FIBK announces merger with Mountain West Financial Corp.
Tuesday, February 11, 2014, 12:00 PM ET
First Interstate BancSystem, Inc. is a $7.5 billion financial holding
company headquartered in Billings, Montana. It is the parent company of First Interstate
Bank, a community bank offering a full range of internet, mobile and other banking
and financial services throughout Montana, Wyoming, and western South Dakota.
First Interstate BancSystem Inc.’s course was set by its founder, Homer Scott,
Sr., who believed that people and organizations are not known by what they say,
but by what they do. From the time Homer Scott, Sr. purchased the first bank in
1968, through our growth in the last 45 years, the family of First Interstate BancSystem,
Inc. has always adhered to a strong set of guiding principles, which are formally
stated in the Company’s Strategic Vision.
We have grown our business through a long-term disciplined perspective that emphasizes
our commitment to providing high-quality financial products and services, delivering
quality customer service, effecting business leadership through professional and
dedicated managers and employees, assisting our communities through socially responsible
leadership and cultivating a strong and positive corporate culture. We intend to
remain a leader in our markets by continuing to adhere to the core principles and
values that have contributed to our growth and success and by continuing to follow
our community banking model.
At the time of our initial public offering in 2010, the company completed a recapitalization
of the common stock, including a redesignation of the previously existing common
stock into Class B common stock and the creation of a new class of common stock
designated as Class A common stock. The rights of the holders of Class A common
stock and Class B common stock are identical, except with respect to voting and
conversion. The shares of Class A common stock are traded on the NASDAQ Stock Market
under the symbol FIBK.