Ruby Valley Bank

Ruby Valley Bank was established in 1917 under the name The First National Bank of Twin Bridges. The bank underwent several name changes over the years, including becoming the First National Bank of Twin Bridges in 1947 and Ruby Valley National Bank in 1991, the same year it acquired the Bank of Sheridan in Sheridan, Montana, and relocated its main office to 107 South Main Street in Twin Bridges, Montana. In 2016, the institution changed its name to Ruby Valley Bank, shifted its primary federal regulatory agency to the Federal Deposit Insurance Corporation (FDIC), and transitioned to a state chartered bank, withdrawing from membership in the Federal Reserve System. On February 1, 2018, Ruby Valley Bank merged with Opportunity Bank of Montana, located in Helena, Montana, marking the end of its independent operations.

Below is a list of some important events in banks history, including mergers and acquisitions.

1917-01-01Institution established. Original name: The First National Bank of Twin Bridges.

1947-01-14Changed Institution Name to First National Bank of Twin Bridges.

1991-01-01Changed Institution Name to Ruby Valley National Bank.

1991-01-01Main Office moved to 107 South Main Street, Twin Bridges, MT 59754.

1991-01-01Acquired Bank of Sheridan in Sheridan, MT.

2016-10-03Institution withdraws from membership in the Federal Reserve System.

2016-10-03Changed Chartering Agency to State.

2016-10-03Changed Bank Class to State Chartered Bank, not member of the Federal Reserve System (FRS).

2016-10-03Changed Primary Federal Regulatory Agency to FDIC.

2016-10-03Changed Institution Name to Ruby Valley Bank.

2018-02-01Merged and became part of Opportunity Bank of Montana in Helena, MT.