Opportunity Bank News & Events - Montana Community Banking
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News and Events

 

Opportunity Bank of Montana Contributes $2,500 to Support Dutton/Brady School District Playground Upgrade

January 25, 2024 - Opportunity Bank of Montana has presented a $2,500 contribution to the Dutton/Brady Public School System to support updating the playground equipment at Dutton/Brady Elementary, which is home to K-12 students from the surrounding area.

 PRESS RELEASE

 

Eagle Bancorp Montana Earns $2.2 Million in the Fourth Quarter of 2023, and $10.1 Million for the Year 2023

January 23, 2024 - Eagle Bancorp Montana, Inc. (NASDAQ: EBMT), (the “Company,” “Eagle”), the holding company of Opportunity Bank of Montana (the “Bank”), today reported net income of $2.2 million, or $0.28 per diluted share, in the fourth quarter of 2023, compared to $2.6 million, or $0.34 per diluted share, in the preceding quarter, and $3.6 million, or $0.47 per diluted share, in the fourth quarter of 2022. For the year 2023, net income was $10.1 million, or $1.29 per diluted share, compared to $10.7 million, or $1.45 per diluted share, in 2022.

 PRESS RELEASE

 

A Message to Our Customers

March 13, 2023 - I am writing to assure you that Opportunity Bank remains stable and secure during these uncertain times.

I want to emphasize that Opportunity Bank is operated in a safe and prudent manner with multiple sources of liquidity. We serve Montanans across a variety of diverse industries, business models, and business types along with individual customers. This diversification helps to ensure we remain well capitalized and well positioned to serve all our customers.

We have a long-standing heritage of financial strength and customer-centered service, which has allowed us to thrive for over 100 years. Thank you for your continued trust and loyalty. Together, we are confidently building strong financial futures for Montanans.

If you have any questions or concerns, please do not hesitate to reach out to us. Our team stands ready to assist you.

 A MESSAGE TO OUR CUSTOMERS

 

Two Senior Vice Presidents Assume Expanded Leadership Roles

January 30, 2023 - Opportunity Bank of Montana announces Chief Administrative Officer, Chief Operating Officer promotions. 

Chantelle Nash, the Bank’s Senior Vice President, Chief Risk Officer has been promoted to include the role of Chief Administrative Officer. Darryl Rensmon, the Bank’s Senior Vice President, Chief Information Officer has been promoted to Senior Vice President, Chief Operating Officer.

 PRESS RELEASE

 

Eagle Bancorp Montana Earns $3.6 Million in Fourth Quarter of 2022

January 26, 2023 - Eagle Bancorp Montana, Inc. (NASDAQ: EBMT), (the “Company,” “Eagle”), the holding company of Opportunity Bank of Montana (the “Bank”), today reported net income of $3.6 million, or $0.47 per diluted share, in the fourth quarter of 2022, compared to $3.1 million, or $0.240 per diluted share, in the preceding quarter, and $1.7 million, or $0.26 per diluted share, in the fourth quarter a year ago. For the year 2022, net income was $10.7 million, or $1.45 per diluted share, compared to $14.4 million, or $2.17 per diluted share, in 2021.

 PRESS RELEASE

 

Laura Clark becomes President and Chief Executive Officer

January 2, 2023 - Laura F. Clark has assumed the role of Chief Executive Officer of Opportunity Bank of Montana as of January 1, 2023. Clark has been President of Opportunity Bank since April 1, 2022, with oversight of the bank’s day-to-day business operations. She became President and CEO with the retirement of Pete Johnson on December 31, 2022.

 PRESS RELEASE

 

Eagle Bancorp Montana Earns $3.1 Million in Third Quarter of 2022

October 25, 2022 - Eagle Bancorp Montana, Inc. (NASDAQ: EBMT), (the “Company,” “Eagle”), the holding company of Opportunity Bank of Montana (the “Bank”), today reported net income of $3.1 million, or $0.40 per diluted share, in the third quarter of 2022, compared to $1.8 million, or $0.24 per diluted share, in the preceding quarter, and $4.7 million, or $0.73 per diluted share, in the third quarter a year ago.

 PRESS RELEASE

 

Eagle Bancorp Montana Earns $1.8 Million in Second Quarter of 2022

July 26, 2022 – Eagle Bancorp Montana, Inc. (NASDAQ: EBMT), (the “Company,” “Eagle”), the holding company of Opportunity Bank of Montana (the “Bank”), today reported net income of $1.8 million, or $0.24 per diluted share, in the second quarter of 2022, compared to $2.2 million, or $0.34 per diluted share, in the preceding quarter, and $2.7 million, or $0.39 per diluted share, in the second quarter a year ago.

 PRESS RELEASE

 

Eagle Bancorp Montana Earns $2.2 Million in First Quarter of 2022

April 27, 2022 – Eagle Bancorp Montana, Inc. (NASDAQ: EBMT), (the “Company,” “Eagle”), the holding company of Opportunity Bank of Montana (the “Bank”), today announced a correction of its earnings press release issued on April 26, 2022, and reported net income of $2.2 million, or $0.34 per diluted share, in the first quarter of 2022, compared to $5.3 million, or $0.78 per diluted share, in the first quarter a year ago, and increased 19.5% compared to $1.7 million, or $0.26 per diluted share, in the preceding quarter. Financial results for the past few quarters reflect a mortgage market that is returning to more normal levels and reduced origination fees for Paycheck Protection Program (“PPP”) loan forgiveness.

 PRESS RELEASE

 

Eagle Bancorp Montana Announces Executive Management Succession Strategy

March 16, 2022 – Eagle Bancorp Montana, Inc. (NASDAQ: EBMT), (the “Company,” “Eagle”), the holding company of Opportunity Bank of Montana (the “Bank”), today announced that Peter J. Johnson, President and Chief Executive Officer, will retire at the end of the year. The Board of Directors has named Laura Clark, the current Executive Vice President, Chief Financial Officer and Chief Operating Officer of the Company, to succeed the position of President of the Company and the Bank, effective April 1, 2022. She will also join the Board of Directors at that time. Following Mr. Johnson’s retirement on December 31, 2022, Ms. Clark will assume the responsibilities of President and Chief Executive Officer of the Company and the Bank.

 PRESS RELEASE

 

Eagle Bancorp Montana Earns $1.7 Million in Fourth Quarter of 2021

January 25, 2022 – Eagle Bancorp Montana, Inc. (NASDAQ: EBMT), (the “Company,” “Eagle”), the holding company of Opportunity Bank of Montana (the “Bank”), today reported net income of $1.7 million, or $0.26 per diluted share, in the fourth quarter of 2021, compared to $5.2 million, or $0.76 per diluted share, in the fourth quarter a year ago, and $4.7 million, or $0.73 per diluted share, in the preceding quarter.

 PRESS RELEASE

 

Eagle Bancorp Montana Earns $4.7 Million in Third Quarter of 2021

October 26, 2021 – Eagle Bancorp Montana, Inc. (NASDAQ: EBMT), (the “Company,” “Eagle”), the holding company of Opportunity Bank of Montana, today reported net income in the third quarter of 2021 of $4.7 million, or $0.73 per diluted share, compared to $6.4 million, or $0.94 per diluted share, in the third quarter a year ago, and $2.7 million, or $0.39 per diluted share, in the preceding quarter.

 PRESS RELEASE

 

Eagle Bancorp Montana to Acquire First Community Bancorp, Inc.

October 1, 2021 – Eagle Bancorp Montana, Inc. (NASDAQ: EBMT), the holding company of Opportunity Bank of Montana, today announced that it has reached an agreement to acquire First Community Bancorp, Inc., and its subsidiary, First Community Bank (“First Community”). The transaction is Eagle’s fourth announced acquisition of a Montana-based bank since 2017, and its largest transaction to date. 

PRESS RELEASE INVESTOR PRESENTATION

 

Eagle Bancorp Montana Earns $2.7 Million in Second Quarter of 2021

July 27, 2021 – Eagle Bancorp Montana, Inc. (NASDAQ: EBMT), the holding company of Opportunity Bank of Montana, today reported net income in the second quarter of 2021 of $2.7 million, or $0.39 per diluted share, compared to $5.7 million, or $0.84 per diluted share, in the second quarter a year ago, and $5.3 million, or $0.78 per diluted share, in the preceding quarter. 

 PRESS RELEASE

 

Opportunity Bank Announces New, Full-Service Branch in Billings Heights

Opportunity Bank is pleased to announce plans to build a new branch in the Billings Heights, on the corner of Wicks and Main. The new 3,700 square foot branch will feature a multi-lane drive up and convenient access. Construction will begin in July 2021 and this location is anticipated to open by year-end 2021. 

 PRESS RELEASE

 

Opportunity Bank Continues Billings Expansion With New Branch in Billings West End

The new 10,000 square foot branch in Shiloh Crossing will house both a new bank branch and a mortgage loan center on the second floor. The branch is scheduled to open Monday, July 12.

 PRESS RELEASE

 

Eagle Bancorp Montana Earns $5.3 Million in First Quarter of 2021

April 27, 2021 - Eagle Bancorp Montana, Inc. (NASDAQ: EBMT),  the holding company of Opportunity Bank of Montana, today reported net income in the first quarter of 2021 increased 34.1% to $5.3 million, or $0.78 per diluted share, compared to $3.9 million, or $0.57 per diluted share, in the first quarter a year ago, reflecting the high level of contributions from gains on sales of mortgage loans. Net income increased 2.0% when compared to $5.2 million, or $0.76 per diluted share, in the fourth quarter of 2020.

PRESS RELEASE

 

Eagle Bancorp Montana Earns $5.2 Million in Fourth Quarter 2020, Reports Record Earnings of $21.2 Million for the Year 2020

January 26, 2021 - Eagle Bancorp Montana, Inc. (NASDAQ: EBMT), the holding company of Opportunity Bank of Montana, today reported net income in the fourth quarter of 2020 increased 121.0% to $5.2 million, or $0.76 per diluted share, compared to $2.3 million, or $0.36 per diluted share in the fourth quarter a year ago, reflecting the high level of contributions from mortgage banking and gains from sale of loans.

PRESS RELEASE

 

Eagle Bancorp Montana Earns Top Ranking in Bank Director's 2021 Bank Rankings Study

December 15, 2020 - Eagle Bancorp Montana, Inc. (NASDAQ: EBMT), the holding company of Opportunity Bank of Montana, has earned multiple accolades in Bank Director’s 2021 Bank Rankings study, released today.

PRESS RELEASE

 

Opportunity Bank of Montana Pledges $100,000 to Montana Heritage Center Project

November 5, 2020 – Opportunity Bank of Montana today announced a $100,000 pledge to the Montana Historical Society for the state's new Montana Heritage Center. 

PRESS RELEASE

 

Eagle Bancorp Montana Earns a Record $6.4 Million in Third Quarter 2020 

October 27, 2020 – Eagle Bancorp Montana, Inc. (NASDAQ: EBMT), the holding company of Opportunity Bank of Montana, today reported net income in the third quarter of 2020 increased 55.4% to $6.4 million, or $0.94 per diluted share, compared to $4.1 million, or $0.63 per diluted share, in the third quarter a year ago, reflecting the high level of contributions from mortgage banking and gains from sale of loans.

PRESS RELEASE

 

Eagle Bancorp Montana Earns $5.7 Million in Second Quarter 2020 

July 28, 2020 – Eagle Bancorp Montana, Inc. (NASDAQ: EBMT), the holding company of Opportunity Bank of Montana, today reported net income in the second quarter of 2020 increased 78.1% to $5.7 million, or $0.84 per diluted share, compared to $3.2 million, or $0.51 per diluted share, in the second quarter a year ago, reflecting the high level of contributions from mortgage banking and gains from sale of loans.

PRESS RELEASE

 

Opportunity Bank Donates Additional $25,000 to Hunger-Relief Organizations to Support Continued Increase In Demand

April 30, 2020 - Opportunity Bank of Montana today announced $25,000 in additional donations to Montana hunger-relief organizations for a combined total of nearly $50,000 in donations to serve the continued demand created by the ongoing COVID-19 pandemic.

Press Release

 

Eagle Bancorp Montana Earns $3.9 Million in First Quarter 2020

April 28, 2020 – Eagle Bancorp Montana, Inc. (NASDAQ: EBMT), the holding company of Opportunity Bank of Montana, today reported net income in the first quarter of 2020 increased substantially to $3.9 million, or $0.57 per diluted share, reflecting the high level of contributions from mortgage banking and gains from sale of loans.

PRESS RELEASE

 

Eagle Bancorp Montana Announces Change to Virtual Format for 2020 Annual Meeting of Stockholders

April 9, 2020 – Eagle Bancorp Montana, Inc. (NASDAQ: EBMT), the holding company of Opportunity Bank of Montana, announced today that due to the emerging and continuing health and safety considerations from the coronavirus outbreak, the Board of Directors of the Company has changed the location of the 2020 Annual Meeting of Stockholders, which is scheduled to be held on Thursday, April 23, 2020 at 11:00 a.m., Mountain Time. In light of public health concerns regarding COVID-19, the 2020 Annual Meeting will be held in a virtual meeting format only. Stockholders will not be able to attend the 2020 Annual Meeting physically.

Press Release

 

Opportunity Bank Donates $20,000 to Hunger-Relief Organizations to Support Communities Affected by Coronavirus Pandemic

March 31, 2020 - In this time of crisis, we must work together to support our communities, colleagues and customers as they face the challenges of this pandemic. We're proud to support local food assistance organizations across our footprint to help them continue their important work in this time of need.

Press Release

 

Essential Business Designation Notice

March 27, 2020 – We want to reassure you that Opportunity Bank of Montana is designated as an essential business under this order and we will remain operational.

Message from CEO

 

Message Regarding COVID-19

March 20, 2020

Message From CEO

 

Message Regarding COVID-19

March 13, 2020

Message From CEO

 

Eagle Bancorp Montana Earns $2.3 Million in Q419

January 28, 2020 – Eagle Bancorp Montana, Inc. (NASDAQ: EBMT), the holding company of Opportunity Bank of Montana, today reported net income increased 61.8% to $2.3 million, or $0.36 per diluted share, in the fourth quarter of 2019, compared to $1.4 million, or $0.26 per diluted share, in the fourth quarter of 2018.

PRESS RELEASE

 

Eagle Bancorp Montana Reports Earnings Record in Third Quarter 2019

October 22, 2019 –  Eagle Bancorp Montana, Inc. (NASDAQ: EBMT), the holding company of Opportunity Bank of Montana, today reported net income increased 26.4% to $4.1 million, or $0.63 per diluted share, in the third quarter of 2019.

PRESS RELEASE

 

Pete Johnson Elected to ICBA Federal Delegate Board

October 10, 2019 – Pete Johnson, President and Chief Executive Officer of Opportunity Bank of Montana (NASDAQ; EBMT) has been elected to serve on Federal Delegate Board of the Independent Community Bankers of America.  Read the full press release...

PRESS RELEASE

 

Eagle Bancorp Montana to Acquire Western Holding Company of Wolf Point

August 9, 2019 – Eagle Bancorp Montana, Inc. (NASDAQ: EBMT), the holding company of Opportunity Bank of Montana, today announced that it has reached an agreement to acquire Western Holding Company of Wolf Point, and its wholly owned subsidiary, Western Bank of Wolf Point (“Western”). 

PRESS RELEASEINVESTOR PRESENTATION

 

Eagle Bancorp Montana Earns $3.2 Million, or $0.51 Per Diluted Share, in Second Quarter 2019; Assets Surpass $1.0 Billion; Raises Regular Quarterly Cash Dividend by 2.7% to $0.095 per Share and Renews Stock Repurchase Plan

July 23, 2019 – Eagle Bancorp Montana, Inc. (NASDAQ: EBMT), the holding company of Opportunity Bank of Montana, today reported net income of $3.2 million, or $0.51 per diluted share, in the second quarter of 2019, compared to $1.2 million, or $0.18 per diluted share, in the first quarter of 2019, and $1.3 million, or $0.24 per diluted share, in the second quarter of 2018. There were $5,000 in acquisition-related expenses in the second quarter of 2019, compared to $1.2 million in the preceding quarter and $131,000 in the second quarter a year ago. In the first six months of 2019, net income increased 132.4% to $4.4 million, or $0.69 per diluted share, compared to $1.9 million, or $0.35 per diluted share, in the first six months of 2018. 

PRESS RELEASE

 

Eagle Bancorp Montana Earns $1.2 Million in First Quarter 2019; Declares Regular Quarterly Cash Dividend to $0.0925 per Share

April 23, 2019 – Eagle Bancorp Montana, Inc. (NASDAQ: EBMT), the holding company of Opportunity Bank of Montana, today reported net income was $1.2 million, or $0.18 per diluted share, in the first quarter of 2019 compared to $1.4 million, or $0.26 per diluted share, in the fourth quarter of 2018 and $573,000, or $0.11 per diluted share, in the first quarter of 2018. There was $1.2 million in acquisition related expenses in the first quarter of 2019, compared to $582,000 in the preceding quarter and $234,000 in the first quarter a year ago. 

PRESS RELEASE

 

Eagle Bancorp Montana Earns $1.4 Million in the Fourth Quarter 2018; Declares Regular Quarterly Cash Dividend to $0.0925 per Share

January 29, 2019 – Eagle Bancorp Montana, Inc. (NASDAQ: EBMT), the holding company of Opportunity Bank of Montana, today reported net income was $1.4 million, or $0.26 per diluted share, in the fourth quarter of 2018 compared to $1.6 million, or $0.30 per diluted share, in the third quarter of 2018. In the fourth quarter of 2017, following a writedown of its deferred tax asset, as a result of the Tax Cuts and Job Act, which resulted in an additional tax expense of $715,000, or $0.15 per diluted share, net income was $553,000, or $0.11 per diluted share. There was $582,000 in acquisition-related expenses in the fourth quarter of 2018, compared to $222,000 in the preceding quarter and $400,000 in the fourth quarter a year ago.

PRESS RELEASE

 

Support of Furloughed Federal Employees

January 16, 2019 – Opportunity Bank of Montana announced details of the bank's support for federal employees furloughed as as result of the partial shutdown of the federal government.

Read More 

 

Eagle Bancorp Montana Completes Purchase of The State Bank of Townsend

January 2, 2019 – Eagle Bancorp Montana, Inc. (NASDAQ: EBMT), the holding company of Opportunity Bank of Montana, announced on January 2, 2019 that it completed, effective January 1, 2019, its previously announced acquisition of Big Muddy Bancorp, Inc. and its wholly owned subsidiary, The State Bank of Townsend. 

PRESS RELEASE 

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