The State Bank of Townsend

The State Bank of Townsend was established on June 1, 1899, in Townsend, Montana. Over its long history, the bank experienced several significant regulatory and operational changes. On June 15, 2017, it changed its primary federal regulatory agency to the Federal Deposit Insurance Corporation (FDIC) and altered its classification to a state-chartered bank, officially withdrawing from membership in the Federal Reserve System. Subsequently, on December 8, 2017, the bank acquired Dutton State Bank located in Dutton, Montana. The institution operated until January 1, 2019, when it merged with Opportunity Bank of Montana, which is based in Helena, Montana.

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

1899-06-01Institution established. Original name: The State Bank of Townsend.

2017-06-15Institution withdraws from membership in the Federal Reserve System.

2017-06-15Changed Bank Class to State Chartered Bank, not member of the Federal Reserve System (FRS).

2017-06-15Changed Primary Federal Regulatory Agency to FDIC.

2017-12-08Acquired Dutton State Bank in Dutton, MT.

2019-01-01Merged and became part of Opportunity Bank of Montana in Helena, MT.