First Interstate BancSystem, Inc. Announces Preferred Stock Redemption

First Interstate BancSystem, Inc. Announces Preferred Stock Redemption

BILLINGS, Mont.--(BUSINESS WIRE)-- First Interstate BancSystem, Inc. (NAS: 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:

The article First Interstate BancSystem, Inc. Announces Preferred Stock Redemption originally appeared on Fool.com.

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.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.