OFFICE DETAILS

First Interstate Bank Billings Downtown branch is one of the offices of the bank and has been serving the financial needs of their customers in Billings, Yellowstone county, Montana since Billings Downtown office is located at North 31st Street, Billings. You can also contact the bank by calling the branch phone number at

First Interstate Bank Billings Downtown branch operates as a full service brick and mortar office. For lobby hours, drive-up hours and online banking services please visit the official website of the bank at mynewextsetup.us You can edit branch details by clicking here if you believe the information is incomplete, incorrect, out of date or misleading.

BRANCH HOURS

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• &#; Saturday:Closed

• &#; Sunday:Closed

First Interstate Bank Billings Downtown is open Monday to Friday and closed on Saturdays and Sundays. The branch opens at am in the morning. Working hours for Billings Downtown branch are listed on the table above. Note that this data is based on regular opening and closing hours of First Interstate Bank and may also be subject to changes. Please call the branch at to verify hours before visiting.

BANK INFORMATION

• Bank Name:First Interstate Bank

• Bank Type:Federal Reserve Member Bank

• FDIC Insurance:Certificate #

• Routing Number:N/A

• Online Banking:mynewextsetup.us

• Branch Count Offices in 6 states

BILLINGS - First Interstate Bank is making a big expansion in the Midwest region and marking the end of an era in its management.

The Billings-based banking firm announced Thursday that it's agreed to acquire Great Western Bank of Sioux Falls, South Dakota, which would push First Interstate to $32 billion in assets and more than branches across 14 states upon closing of the deal.

When the deal is closed, the Scott family, whose patriarch, Homer Scott, founded the bank in , will step aside from their controlling interest on the bank's board of directors. They will continue to own shares and serve on the board.

“Throughout our many years of ownership, we have prided ourselves on the ability to stay true to our values and roots while simultaneously adapting, innovating, and responding to the unique needs of our clients and communities,” said Jim Scott, director of First Interstate's board and son of Homer and his wife, Mildred. “This combination is an extension of our legacy in the region where our family’s roots began. It increases the Bank’s community commitment while expanding our brand of community banking.”

The bank will convert its dual-class stock, which allowed the Scotts to sell shares to investors but maintain voting control, to class A common stock, which offers more voting control to outside shareholders.

First Interstate is Montana's largest native bank.

Great Western Bank has more than branches in nine states: Arizona, Colorado, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota. Eight of those states (excluding South Dakota) are new to First Interstate's portfolio.

The all-stock transaction is expected to close during the first three months of Great Western branches are expected to convert to the First Interstate brand in the middle of next year.

“This is a transformative moment for our year-old company,” said First Interstate President and CEO Kevin Riley in a statement. “The strategic and cultural alignment between our organizations is what makes this transaction so exciting, as we both pride ourselves on being community banks with a strong focus on relationship building, customer service, and community outreach."

As part of the transaction, First Interstate also plans to donate $20 million in honor of the Scott family to the First Interstate BancSystem Foundation, the parent company's community outreach arm.

American Regional Financial Services Company

For the bank holding company until , see First Interstate Bancorp.

First Interstate BancSystem, Inc. is a financial holding company headquartered in Billings, Montana. It is the parent company of First Interstate Bank, a community bank with locations throughout Idaho, Montana, Oregon, South Dakota, Washington, and Wyoming.

History[edit]

First Interstate Bank was established in when its founder, Homer Scott, Sr. purchased the Bank of Commerce in Sheridan, Wyoming. Scott incorporated the company in Montana in and over the next 10 years acquired two more banks and established six de novo banks in Montana and Wyoming. ^[1]

In , the company entered into a franchise agreement with First Interstate Bancorp, a multi-state bank holding company headquartered in Los Angeles, California, to use the First Interstate Bank name and logo.

In , Wells Fargo acquired First Interstate Bancorp, but not First Interstate Bank. Instead, the Montana organization successfully negotiated to retain the well-known First Interstate name and logo. In , the company retained the rights to use the First Interstate name and logo in all 50 states.

By the end of , First Interstate had grown to 42 branches through a combination of de novo start-ups and acquisitions.^[2]

In , the Bank expanded into South Dakota by acquiring 18 banking offices pursuant to the purchase of First Western Bank.

The Bank extended into Idaho, Oregon, and Washington with the acquisitions of Cascade Bancorp in and Northwest Bancorporation, Inc., in —the parent companies of Bank of the Cascades and Inland Northwest Bank, respectively. In , Idaho Independent and Community 1st Banks joined the Company, officially becoming First Interstate Bank in June of that year. ^[3]

As of , First Interstate has branches throughout Idaho, Oregon, Montana, South Dakota, Washington, and Wyoming.

Properties[edit]

First Interstate Bank is a fifty-percent owner and primary tenant of the First Interstate Center, a story building in Billings, Montana. Completed in the foot (83 m) structure is the tallest building in the state of Montana.^[4]

References[edit]

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