First Interstate BancSystem

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First Interstate BancSystem, Inc.
Type Public
Traded as NASDAQFIBK
Industry Financial Services
Founded Sheridan, Wyoming, USA (1968)
Headquarters First Interstate Center
Billings, Montana, USA
Number of locations 71
Key people

Thomas W. Scott,
Chairman

Lyle R. Knight,
President and CEO
Products Checking accounts
Savings accounts
Insurance
Investments
Mortgages
Consumer finance
Revenue IncreaseUS $293.4 million (2006)[1][2]
Operating income IncreaseUS $187.46 million (2006)[2]
Net income IncreaseUS $75.6 million USD (2006)[2]
Employees 1,600 (2006)
Website www.firstinterstatebank.com
For the Los Angeles-based bank that operated until 1996, see First Interstate Bancorp.

First Interstate BancSystem, Inc., a financial holding company, and its primary banking subsidiary First Interstate Bank are based in Billings, Montana, USA.

The bank originated in 1968 as a single bank in Sheridan, Wyoming, and incorporated in Montana in 1971. As of 2006, the bank had expanded to 49 branches with 130 ATMs in Montana and Wyoming.

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, when First Interstate Bancorp was split up, selling its Midwestern USA branches to St. Louis based Boatmen's Bancshares, which set the stage for it remaining west coast operations to be purchased by and merged into Wells Fargo. The Montana organization successfully negotiated to retain the well known First Interstate name and logo.[3]

One of the banks that is now part of the system was the First National Bank of Casper which traces its roots to the C.H. King and Company Bankers founded in 1889 by Charles Henry King, grandfather of President Gerald Ford.[4]

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.[2] Completed in 1985 the 272 foot (83 m) structure is the tallest building in the state of Montana.[5]

Notes and references[edit]

  1. ^ "2006 Annual Report" (PDF). First Interstate BankSystem, Inc. Archived from the original on 2007-09-27. Retrieved 2007-08-09. 
  2. ^ a b c d "Form 10-K -- Annual Report". U.S. SEC. 2007-03-14. Retrieved 2007-08-09. 
  3. ^ "Who We Are". First Interstate BankSystem, Inc. Retrieved 2009-07-09. 
  4. ^ Remembering Gerald Ford - Casper Journal - April 27, 2007
  5. ^ "First Interstate Center, Billings". Emporis GmbH. Retrieved 2007-08-10. 

External links[edit]