First Interstate BancSystem

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First Interstate BancSystem, Inc.
First Interstate Center, Billings, MT
Type	Privately held company
Founded	Sheridan, Wyoming, USA (1968)
Headquarters	401 North 31st St, Billings, Montana, USA
Key people	Thomas W. Scott, Chairman Lyle R. Knight, President and CEO
Industry	Financial Services
Products	Checking accounts Savings accounts Insurance Investments Mortgages Consumer finance
Revenue	▲US $293.4 million (2006)^[1] ^[2]
Operating income	▲US $187.46 million (2006)^[2]
Net income	▲US $75.6 million USD (2006)^[2]
Employees	1,600 (2006)
Website	www.firstinterstatebank.com

First Interstate BancSystem, Inc., a financial holding company, and its primary banking subsidiary First Interstate Bank are based in Billings, Montana, USA.

The bank originated in 1968 as a single bank in Sheridan, Wyoming, and incorporated in Montana in 1971. As of 2006, the bank had expanded to 49 branches with 130 ATMs in Montana and Wyoming.

In 1984, the company entered into a franchise agreement with First Interstate Bancorp, a multi-state bank holding company headquartered in Los Angeles, California, to use the First Interstate Bank name and logo. In 1996, when First Interstate Bancorp was split up, selling its Midwestern USA branches to St. Louis based Boatmen's Bancshares, which set the stage for it remaining west coast operations to be purchased by and merged into Wells Fargo. The Montana organization successfully negotiated to retain the well known First Interstate name and logo.^[3]

One of the banks that is now part of the system was the First National Bank of Casper which traces its roots to the C.H. King and Company Bankers founded in 1889 by Charles Henry King, grandfather of President Gerald Ford.^[4]

[edit] Properties

First Interstate Bank is a fifty-percent owner and primary tenant of the First Interstate Center, a 20-story building in Billings, Montana.^[2]. Completed in 1985 the 272 feet (83 m) tall building is the tallest building in state^[5]