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.

Follow The Billings Gazette

Activate Full Access RED

Popular Stories

Monthly Features

Official: Saltwater spill cleanup could take years

Official: Saltwater spill cleanup could take years

WILLISTON, N.D. — The site where an underground pipeline leaked 1 million gallons of saltwater into the North Dakota badlands earlier this month could take years to clean up, an official of Native American tribes involved in the cleanup said Monday.

July 21, 2014 1:49 pm Photos

Photos

Loading…

Groups gearing up for newest coal fight

Groups gearing up for newest coal fight

Montanans are gearing up for the latest round in the coal wars, with industry supporters trying to protect jobs while environmentalists seek a shift to renewable energy.

July 20, 2014 4:00 am Photos

Photos

Loading…

Montana woman, Tanzanian husband team up for safari business

Montana woman, Tanzanian husband team up for safari business

It was by happenstance that Jamie Pearson and her husband, Dieter Zimmermann, discovered Tupo Africa Safaris. But it was a stroke of luck for the Billings family of four.

July 20, 2014 12:00 am Photos

Photos

Related Loading…
Get weekly ads via e-mail

Featured Businesses