M&A Deal Summary

First Interstate Bank Acquires Flathead Bank of Bigfork

On April 6, 2016, First Interstate Bank acquired financial services company Flathead Bank of Bigfork for 34M USD

Acquisition Highlights
  • This is First Interstate Bank’s 8th transaction in the Financial Services sector.
  • This is First Interstate Bank’s 3rd largest (disclosed) transaction.
  • This is First Interstate Bank’s 8th transaction in the United States.
  • This is First Interstate Bank’s 5th transaction in Montana.

M&A Deal Summary
Date 2016-04-06
Target Flathead Bank of Bigfork
Sector Financial Services
Buyer(s) First Interstate Bank
Deal Type Add-on Acquisition
Deal Value 34M USD
Advisor(s) D.A. Davidson & Co. (Financial)
Lindquist & Vennum LLP (Legal)

Target

Flathead Bank of Bigfork

Bigfork, Montana, United States
Flathead Bank of Bigfork is a provider of financial services.

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Buyer(S) 1

Buyer

First Interstate Bank

Billings, Montana, United States
Category Company
Founded 1971
Sector Financial Services
Employees3,783
Revenue 1.0B USD (2023)
DESCRIPTION

First Interstate Bank is a financial holding company 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.

DEAL STATS #
Overall 8 of 13
Sector (Financial Services) 8 of 13
Type (Add-on Acquisition) 8 of 12
State (Montana) 5 of 5
Country (United States) 8 of 13
Year (2016) 1 of 2
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-02 Mountain West Financial

Helena, Montana, United States

Mountain West Financial Corp. is a bank holding company that operates one wholly-owned subsidiary bank, Mountain West Bank.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-17 Cascade Bancorp.

Bend, Oregon, United States

Cascade Bancorp. is a community bank in the Pacific Northwest operating under the name of Bank of the Cascades. Cascade offers full-service community banking through over 30 branches in Central Oregon, Southern Oregon, Portland/Salem and Boise/Treasure Valley.

Buy $589M
Mergr

Product

Company

Legal