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First Interstate Bancorp was a bank holding company based in the United States.Headquartered in Los Angeles, it was the nation's eighth largest banking company. [1]Although First Interstate Bancorp was taken over by Wells Fargo in 1996, the name (along with the company logo) has continued to be used in the banking world by First Interstate BancSystem, who has been using the name under a ...
Instead, the Montana organization successfully negotiated to retain the well-known First Interstate name and logo. [3] In 2017, the company retained the rights to use the First Interstate name and logo in all 50 states. [1] By the end of 1999, First Interstate had grown to 42 branches through a combination of de novo start-ups and acquisitions. [1]
Early Minneapolis business and political leaders Dorilus Morrison and Henry T. Welles were the bank's first two presidents. Initially the bank was heavily supported by the Northern Pacific Railroad, but as the city and region grew the bank's deposits and assets grew in kind. Between 1872 and 1892 the bank's deposits increased from $50,000 to $3 ...
At the time of the acquisition in 1998, First Commerce was the largest Louisiana-based financial institution in the state. The acquisition included the lead bank First National Bank of Commerce plus five other regional banks with a combined total of 144 banking offices. [93] [94] [95] All of the acquired banks were consolidated into Bank One ...
The bank's first acquisition out of state was the failing First National Bank of Crosby, Texas in February 1987. Central Bancshares became the first bank in Alabama to own a bank in another state and the first out-of-state bank to own a bank in Texas. [1] D. Paul Jones took over the CEO position from Brock in 1991. [6]
In March 1987, the company expanded into the state of Colorado through the acquisition of the insolvent two-office First Security Savings & Loan Association of Grand Junction, Colorado. [12] In October 1987, Great American expanded into the Pacific Northwest through the acquisition of Capital Savings Bank of Olympia, Washington. At the time of ...
Originally named the First National Bank Tower, the building opened on April 17, 1972, [6] and was formally dedicated on May 25, 1972. [ 7 ] [ 8 ] At that time, the bank occupied the first 21 floors of the tower and the entire connected, five-story building, which is known as the Data Processing Building. [ 7 ]
In 2010, Great Western took over the failed Lincoln, Nebraska-based TierOne Bank. [6] In November 2015, Great Western announced the acquisition of Sioux Falls-based HF Financial Corp., the parent company of Home Federal Bank. [7] In 2021, Great Western Bank signed a definitive agreement to merge with Montana-based First Interstate BancSystem. [8]