100 Years of Community Banking

Tonya Breding

Tonya Breding

Post written by Tonya Breding, Customer Service Rep/eBiz Cash Management Specialist – Conrad

If only a time machine could give us a glimpse of Conrad, Montana in March 1918.

Amidst a country torn by war, imagine the hustle and bustle of a growing community, marked by the excitement of a new bank. Farmers State Bank received its charter and opened for business on Saturday, March 9th, 1918.

Farmers State Bank was family oriented and strived to be the center of the community. It provided stability and growth for its citizens.

Although its capital and deposits totaled only $117,576.96, no one could have predicted how successful it would become! By its 50th anniversary in 1968, the bank had grown to over $12.5 million in assets.

Over the next 50 years, as the Conrad community grew, so did the bank. Anniversaries, name changes and even a sale to Stockman Bank would be in store for this little hometown bank.

Conrad_Group_Photo_2018Today, Stockman Bank continues to serve Conrad as a bank built on family and community values, guided by the following principles set in those early days of 1918 by cashier J F Kumpf, who later became Vice President of the bank.

  1. Responsible Banking
  2. Capable Management
  3. Courtesy
  4. Increasing Helpfulness

Every employee and member of the Conrad community was encouraged to take on increased efficiency—to cooperate in every practical project in making this a better community to live—to cause every individual entering its doors to feel a cordial atmosphere—to encourage every ambitious person of integrity to further financial advancement—TO HELP.

These original principles still hold true today, as they match the principles and values set by Stockman Bank’s founding family and are included in a letter on our website by CEO Bill Coffee.

  1. Reliable, dedicated people here to meet your needs.
  2. Local decisions from people who live and work in your community.
  3. Products and services that fit the way you live and work.
  4. Strength and expertise in all areas of financial services.
  5. Deep Montana Roots.

Stockman Bank has grown to be the 20th largest agriculture lender in the nation and Montana’s largest privately-held, family-owned bank with 34 locations and assets of $3.4 billion. As Stockman continues to grow, our commitment to Conrad and the communities we serve has not wavered.

Thank you for being a part of the Stockman family. We invite you to join us in celebrating 100 years of community banking in Conrad! We’re proud to serve the people and businesses of Conrad and look forward to serving you for many more years to come!

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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