40 Under Forty: Spencer L. Frederick, vice president, branch manager, Stockman Bank

2014-02-02T00:15:00Z 2014-02-10T16:40:16Z 40 Under Forty: Spencer L. Frederick, vice president, branch manager, Stockman Bank The Billings Gazette
February 02, 2014 12:15 am

Spencer Frederick is the kind of person who takes advantage of opportunities whenever they come his way.

After a distinguished high school sports career in Scobey, Frederick earned a spot on the University of Montana football team and was a key contributor in the Grizzlies’ 15-1 national championship team of 2001.

“It was a big eye opener for me. From being a big man on campus in high school to playing in college, you get humbled pretty quickly,” Frederick said.

During a productive career with the Grizzlies, Frederick was named first-team All Big Sky Conference tight end in 2001. He even got a taste of pro football as a walk-on for the New Orleans Saints. But injuries prevented him from catching on in the pros.

After his football career ended, Frederick moved to Chicago, where he worked for a Fortune 500 company. 

“I was there two years, and I knew it wasn’t the place where I could buy a house and get married,” Frederick said. “I decided I was ready to get back to Montana. All of my buddies had either moved out of state or had moved to Billings, so I chose Billings.”

Frederick began working at Yellowstone Bank in 2006 and was happy there. But opportunity came knocking once again.

Wayne Nelson, Billings market president for Stockman Bank, called Frederick to tell him Stockman was looking for somebody to manage its new branch at Grand Avenue and 14th Street West.

Frederick accepted the offer, and so far things have been going well since the branch opened last spring.

It’s a good location,” Frederick said. “A number of banks had looked at building in that mid-city area. There are a lot of commercial businesses on Grand Avenue, and we’re servicing a lot of Stockman customers.”

The Stockman Bank branch on Grand Avenue is a full-service bank. “It’s nice to go into a branch and talk to somebody who has decision making abilities,” Frederick said. “We can do commercial loans or a 30-year home loan. It’s a one-stop shop.”

What’s the toughest challenge that you have faced in your business? Managing my time between my profession and family life.

What did you learn from that challenge? I’ve learned how to prioritize.

What’s the best business advice you have received? Change is a good thing. Embrace it.

Who gave you that advice? Wayne Nelson.

Here’s what I’d like to do to improve my community: Continue to help the city bike trails expand.

Aside from profit and loss, how do you measure success in your job? Customer satisfaction and customer retention.

Which living person do you most admire? My mom.

What do you consider your greatest achievement? 2001 Football National Championship – University of Montana.

I’m happiest when I’m… in the mountains with my family.

Copyright 2014 The Billings Gazette. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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