First Interstate proudly delivers financial solutions across Arizona, Colorado, Idaho, Iowa, Kansas, Montana, Nebraska, Missouri, Minnesota, North Dakota, Oregon, South Dakota, Washington, and Wyoming. It is the parent company of First Interstate Bank, a community bank with $33 billion in assets as of March 31, 2022. is a financial services holding company headquartered in Billings, Montana. “Those funds are dedicated to deploying meaningful and relevant assistance across our footprint, reinforcing our focus and attention to the foundational community values First Interstate has held since the bank’s inception 54 years ago.”įirst Interstate BancSystem, Inc. “First Interstate keeps community at the heart of everything we do, which is why the Bank chose to make a $21.5 million donation to the First Interstate BancSystem Foundation in concert with our merger,” said Marcy Mutch, Chief Financial Officer for First Interstate BancSystem, Inc. This gift is in addition to First Interstate’s annual giving. First Interstate has evolved since 1968 from a.

To punctuate and celebrate its acquisition of Great Western Bank, First Interstate Bank has made a $21.5 million donation to the First Interstate BancSystem Foundation-the philanthropic arm of First Interstate. First Interstate Bank is a multi-state, 7.1 billion banking organization headquartered in Billings, Montana. These funds are donated to aid in the improvement of workforce development, to boost early childhood education, mitigate poverty, and more. Each year, First Interstate donates 2% of its pre-tax earnings to local communities. In addition to right-sized product offerings and an exceptional service delivery model, First Interstate is also known for its strong commitment to community and philanthropy. New clients can expect to receive the same high level of service with access to additional products, digital tools, and convenience services not previously available at Great Western.”Ĭlients can access banking services through their local First Interstate branch, the First Interstate Bank website, or the First Interstate mobile app. “The same Great Western bankers you’ve come to know and trust have opened their doors today as First Interstate. “It’s an exciting day for our clients, our employees, and the communities where we live and work,” said Kevin Riley, President and CEO of First Interstate BancSystem, Inc. The successful conversion allows First Interstate to directly serve clients and communities in eight new states (14 states total) and brings First Interstate’s total number of branches to more than 300 convenient locations. (NASDAQ: FIBK), parent company of First Interstate Bank, announced that effective today, all Great Western Bank locations are now open and operating as First Interstate Bank branches. Gform.BILLINGS, Mont.-( BUSINESS WIRE)-First Interstate BancSystem, Inc. Δ document.getElementById( 'ak_js_3' ).setAttribute( 'value', ( new Date() ).getTime() ) We tell you about cash you can claim every week!ĬAPTCHAEmailThis field is for validation purposes and should be left unchanged. Founded in 1968, First Interstate Bank has over 120 branches in Oregon, Washington, Montana, Idaho, South Dakota, and Wyoming. When consumers tried to complete transactions, First Interstate Bank allegedly authorized these transactions based on a sufficient balance in the account.

The First Interstate class action lawsuit calls these “Authorize Positive, Purportedly Settle Negative” fees. Plaintiffs in the case say they were charged overdraft fees despite their accounts being able to cover the transactions.

The company has expanded several times through acquisitions of other banks.Īccording to a class action lawsuit, First Interstate Bank unfairly charged overdraft fees to customers. Consumers included in the settlement should have received an email or postcard notice about their eligibility.įirst Interstate Bank is a Montana-headquartered company that has over 300 branches in Arizona, Colorado, Idaho, Iowa, Kansas, Minnesota, Missouri, Montana, Nebraska, North Dakota, Oregon, South Dakota, Washington and Wyoming. 30, 2011, and April 7, 2021, charged one or more overdraft fees on a debit card transaction in which there was a sufficient balance available at the time the transaction was authorized but an insufficient balance at the time the transaction was posted. The settlement benefits First Interstate Bank customers who were, between Dec. First Interstate Bank has agreed to pay over $2.3 million and forgive thousands in fees to resolve claims its customers were charged unfair bank fees.

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