M&A Deal Summary |
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Date | 2018-10-11 |
Target | Idaho Independent Bank |
Sector | Financial Services |
Buyer(s) | First Interstate Bank |
Deal Type | Add-on Acquisition |
Advisor(s) | Sandler O'Neill + Partners LP (Financial) Witherspoon Kelley (Legal) |
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Category | Company |
---|---|
Founded | 1971 |
Sector | Financial Services |
Employees | 3,783 |
Revenue | 1.0B USD (2023) |
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 | 12 of 13 |
Sector (Financial Services) | 12 of 13 |
Type (Add-on Acquisition) | 12 of 12 |
State (Idaho) | 2 of 2 |
Country (United States) | 12 of 13 |
Year (2018) | 3 of 3 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2018-10-11 |
Community 1st Bank
Post Falls, Idaho, United States Community 1st Bank was the first chartered community bank in Post Falls, Idaho in over 104 years. CMYF was built on the service philosophy of “Do the Right Thing” and serves customers throughout North Idaho with three full-service branch locations in Post Falls and Coeur d’Alene. As of June 30, 2018, CMYF had $130 million in total assets, $78 million in loans, $116 million in deposits, and $13 million in shareholders’ equity. |
Buy | - |
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 |