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401 North 31st St.
Billings, MT 59101

First Interstate Bank is headquartered in Billings and is the largest bank in the state of Montana. It is also the 112th largest bank in the nation. It was established in 1916 and as of December of 2017, it had grown to 2,049 employees at 135 locations. First Interstate Bank has an A+ health rating.

Reviews (3)

Review of banking with First Interstate Bank

My wife and I have been banking with First Interstate Bank for over 7 years now. Frankly we've been impressed with nearly everything they've done for us. We have a checking account, a savings account, and 2 other personal checking accounts, and everything has worked well for us for years now. Their online site is easy to use for the most part. I wouldn't say it's the most outstanding website I've ever used, but it's adequate for what you need, which is all a bank should really have anyway. Their rates are pretty competitive with industry standards. It's quite easy to make internal and external transfers to get money moved around where we need it. We haven't used the online bill pay option, but it is available. It is also very easy to get enrolled in e-statements and they are always easily accessible whenever I need to get a bank statement. As far as we are concerned, they have a very good security system in place to keep our private banking information and account numbers from being hacked. We have been happy banking with First Interstate Bank and plan to continue using them in the future.

Great Bank, Highly Recommend

Posted by: NLCanCan | Nov 4, 2016

I have kept my money in several other banks in the valley, but this is my favorite by far. Their online banking is accessible and easy to use both on my PC and phone. They even have a feature where you can deposit a check remotely through the online banking app using photos. They have extremely reasonable fees, and even their overdraft charges are minimal. The customer service is also always excellent. I plan on banking with this institution for a long time.

Worst Fees Ever

I have been banking with First Interstate Bank for about 8 years now. They have been a good bank for the most part however, in the past year so they have been making some dumb decisions. First, they have not updated their banking website in years. Another bad thing is when I opened up a savings account this year, I deposited a substantial amount of money from my checking account into my banking account ($1000+) and then was told I would be receiving paperwork and that I would need to sign. We get the paperwork 2 weeks later on the day of the deadline for bringing them in. I had to leave work to go sign these papers. But, the single worst thing about this bank the worst ever is their huge lack of communication. I would get random declines on my debit card in the past year due to their new system "checking" for fraud. I'd have to call then go into their branch and sign some papers. The transactions were local by the way. This is yet another time I had to go in. The next huge bad thing happened when I all of a sudden received an Uncollected Items fee for $30. I asked what it was for they told me it was because I didn't have any money in my account. I told them I made a deposit yesterday so they refunded the fee. Well 6 months down the line I get another Uncollected Items fee when this time, they said it was valid because I used my debit card when the funds in my bank weren't quite available. This bothered me because for one, this was not the case in the past and also on my online account it clearly shows the money deposited. Well something changed in the past 6 months and now I wasn't able to use my debit card until the next day even though it showed the funds deposited online. I asked the customer service rep how would I know if its available yet? She told me to call and I said I deposit checks all the time and cannot be calling every single time and also why wasn't I notified? I told her that the last customer service rep removed that fee and she told me they were unauthorized to do that and they shouldn't have done that. I submitted a complaint over this and have to this day not received anything back. The fee is still charged to my account. So in the end, their software seems outdated, they have a horrible time communicating and the customer service is patronizing. I could not recommend banking with this institution.


Health Grade Components

FDIC Certificate #1105
Year Established1916
Primary RegulatorFED
Profit Margin
Return on Assets - YTD1.12%
Return on Equity - YTD9.75%
Annual Interest Income$358.3MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$12.15B$9.04B
LoansQ4 2017vs Q4 2016$7.54B$5.40B
DepositsQ4 2017vs Q4 2016$9.93B$7.38B
Equity CapitalQ4 2017vs Q4 2016$1.43B$930.7MM
Loan Loss AllowanceQ4 2017vs Q4 2016$72.1MM$76.2MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$64.3MM$73.7MM
Real Estate OwnedQ4 2017vs Q4 2016$10.1MM$10.0MM
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First Interstate Bank CD Rates

2.00%$1k-37 Month CD Special
1.65%$1k-25 Month CD Special
1.25%$1k-17 Month CD Special