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. Announces Preferred Stock Redemption
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