D.A. Davidson & Co. has served as exclusive financial advisor to Flathead Bank of Bigfork in its proposed sale to First Interstate Bank System Inc. (NASDAQ: FIBK), the parent company of First Interstate Bank. The companies announced this week that they have signed a definitive agreement to join forces.
Flathead Bank has total assets of $231.6 million and operates seven branches throughout western and northwestern Montana. First Interstate Bank is an $8.6 billion community banking company, operating over 80 offices in Montana, Wyoming and South Dakota.
Full details can be found here.