First Interstate BancSystem, Inc. Announces Effectiveness of Automatic Conversion of its Class B Common Stock into Class A Common Stock

Mar 25, 2022

First Interstate BancSystem, Inc. (NASDAQ: FIBK) (“FIBK”), parent company of First Interstate Bank, announced today that all outstanding shares of its Class B common stock automatically converted into Class A common stock on a one-for-one basis before the markets opened for trading. The conversion had no effect on the economic rights of holders of shares of Class A common stock or Class B common stock; the conversion merely eliminated the different voting powers of the two classes of common stock. FIBK does not expect the conversion to have any material effect on its future operations.

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