Montana Group says state-owned bank could help students, farmers

Jan Falstad • Missoulian • February 2, 2014

BILLINGS – The idea of setting up a state-owned bank in Montana to invest at home and offer low-interest loans to small businesses and farmers was debated last week in Billings.

A bill to set up a Montana bank modeled after the State Bank of North Dakota, set up 85 years ago, was tabled during the 2013 session of the Montana Legislature.

But members of the Montana Organizing Project and other participants informally decided Tuesday night to study the concept to see if it made sense to draft another bill for the 2015 legislative session.

Read the entire article here.

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