Add-on Acquisition • Financial Services

First Interstate Bank Acquires Northwest Bancorporation

On April 18, 2018, First Interstate Bank acquired financial services company Northwest Bancorporation for 17M USD

Acquisition Context
  • This is First Interstate Bank’s 10th transaction in the Financial Services sector.
  • This is First Interstate Bank’s 5th largest (disclosed) transaction.
  • This is First Interstate Bank’s 10th transaction in the United States.
  • This is First Interstate Bank’s 1st transaction in Washington.

Explore All 3084 Add-on Acquisition Financial Services Deals - Search the Database Free


M&A Deal Summary

Date April 18, 2018
Target Northwest Bancorporation
Sector Financial Services
Buyer(s) First Interstate Bank
Deal Type Add-on Acquisition
Deal Value 17M USD
Advisor(s) D.A. Davidson (Financial)
Witherspoon Kelley (Legal)

Target Company

Northwest Bancorporation

Spokane, Washington, United States
Northwest Bancorporation, Inc. is specializes in meeting the financial needs of individuals and small to medium-sized businesses, including professional corporations, by providing a full line of commercial, retail, mortgage and private banking products and services.
Explore More Deals

Browse All 215,156 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

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 Context for Buyer #
Overall 10 of 13
Sector: Financial Services 10 of 13
Type: Add-on Acquisition 10 of 12
State: Washington 1 of 1
Country: United States 10 of 13
Year: 2018 1 of 3
Size (of disclosed) 5 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-08 Citizens Bancshares

Ville Platte, Louisiana, United States

Citizens Bancshares, Inc. is a provider of financial services in US.

Sell $46M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-11 Idaho Independent Bank

Coeur d'Alene, Idaho, United States

Idaho Independent Bank is a full-service community bank, with approximately $725 million in assets, $362 million in loans, $610 million in deposits. Idaho Independent Bank operates branches throughout Idaho, with a large presence in both the greater Boise-Nampa area and the Coeur d’Alene markets. Idaho Independent Bank is based in Coeur d'Alene, Idaho.

Buy -