for Citizens Bank and other Montana community bank subsidiaries. Direct competitor operating community banks with similar consumer/business lending products and Helena market overlap.
• Valley Bank of Montana: Montana-based community bank serving small businesses and consumers across the state. Comparable size and operating model as a Montana-only community bank with full-service consumer and business banking products.
• Opportunity Bank of Montana: Helena, MT-based community bank offering consumer and business banking with statewide Montana presence. Direct competitor with overlapping Helena market and similar community-bank deposit and lending focus.

Regional players

• WaFd Bank (Washington Federal): Pacific Northwest and Mountain West regional bank serving similar demographic and small-business markets with comparable deposit and lending products. Regional peer with similar community-bank heritage but broader multi-state footprint than First Montana Bank.

Broad incumbents

• U.S. Bancorp: Large U.S. national bank with regional presence in Montana including Helena. Competes for the same consumer and business banking customers but at significantly larger scale and broader product set, including nationwide branch and ATM networks.
• Wells Fargo & Company: Major U.S. national bank with branches in Montana competing for consumer deposits, mortgages, and small business banking. Overlaps in the same customer segments but operates at vastly greater scale with broader geographic reach.
• JPMorgan Chase & Co. Largest U.S. bank actively expanding consumer branch presence in Western U.S. markets. Provides competitive pressure on community banks through superior digital capabilities, brand recognition, and product breadth even where it lacks physical Montana branches.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/firstmontana
• YouTubeyoutube.com/user/FirstMontana
• Facebookfacebook.com/FirstMontana
• LinkedInlinkedin.com/company/first-montana-bank

Compliance2 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 First Montana Bank