First Interstate Bank Expands with Purchase of Mountain West Ban - KFBB.com News, Sports and Weather

First Interstate Bank Expands with Purchase of Mountain West Bank

Posted: Updated:

HELENA, Mont. (AP) - First Interstate Bank's parent company says it is acquiring Mountain West Bank in a deal that will pay Mountain West shareholders approximately $72.8 million.
    
First Interstate BancSystem Inc. senior vice president and marketing director Cynthia Lyle confirmed the acquisition announced Monday on First Interstate's website.
    
The deal must be approved by regulators and Mountain West shareholders.
    
Billings-based First Interstate says it expects those approvals by midyear.
    
Helena-based Mountain West Financial Corp. had $647 million in assets at the end of September and operates 12 branches in central and western Montana.
    
The merger would give First Interstate approximately $8.2 billion in assets. First Interstate Chairman Tom Scott says it gives the bank the chance to expand its Montana market.
    
First Interstate operates in Montana, Wyoming and South Dakota.

  • Most Popular StoriesMost Popular StoriesMore>>

  • Fatal Car Accident Near Belt

    Fatal Car Accident Near Belt

    An early morning car accident has taken the life of at one individual just outside of Great Falls.
    An early morning car accident has taken the life of at one individual just outside of Great Falls.
  • UPDATE: Fire at Silverwood caused by cigarette

    UPDATE: Fire at Silverwood caused by cigarette

    Friday, August 29 2014 2:35 PM EDT2014-08-29 18:35:38 GMT
    ATHOL, Idaho - After a thorough investigation into the fire that closed a portion of Silverwood Theme Park last weekend, investigators with the Timberlake Fire Protection District say it was most likely an improperly discarded cigarette that started the fire.
    ATHOL, Idaho - After a thorough investigation into the fire that closed a portion of Silverwood Theme Park last weekend, investigators with the Timberlake Fire Protection District say it was most likely an improperly discarded cigarette that started the fire. The fire happened on August 24th, around 2:00pm in a restroom at the Boulder Beach Water park. The water park was evacuated while crews worked to put the flames out. 
  • High STD Rate in Cascade County

    High STD Rate in Cascade County

    Cascade County has the third highest rate of sexually transmitted diseases in the state and officials say that many of the STD's are originating from one specific area.
    Cascade County has the third highest rate of sexually transmitted diseases in the state and officials say that many of the STD's are originating from one specific area.
Powered by WorldNow

Sports

  • Sports
  • Community

  • Community
  • Powered by WorldNow
    All content © Copyright 2000 - 2014 WorldNow and Max Media. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.