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Monday's announcement that First National Bank and Trust was being sold to Montana-based Glacier Bancorp came as a surprise to most people in Powell.
In the big picture, it's yet another reminder that we aren't immune to the economic turmoil …
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Monday's announcement that First National Bank and Trust was being sold to Montana-based Glacier Bancorp came as a surprise to most people in Powell.In the big picture, it's yet another reminder that we aren't immune to the economic turmoil being felt around the country — this one just hits awfully close to home for many.Over the last 100 years, Powell has benefitted from a rare commitment to benevolence and community involvement on the part of the bank. First National has been a leader in economic development and projects and events — both big and small — throughout Powell's history. The private ownership of the Nelson family throughout this time has been the key ingredient.One can't help but feel a bit of sadness and trepidation as we watch this change unfold, but we have every assurance the people at Glacier will strive to maintain the strong community leadership role forged by First National over the last century.
Monday's announcement that First National Bank and Trust was being sold to Montana-based Glacier Bancorp came as a surprise to most people in Powell.
In the big picture, it's yet another reminder that we aren't immune to the economic turmoil being felt around the country — this one just hits awfully close to home for many.
Over the last 100 years, Powell has benefitted from a rare commitment to benevolence and community involvement on the part of the bank. First National has been a leader in economic development and projects and events — both big and small — throughout Powell's history. The private ownership of the Nelson family throughout this time has been the key ingredient.
One can't help but feel a bit of sadness and trepidation as we watch this change unfold, but we have every assurance the people at Glacier will strive to maintain the strong community leadership role forged by First National over the last century.
