Stockman Bank has once again been awarded on the Forbes list of America’s Best-In-State Banks 2024. This prestigious award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list was announced on June 18, 2024.

Financial institutions are the cornerstone of the financial world and play a central role in stabilizing global systems. America’s Best-In-State Banks 2024 ranking lists the institutions that stood out for fulfilling the unique financial needs and expectations of their local communities thereby being most valued by residents of each state.

This is the second award Stockman has received from Forbes in 2024. The Bank was recognized by Forbes as one the World’s Best Banks in April. “We are proud to once again be recognized on Forbes list of Best-In-State Banks. This award is particularly special to us since the recognition is coming directly from Montana consumers who participated in the independent survey,” stated Bill Coffee, CEO of Stockman Bank.  “The award is a testament to the dedication and expertise of our staff, who are committed to putting the needs of their customers and communities first.  I am proud of their outstanding service to our bank, our customers and our state.”

The ranking is based on two sources:

1. An Independent Survey: Approximately 26,000 U.S. residents were surveyed online. Participants were asked to name all banks where they have a checking/savings account and rate it in six different subdimensions: Trust, Terms & Conditions, Branch Services, Digital Services, Customer Services, and Financial Advice.

2. Publicly Available Reviews: For each bank, in each state, a sentiment analysis approach of publicly available online text reviews and ratings was applied.

In each state, the banks with the highest combined score from the analysis of survey results and publicly available reviews were awarded. The survey score was rated 80% and publicly available reviews 20%.

Statista publishes hundreds of worldwide industry rankings and company listings with high-profile media partners. This research and analysis service is based on the success of statista.com, the leading data and business intelligence portal that provides statistics, relevant business data, and various market and consumer studies and surveys.