Upon completion of this merger, First Interstate will have total assets of approximately $8.2 billion and gain the #1 deposit market share in the state of Montana. First Interstate expects the transaction to be immediately accretive to earnings per share. The transaction, unanimously approved by the boards of directors of both companies, is subject to regulatory approval and approval by the shareholders of Mountain West. Completion of the acquisition is expected by mid-2014.First Interstate management will review additional information regarding the transaction in a conference call beginning at 10:00a.m. Mountain Time on Tuesday, February 11, 2014. The call may be accessed by dialing 1-888-317-6016. To participate via the Internet, log on to www.FIBK.com. A replay will be available approximately one hour after the end of the conference call by dialing 1-877-344-7529. The conference ID is 10041082. The call will also be archived on our website, www.FIBK.com.
First Interstate BancSystem, Inc. Agrees To Acquire Helena-based Mountain West Financial Corp.
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