First Interstate BancSystem, Inc. (NasdaqGS:FIBK) will look for acquisitions. Kevin Riley, Chief Executive Officer said, “With another strong year expected, we believe that we'll be able to generate solid returns to our shareholders. As we return to a more normalized environment, we're starting to see M&A discussions pick up, and we'll continue to look for opportunities to enhance our franchise value. We have built a highly scalable platform that can support a much larger bank, and we want to take advantage of that and continue using acquisitions to complement our organic growth and further increase our earnings power”.
First Interstate BancSystem, Inc. is a financial and bank holding company focused on community banking. Through its bank subsidiary, First Interstate Bank, the Company delivers a range of banking products and services, including online and mobile banking to individuals, businesses, municipalities, and others throughout its market areas. It operates through Community Banking segment, which encompasses commercial and consumer banking services offered to individuals, businesses, municipalities and other entities. Community Banking segment encompasses commercial and consumer banking services provided through its Bank: primarily the acceptance of deposits, the extension of credit, mortgage loan origination and servicing, and wealth management, which includes trust, employee benefit, investment management, insurance, agency, and custodial services to individuals, businesses, and nonprofit organizations. It provides lending opportunities to clients that participate in a variety of industries.