NasdaqGS:FIBKBanks
Can First Interstate BancSystem’s (FIBK) Recent Moves Reveal a New Phase in Capital Discipline?
First Interstate BancSystem, Inc. recently redeemed all of its outstanding 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030 and appointed Michael L. Scudder, former Executive Chairman of Old National Bancorp, to its board of directors.
This move signals a potential strengthening of the company's balance sheet and governance, supported by the addition of an industry veteran with extensive experience in commercial banking leadership.
We’ll examine how the redemption of subordinated...