First Interstate BancSystem, Inc. Announces Merger of its Subsidiary, Bank of the Cascades, Into First Interstate Bank
August 14 2017 - 10:00AM
Business Wire
Less than three months after the completion of its acquisition
of Cascade Bancorp, First Interstate BancSystem, Inc. (NASDAQ:
FIBK) announced today that it has consolidated its two subsidiary
banks by merging Bank of the Cascades into First Interstate Bank.
As a result of this merger, all former Bank of the Cascades
locations are now operating under the First Interstate Bank
name.
“We are delighted to welcome Bank of the Cascades clients and
employees to the First Interstate family,” said First Interstate
President and CEO Kevin Riley. “I thank all the employees across
our footprint for working so diligently to bring our two banks
together. We have a fantastic team that will continue to serve our
clients with exceptional commercial and consumer banking
services—from robust, innovative digital banking platforms, to
small business and home loans, as well as wealth management
services.”
First Interstate BancSystem, Inc. is a financial services
holding company headquartered in Billings, Montana. It is the
parent company of First Interstate Bank. First Interstate Bank is a
community bank with $12.2 billion in assets as of June 30, 2017,
delivering financial solutions through 126 locations located
throughout Idaho, Montana, Oregon, South Dakota, Washington, and
Wyoming. As a recognized leader in community banking services,
First Interstate is guided by strong values as well as a commitment
to delivering long-term organic growth by exceeding client
expectations and supporting, with leadership and resources, the
communities it serves.
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First Interstate BancSystem, Inc.Margie Morse, +1
406-255-5053Investor Relations Officermargie.morse@fib.com
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