Market Overview

First Interstate BancSystem, Inc. and Northwest Bancorporation, Inc. Announce Receipt of Northwest Shareholder Approval and Anticipated Closing Date


First Interstate BancSystem, Inc. ("First Interstate") (NASDAQ:FIBK)
and Northwest Bancorporation, Inc. ("Northwest") (OTC:NBCT)
announced that Northwest's shareholders have approved the proposed
merger of Northwest with and into First Interstate at a special meeting
of Northwest shareholders on August 14, 2018. All approvals necessary to
complete the merger, including all regulatory approvals, have been
received. The merger is expected to close on August 16, 2018, subject to
satisfaction of customary closing conditions.

As previously announced, upon completion of the merger, Northwest
shareholders will be entitled to receive 0.516 shares of First
Interstate Class A common stock for each share of Northwest common stock
they hold. The shares received by Northwest shareholders are expected to
qualify as a tax-free exchange.

About First Interstate BancSystem, Inc.

First Interstate BancSystem, Inc. is a financial services holding
company, headquartered in Billings, Montana, with $12.2 billion in
assets as of June 30, 2018. It is the parent company of First Interstate
Bank, a community bank operating over 120 banking offices, including
online and mobile banking services, throughout Idaho, Montana, Oregon,
South Dakota, Washington, and Wyoming. As a recognized leader in
community banking services, First Interstate is driven by strong values,
as well as a commitment to delivering a rewarding experience to its
employees, strong returns to shareholders, exceptional products and
services to its clients, and resources to the communities it serves.

About Northwest Bancorporation, Inc.

Northwest Bancorporation, Inc. is the parent company of Inland Northwest
Bank, a state-chartered community bank that currently operates 20
offices across Washington, Idaho, and Oregon. INB specializes in meeting
the financial needs of individuals and small to medium-sized businesses,
including professional corporations and agriculture-related operations,
by providing a full line of commercial, retail, agricultural, and
mortgage and private banking products and services. More information
about INB can be found on its website at
The Company's stock is quoted on the OTC Market's Pink Marketplace under
the symbol NBCT.

Cautionary Note Regarding Forward-Looking Statements

This press release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Rule 175 promulgated thereunder, and Section 21E of the Securities
Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder,
that involve inherent risks and uncertainties. These forward-looking
statements include, but are not limited to, (i) statements about First
Interstate and Northwest's plans, objectives, expectations and
intentions and other statements contained in this presentation that are
not historical facts; and (ii) other statements identified by words such
as "expects," "anticipates," "intends," "plans," "believes," "seeks,"
"estimates" or words of similar meaning.

Forward-looking statements involve risks and uncertainties that may
cause actual results to differ materially from those in such statements.
The following factors, among others, could cause actual results to
differ materially from expected results: delays in completing the
merger, difficulties in achieving cost savings from the merger or in
achieving such cost savings within the expected time frame, difficulties
in integrating First Interstate and Northwest, increased competitive
pressures, changes in the interest rate environment, changes in general
economic conditions, legislative and regulatory changes that adversely
affect the business in which First Interstate and Northwest are engaged,
changes in the securities markets and other risks and uncertainties
disclosed from time to time in documents that First Interstate files
with the Securities and Exchange Commission. All subsequent written and
oral forward-looking statements concerning the proposed transaction or
other matters attributable to First Interstate or Northwest or any
person acting on their behalf are expressly qualified in their entirety
by the cautionary statements above. Except as required by law, First
Interstate and Northwest do not undertake any obligation to update any
forward-looking statement to reflect circumstances or events that occur
after the date the forward-looking statement is made.

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