THE CONVERSE COUNTY BANK
PPP Lender · 788 loans · $52.2M total · 17 states served
THE CONVERSE COUNTY BANK was one of the thousands of SBA-approved lenders that participated in the Paycheck Protection Program. During the program period (April 2020 – May 2021), the lender originated 788 PPP loans totaling $52.2M, representing approximately 0.01% of all loans nationwide.
THE CONVERSE COUNTY BANK served borrowers across 17 states. The largest concentration of activity was in Wyoming, where the lender originated 688 loans totaling $42.9M. Other states with significant activity included California, South Dakota, Colorado.
The average loan size for this lender was $66,221. This figure reflects the mix of borrower types — large companies, small businesses, sole proprietors, and non-profits — that applied through this institution. Lenders were responsible for collecting and verifying borrower certifications and submitting loan applications to the SBA's E-Tran system.
Among the largest named borrowers that received loans through THE CONVERSE COUNTY BANK were: CYCLONE DRILLING, INC. (WY) — $6,887,800; MEMORIAL HOSPITAL OF CONVERSE COUNTY (WY) — $6,344,000; MOUNTAIN STATES ROSEN, LLC (CO) — $3,595,000; and NORTHWINDS OF WYOMING INC. (WY) — $1,550,000.
PPP lenders were compensated through processing fees paid by the SBA rather than by borrowers. Fees ranged from 1% to 5% of the loan amount depending on loan size. Lenders were not required to take credit risk — the SBA provided a 100% guaranty on each loan. This structure incentivized broad participation but also contributed to documented cases of lender fraud and over-processing of applications.
Borrower names for loans under $150,000 are withheld under FOIA Exemption 6. As a result, the named recipients shown below represent only a fraction of this lender's total portfolio. The full loan count and amount figures include all loans in the SBA's data regardless of disclosure status.
Activity by State
| State | Loans | Total Approved | Forgiveness Rate |
|---|---|---|---|
| Wyoming | 688 | $42.9M | 100.0% |
| California | 21 | $1.7M | 95.2% |
| South Dakota | 17 | $275,371 | 100.0% |
| Colorado | 13 | $5.0M | 92.3% |
| North Dakota | 8 | $667,528 | 100.0% |
| Oregon | 6 | $203,653 | 100.0% |
| Montana | 6 | $43,275 | 100.0% |
| Texas | 5 | $167,769 | 100.0% |
| New Mexico | 5 | $49,292 | 100.0% |
| Nebraska | 5 | $57,090 | 100.0% |
| Nevada | 4 | $113,828 | 100.0% |
| Oklahoma | 2 | $41,600 | 100.0% |
| Idaho | 2 | $35,412 | 100.0% |
| Florida | 2 | $17,403 | 100.0% |
| Arizona | 2 | $803,300 | 100.0% |
| Michigan | 1 | $8,900 | 100.0% |
| Massachusetts | 1 | $7,134 | 100.0% |