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.

  • One arrested while opposing confederate fountain removal

    One arrested while opposing confederate fountain removal

    Friday, August 18 2017 2:18 PM EDT2017-08-18 18:18:15 GMT

    The City of Helena has begun removing a monument to Confederate soldiers that has been in a park in Montana's capital city since 1916.

    The City of Helena has begun removing a monument to Confederate soldiers that has been in a park in Montana's capital city since 1916.

  • Couple has "made it" in Townsend glass shop

    Couple has "made it" in Townsend glass shop

    Wednesday, August 16 2017 9:35 PM EDT2017-08-17 01:35:37 GMT

    Jim and Terry Gundersen opened Goose Bay Handblown Glass in 2002... with one goal in mind: "We always felt like we will have arrived once we start finding our glass at garage sales." Jim, a former blacksmith, had no problem transitioning into the business. Terry... well, she sacrificed a lot of sleep.  "The difficult part was that I was still working as a nurse, 12 hour night shifts, and then I would blow glass during the day," says Terry. Jim chimes i...

    Jim and Terry Gundersen opened Goose Bay Handblown Glass in 2002... with one goal in mind: "We always felt like we will have arrived once we start finding our glass at garage sales." Jim, a former blacksmith, had no problem transitioning into the business. Terry... well, she sacrificed a lot of sleep.  "The difficult part was that I was still working as a nurse, 12 hour night shifts, and then I would blow glass during the day," says Terry. Jim chimes i...

  • Attorney General Fox Asks Congress to Amend Sex Trafficking Law

    Attorney General Fox Asks Congress to Amend Sex Trafficking Law

    Wednesday, August 16 2017 6:55 PM EDT2017-08-16 22:55:04 GMT

    The Montana Department of Justice sent out a press release stating that Attorney General Tim Fox joined 49 other state and territorial attorneys general in a bi-partisan coalition urging Congress to amend the Communications Decency Act (CDA) to clarify that states, localities, and territories retain authority to investigate and prosecute facilitators of child sex trafficking wherever they operate, including online. 

    The Montana Department of Justice sent out a press release stating that Attorney General Tim Fox joined 49 other state and territorial attorneys general in a bi-partisan coalition urging Congress to amend the Communications Decency Act (CDA) to clarify that states, localities, and territories retain authority to investigate and prosecute facilitators of child sex trafficking wherever they operate, including online. 

  • Montana, US: clashes over Confederate monuments following Charlottesville

    Montana, US: clashes over Confederate monuments following Charlottesville

    Tuesday, August 15 2017 8:51 PM EDT2017-08-16 00:51:00 GMT
    Credit: Google 2017Credit: Google 2017

    Members of the American Indian Caucus are calling for the removal of a Confederate monument in Helena at Hill Park. Following the events in Charlottesville, VA Representative Shane Morigeau says it's past due that the Helena City Commission remove the statue, which was commissioned by the United Daughters of the Confederacy, a group listed as Neo-Confederate by the Southern Poverty Law Center. 

    Members of the American Indian Caucus are calling for the removal of a Confederate monument in Helena at Hill Park. Following the events in Charlottesville, VA Representative Shane Morigeau says it's past due that the Helena City Commission remove the statue, which was commissioned by the United Daughters of the Confederacy, a group listed as Neo-Confederate by the Southern Poverty Law Center.