secwatch.observer — SEC 8-K summary
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Issuer:     FIRST INTERSTATE BANCSYSTEM INC (FIBK)
CIK:        0000860413
Form:       8-K
Filed at:   2023-12-14T23:59:59+00:00
Accession:  0000860413-23-000202
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/860413/000086041323000202/0000860413-23-000202-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/860413/000086041323000202/fibk-20231214.htm
  HTML page:      https://secwatch.observer/filing/0000860413-23-000202

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