FIRST INTERSTATE BANCSYSTEM, INC. (NASDAQ:FIBK) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On April27, 2018, First Interstate BancSystem, Inc. (the “Company”) announced the appointment of Kade Peterson, age 53, to serve as its Executive Vice President and Chief Information Officer, effective May 21, 2018.
Mr. Peterson has over 25 years of technology and operational experience in the financial industry, most recently as Senior Vice President and Chief Information Officer of MidSouth Bank in Lafayette, Louisiana since 2016. Prior to 2016, Mr. Peterson was Executive Vice President and Chief Operations Officer for USAmeriBank in Tampa, Florida from 2014-2016 and Executive Vice President of Operations and Technology of Sterling Bank in Spokane, Washington from 2010-2014.
Mr. Peterson will be entitled to annual base compensation of $230,000, a hiring bonus of $30,000, participation in the Company's incentive bonus plans, with the amount of bonuses based upon achievement of Company-wide goals, and additional benefits as are customarily offered to the Company's executives.
A copy of the press release announcing this appointment is furnished herewith as Exhibit 99.1 and is incorporated herein by reference.
Item 5.02 Financial Statements and Exhibits.
FIRST INTERSTATE BANCSYSTEM INC ExhibitEX-99.1 2 ex991-fibkx20180427x8kprxp.htm EXHIBIT 99.1 Exhibit For Immediate ReleaseFirst Interstate BancSystem,…To view the full exhibit click here
About FIRST INTERSTATE BANCSYSTEM, INC. (NASDAQ:FIBK)
First Interstate BancSystem, Inc. is a financial and bank holding company. The Company, through its bank subsidiary First Interstate Bank (the Bank), delivers a range of banking products and services to individuals, businesses, municipalities and other entities. The Company operates through community banking segment. Its community banking segment provides customers with commercial and consumer banking products and services in its market areas through community service activities. The Company also offers Internet and mobile banking services. In addition to its primary emphasis on commercial and consumer banking services, the Company also offers trust, employee benefit, investment and insurance services through its bank subsidiary. It operates approximately 80 banking offices, including detached drive up facilities, in over 40 communities located in Montana, Wyoming and western South Dakota.
