M&A Deal Summary

Enterprise Bank & Trust Acquires First Interstate Bank - Twelve Banking Offices

On April 30, 2025, Enterprise Bank & Trust acquired financial services company First Interstate Bank - Twelve Banking Offices from First Interstate Bank

Acquisition Highlights
  • This is Enterprise Bank & Trust’s 4th transaction in the Financial Services sector.
  • This is Enterprise Bank & Trust’s 6th transaction in the United States.
  • This is Enterprise Bank & Trust’s 1st transaction in Arizona.

M&A Deal Summary

Date 2025-04-30
Target First Interstate Bank - Twelve Banking Offices
Sector Financial Services
Buyer(s) Enterprise Bank & Trust
Sellers(s) First Interstate Bank
Deal Type Divestiture

Target

First Interstate Bank - Twelve Banking Offices

Arizona, United States
First Interstate Bank's Twelve Banking Offices provide financial services, such as deposit accounts, loan products, and other commercial banking solutions. First Interstate Bank's Twelve Banking Offices are based in Arizona.

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Buyer(S) 1

Buyer

Enterprise Bank & Trust

Clayton, Missouri, United States

Category Company
Founded 1988
Sector Financial Services
Employees1,218
Revenue 531M USD (2024)
DESCRIPTION

Enterprise Bank & Trust is a provider of financial services. Enterprise Bank & Trust was incorporated in 1988 and is based in Clayton, Missouri.


DEAL STATS #
Overall 6 of 6
Sector: Financial Services M&A 4 of 4
Type: Divestiture M&A Deals 1 of 1
State: Arizona M&A 1 of 1
Country: United States M&A 6 of 6
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-26 First Choice Bank

Cerritos, California, United States

First Choice Bank is a community-based financial institution that serves primarily commercial and consumer clients in diverse communities and specializes in loans to small- to medium-sized businesses and private banking clients, commercial and industrial loans, and commercial real estate loans. First Choice Bank was founded in 2005 and is based in Cerritos, California.

Buy $398M

Seller(S) 1

SELLER

First Interstate Bank

Billings, Montana, United States

Category Company
Founded 1971
Sector Financial Services
Employees3,481
Revenue 1.0B USD (2024)
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 3 of 4
Sector: Financial Services M&A 3 of 4
Type: Divestiture M&A Deals 3 of 4
State: Arizona M&A 1 of 1
Country: United States M&A 3 of 4
Year: 2025 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-16 Great Western Bank

Sioux Falls, South Dakota, United States

Great Western Bank is the holding company for Great Western Bank, a full-service regional bank focused on relationship-based business and agribusiness banking. Great Western Bank offers small and mid-sized businesses a focused suite of financial products and a range of deposit and loan products to retail customers through several channels, including the branch network, online banking system, mobile banking applications, and customer care centers. Great Western Bank was founded in 1935 and is based in Sioux Falls, South Dakota.

Buy $2.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-10-16 First Interstate Bank s 11 Banking Offices

Nebraska, United States

First Interstate Bank's 11 Banking Offices offer personal, business, and banking services. First Interstate Bank's 11 Banking Offices are based in Nebraska.

Sell -