MTPR

Can Do: James Scott Jr. And Banking As A Family Business

Nov 10, 2017

The Scott family continues to run the publicly traded, 120 office, six state, $12 billion First Interstate Bank system out of Billings, Montana as if it was still a small town bank. On this episode of "Can Do," James Scott, Jr., grandson of First Interstate Bank founder Homer Scott and son of chairman James Scott, Sr., talks about the history of the bank, as well as who and what the bank finances and invests in, and how you can succeed in today's competitive landscape.

"Developing those meaningful relationships, that to me is what it is all about, and I think how you can differentiate yourself as banker or as any employee, frankly, is just putting in the time," says Scott.

James R. Scott, Jr. has been a director of First Interstate BancSystem, Inc. since May 2016. Prior to his appointment in 2015 as Branch Manager of Missoula, Montana's First Interstate Bank South Branch, he was a Vice President in the Missoula Commercial Banking group. From 2010 to 2014, Scott was an analyst in commercial banking with Citywide Banks of Denver, Colorado. He earned a Bachelor of Science degree in Business Administration from the University of Colorado-Leeds School of Business, as well as a MBA and Masters of Science in Finance from the University of Denver-Daniels College of Business. Scott has served as vice-chair of Scott Family Services, Inc. since 2011. He's also served on the board of directors for Community Medical Center of Missoula,  and the external loan committee of Montana Community Development Corporation.

This week you'll learn how to cope with taking on the responsibility of running a family business, how to stand out to banks when applying for loans, and how to nourish long-running deals between your business and bank.

Listen and learn on this episode of “Can Do: Lessons from Savvy Montana Entrepreneurs."

This podcast is made possible with support from the Greater Montana Foundation.