What time does first interstate bank open

First Interstate BancSystem, Inc.

What time does first interstate bank open
TypePublic

Traded as

Nasdaq: FIBK (Class A)
Russell 2000 Component
IndustryFinancial services
FoundedSheridan, Wyoming, United States (1968)
HeadquartersFirst Interstate Center
Billings, Montana, USA

Number of locations

150

Key people

  • David L. Jahnke (Chairman)
  • Kevin P. Riley (President and CEO)

ProductsChecking accounts
Savings accounts
Mortgage loans
Commercial loans
Insurance
Treasury management
Investments
Escrow services
Consumer finance

Number of employees

2,460 (2021)
Websitefirstinterstatebank.com

What time does first interstate bank open

First Interstate BancSystem, Inc. is a financial holding company headquartered in Billings, Montana. It is the parent company of First Interstate Bank, a community bank with locations throughout Idaho, Montana, Oregon, South Dakota, Washington, and Wyoming.

History[edit]

First Interstate Bank was established in 1968 when its founder, Homer Scott, Sr. purchased the Bank of Commerce in Sheridan, Wyoming. Scott incorporated the company in Montana in 1971 and over the next 10 years acquired two more banks and established six de novo banks in Montana and Wyoming. [1]

In 1984, the company entered into a franchise agreement with First Interstate Bancorp, a multi-state bank holding company headquartered in Los Angeles, California, to use the First Interstate Bank name and logo.

In 1996, Wells Fargo acquired First Interstate Bancorp, but not First Interstate Bank. Instead, the Montana organization successfully negotiated to retain the well-known First Interstate name and logo. In 2017, the company retained the rights to use the First Interstate name and logo in all 50 states.

By the end of 1999, First Interstate had grown to 42 branches through a combination of de novo start-ups and acquisitions.[2]

In 2008, the Bank expanded into South Dakota by acquiring 18 banking offices pursuant to the purchase of First Western Bank.

The Bank extended into Idaho, Oregon, and Washington with the acquisitions of Cascade Bancorp in 2017 and Northwest Bancorporation, Inc., in 2018—the parent companies of Bank of the Cascades and Inland Northwest Bank, respectively. In 2019, Idaho Independent and Community 1st Banks joined the Company, officially becoming First Interstate Bank in June of that year. [3]

In September 2021, First Interstate announced a merger with Sioux Falls, South Dakota-based Great Western Bank.[4] The merger was completed on February 1, 2022, making Great Western an operating division of First Interstate Bank; Great Western locations became First Interstate Bank branches on May 23, 2022.[5][6]

As of 2022, First Interstate has over 300 branches throughout Arizona, Colorado, Idaho, Iowa, Kansas, Minnesota, Missouri, Montana, Nebraska, North Dakota, Oregon, South Dakota, Washington, and Wyoming. [7]

Properties[edit]

First Interstate Bank is a fifty-percent owner and primary tenant of the First Interstate Center, a 20-story building in Billings, Montana. Completed in 1985 the 272 foot (83 m) structure is the tallest building in the state of Montana.[8]

References[edit]

  1. ^ "About First Interstate Bank". www.firstinterstatebank.com. Retrieved 2021-03-25.
  2. ^ "About First Interstate Bank". www.firstinterstatebank.com. Retrieved 2021-03-25.
  3. ^ "About First Interstate Bank". www.firstinterstatebank.com. Retrieved 2021-03-25.
  4. ^ Abrego, Trent (16 September 2021). "Great Western Bank to join First Interstate brand in all-stock transaction". Aberdeen News. Retrieved 9 March 2022.
  5. ^ "First Interstate BancSystem acquires Great Western Bancorp for $2 billion". Banking Exchange. 2 February 2022. Retrieved 9 March 2022.
  6. ^ "Former Great Western Bank branches open today as First Interstate Bank". Des Moines Business Record. 23 May 2022. Retrieved 8 June 2022.
  7. ^ "About First Interstate Bank".
  8. ^ "First Interstate Center, Billings". Emporis GmbH. Archived from the original on January 1, 2007. Retrieved 2007-08-10.

  • First Interstate Bank home page

Who bought out First Interstate Bank?

Five months after announcing our intent to merge, we are pleased to officially welcome Great Western Bank to the First Interstate family. First Interstate's merger with Great Western Bank was completed this morning, February 1, 2022.

Is Great Western Bank changing to First Interstate Bank?

First Interstate Bank's acquisition of Great Western Bank gives the Montana-based company a foothold in Kansas City.

Does First Interstate Bank have mobile banking?

With First Interstate Bank's Corporate Mobile Banking app, you are able to view account balance(s) and transactions, transfer funds between accounts, approve transfers, pay bills, and deposit checks — all from your mobile device.

Does First Interstate have mobile deposit?

The Mobile Check Deposit Service ("Service") is designed to allow you to deposit an Eligible Check into your designated Account(s) from your mobile device by creating an image of the front and the back of the Eligible Check ("Check Image") and delivering the Check Image and associated deposit information to Bank's ...