article thumbnail

Freedom Bank in Montana Released from FDIC Consent Order

American Banker

has been released from a consent order that the FDIC and the Montana Division of Banking and Financial Institutions had implemented in December 2009. Freedom Bank in Columbia Falls, Mont.,

Montana 28
article thumbnail

Does your bank need cyber insurance?

Independent Banker

Cyber insurance today is what property insurance was 50 years ago,” notes Gregory Montana, chief risk officer at FIS. This not only delays reimbursement for losses, but can also be a drain on internal resources, notes Montana. “They are looking for vulnerabilities that they know how to exploit.”. Insuring against cyber risks.

Montana 152
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Bankers Tell Me Their Top Industry Game Changers

Jeff For Banks

I teach Bank Profitability for the Washington, Utah, and Montana Bankers'' Associations EDP programs. Utah has many Industrial Loan Companies (ILC''s), which are FDIC supervised financial institutions that can be owned by commercial firms not regulated by a federal banking agency, like a utility company.

article thumbnail

Figure CEO: Figure Pay, National Bank Charter Will Boost Financial Inclusion

PYMNTS

Figure Pay, he said, debuts in January in Missoula, Montana, and then will see a broader rollout through the quarter. Drilling down into the charter itself, Cagney told Webster that “this is a full national charter — not a FinTech charter, but one where we are not directly collecting FDIC insured deposits or partnering with a bank to do that.”

National 215
article thumbnail

The top-performing community banks of 2021

Independent Banker

Bank of Montana. Tom Swenson, CEO and chairman of the board, Bank of Montana. Bank of Montana. 3 MINUTES WITH… Tom Swenson, CEO and chairman of the board Bank of Montana. “We We use the ‘Miracle on 34th Street’ approach to serving clients,” says Tom Swenson, Bank of Montana’s CEO and chairman of the board.

article thumbnail

What’s in it for Me? Real Estate Investment Technology

Fintech Labs Insights

Investor funds are held in an Investors Trust Account with City National Bank and in the event of default, the funds are FDIC insured up to $250,000. CK Mack is a Montana-based startup that allows users to invest in the cash flow of rented real estate in $25 increments for a minimum of 12 months. The minimum investment is $1,000.