Bank of Jackson Hole (BoJH) is pleased to support the historic Wort Hotel and Million Dollar Cowboy Bar with a variety of business banking needs. These businesses represent legacy, community, and the authentic western spirit of Jackson Hole. Lance Windey and Pete Lawton got together with Jim Waldrop, General Manager, and owner Bill Baxter, to have a drink and talk a bit about why banking local with BoJH is important to Silver Dollar Inc.
Tell us a bit about Silver Dollar Inc.?
Silver Dollar, Inc. (SDI) is the management company that oversees the management of The Million Dollar Cowboy Bar, The Wort Hotel and The Wort Plaza Shops. Included in the management is personnel, financial, leasing, capital projects, upkeep, and maintenance. SDI has about 200 full and part-time employees.
Prior to 2020 you were using a different financial institution. What made you make the switch to BoJH?
Our decision to move to BOJH was simple: service. We felt like a community bank would be more in touch with the needs of our company. Additionally, the ability of BoJH to be responsive and efficient has been really impactful to our business.
Switching banks is no easy task, especially for business banking. What did BoJH do to assist with this transition to make the process as smooth as possible?
BoJH did a tremendous job outlining the transition process in manageable, clear and concise terms. They were responsive and answered all our questions and concerns in a thorough and timely manner.
The Wort Hotel and the Cowboy Bar are iconic Jackson landmarks, with tremendous history, what do you see for these businesses in the short and long term as our community continues to grow and evolve?
SDI is so proud to serve as a steward of these iconic properties. While our community and company will continue to evolve and adapt to a complex business environment; what we will do is invest in these icons to protect their structures and their legacies. In short, will invest heavily in short and long-term keeping them very much the same. We are so proud to represent and preserve two community icons for years to come.
Given the recent news of BoJH merging with NBH Bank, what do you see for the future of the BoJH and Silver Dollar Inc.?
SDI appreciated the immediate outreach around the merger and furthermore we are confident BoJH will continue with their trademark service and support as a community bank.