Question 1

What is First Security Bank of Roundup?

Accepted Answer

First Security Bank of Roundup is an independent community bank serving Roundup, Montana and the surrounding Musselshell County area. With approximately $86 million in assets and a single location, the bank specializes in agricultural banking while also serving retail customers and the local mining workforce.

As a locally owned and operated institution, First Security Bank maintains deep roots in its community, with all staff members and directors living and working in the area they serve. The bank is held by Central Montana Bancorporation and operates as a state-chartered commercial bank under FDIC supervision.

Question 2

When was First Security Bank of Roundup founded?

Accepted Answer

First Security Bank of Roundup opened for business on September 7, 1971. The bank was founded by over 90 stockholders who attended the organizational meeting in the fall of 1971.

The founding directors and most active founders included William D. Bianchi, Gerald Kaufman, Otto Stensvad, John D. Armstrong, Jeano Picchioni, and Roy Rodeghiero. These community leaders wanted to establish a locally owned and operated bank that understood the community and would make lending decisions based on local needs.

The bank's first employees were Bianchi as President, Armstrong as Vice President, Betty Fischer as Cashier, Violet O'Brian as Assistant Cashier, and tellers Kay Mihalovich and Beatrice Ray. By December 1971, the bank had already grown to $1.8 million in assets, and by the end of 1972, total assets reached $4.3 million.

Question 3

Where is First Security Bank of Roundup headquartered?

Accepted Answer

First Security Bank of Roundup is headquartered at 401 Main Street in Roundup, Montana. The bank's current location was completely remodeled in 1996 and remains the institution's only office.

Roundup is located in Musselshell County in central Montana.

Question 4

Where does First Security Bank of Roundup operate?

Accepted Answer

First Security Bank of Roundup operates exclusively from its single branch location in Roundup, Montana, serving the surrounding Musselshell County area.

The bank's service area encompasses the rural communities of central Montana, primarily serving customers engaged in agriculture, ranching, and mining operations in the region. This single-branch model allows the bank to maintain its focus on personalized, relationship-based banking for its local community.

Question 5

What services does First Security Bank of Roundup offer?

Accepted Answer

First Security Bank of Roundup provides a comprehensive range of banking services including:

Personal Banking: Checking and savings accounts, certificates of deposit, consumer loans, credit cards, and residential mortgages.

Business Banking: Commercial checking and savings accounts, commercial real estate loans, commercial and industrial loans, lines of credit, and cash management services.

Agricultural Lending: Specialized lending programs for farms, ranches, and agricultural operations, reflecting the bank's agricultural specialization designation.

Digital Banking Services: Online banking, mobile banking with the "FSB of Roundup" mobile app, mobile deposit capture, bill pay services, eStatements, and account alerts. The bank emphasizes modern technology while maintaining personalized service.

Insurance Services: Through Central Montana Agency, established to provide insurance products to the bank's customers.

Financial Education: The bank offers the Banzai financial education program and provides free financial calculators to help customers with budgeting, loan analysis, and financial planning.

Question 6

What makes First Security Bank of Roundup unique?

Accepted Answer

Several distinctive features set First Security Bank of Roundup apart:

True Community Ownership: All 10 staff members and all 6 board directors live in the Roundup area, ensuring deep community connections and local decision-making. Lending decisions are made on-site, and loan applications typically receive responses within one business day.

Agricultural Expertise: The bank maintains an official FDIC designation as an agricultural specialist, reflecting its deep expertise in serving cattle ranches, grain farms, and agricultural operations in central Montana.

Single-Branch Focus: Unlike many banks that pursue multi-branch expansion, First Security Bank deliberately maintains a single location, allowing it to concentrate resources on delivering superior personalized service to its community.

Conservative Banking Philosophy: The bank adheres to straightforward, traditional banking practices without taking excessive financial risks—an approach that helped small banks like First Security survive economic downturns, including the challenging 1980s.

Community Leadership: The bank's manager serves on the Independent Community Bankers Association's Agriculture and Rural America Committee, representing Montana banking interests at the national level.

Local Economic Support: During the COVID-19 pandemic, the bank processed between 170-190 Paycheck Protection Program loans totaling $5.5 million, demonstrating its commitment to supporting local businesses and jobs.

Question 7

What type of financial institution is First Security Bank of Roundup?

Accepted Answer

First Security Bank of Roundup is a state-chartered commercial bank with agricultural specialization.

The bank operates under a state charter and is supervised by the FDIC, though it is not a member of the Federal Reserve System. It is structured as an S-Corporation and holds fiduciary powers, though these powers are not currently exercised. As a commercial bank, First Security Bank offers both retail and business banking services, but its FDIC agricultural specialization designation reflects its focus on serving the farming and ranching community that forms the economic backbone of Musselshell County.

The bank is held by Central Montana Bancorporation, which was formed as the holding company in 1983.

Question 8

How has First Security Bank of Roundup adapted to modern banking?

Accepted Answer

Despite serving a rural agricultural community, First Security Bank of Roundup has embraced modern banking technology while preserving its commitment to personalized service.

The bank offers full-featured online and mobile banking platforms, allowing customers to check balances, transfer funds, pay bills, and deposit checks remotely. The mobile app is available on both iOS and Android devices, providing 24/7 account access.

This technological adaptation is particularly important given the bank's evolving customer base. While the institution remains agriculture-focused, serving large cattle ranches and grain farms, it now also serves a growing number of younger retail customers and mine workers employed by Signal Peak Energy's nearby underground coal mine. These customers expect smartphone-based banking capabilities alongside the traditional relationship banking that First Security Bank has provided for over 50 years.

Question 9

What is First Security Bank of Roundup's approach to community involvement?

Accepted Answer

First Security Bank of Roundup demonstrates exceptional commitment to its community through multiple channels:

Institutional Support: The bank actively supports local schools, Roundup Memorial Hospital, local government entities, and civic organizations throughout the area.

Leadership Engagement: Bank leadership serves on key community boards, including the Roundup Chamber of Commerce and the Roundup Memorial Hospital Foundation Board, where they participate in fundraising efforts.

Financial Education: The bank provides free financial literacy programs through its partnership with Banzai, offering courses, articles, and calculators for both students and adults to improve financial knowledge.

Local Investment: With all employees and directors residing in the area they serve, the bank operates on the principle that helping customers succeed directly contributes to the bank's own success and the prosperity of the entire community.

This deep community engagement reflects the founding vision of creating a locally owned institution that understands community needs and makes decisions based on those needs rather than distant corporate directives.

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