Security First to acquire 11 Nebraska branches from First Interstate

RAPID CITY, S.D. & BILLINGS, Mont. - Security First Bank has signed a purchase and assumption agreement to acquire 11 Nebraska branches from First Interstate Bank, a subsidiary of First Interstate BancSystem, Inc. (NASDAQ:FIBK), according to a press release statement.

The transaction includes approximately $280 million in deposits and $70 million in loans as of September 30, 2025. The branches being acquired are located in Alliance, Norfolk, Atkinson, O’Neill, Broken Bow, Ord, Burwell, Scottsbluff, Callaway, Sidney, and McCook.

Following regulatory approval, the transaction is expected to close in early 2026, at which point the branches will be converted to Security First operations. The acquisition will expand Security First’s Nebraska presence to 34 full-service branch locations.

Gregory A. Hunter, Chief Executive Officer of Security First Bank, said, "We’re thrilled to welcome these First Interstate branches into our family and deepen Security First’s roots across Nebraska."

James A. Reuter, President and Chief Executive Officer of First Interstate, stated the agreement provides "an opportunity for us to redeploy capital with the goal of accelerating growth in our strongest markets."

Security First is a Nebraska-chartered, privately held community bank with $2.042 billion in assets as of September 30, 2025. The bank currently operates 25 branch locations throughout Nebraska and southwest South Dakota.

First Interstate BancSystem, Inc. is a financial services holding company headquartered in Billings, Montana, with $27.6 billion in assets as of June 30, 2025. The company operates across 12 western and midwestern states.

The transaction remains subject to regulatory approval and customary closing conditions.

In other recent news, First Interstate BancSystem Inc. announced its second-quarter earnings for 2025, revealing a significant enhancement in its financial performance. The company reported a net income of $71.7 million, or $0.69 per diluted share, which marked an increase from $50.2 million, or $0.49 per diluted share, in the first quarter of the same year. This improvement in earnings is a notable development for investors keeping an eye on the company’s financial health. The reported figures indicate a positive trajectory in the company’s profitability. While the stock price movement is not the focus, the earnings results reflect a strong quarter for First Interstate BancSystem. These results are crucial for investors, as they provide insight into the company’s operational success. The earnings announcement is part of the recent developments surrounding First Interstate BancSystem, which investors may find encouraging.

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