---
schema_version: "secwatch.filing_event.v1"
accession: "0000860413-23-000202"
form_type: "8-K"
ticker: "FIBK"
cik: "0000860413"
company_name: "FIRST INTERSTATE BANCSYSTEM INC"
filed_at: "2023-12-14T23:59:59+00:00"
generated_at: "2026-06-07T13:14:32.060413+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# First Interstate BancSystem repurchases 1M shares from Scott family trust for $32.1M

## Summary
- 1,000,000 shares repurchased at $32.14/share, aggregate $32,140,000, funded with available cash.
- Seller is Homer Scott, Jr. Revocable Trust, an affiliate whose beneficiaries include three company directors.
- Purpose: fund estate obligations following the recent death of Homer Scott, Jr.
- Transaction approved by company's board, bank board, trust beneficiaries, and Federal Reserve non-objection.
- Repurchased shares represent ~0.95% of outstanding common stock.

## SEC filing metadata
- accession: 0000860413-23-000202
- form_type: 8-K
- ticker: FIBK
- cik: 0000860413
- company_name: FIRST INTERSTATE BANCSYSTEM INC
- filed_at: 2023-12-14T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/860413/000086041323000202/0000860413-23-000202-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/860413/000086041323000202/fibk-20231214.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000860413-23-000202
- JSON: https://secwatch.observer/filing/0000860413-23-000202.json
- Plain text: https://secwatch.observer/filing/0000860413-23-000202.txt

## Key facts
- Material Agreements
  FIRST INTERSTATE BANCSYSTEM INC entered into Repurchase Agreement with Homer Scott, Jr. Revocable Trust dated December 4, 1978, as amended and restated (the "Trust") valued at $32,140,000 (effective 2023-12-14).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Homer Scott, Jr. Revocable Trust dated December 4, 1978, as amended and restated (the "Trust")
  - Value: $32,140,000
  - Effective: 2023-12-14
  source text: On December 14, 2023, First Interstate BancSystem, Inc., a Delaware corporation (the “Company”), entered into an agreement (the “Repurchase Agreement”) with the Homer Scott, Jr. Revocable Trust dated December 4, 1978, as amended and restated (the “Trust”), to purchase from the Trust shares of the Company’s common stock, par value $0.00001 per share (“Common Stock”), owned by the Trust in a private transaction.
  evidence_url: https://www.sec.gov/Archives/edgar/data/860413/000086041323000202/0000860413-23-000202-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.