Eagle Bancorp Montana, Inc Appoints Benjamin G. Ruddy to its Board
January 03, 2019 at 02:11 am IST
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Eagle Bancorp Montana, Inc. (Eagle) announced 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, Townsend, Montana ("Townsend"), in a transaction valued at $16.4 million based on Eagle's closing price as of December 31, 2018. Effective at the time of the merger, Eagle appointed Benjamin G. Ruddy, the former director and President of Big Muddy Bancorp and Townsend, to serve on the Boards of Eagle.
Eagle Bancorp Montana, Inc. is the bank holding company of Opportunity Bank of Montana (the Bank). It provides loan and deposit services to customers who are predominantly small businesses and individuals throughout Montana. It is a diversified lender with a focus on residential mortgage loans, commercial real estate mortgage loans, commercial business loans, agricultural loans and second mortgage/home equity loan products. It offers a variety of deposit accounts. Deposit account terms vary, primarily as to the required minimum balance amount, the amount of time that the funds must remain on deposit and the applicable interest rate. Its current deposit products include certificates of deposit accounts ranging in terms from 90 days to five years, as well as, checking, savings and money market accounts. Individual retirement account (IRA) certificates are included in certificates of deposit. It also originates in commercial real estate, home equity, and consumer and commercial loans.
EAGLE BANCORP MONTANA, INC. 
