First Interstate selling 12 branches to Enterprise Bank & Trust for ~$740M deposits, ~$200M loans

FIRST INTERSTATE BANCSYSTEM INC

Enterprise Bank & Trust will acquire 12 branches (10 AZ, 2 KS) from First Interstate Bank.
Transaction includes $740M in deposits and $200M in loans, plus branch facilities and assets.
Closing expected by early Q4 2025, subject to regulatory approvals and customary conditions.
Enterprise pro forma: AZ deposits ~$1.3B (12 branches); Kansas City ~$1.1B (9 branches).
First Interstate says deal provides opportunity to shift capital and drive growth in higher-market-share areas.

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