FIBK Profile
First Interstate BancSystem, Inc. functions as a prominent bank holding company that oversees the operations of First Interstate Bank, providing a comprehensive range of banking products and services across the United States. The company's offerings encompass traditional depository products such as checking, savings, and time deposits, along with repurchase agreements tailored primarily for commercial and municipal depositors. Real estate loans constitute a significant part of its lending portfolio, including commercial real estate, construction, residential, agricultural, and other real estate loans. For consumers, First Interstate provides direct personal loans, credit card loans, lines of credit, and indirect loans.
In addition to its lending and depository services, First Interstate BancSystem extends a diverse suite of financial solutions. These include variable and fixed-rate commercial loans aimed at small to medium-sized businesses across various sectors like manufacturing, wholesale, retail, and services. The company also delivers a wide array of trust, employee benefit, investment management, insurance, agency, and custodial services to individuals, businesses, and nonprofit organizations. This comprehensive approach positions First Interstate as a trusted partner in managing the financial needs of its diverse clientele.
Beyond traditional banking services, First Interstate BancSystem offers specialized opperational suport such as marketing, credit review, loan servicing, credit card issuance and servicing, mortgage loan sales and servicing, indirect consumer loan purchasing and processing, loan collection services, and advanced online and mobile banking solutions. These capabilities enhance customer convenience and operational efficiency, reinforcing the company's commitment to delivering superior financial services.
Headquartered in Billings, Montana, First Interstate BancSystem was established in 1971 and has since expanded its footprint with 147 banking offices and detached drive-up facilities across Idaho, Montana, Oregon, South Dakota, Washington, and Wyoming as of December 31, 2021. The company's broad geographic presence enables it to serve a diverse array of industries, including agriculture, energy, healthcare, real estate development, technology, tourism, and more, thereby solidifying its role as a cornerstone financial institution in the communities it serves.
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