Montana State Legislature
Division of Banking & Financial Institutions
DIVISION OF BANKING & FINANCIAL INSTITUTIONS
Division Leadership
Melanie Hall, Commissioner
Misty Ann Giles, Director of Department of Administration
Appointed by the Governor
Division Website
Division Overview
The Division of Baking and Financial Institutions (DBFI) became a division of the Department of Administration under 2001 legislation. Previously the Commissioner of Banking and Financial Institutions reported to the Department of Commerce. DBFI's mission is "to protect Montana citizens by regulating state-chartered and licensed financial institutions under its supervision" through six goals:
- Protect Montanans who enter into consumer and residential mortgage loans with non-depository lenders from abuses that may occur in the credit marketplace
- Raise the regulator standards for financial services regulation in Montana
- Provide Montana citizens with a safe and sound system of state-chartered financial institutions
- Promote the dual regulatory system that allows state and federal governments to act independently to charter, regulate, and supervise financial institutions for the good of Montanans
- Improve the distribution of information and services through web-based tools
- Create and maintain a highly qualified, professional, diverse, and responsive workforce
Legislative Audits
DBFI is audited with the Department of Administration's regular audits. The most recent (2023) audit of that department did not specify any concerns about DBFI.
Meeting Participation
July 2023:
- Division of Banking & Financial Institutions Duties/Responsibilities Agency Overview
