First Interstate BancSystem: Difference between revisions
Content deleted Content added
m fmt |
Rescuing 2 sources and tagging 0 as dead. #IABot (v1.2.7.1) |
||
| Line 10: | Line 10: | ||
| industry = [[Financial Services]] |
| industry = [[Financial Services]] |
||
| products = [[Checking account]]s <br /> [[Savings account]]s<br />[[Insurance]]<br />[[Investments]]<br />[[Mortgage loan|Mortgages]]<br />[[Consumer finance]] |
| products = [[Checking account]]s <br /> [[Savings account]]s<br />[[Insurance]]<br />[[Investments]]<br />[[Mortgage loan|Mortgages]]<br />[[Consumer finance]] |
||
| revenue = {{profit}}[[United States Dollar|US $]]293.4 million (2006)<ref>{{cite web |
| revenue = {{profit}}[[United States Dollar|US $]]293.4 million (2006)<ref>{{cite web|title=2006 Annual Report |url=http://www.firstinterstatebank.com/investor_relations/2006AnnualReport.pdf |publisher=First Interstate BankSystem, Inc. |format=PDF |accessdate=2007-08-09 |archiveurl=https://web.archive.org/web/20070927151604/http://www.firstinterstatebank.com/investor_relations/2006AnnualReport.pdf |archivedate=2007-09-27 |deadurl=yes |df= }}</ref><ref name="10K">{{cite web |title=Form 10-K -- Annual Report |date=2007-03-14 |url=http://www.sec.gov/Archives/edgar/data/860413/000095013707003774/0000950137-07-003774-index.htm |publisher=[[United States Securities and Exchange Commission|U.S. SEC]] |accessdate=2007-08-09}}</ref> |
||
| operating_income = {{profit}}[[United States Dollar|US $]]187.46 million (2006)<ref name="10K" /> |
| operating_income = {{profit}}[[United States Dollar|US $]]187.46 million (2006)<ref name="10K" /> |
||
| net_income = {{profit}}[[United States Dollar|US $]]75.6 million [[United States dollar|USD]] (2006)<ref name="10K" /> |
| net_income = {{profit}}[[United States Dollar|US $]]75.6 million [[United States dollar|USD]] (2006)<ref name="10K" /> |
||
| Line 26: | Line 26: | ||
The bank originated in 1968 as a single bank in [[Sheridan, Wyoming]], and incorporated in Montana in 1971. 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]].<ref>[http://www.casperjournal.com/articles/2007/11/19/vets_hotline/vets99.prt Remembering Gerald Ford - Casper Journal - April 27, 2007]</ref> |
The bank originated in 1968 as a single bank in [[Sheridan, Wyoming]], and incorporated in Montana in 1971. 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]].<ref>[http://www.casperjournal.com/articles/2007/11/19/vets_hotline/vets99.prt Remembering Gerald Ford - Casper Journal - April 27, 2007]</ref> |
||
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.<ref>{{cite web |
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.<ref>{{cite web|title=Who We Are |url=http://www.firstinterstatebank.com/about/ |publisher=First Interstate BankSystem, Inc. |accessdate=2009-07-09 |deadurl=yes |archiveurl=https://web.archive.org/web/20090605014627/http://www.firstinterstatebank.com:80/about/ |archivedate=2009-06-05 |df= }}</ref> As of 2006, the bank had expanded to 49 branches with 130 ATMs in Montana and Wyoming. In November 2016, it acquired [[Cascade Bancorp]] of Oregon for $589 million.<ref name="pbj bank of cascades">{{cite news|last1=Kish|first1=Matthew|title=Oregon's second-largest bank (NSADAQ: CACB) to be sold for $589 million - Portland Business Journal|url=http://www.bizjournals.com/portland/news/2016/11/17/oregons-second-largest-bank-to-be-sold-for-589.html|accessdate=18 November 2016|work=Portland Business Journal|date=November 17, 2016}}</ref> At that time, First Interstate had $7.3 billion in deposits and $9 billion in assets.<ref name="pbj bank of cascades"/> |
||
== Properties == |
== Properties == |
||
Revision as of 03:56, 1 January 2017
 | |
| Company type | Public |
|---|---|
| Nasdaq: FIBK | |
| Industry | Financial Services |
| Founded | Sheridan, Wyoming, USA (1968) |
| Headquarters | First Interstate Center Billings, Montana, USA |
Number of locations | 80 |
Key people | |
| Products | Checking accounts Savings accounts Insurance Investments Mortgages Consumer finance |
| Revenue |  US $293.4 million (2006)[1][2] |
| US $187.46 million (2006)[2] | |
| US $75.6 million USD (2006)[2] | |
Number of employees | 1,700 (2016) |
| Website | www.firstinterstatebank.com |
- For the Los Angeles-based bank that operated until 1996, see First Interstate Bancorp.
First Interstate BancSystem, Inc., is a financial holding company both the company and its primary banking subsidiary First Interstate Bank are based in Billings, Montana.
History
The bank originated in 1968 as a single bank in Sheridan, Wyoming, and incorporated in Montana in 1971. 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.[3]
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.[4] As of 2006, the bank had expanded to 49 branches with 130 ATMs in Montana and Wyoming. In November 2016, it acquired Cascade Bancorp of Oregon for $589 million.[5] At that time, First Interstate had $7.3 billion in deposits and $9 billion in assets.[5]
Properties
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.[6]
Notes and references
- ^ "2006 Annual Report" (PDF). First Interstate BankSystem, Inc. Archived from the original (PDF) on 2007-09-27. Retrieved 2007-08-09.
{{cite web}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^ a b c d "Form 10-K -- Annual Report". U.S. SEC. 2007-03-14. Retrieved 2007-08-09.
- ^ Remembering Gerald Ford - Casper Journal - April 27, 2007
- ^ "Who We Are". First Interstate BankSystem, Inc. Archived from the original on 2009-06-05. Retrieved 2009-07-09.
{{cite web}}: Unknown parameter|deadurl=ignored (|url-status=suggested) (help) - ^ a b Kish, Matthew (November 17, 2016). "Oregon's second-largest bank (NSADAQ: CACB) to be sold for $589 million - Portland Business Journal". Portland Business Journal. Retrieved 18 November 2016.
- ^ "First Interstate Center, Billings". Emporis GmbH. Retrieved 2007-08-10.