March 30, 2010 (FinancialWire) — First Interstate BancSystem, Inc. (NASDAQ: FIBK), a financial and bank holding company, has completed its initial public offering of ten million shares of class A common stock, and an additional 1.5 million shares of class A common stock due to the full exercise of the underwriters' option to purchase such shares in the offering.

Barclays Capital (NYSE: BCS) acted as the sole book-runner for the offering.

First Interstate received net proceeds of around $153.3 million from the sale of its shares.

Montana-based First Interstate Bank is a multi-state banking organization that has evolved since 1968 from a single bank in Sheridan, Wyoming to operating 72 branches and over 100 ATMs in Montana, Wyoming, and South Dakota.

First Interstate Bank is the principal subsidiary of First Interstate BancSystem

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