On April 28, 2025, First Interstate Bank, Billings, Montana, entered into a definitive agreement to sell twelve branches – its ten Arizona branches and two Kansas branches – to Enterprise Bank & Trust, Clayton, Missouri. Under the agreement, First Interstate Bank will sell the branch facilities together with approximately $740 million in deposits and $200 million in loans.

First Interstate Bank, the wholly owned subsidiary of First Interstate BancSystem, Inc., operates in Arizona, Colorado, Idaho, Iowa, Kansas, Minnesota, Missouri, Montana, Nebraska, North Dakota, Oregon, South Dakota, Washington, and Wyoming. First Interstate BancSystem, Inc. has approximately $29.1 billion in assets.

Luse Gorman is serving as legal counsel to First Interstate Bank in the transaction. The Luse Gorman team consisted of Scott Brown, Zac Davis, Max Seltzer and Brendan Clegg.

Luse Gorman has acted as counsel on more than 100 bank M&A transactions during the past seven years and on more bank M&A transactions than any other law firm in the nation over the past 20 years. To learn more about our mergers and acquisitions practice, please visit our website.