First Interstate BancSystem, Inc. · Billings, MT United States
Company Description
View First Interstate BancSystem, Inc. Locations On A US Map
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This link will open in a new window This Treasure State bank wants to be your treasury. First Interstate BancSystem is the holding company for First Interstate Bank, First Western Bank and The First Western Bank Sturgis, which have around 70 branches in Montana, South Dakota, and Wyoming. It offers individuals and businesses traditional banking services, including deposit accounts, insurance, and agricultural, consumer, commercial, and mortgage loan products. It also offers trust and wealth management services. Commercial real estate loans make up more than 25% of the bank's loan portfolio; other loans include farm and home loans. To read the full description, subscribe now.
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Key First Interstate BancSystem, Inc. Financials
| Company Type | Private Headquarters |
| Fiscal Year-End | December |
| 2007 Sales (mil.) | $418.0 |
| 2007 Employees | 1,858 |
First Interstate BancSystem, Inc. Executives
21 executives listed for First Interstate BancSystem, Inc.'s Billings, MT location.
| Title | Name & Bio | Contact |
| Chairman | Thomas Scott | Network |
| Vice Chairman | James Scott | Network |
| President, CEO, and Director | Lyle Knight | Network |
Competition
Competitive Landscape for First Interstate BancSystem, Inc.
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top First Interstate BancSystem, Inc. Competitors
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