secwatch.observer — SEC 8-K summary
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Issuer:     FIRST INTERSTATE BANCSYSTEM INC (FIBK)
CIK:        0000860413
Form:       8-K
Filed at:   2022-02-01T23:59:59+00:00
Accession:  0000950103-22-001727
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 2.01, 2.03, 5.02, 5.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Interstate completes $2.0B merger with Great Western; 0.8425 exchange ratio
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- Total aggregate consideration ~47M shares of FIBK Class A common stock; implied total value ~$2.0B.
- Five Great Western directors join FIBK board: Brannen, Grieb, Henning, Lacy, Rykhus; five GWB executives depart.
- FIBK assumes $83.8M in trust preferred securities and $35M subordinated notes; plans to redeem 2025 notes.
- Authorized shares of Class A common stock increased from 100M to 150M; bank systems conversion expected May 2022.
- Financial statements to be filed by amendment within 71 days; GWB delisted from NYSE.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/860413/000095010322001727/0000950103-22-001727-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/860413/000095010322001727/dp16234_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-22-001727

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