Did Wells Fargo buy First Interstate Bank?

1996. In 1996, Wells Fargo acquired First Interstate Bancorp, but not our bank. Instead, we obtained an exclusive license to use the “First Interstate” name and logo in Montana, Wyoming, and the neighboring states of Idaho, Utah, Colorado, Nebraska, South Dakota, and North Dakota.

What states have First Interstate Bank?

It is the parent company of First Interstate Bank, a community bank with locations throughout Idaho, Montana, Oregon, South Dakota, Washington, and Wyoming….First Interstate BancSystem.

Type	Public
Founded	Sheridan, Wyoming, United States (1968)
Headquarters	First Interstate Center Billings, Montana, USA
Number of locations	150

How many locations does First Interstate Bank have?

150First Interstate BancSystem / Number of locations

What year did First Interstate Bank become Wells Fargo?

First Interstate Bancorp was a bank holding company based in the United States that was taken over in 1996 by Wells Fargo. Headquartered in Los Angeles, it was the nation’s eighth largest banking company.

What happened to First Interstate Bank in California?

First Interstate Bancorp was a bank holding company based in the United States that was taken over in 1996 by Wells Fargo….First Interstate Bancorp.

Trade name	First Interstate Bank
Founded	July 1, 1958 in Los Angeles, California
Defunct	April 1, 1996
Fate	Acquired by Wells Fargo
Successor	Wells Fargo First Interstate BancSystem

What was First Interstate Bank before it was first interstate?

First Interstate initially was called Firstamerica Corp., then Western Bancorporation in 1961. It adopted its current name in 1981.

Who is the CEO of First Interstate Bank?

Kevin P. Riley (Sep 23, 2015–)First Interstate BancSystem / CEO

Is First Interstate Bank a good bank?

First Interstate Bank is headquartered in Billings and is the 2nd largest bank in the state of Montana. It is also the 104th largest bank in the nation. It was established in 1916 and as of September of 2021, it had grown to 2,224 employees at 149 locations. First Interstate Bank has an A health rating.

When did United California bank become First Interstate Bank?

First Interstate Bancorp

Trade name	First Interstate Bank
Founded	July 1, 1958 in Los Angeles, California
Defunct	April 1, 1996
Fate	Acquired by Wells Fargo
Successor	Wells Fargo First Interstate BancSystem

What happened to First Interstate Bank?

Why did Security Pacific Bank close?

(San Francisco, CA) – California Department of Financial Institutions (DFI) announced today that regulators have closed Security Pacific Bank, citing inadequate capital. The DFI has been closely monitoring the bank and had ordered it to increase its capital reserves to a safe and sound level.

Who did First Interstate Bank merger with?

First Interstate Bancorp

Trade name	First Interstate Bank
Defunct	April 1, 1996
Fate	Acquired by Wells Fargo
Successor	Wells Fargo First Interstate BancSystem
Headquarters	Los Angeles, California