First Interstate Bancorp

First Interstate Bancorp is a publicly traded company (NASDAQ: FIBK) led by a board of directors and executive management team. Investments are managed by the bank's treasury and investment departments, focusing on traditional banking assets such as loans and securities.

This is a regional bank that sources deposits through a network of over 300 branches across the Mountain West and Plains. Its lending is relationship-driven, targeting small and mid-sized businesses, agriculture, and consumer segments. The bank also participates in syndicated lending and participates in government-guaranteed lending programs.

The bank operates primarily in Montana, Idaho, Washington, Oregon, Wyoming, South Dakota, and Arizona. Its 2021 acquisition of Great Western Bank added branches in the Midwest, including Nebraska and Iowa.

The bank operates the First Interstate Bank Foundation, which provides community grants and employee matching programs. It also participates in community development lending through CRA-eligible investments.

First Interstate Bancorp is a publicly traded bank holding company with $30 billion in assets as of 2023. It has no single controlling shareholder, with institutional and retail investors holding shares.

As a regulated bank, First Interstate maintains capital ratios above regulatory minima. Its loan portfolio is diversified across commercial, real estate, and agricultural sectors. The bank uses interest rate derivatives for balance sheet management.

The name originates from First Interstate Bancorp, a predecessor bank holding company formed in 1970. After the 1996 merger of Montana-based First Interstate Bancorp and Washington-based First Interstate Bank, the combined entity retained the name, leveraging the brand recognition across its footprint.