First Interstate Bank
First Interstate Bank, headquartered in Billings, Montana, is a community-focused bank and financial services company, part of First Interstate BancSystem, Inc. Founded in 1968 by Homer Scott, Sr., the firm delivers banking, wealth management, trust, and investment services across the western United States. With several hundred branches and a robust employee base, the institution provides personal and business banking, asset management, and digital wealth solutions to individuals, families, businesses, foundations, and institutions.
Investment Strategy
First Interstate Bank's Wealth Management and Investment Services offer a disciplined, client-centered approach focused on strategic and tactical asset allocation to optimize diversification. Portfolio strategies are tailored to client objectives, risk tolerance, and time horizon, employing a combination of qualitative analysis and experienced judgment. Their financial consultants provide personalized planning using mutual funds, ETFs, and other investment vehicles. Compliance with investment policy statements and ongoing performance monitoring are emphasized, with additional resources dedicated to helping institutional clients create spending and gifting policies, manage fiduciary duties, and ensure operational efficiencies.
Top Holdings
Equity Positions (181)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
V VCIT | VANGUARD SCOTTSDALE FDS | 8.50% | $144.6M | 1,744,398 | $87.50 | $82.92 | -$20.4M |
F FIBK | FIRST INTST BANCSYSTEM INC | 8.34% | $141.9M | 4,923,991 | $36.99 | $28.82 | -$2.9M |
R RSP | INVESCO EXCHANGE TRADED FD T | 8.01% | $136.4M | 750,597 | $175.56 | $181.74 | -$5.6M |
I IVV | ISHARES TR | 7.36% | $125.3M | 201,788 | $432.15 | $620.90 | +$9.7M |
V VGIT | VANGUARD SCOTTSDALE FDS | 5.77% | $98.2M | 1,642,627 | $59.18 | $59.81 | +$1.5M |