First Interstate Bancsystem Inc. (FIBK)

Overview

First Interstate BancSystem, Inc., functioning through its subsidiary First Interstate Bank, is a prominent bank holding company offering a broad spectrum of banking products and services across the United States. Established in 1971, the company is strategically headquartered in Billings, Montana. It caters to a wide array of clients, including individuals, businesses, municipalities, and various industry sectors such as agriculture, construction, education, governmental services, healthcare, hospitality, housing, professional services, real estate development, retail, technology, tourism, and wholesale trade. First Interstate BancSystem, Inc. is committed to fulfilling the financial needs of its diverse clientele through its comprehensive banking solutions.

Products and Services

The company offers an extensive range of financial products and services designed to meet the varied needs of its clients:

• Depository Products: These include checking, savings, and time deposits, along with repurchase agreements, primarily catering to commercial and municipal depositors. These products provide a secure place for clients to keep their money with the ease of access and management through checking and savings accounts, as well as opportunities for earning interest over time through time deposits.
• Real Estate Loans: Offering loans such as commercial real estate, construction, residential, agricultural, and other real estate loans. These loans support the acquisition, development, and construction of real estate projects across various sectors, facilitating the growth and expansion of businesses and providing financing solutions for residential needs.
• Consumer Loans: This includes direct personal loans, credit card loans and lines of credit, and indirect loans. These products aim to meet the personal financing needs of clients, facilitating purchases, personal projects, or consolidating debt. Credit card services provide flexibility and convenience for day-to-day transactions and purchases.
• Commercial and Agricultural Loans: Offering variable and fixed rate loans tailored for small and medium-sized enterprises in manufacturing, wholesale, retail, and service sectors for working capital needs and business expansions; as well as agricultural loans. These loans are designed to support business operations, facilitate growth, and bolster the agricultural sector with financing for crops, equipment, and other needs.
• Trust and Investment Services: Providing a variety of trust, employee benefit, investment management, insurance, agency, and custodial services to individuals, businesses, and nonprofit organizations. These services help clients manage and grow their wealth, plan for retirement, and protect their assets through strategic investment and insurance solutions.
• Auxiliary Services: Including marketing, credit review, loan servicing, credit cards issuance and servicing, mortgage loan sales and servicing, indirect consumer loan purchasing and processing, loan collection services, other operational, and specialized staff support services. These auxiliary services complement the company's primary offerings, providing comprehensive support for all aspects of banking and financial management.
• Online and Mobile Banking: Offering digital banking solutions that enable clients to access banking services anytime, anywhere. This includes managing accounts, transferring funds, paying bills, and receiving alerts through online and mobile platforms, enhancing convenience and accessibility for clients in managing their financial affairs.