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First Security Bank - Bozeman

ourbank.com

First Security Bank is dedicated to providing the best service possible to anyone who walks through our doors. We take pride in being your locally owned and operated neighborhood bank! In the spring of 1919, local bankers A.G. Berthot, H.S. Buell and W.N. Purdy pooled their resources and abilities to charter a new bank in Bozeman, Montana. The location of the proposed bank was the John Kopp butcher shop located at 110 East Main Street. After extensive remodeling, the new bank opened for business on September 19, 1919 as Security Bank and Trust Company. By the mid 1920's, Security Bank and Trust Company had grown large and financially sound enough to remain open as the country entered the Great Depression. One local bank, the National Bank of the Gallatin Valley, did fail and its loans and deposits were split between the three remaining banks, including Security Bank and Trust Company. Eventually, the depression impacted even the strong banks in the area. The minutes of the board of directors meeting on December 20, 1932 indicated that the State of Montana Banking Department was requiring the bank to raise an additional $40,000 in capital due to declining loan quality. The bank officers and shareholders used their personal assets to raise the required forty thousand dollars. This allowed the bank to continue to operate and succeed as the depression ended and the economy healed.

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