First Interstate BancSystem (FIBK) Misses Q1 EPS by 3c

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Go back to First Interstate BancSystem (FIBK) Misses Q1 EPS by 3c

UPDATE: First Interstate BancSystem (FIBK) Reports Agreement to Acquire Northwest Bancorporation Inc. (NBCT) for $160.9M in Shares at $21.03/Sh

April 25, 2018 5:05 PM EDT

(Updated - April 25, 2018 5:05 PM EDT)

First Interstate BancSystem, Inc. (NASDAQ: FIBK) and Northwest Bancorporation, Inc. (NBCT) today announced that they have entered into a definitive agreement under which First Interstate, parent company of First Interstate Bank, will acquire Northwest, parent company of Inland Northwest Bank (INB), in an all-stock transaction valued at approximately $160.9 million in aggregate, or $21.03 per share. The transaction complements First Interstates footprint, which successfully expanded from the Mountain West to the Pacific Northwest with the completion of the Cascade Bancorp acquisition in May 2017, and provides First Interstate with a presence in... More