First Interstate Bank

Community Bankingfirstinterstatebank.com

First Interstate Bank is a $26.6B-asset publicly traded regional community bank (NASDAQ: FIBK) operating 273 branches across 10 Mountain West and Pacific Northwest states, serving consumers, small and mid-sized businesses, agricultural borrowers, and institutional clients with deposit, lending, treasury, and wealth management products.

Company typePublic
Founded1968
HeadquartersBillings, United States
Headcount1,001–5,000
GTM typeB2B and B2C
OfferingServices

First Interstate Bank firmographics

Firmographics

Name: First Interstate Bank
Legal name: First Interstate BancSystem
Website: https://firstinterstatebank.com
Company type: Public
Founded year: 1968
Operating status: Operating
Headcount range: 1,001–5,000 employees
Short description: First Interstate Bank is a $26.6B-asset publicly traded regional community bank (NASDAQ: FIBK) operating 273 branches across 10 Mountain West and Pacific Northwest states, serving consumers, small and mid-sized businesses, agricultural borrowers, and institutional clients with deposit, lending, treasury, and wealth management products.
Ownership category
akta.pro rank

First Interstate Bank industry classification

Industry

Product category: Community Banking
NAICS: Depository Credit Intermediation (5221), Commercial Banking (52211)
SIC: State Commercial Banks (6022)
akta.pro industry: PRIMARYFSABAAAA
Mass-Market Consumer Deposit Banking (Checking/Savings)
Financial & Insurance/Banking (Commerical, Retail & Consumer)/Retail Banking
SECONDARYFSABAAAB
Retail Lending (Personal Loans, Auto, Credit Lines)
Financial & Insurance/Banking (Commerical, Retail & Consumer)/Retail Banking

Keywords

Retail banking services
Commercial lending
Wealth management
Treasury solutions
Community banking

Where First Interstate Bank is headquartered

Location

Headquarters

HQ city: Billings
HQ country: United States
HQ region: North America

Offices6 records

Markets served

First Interstate Bank business model

Business model

GTM type: B2B and B2C
Offering type: Services
Cost components: Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

Interest Income: Traditional banking revenue from interest earned on loans including commercial loans, agricultural loans, home mortgages, auto loans, and consumer credit.
Non-Interest Income: Fee-based income from banking services including account fees, merchant services, treasury solutions, wealth management services, credit card interchange, and other financial services.
Wealth Management Fees: Advisory and management fees from personal and business wealth management services including trust services, retirement planning, and investment services.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels4 records

First Interstate Bank product offering

Product offering

Core offering

First Interstate Bank is a community banking organization that provides a comprehensive suite of consumer and business banking products and services. Core offerings include deposit products (checking, savings), consumer and commercial lending (home mortgages, jumbo loans, auto loans, commercial loans, SBA loans, agriculture lending, debt consolidation, home equity lines), credit cards, treasury management solutions (merchant services, remote deposit capture, positive pay, lockbox), wealth management, investment services, and digital banking channels (online and mobile).

Product overview

First Interstate Bank offers a comprehensive community banking platform with consumer and business banking products organized across several core categories. Consumer Banking includes checking (Orange Checking), savings, credit cards (Everyday Rewards+ Card), debit cards, and specialty services like escrow and foreign currency. Digital Banking channels encompass Online Banking and Mobile Banking apps for iOS and Android. Lending Products span home mortgages including Jumbo Loans, auto loans, debt consolidation, and home equity lines of credit for consumers, plus commercial loans, SBA loans, and agriculture lending for businesses. Treasury Solutions provide business cash management through remote deposit capture, merchant services, positive pay fraud protection, lockbox processing, and business sweep accounts. Wealth Management services include investment services, digital wealth services, and retirement planning for individuals, while Business Wealth Management covers retirement plans, exit planning, and specialized services for foundations and institutions. The bank operates 273 branches across 10 states (Colorado, Idaho, Iowa, Missouri, Montana, Nebraska, Oregon, South Dakota, Washington, and Wyoming) and has partnered with Prolific Banking for treasury onboarding automation and participates in Fiserv's agentOS AI platform for agentic banking capabilities.

Differentiator

Problem solved

Functional benefit

Products and services

Orange Checking Personal checking account with no minimum balance and no service charge when enrolled in Online Banking and eStatements, available to individual retail banking customers.
Online Banking Digital banking platform enabling customers to access accounts, pay bills, transfer funds, open accounts online, and manage finances via web browser.
Mobile Banking
Home Loans
Jumbo Loans
Auto Loans
Debt Consolidation
Home Equity Lines of Credit
Wealth Management
Investment Services
Digital Wealth Services
Credit Cards (Everyday Rewards+ Card) Personal credit card products including the Everyday Rewards+ Card offering 4X points on dining, takeout, and restaurant delivery purchases.
Escrow Services
Overdraft Protection
Foreign Currency Exchange
Business Checking
Commercial Loans
SBA Loans
Agriculture Lending
Treasury Solutions
Remote Deposit Capture
Merchant Services
Positive Pay
Lockbox Remittance Processing
Business Wealth Management
MoneyPass ATM Network

Companies that use First Interstate Bank

Customer profile

Named customers2 records

Segments4 records

Ideal customer profiles3 records

First Interstate Bank technology and API

Technology

Technology focussed No

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability5 records

First Interstate Bank partnerships and signals

Strategic signal

Partnerships

Five partnerships are on record, tiered core and minor.

FiservcoreTechnology or Integration · 14 May 2026First Interstate Bank is one of six financial institutions co-developing AI agents with Fiserv through the agentOS platform. First Interstate is already running AI agent pilots in beta as of May 2026, contributing to the development of bank-grade AI capabilities for core banking and payments operations. The partnership involves strategic collaboration with OpenAI and AWS supporting the agentOS platform.
OpenAIcoreTechnology or Integration · 14 May 2026OpenAI is a strategic collaboration partner supporting the Fiserv agentOS platform that First Interstate Bank is co-developing AI agents on. The collaboration provides AI capabilities and infrastructure for agentic AI in banking workflows.
Amazon Web Services (AWS)coreTechnology or Integration · 14 May 2026AWS is a strategic collaboration partner supporting the Fiserv agentOS platform that First Interstate Bank is co-developing AI agents on. AWS provides cloud infrastructure and services for the agentic AI operating system.
Smithsonian InstitutionminorGTM or Marketing Partner · 5 May 2026First Interstate Bank partnered with the Smithsonian Institution for an internship program, demonstrating commitment to education and cultural enrichment in the communities served.
WesBancominorOthers · 24 April 2026WesBanco appointed Nathan Jones, formerly Chief Risk Officer at First Interstate Bank, as their new CRO, succeeding Mike Perkins. This represents a leadership talent transition from First Interstate to WesBanco.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

First Interstate Bank competitors and assessment

Company assessment

Direct peers

Glacier Bancorp: Montana-headquartered community bank holding company with a comparable Mountain West footprint and similar mix of consumer, commercial, and agricultural lending. Most directly comparable peer given overlapping geography and asset scale profile.
Cullen/Frost Bankers: Texas-based regional bank holding company of similar size with a community banking model, relationship-driven commercial lending, and treasury management offerings that directly mirror FIBK's product set.
Commerce Bancshares: Mid-cap regional bank holding company with a comparable mix of consumer, commercial, and wealth management banking, operating across multiple Midwestern states with similar community banking DNA.
Pinnacle Financial Partners: Tennessee-based regional bank of similar asset size with relationship-focused commercial banking and a growing presence in consumer and wealth segments — a direct comparable on community banking model and scale.
UMB Financial: Midwest-focused regional bank with comparable asset size, commercial and consumer banking, treasury solutions, and institutional/corporate trust services that overlap with FIBK's business wealth offering.
WesBanco: Multi-state regional bank with community banking model, commercial lending, and wealth management. Notable direct peer because it hired FIBK's former CRO, indicating overlap in talent markets and competitive positioning.
Old National Bancorp: Mid-sized regional bank holding company with similar community banking approach, broad consumer/commercial product set, and wealth management services across Midwestern markets.
Cadence Bank: Regional bank holding company offering commercial banking, treasury management, and wealth services across the South and Texas — comparable mid-cap regional model with similar fee-income mix.

Broad incumbents

Bank of Hawaii: Established community/regional bank with comparable size and a focus on consumer, commercial, and wealth management — broader in geography but similar business model and customer relationship orientation.
First Horizon Corporation: Larger regional bank holding company with consumer, commercial, and wealth banking across the Southeast. Larger scale makes it a broader incumbent but with overlapping product capabilities and customer segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

First Interstate Bank compliance and trust

Trust signal

Compliance3 records

First Interstate Bank financial estimates

Financial estimate

Revenue estimate

Valuation estimate

First Interstate Bank leadership team

Management profile

Number of profiles

Profiles9 records

First Interstate Bank funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

First Interstate Bank M&A and investment

M&A and investment

M&A4 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about First Interstate Bank

What does First Interstate Bank do?

Is First Interstate Bank a public or private company?

First Interstate Bank is a public company. It is classified as public and is currently operating.

When was First Interstate Bank founded?

First Interstate Bank was founded in 1968. It employs 1,001 to 5,000 people.

Where is First Interstate Bank based?

First Interstate Bank is headquartered in Billings, United States, in the North America region.

How does First Interstate Bank make money?

Three revenue lines are on record. Interest Income is the primary driver. The others are non-Interest Income and wealth Management Fees.

Who are First Interstate Bank's main competitors?

Direct peers on record are Glacier Bancorp, Cullen/Frost Bankers, Commerce Bancshares, Pinnacle Financial Partners, UMB Financial, WesBanco, Old National Bancorp and Cadence Bank. Broad incumbents are Bank of Hawaii and First Horizon Corporation.

Does First Interstate Bank have an API?

No public API is recorded for First Interstate Bank.

What industry is First Interstate Bank in?

First Interstate Bank's product category is Community Banking. Its primary akta.pro industry code is FSABAAAA, Mass-Market Consumer Deposit Banking (Checking/Savings), with a secondary code of FSABAAAB, Retail Lending (Personal Loans, Auto, Credit Lines). Its NAICS code is 5221 and its SIC code is 6022.