Press Release

First Interstate BancSystem, Inc. Announces Merger of its Subsidiary, Bank of the Cascades, Into First Interstate Bank

Company Release - 8/14/2017 10:00 AM ET

BILLINGS, Mont.--(BUSINESS WIRE)-- Less than three months after the completion of its acquisition of Cascade Bancorp, First Interstate BancSystem, Inc. (NASDAQ: FIBK) announced today that it has consolidated its two subsidiary banks by merging Bank of the Cascades into First Interstate Bank. As a result of this merger, all former Bank of the Cascades locations are now operating under the First Interstate Bank name.

“We are delighted to welcome Bank of the Cascades clients and employees to the First Interstate family,” said First Interstate President and CEO Kevin Riley. “I thank all the employees across our footprint for working so diligently to bring our two banks together. We have a fantastic team that will continue to serve our clients with exceptional commercial and consumer banking services—from robust, innovative digital banking platforms, to small business and home loans, as well as wealth management services.”

First Interstate BancSystem, Inc. is a financial services holding company headquartered in Billings, Montana. It is the parent company of First Interstate Bank. First Interstate Bank is a community bank with $12.2 billion in assets as of June 30, 2017, delivering financial solutions through 126 locations located throughout Idaho, Montana, Oregon, South Dakota, Washington, and Wyoming. As a recognized leader in community banking services, First Interstate is guided by strong values as well as a commitment to delivering long-term organic growth by exceeding client expectations and supporting, with leadership and resources, the communities it serves.

First Interstate BancSystem, Inc.
Margie Morse, +1 406-255-5053
Investor Relations Officer
margie.morse@fib.com

Source: First Interstate BancSystem, Inc.