First Interstate appoints sole CBO; Co-CBO Asker transitions to advisor

FIRST INTERSTATE BANCSYSTEM INC

Lorrie Asker stepped down as Co-CBO on Nov 14, 2025; will serve as executive advisor to CEO through Q1 2026.
Chris Shepler named sole Chief Banking Officer; entered employment agreement with $480,000 base salary.
Shepler granted performance-based RSUs with $50,000 grant date value.
Shepler's agreement includes severance: 1x salary plus avg bonus (non-cause), or 2x salary plus 2x target bonus (change in control).

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