First Interstate Bank Mergers and Acquisitions Summary

Financial ServicesCompany

First Interstate Bank has acquired 15 companies, including 3 in the last 5 years. A total of 5 acquisitions came from private equity firms. It has also divested 2 assets.

First Interstate Bank’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 Bank has acquired in 7 different US states. The Company’s most targeted sectors include financial services (100%).

Join Mergr and gain access to First Interstate Bank’s M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the financial services sector.

M&A Summary

  • M&A Total Activity14
    • M&A Buy Activity12
    • M&A Sell Activity2
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 7
  • M&A Advisors 4

First Interstate Bank

First Interstate BancSystem, Inc.

401 North 31st Street,
Billings, Montana 59116
United States,
(406) 255-5311

First Interstate Bank 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. First Interstate Bank was founded in 1971 and is based in Billings, Montana.

M&A Summary

Buy vs Sell

Year ≤ '18 '19 '20 '21 '22 '23 T
Buy (0.0/yr) # 12 - - - - - 12
vol $680M $680M
Sell (0.0/yr) # 2 - - - - - 2
vol $86M $86M

Most Recent M&A

Company Date Value Type
Idaho Independent Bank 2018-10-11 - Add-on Acquisition
Coeur d'Alene, Idaho ·
Community 1st Bank 2018-10-11 - Add-on Acquisition
Post Falls, Idaho ·
Northwest Bancorporation, Inc. 2018-04-18 17M USD Add-on Acquisition
Spokane, Washington ·
Citizens Bancshares, Inc. 2017-03-08 46M USD Divestiture
Ville Platte, Louisiana
Cascade Bancorp. 2016-11-17 589M USD Add-on Acquisition
Bend, Oregon ·
Flathead Bank of Bigfork 2016-04-06 34M USD Add-on Acquisition
Bigfork, Montana ·
Mountain West Financial Corp. 2014-10-02 - Add-on Acquisition
Helena, Montana
i_Tech Corp. 2008-12-16 40M USD Divestiture
Billings, Montana
Silver Run Bancorporation, Inc. 2002-08-27 3M USD Add-on Acquisition
Red Lodge, Montana
Equity Bancshares, Inc. 2000-05-24 20M USD Add-on Acquisition
Wichita, Kansas ·
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 12 (100%) 680M (100%) 2 (100%) 86M (100%)
Total 12 $680M 2 $86M

By Geo

State/Country Buy Value Sell Value
United States 12 680M 2 86M
  Montana 5 46M 1 40M
  Idaho 2 - - -
  Louisiana 1 8M 1 46M
  Washington 1 17M - -
  Texas 1 - - -
  Oregon 1 589M - -
  Kansas 1 20M - -
Total 12 $680M 2 $86M

Top M&A Advisors

Financial Deals
Sandler O'Neill + Partners LP
Barclays Investment Bank
Legal Deals
Luse Gorman, PC
Holland & Hart LLP

Deal Values

buy # Total
$100M to $1B 1 $589M
< $100M 6 $91M
Largest Cascade Bancorp.
$589M (2016-11-17)
sell # Total
< $100M 2 $86M
Largest Citizens Bancshares, Inc.
$46M (2017-03-08)

M&A Connections

Acquired from
2 (17%)
Divested to
2 (100%)

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