secwatch.observer — SEC 8-K summary
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Issuer:     FIRST INTERSTATE BANCSYSTEM INC (FIBK)
CIK:        0000860413
Form:       8-K
Filed at:   2025-04-28T23:59:59+00:00
Accession:  0000860413-25-000051
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/860413/000086041325000051/0000860413-25-000051-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/860413/000086041325000051/fibk-20250428.htm
  HTML page:      https://secwatch.observer/filing/0000860413-25-000051

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer