First Interstate BancSystem

Overview

First Interstate BancSystem, Inc.

type	Public
traded as	nasdaq: FIBK (Class A) Russell 2000 component S&P 600 component
trading name	First Interstate Bank
location	First Interstate Center Billings, Montana, US
locations	307
num locations year	2022
key people	David L. Jahnke (chairman) Kevin P. Riley (president and CEO)
industry	Financial services
products	Checking accounts Savings accounts Mortgage loans Commercial loans Insurance Treasury management Investments Escrow services Consumer finance
revenue	US$656 million
revenue year	2021
operating income	US$259 million
income year	2021
net income	US$192 million
net income year	2021
assets	US$32.06 billion
assets year	2022
equity	US$1.99 billion
equity year	2021
num employees	2,358
num employees year	2021
homepage	firstinterstatebank.com
foundation	1968, in Sheridan, Wyoming, United States
founder	Homer Scott, Sr.

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 14 states within the Western and Midwestern United States.[1] It is the largest bank based in Montana, as measured by total assets.[2]

History

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 ten 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

First Interstate BancSystem

History

Properties

External links

References