NewsLocal News


Stockman Bank in Montana offering deferred payments to furloughed federal workers

Posted at 5:58 PM, Jan 08, 2019
and last updated 2019-07-17 14:50:32-04

BILLINGS – It’s now three weeks into the partial federal government shutdown, and hundreds of thousands of workers are going without pay.

Stockman Bank is offering a helping hand to Montanans affected by the shutdown.

The Montana bank is offering assistance in the form of deferred loan payments for furloughed workers.

Wayne Nelson, president of the Billings branch, said the bank will be working on a case-by-case basis to help ease the stress for Montanans.

Nelson said the deferred payments are huge because they can help keep a debtor’s credit score intact, while they wait on the funds to pay.

“We are a community bank based only in Montana,” said Nelson. “We’ve done this in other cases like with wildfires and large layoffs of various employers across the state. So it’s just one of those things where I knew it hit a pocket of our customers and just to be proactive and let them know they can stop worrying about it – as much as they can.”

Once the shutdown is over, the bank will restructure debt for borrowers as necessary.