The Roundup -

Stockman Bank Supports Fairview Schools Through Municipal Bonds Purchase

 


Stockman Bank’s support of Fairview and the Richland County community continues to grow. The bank participated in the purchase of Fairview school district’s general obligation bonds. (Richland County School District No. 13, Fairview Elementary School; and Richland County High School District No. 3, Fairview High School).

The proceeds from the bonds will be used to refinance the current elementary and high school district’s general obligation bonds. These bonds will be used for the purpose of improvements to the Fairview school campus, including a new gymnasium, weight room and locker rooms, administrative office and lobby; and also constructing a commons area, concessions and enclosed hallway to connect the cafeteria to the High School, as well as other related improvements. A portion of the bonds will also be used for costs associated with the sale and issuance of the bonds. The new bonds are at a lower rate which will provide significant savings to local taxpayers.

“Stockman Bank has been a long-time supporter of our local schools in Richland County. I am very excited that we could continue our support through this bond purchase, as I know it will help maintain and preserve our schools for generations to come,” comments Garth Kallevig, Branch President of Stockman Bank Sidney. “We are truly invested in our community and supporting our schools is just another way that Stockman Bank continues to give back.”

Stockman Bank’s roots run deep in Montana. Since 1953, they have been serving ag producers, local businesses and consumers with secure, competitive and convenient banking products. Stockman Bank supports strong education, health care and economic and cultural development in Richland and surrounding counties. Stockman Bank is Montana owned and operated and has 34 banking locations across the state.

 

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