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Montana banking commissioner outlines charter trends and offers tribal outreach
Summary
Melanie Hall, commissioner of the Division of Banking, told the committee Montana has 34 state‑chartered banks overseeing about $80 billion in assets and that the division is funded by fees rather than the general fund; she encouraged tribes and communities to consult the division on charters and technical assistance.
Melanie Hall, commissioner of the Division of Banking and Financial Institutions, told senators that Montana's banking sector has experienced consolidation: the state now has about 34 state‑chartered banks and nine state‑chartered credit unions; combined assets supervised by the division are approximately $80 billion.
Hall said the division licenses about 5,000…
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