- Google Street View
- Bank of the Cascades, W. Idaho Street, Boise.
If the acquisition is approved by the feds, Bank of the Cascade shareholders will receive 0.14864 shares of First Interstate common stock and $1.91 in cash for each share of Cascade common stock they hold. Cascade shareholders are expected to own approximately 20 percent of outstanding capital stock of First Interstate once the transaction is complete.
The boards of directors at each company have unanimously approved the transaction. The acquisition is expected to be final, pending regulatory approval, by mid-2017, according to a company statement.