Great Western Bank (1907–present)

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Great Western Bank
TypePublic
Nasdaq: FIBK
IndustryFinancial services
Founded1935 (1935)
HeadquartersSioux Falls, South Dakota, United States
Key people
Kevin P. Riley, President & CEO
ProductsFinancial services
Total assets$32.00 billion
Number of employees
Nearly 1,500[1]
ParentGreat Western Bancorp Inc.
Websitewww.greatwesternbank.com[2]

Great Western Bank, whose holding company is Great Western Bancorp, Inc. (NYSE: GWB), is a regional bank based in Sioux Falls, South Dakota, United States. There are over 170 locations in Arizona, Colorado, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota and South Dakota. Great Western Bank currently has assets of $12.39 billion.[3]

History[]

Great Western Bank's charter began in 1935 with the establishment of the Farmers and Merchants Bank in Watertown, South Dakota.[4] The bank's name was changed to Great Western Bank in 2003. It was acquired by National Australia Bank in 2008. In October 2014, NAB began to release its holding through an initial public offering.[5] NAB sold its final listing in July 2015.[6]

In 2010, Great Western took over the failed Lincoln, Nebraska-based TierOne Bank.[7] In November 2015, Great Western announced the acquisition of Sioux Falls-based HF Financial Corp., the parent company of Home Federal Bank.[8]

In 2021, Great Western Bank signed a definitive agreement to merge with Montana-based First Interstate BancSystem.[9] The merger was completed on February 1, 2022, making Great Western an operating division of First Interstate Bank; Great Western locations will become First Interstate Bank branches on May 23, 2022.[10]

References[]

  1. ^ "Fact Sheet".
  2. ^ https://ir.greatwesternbank.com/Cache/IRCache/54f0473c-58a1-07c0-837b-74e97d7fdd6c.PDF?O=PDF&T=&Y=&D=&FID=54f0473c-58a1-07c0-837b-74e97d7fdd6c&iid=4557904[dead link]
  3. ^ "About Us".
  4. ^ "About Us". Great Western Bank. Retrieved July 21, 2019.
  5. ^ Yeates, Clancy (17 July 2015). "Why National Australia Bank's selling final stake in Great Western Bank". Sydney Morning Herald. Retrieved 14 February 2016.
  6. ^ "NAB sells remaining Great Western stake". Sky News Australia. 29 July 2015. Retrieved 14 February 2016.
  7. ^ "Feds close TierOne Bank; S.D. bank assumes deposits". Lincoln Journal Star. June 5, 2010. Retrieved March 7, 2017.
  8. ^ "Great Western Bank to acquire Home Federal Bank". Argus Leader. November 30, 2015. Retrieved March 7, 2017.
  9. ^ Abrego, Trent (16 September 2021). "Great Western Bank to join First Interstate brand in all-stock transaction". Aberdeen News. Retrieved 9 March 2022.
  10. ^ "First Interstate BancSystem acquires Great Western Bancorp for $2 billion". Banking Exchange. 2 February 2022. Retrieved 9 March 2022.

https://www.greatwesternbank.com/about-us/

External links[]

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