First Interstate BancSystem, Inc. Announces Preferred Stock Redemption

First Interstate BancSystem, Inc. Announces Preferred Stock Redemption

BILLINGS, Mont.--(BUSINESS WIRE)-- First Interstate BancSystem, Inc. (Nasdaq: FIBK  ) announced today that it will redeem all $50 million of its outstanding 6.75% Series A noncumulative redeemable preferred stock for cash, with a planned redemption date of January 18, 2013. The redemption price will be $10,000 per share, plus any accrued and unpaid dividends. As of December 18, 2012, First Interstate had 5,000 shares of Preferred Stock outstanding.

First Interstate BancSystem, Inc. is a financial services holding company, headquartered in Billings, Montana, with $7.3 billion in assets as of September 30, 2012. It is the parent company of First Interstate Bank, a community bank operating 72 offices throughout Montana, Wyoming, and South Dakota. A recognized leader in community banking services with 24 consecutive years of profitability, First Interstate remains a family business whose culture is driven by strong family and corporate values, as well as a commitment to long-term organic growth, exemplary customer service, exceeding customer expectations through its products and services and supporting with leadership and resources the communities it serves.



First Interstate BancSystem, Inc.
Investor Relations
Marcy Mutch, +1 406-255-5322
investor.relations@fib.com

KEYWORDS:   United States  North America  Montana

INDUSTRY KEYWORDS:

Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2160657, ~/Articles/ArticleHandler.aspx, 9/30/2014 6:43:40 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...