401 North 31st Street, PO Box 30918,
Billings,
Montana 59116
United States,
(406) 255-5390
www.fibk.com
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 offering a full range of internet, mobile and other banking and financial services throughout Montana, Wyoming, and South Dakota.
| Year | ≤ '13 | '14 | '15 | '16 | '17 | '18 | T | |
|---|---|---|---|---|---|---|---|---|
| Buy (0.8/yr) | # | 6 | 1 | - | 2 | - | 1 | 10 |
| vol | $40M | $623M | $17M | $680M | ||||
| Sell (0.2/yr) | # | 1 | - | - | - | 1 | - | 2 |
| vol | $40M | $46M | $86M | |||||
| 12 | ||||||||
| Financial | Deals |
|---|---|
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3 |
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1 |
| Legal | Deals |
|---|---|
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3 |
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2 |
| Buy | # | TOTAL |
|---|---|---|
| > $1B | Sign-up to View | |
| $100M to $1B | Sign-up to View | |
| < $100M | Sign-up to View | |
| TOTAL | Sign-up to View | |
| Largest |
Cascade Bancorp. $589M (2016-11-17) |
|
| Sell | # | Total |
|---|---|---|
| > $1B | Sign-up to View | |
| $100M to $1B | Sign-up to View | |
| < $100M | Sign-up to View | |
| Total | Sign-up to View | |
| Largest |
Citizens Bancshares, Inc. $46M (2017-03-08) |
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According to our data here at Mergr, First Interstate BancSystem has acquired 13 companies, including 6 in the last 5 years. A total of 5 acquisitions came from private equity firms. It has also divested 2 assets.
First Interstate BancSystem’s largest acquisition to date was in 2016, when it acquired Cascade Bancorp. for $589M. It’s largest disclosed sale occurred in 2017, when it sold Citizens Bancshares to Investar Holding for $46M. First Interstate BancSystem has acquired in 6 different US states. The Company’s most targeted sectors include financial services (100%).
When analyzing the financial services sector as a whole, according to Mergr, in the last 3 years, there are 492 financial services companies that have made at least 1 acquisition, 20 have acquired at least 5 companies, and 4 have acquired more than 10 companies. The most prolific strategic financial services acquirer over the past 3 years is AFH Financial Group, with 9 acquisitions. The most prolific private equity acquirer in the financial services sector over the past 3 years is KKR & Co. L.P. with 5 platform acquisitions.
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