Pete Johnson, President, CEO Opportunity Bank
ICBA CHAIRMAN APPOINTS PETE JOHNSON TO ICBPAC COMMITTEE
The Independent Community Bankers of America (ICBA) announced the reappointment of Pete Johnson, President and CEO of Opportunity Bank of Montana (NASDAQ: EBMT), to serve on ICIBA’s Independent Community Bankers Political Action Committee (ICBPAC). ICBA is the nation’s voice for community banks and plays a vital role in advocacy with key allies in Congress to strengthen the mission of ICBA.
“I am honored to represent our industry to help ICBA communicate the positive story of community banking,” Johnson said. “Community banks are trusted relationship-based lenders, invested in the success of their customers and the economic prosperity of their community.”
Johnson has served in other volunteer roles for the ICBA and is the current Montana Delegate to the ICBA Federal Delegate Board.
In addition to helping shape and advocate ICBA’s national policy positions and programs, Johnson’s duties include engaging in grassroots activities in Montana to promote pro-community bank policies and serving as a liaison between community banks and ICBA staff and leadership in Washington, D.C. The ICBA creates and promotes an environment where community banks flourish.
Bruce Glennie, Market
Matt McKamey, Market President, Great Falls
OPPORTUNITY BANK OF MONTANA NAMES NEW MARKET PRESIDENTS IN BILLINGS AND GREAT FALLS
Opportunity Bank of Montana announced the hiring of two new Market Presidents. Bruce Glennie has joined the bank as Market President in the Billings Market, and Matt McKamey has assumed the Market President role in the Great Falls Market of Opportunity Bank.
With more than 25 years in the banking industry, Mr. Glennie has extensive experience managing agricultural and commercial lending in Billings and Montana’s Highline. His success in building strong performing teams is an asset to Opportunity Bank as the local branch network continues to grow. He holds a Bachelor of Science in Agricultural Business from Montana State University and graduated from the Pacific Coast Banking School.
Mr. McKamey brings strong agricultural industry experience to grow the commercial and agricultural portfolio. He joins a seasoned consumer banking and home lending team in the Great Falls market. His leadership will guide that team to expand Opportunity Bank’s impact on the business community in Great Falls. McKamey holds a Master in Agribusiness from Kansas State University and a Bachelor of Science in Agriculture Education from Montana State University.
SHAZAM, Inc., a nationwide provider of financial services to community financial institutions, has been selected to participate in a pilot program to guide the development of the Federal Reserve’s instant payments offering, the FedNowSM Service. FedNow will offer community financial institutions another network through which to access faster payments infrastructure.
SHAZAM will help shape the FedNow Service’s features and functions, provide input into the overall user experience, ensure readiness for testing and be the first to experience the FedNow Service before its general availability.
“We look forward to working with the Fed as they develop their first major new payment system in four decades,” said Paul Waltz, SHAZAM’s President and CEO. “We expect our input will further define the service and adoption roadmap, industry readiness approaches and overall instant payments strategy for the community financial institutions who depend on us to ensure they’re on the competitive edge of payments.”
SHAZAM has historically been at the forefront of providing innovative, faster payment solutions. As a true payments partner with a mission to strengthen community financial institutions, supporting the FedNow Service provides yet another real-time payments network available to community banks and credit unions so they can, in turn, offer their customers ways to move their money as rapidly and efficiently as possible.
The FedNow Service will provide an important payments infrastructure when it becomes available in 2023. Financial institutions and their service providers will be able to use the service as a springboard to bring the benefits of safe, efficient instant payments to communities across the country.