M&A Deal Summary

First Interstate Bank Acquires Mountain Bank Mountain Bank System

On December 18, 1996, First Interstate Bank acquired financial services company Mountain Bank Mountain Bank System

Acquisition Highlights
  • This is First Interstate Bank’s 4th transaction in the Financial Services sector.
  • This is First Interstate Bank’s 4th transaction in the United States.
  • This is First Interstate Bank’s 2nd transaction in Montana.

M&A Deal Summary

Date 1996-12-18
Target Mountain Bank Mountain Bank System
Sector Financial Services
Buyer(s) First Interstate Bank
Deal Type Add-on Acquisition

Target

Mountain Bank Mountain Bank System

Montana, United States
Mountain Bank Mountain Bank System, Inc. 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 4 of 13
Sector (Financial Services) 4 of 13
Type (Add-on Acquisition) 4 of 12
State (Montana) 2 of 5
Country (United States) 4 of 13
Year (1996) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1995-05-02 First Park County Bancshares

Livingston, Montana, United States

First Park County Bancshares, Inc. is a provider of financial services.

Buy $9M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-05-24 Equity Bank

Wichita, Kansas, United States

Equity Bank is a full-service community bank with offices throughout Kansas and Missouri in the U.S.A. Equity Bank offers a full range of financial solutions, including commercial loans, consumer banking, mortgage loans, and treasury management services. Equity Bank was incorporated in 2002 and is based in Wichita, Kansas.

Buy $20M