BILLINGS, Mont.--(BUSINESS WIRE)--
First Interstate BancSystem, Inc. (NASDAQ:FIBK), parent company of First
Interstate Bank, has been named one of the best banks in America by
“First Interstate is driven by strong family and corporate values as
well as a commitment to long-term organic growth and exemplary customer
service,” said Ed Garding, President and CEO of First Interstate Bank.
“To be recognized by Forbes as one of the best banks in America is a
testament to our values-based culture, which is the foundation of our
To determine America’s best banks, Forbes ranked the 100 largest
publicly traded banks (ranging in asset size from $5.9 billion to $2.5
trillion) based on the following metrics: return on average equity, net
interest margin, nonperforming loans (NPLs) as a percentage of loans,
nonperforming assets as a percentage of assets, reserves as a percentage
of NPLs, two capital ratios (Tier 1 and risk-based), and leverage
ratio. In addition, revenue growth for the latest 12 months was also
First Interstate BancSystem, Inc. is a financial services holding
company, headquartered in Billings, Montana, with $7.6 billion in assets
as of December 31, 2013. It is the parent company of First Interstate
Bank, a community bank operating 74 banking offices, along with online
and mobile banking services, throughout Montana, Wyoming, and South
Dakota. As a recognized leader in community banking services with 26
consecutive years of profitability, First Interstate remains committed
to exceeding customer expectations through its products and services and
supporting, with leadership and resources, the communities it serves.
First Interstate BancSystem, Inc.
Marcy Mutch, +1-406-255-5322
Source: First Interstate BancSystem, Inc.