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The Montana Chamber of Commerce continues its offering of exotic trips at reasonable prices with its group travel to Brazil March 21-30, 2012. This exciting vacation is open to anyone, not just members of the state chamber, and is for the pure tourist, as well as offering business networking options. Participants will visit Rio de Janeiro and Sao Paulo on the trip.
It’s been six long years in pursuing the goal of having a presence in downtown Billings, but that goal will be realized this month for Stockman Bank.
“We are really excited about moving in,” said Jeremy Morgret, branch manager of the newest branch of Montana’s largest family-owned bank. The five story building at the corner of 4th and Broadway in downtown Billings rises with a new grandeur for the heart of the state’s largest financial center. The move will happen at the end of the month with a Grand Opening week planned for January 9-13.
The new structure continues the familiar architectural design that has come to be associated with Stockman Banks throughout Montana. While unique in its own right, the new building still retains a western architectural style in red brick, which at once captures the nostalgia of Montana’s historic agriculture communities, blended with a modern look that sets a new standard for the openness and vibrancy of today’s urban Montana.
David Baker has joined Stockman Bank as vice president, commercial loan officer for the King Avenue office. His responsibilities include providing financial advice and determining the best financial solutions for business and professional clients in the areas of Business and Private Banking Lending, Commercial Real Estate Lending and Cash Management Services.
Baker brings more than 33 years of banking experience to this position which includes commercial, commercial real estate and private banking. He recently worked in Business Banking for a regional bank in Montana. His past banking experience will be an asset to Stockman Bank and help expand their commercial loan portfolio.
Chris Herbst recently joined Stockman Bank as a commercial loan officer for the King Avenue office. His responsibilities include developing financing packages to fit the needs of each business client, as well as servicing new and existing commercial loan relationships.
Herbst brings over seven years of banking experience to the position, which includes commercial, construction and personal lending. He most recently served as assistant vice president, business banker for a regional bank in Billings.
He earned a bachelor of science degree in business administration, with a minor in finance from the University of Wyoming in Laramie in 2001. He also received an associate of business degree in business administration in 1998 from Casper College.
What is the opportunity for business in The Bakken?
Increasingly, for a wider array of businesses in Montana, that is becoming a serious question.
"Is it going to last?" is the most frequently asked question of Tom Rolfstad, a Williston, ND- native and the community's economic development executive director. Rolfstad was a guest speaker at the Big Sky Economic Development Corporation's annual meeting, last week. He was invited to specifically answer that question, for all kinds of Billings' business people and political leaders, who packed the meeting room at the Crowne Plaza.
Rolfstad essentially told the group, "Yes, it's going to last." He thinks it will last for at least 30 to 50 years. Nothing supports that more than the billion-dollar buyouts that are happening now as the bigger oil companies move in, he said.
The American Banker has once again named Stockman Financial Corp., the holding company for Stockman Bank of Montana, as one of the most efficient bank holding companies in the nation.
This distinction was published in the November 10, 2011 edition of the American Banker from information that was compiled through June 30, 2011.
Going to Brazil
The Montana Chamber's next group tour will be to Brazil, March 21-30. Flying out of and back into New York City, the group will spend four nights in Rio de Janeiro and three nights in Sao Paulo, with hotels, Brasilian airfare, all breakfasts, tours and entrance fees, and taxes included. This trip will allow more time for business meetings, or leisure time on your own. Good connections have already been made in past visits to this global economic power and beautiful part of the world. Check it out at:
Oil production in a formation parallel to The Bakken shows indications of being much greater than anticipated, according to a recent report in the "Oil Patch Hotline."
Continental Resources of Enid, OK said there is more production from the Three Forks [Sanish] formation than originally anticipated, and estimated ultimate recoveries could double from 500,000 to over 1 million barrels per well, according to company president Jeff B. Hume.
At the same time, Continental said its capital spending for next year would top $1.75 billion, and the company plans to drill 250 wells.
Davidson Companies, a financial services holding company based in Montana, has announced this it is selling its retail travel agency to Travel Café Inc., Billings.
The sale allows Travel Café to expand into Missoula and Great Falls. In addition, Travel Café has hired Davidson Travel's three consultants. The three Davidson Travel consultants will continue to operate under the Davidson Travel name in Great Falls and Missoula for several months
Billie Ruff, President of Travel Café, founded that agency 12 years ago. Davidson Travel clients have been sent a letter explaining the transition and introducing them to the Travel Café name.
The Big Sky Business Journal
P.O. Box 3262
Billings, MT 59103