Why one regional bank is shrinking after years of rapid growth
First BankFirst Bank(US:FRBA) American Banker·2026-02-05 22:07

Key insight: First Interstate in Montana, which spent years growing through acquisitions, is taking a decidedly different approach under CEO Jim Reuter.What's at stake: The bank's balance sheet has already gotten smaller, as First Interstate closes branches and intentionally allows some loans to run off. The business will continue to shrink before it eventually gets larger, according to Reuter.Forward look: Some analysts are wondering if First Interstate is setting itself up to be an acquisition target. The ...