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Montana banking regulator reports consolidation, $80 billion in supervised assets and offers tribal assistance
Summary
The Division of Banking and Financial Institutions told the Senate Business, Labor and Economic Affairs Committee that Montana has experienced banking consolidation while supervised assets rose to roughly $80 billion; the division invited tribal governments to request technical assistance on credit unions and financing options.
Melanie Hall, commissioner of the Division of Banking and Financial Institutions (Department of Administration), briefed the Senate Business, Labor and Economic Affairs Committee on the division’s role supervising state‑chartered banks and credit unions, recent industry consolidation, and outreach to tribal communities.
Hall said Montana currently has 34 state‑chartered banks and nine state‑chartered credit unions; supervised assets have grown from about $25 billion when she began in 2011…
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