Bill Coffee, president and CEO of Stockman Bank of Montana, has been appointed to the Minneapolis Federal Reserve board of directors-Helena Branch.
As a director, Coffee will contribute regional perspectives on economic conditions as part of the Federal Reserve’s monitoring of the national economy and the formulation of monetary policy. He will also serve in an advisory capacity to the management of the Helena Branch of the Federal Reserve Bank of Minneapolis.
Coffee has been with Stockman since 1994, where he helped facilitate the opening of Billings’ first Stockman Bank location. He was named president, chief executive officer and board chair in 2008. He earned his juris doctorate from the University of Montana School of Law in Missoula in 1992. He received a bachelor’s degree in business accounting with a minor in finance from Montana State University in Bozeman in 1986. He also holds a Certified Public Accountant license.
Coffee currently serves as co-chair of financial services for the Governor’s Main Street Montana Key Industry Network, a director of the Community Bankers of Montana, a director of the Montana Independent Bankers Association, and a community volunteer for a variety of organizations in Billings. He was recently inducted into the Montana Business Hall of Fame from MSU-Billings College of Business in September 2017.
Coffee replaced Helena branch director Duane Kurokawa, president of Western Bank of Wolf Point and will serve a three-year term.