The history of our bank traces back to the first financial institution in Big Timber. In 1890 William Shanks and Thomas Lee placed some private funds in an office safe and for a while did a loan business. The following year Shanks helped organize and became Vice President of Big Timber National Bank. In 1913 Big Timber National was reorganized as Commercial Bank and Trust Company. Early day Big Timber luminaries, C.T. Busha and Oscar Nepstad were bank directors. You will note Busha Street in Big Timber and Nepstad Ditch on area maps.
Citizens State Bank was incorporated in 1906. Its principal founder, an Irish immigrant named Charles McDonnell walked into Sweet Grass County behind a band of sheep in the 1870s and became a prosperous land owner, business man, and state Senator. His granddaughter, is one of our directors.
In 1927, Citizen State Bank and Commercial Bank & Trust Company merged into Citizens Bank & Trust Company. At that time, Anthony Arneson, who had been President and principal stockholder of the Commercial Bank became President of the new bank. Arneson, a second generation American of Norwegian descent, got off the train in Big Timber in 1889 or ’90. For a while, he worked as a hod carrier during the construction of the Grand Hotel. Then, using borrowed money he bought a half interest in a small ranch on Swamp Creek north of town. At the same time he took up a 320-acre homestead on nearby open range. Eventually, he became one of the largest landowners in the area.
Our Harlowton branch, formerly Continental National Bank traces its roots back to 1905 when Benjamin Urner started a private bank. This was three years before the Milwaukee Rail Road arrived. In 1906 Urner’s bank was chartered as the State Bank of Harlowton and built a two story building. In 1917 the bank was purchased by Weyburn Security Banking Company and renamed Continental Bank and Trust Company. C. A. Johnson became manager. Norwest Bancorporation purchased the bank in 1930 and renamed it Continental National Bank. A month later, they absorbed Farmers National Bank of Harlowton. In 1947 a group of local investors bought the bank and operated it as an independent bank for over 60 years.
In the summer of 2008, the stockholders of Citizens Bank and Trust Company of Big Timber purchased Continental National Bank. Since then we have grown in Wheatland county continuing to provide banking services in Harlowton and the surrounding communities.
Changes to the Property Value could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
You can change the property value by moving the Property Value slider up or down or by entering a new Property Value manually in the Property Value box.
When you change the Property Value, only the LTV will change, and the Loan Amount will remain the same Loan Amount.
Other advanced sliders’ options are available with Lendersa® Advanced Calculator
CloseChanges to the loan amount, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
CloseLTV is the abbreviation of Loan To Value, and it is the ratio between the Loan Amount and the Property Value. The formula to calculate LTV is Loan Amount divided by the property value. 
Example: Loan Amount $300,000, Property value $400,000 
Changes to the LTV, even so slightly, could change the results in a significant way. Lendersa® sliders allow you to make fast changes to explore your financing options.
The Loan Amount Slider
Change the Loan Amount by moving the Loan Amount slider. (The LTV will change, and the Property Value will remain unchanged).
The LTV Slider
Change the Loan Amount by moving the LTV slider. (The Property Value will remain unchanged).
Other advanced options are available with Lendersa® Advanced Calculator
Close
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NMLS 1795154