Company Research Report: First Interstate Bank
Company Overview
- Name: First Interstate Bank
- Mission: "We help people and their money work better together."
- Vision: To be the most relevant everyday experience our clients have with their money.
- Values:
- People First, Always
- Seek Greatness
- Integrity
- Celebrate Success
- Commitment to Community
- Founded: 1968
- Founder: Homer Scott, Sr.
- Headquarters: Billings, Montana
- Key People:
- James A. Reuter (President and CEO)
- Stephen B. Bowman (Chairman of the Board)
- Amberly Pahut (Executive Director, First Interstate BancSystem Foundation)
- Marcy Mutch (Chief Financial Officer)
- Number of Employees: Over 3,500 employees across 14 states
- Revenue: No information is available
- Company Highlights: Known for being a community bank that emphasizes strong relationships with their clients and community, First Interstate Bank offers diverse products and services tailored to meet the diverse needs of the communities they serve.
Products
First Interstate Bank offers a range of financial products and services, but specific products are not detailed in the given information. Here is what is inferred about their services:
- Personal and Business Banking: Encompassing daily banking needs from personal accounts to business solutions.
- Financial Education Programs: Such as Teach Children to Save, Get Smart About Credit, and Safe Banking for Seniors.
- Community Support Programs: Including financial education and philanthropic initiatives.
No detailed descriptions, key features, or product lists are available from the provided data.
Recent Developments
- New Leadership: James A. Reuter became President and CEO on November 1, 2024.
- Philanthropic Efforts:
- In November 2024, alongside the First Interstate BancSystem Foundation and the Federal Home Loan Bank (FHLB) of Des Moines, First Interstate Bank awarded over $980,000 to 33 Washington nonprofits.
- Recognition:
- In November 2024, the American Bankers Association (ABA) awarded First Interstate an Honorable Mention in Financial Education for their comprehensive financial education programs.
- Community Engagement: Launched initiatives like Neighbors Feeding Neighbors and Coats and More, significantly contributing to community welfare.
- Scam Awareness: On January 24, 2025, they warned against scammers impersonating their customer service, providing safety tips to avoid fraud.
Conclusion
This report outlines the significant aspects of First Interstate Bank, focusing on its vision, values, community involvement, recent leadership changes, and recognitions. It reflects the bank's commitment to its foundational values, community service, and client relationship-building. However, specified product features and financial metrics are not available in the provided information.
