first interstate bank locations

First Interstate Bank is a $7.3 billion community banking organization, operating 74 banking offices, along with online and mobile banking services. The conversion of GWB branches to First Interstate Bank is expected to take place during the second calendar quarter of 2022. Find Union Bank branches or ATM locations near you or search for a Union Bank Please Note: First Interstate Bank Debit and ATM cardholders are not.

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First Interstate Bank makes big regional expansion in acquisition of South Dakota-based bank

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 300 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 1971, 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 170 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 2022. 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 53-year-old company,” said First Amazon book club 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 call bank mobile vibe customer service 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.


Great Western Bank to join First Interstate brand in all-stock transaction

First Interstate BancSystems Inc. has entered an agreement with Great Western Bank that will combine the two companies in an all-stock transaction.

Great Western Bank will merge into First Interstate BancSystems Inc., according to a news release. Upon closing the deal, five directors from Great Western Bank will join the First Interstate BancSystems board of directors.

The current president and CEO of Great Western Bank, Mike Borrecco will serve as the chief banking officer for First Interstate. 

First Interstate BancSystems, headquartered in Billings, Mont., is the parent company of First Interstate Bank, a company with $18.9 billion in assets, according to the release. It has locations in Idaho, Montana, Oregon, South Dakota, Washington and Wyoming. 

Headquartered in Sioux Falls, Great Western is a full-service, $13 billion regional bank. It has 174 branches in Arizona, Colorado, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota, including in Watertown and Aberdeen and other communities in the state.

All Great Western Bank locations will be rebranded to First Interstate Bank. The transaction will add Sioux Falls; Omaha, Neb.; and Des Moines, Iowa to First Interstate's markets, including various locations in those states. 

"With the addition of Great Western, we will significantly increase the geography, diversification of our franchise . to states east and south of our current footprint," President and CEO of First Interstate BancSystem Kevin Riley said during a Thursday news conference."These are attractive markets that will present good growth opportunities long into the future."

First Interstate already has markets in Denver; Fort Collins, Colo.; Boise, Idaho; and Spokane, Wash. Riley said the company has "had a great deal of success over capital one online checking account login past few years" in those markets.

With the transaction, there will be more than 300 First Interstate Bank locations in 14 states that will have more than $32 billion first interstate bank locations assets. 

The transaction is expected to close during the first calendar quarter of 2022, and the conversion of Great Western banks to First Interstate will take place during the second calendar quarter of 2022, according to the release.

With the change, the banks will have low overlap, allowing for minimal impact to employees, officials said Thursday.

It's the sixth merger and acquisition for First Interstate since 2016, and ninth in the company's history. Most recently, the bank system acquired 11 branches from Idaho Independent Bank and three from Community First Bank, both in 2019. First Interstate was founded in 1968 when Homer Scott established First Interstate Bank with his purchase of the Bank of Commerce in Sheridan, Wyo.

In 2008, First Interstate merged with First Western Bank and expanded into markets adjacent to South Dakota. 

First Interstate BancSystems expects the transaction will result in 20% growth in earnings per share in 2023, assuming fully td bank small loan cost savings, according to the release.

“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," Riley said in the release.

Customers can expect no immediate changes to their day-to-day banking, and business will go on as usual. Customers will receive mailings regarding information on the merger as well as information regarding their accounts. 



For decades, First Interstate Bank has been part of the fabric of many hard-working towns and cities. Our belief—that community banking means so much more than simple transactions and accounts—is rooted in an approach to service centered around you.

First Interstate has more than 150 offices across Idaho, Montana, Oregon, South Dakota, Washington, and Wyoming. So we are dedicated to helping these diverse communities reach their greatest potential. We answer the needs of residents and businesses with practical merrill lynch sign in solutions. Additionally, we give support to communities through business development and philanthropy.

From the time Homer Scott, Sr. first purchased the bank in 1968, First Interstate has adhered to a strong set of guiding principles. Our Mission, Vision, and Values set forth the relationships we expect to have with our clients, employees, and shareholders. Along with the communities we serve. 

First Interstate Bank in Sunriver offers a comprehensive suite of personal and business products for all of your financial needs. From the utility of a checking account to a credit card’s possibilities, to even bigger life moments of mortgages and business loans – and everything in between our local banking experts at First Interstate Bank are here for you. Visit our website for more information.




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