Market Overview

First Interstate BancSystem, Inc. Completes Acquisition of Northwest Bancorporation, Inc.


Effective August 16, 2018, First Interstate BancSystem, Inc. (NASDAQ: FIBK) ("First Interstate"), parent company of First Interstate Bank, has
completed its acquisition of Northwest Bancorporation, Inc.
("Northwest") (OTC:NBCT), parent company of Inland Northwest Bank

"INB's service excellence and company culture blends seamlessly with
ours," said First Interstate President and CEO, Kevin Riley. "It is our
privilege to welcome INB employees, clients, and shareholders to the
First Interstate family."

Although First Interstate's acquisition of Northwest has been completed,
Riley said there are no immediate changes for INB clients. "For now, it
is ‘business as usual' for INB. Clients will continue to work with the
same bankers they've come to know and trust, and INB's local leadership
remains in place."

For former INB executives and stakeholders, the partnership with First
Interstate made sense on several fronts-anchored in a mutual
appreciation for providing the best experience for their customers.
"First Interstate was the ideal partner for us because we share values
about community banking and how we serve our employees, customers, and
communities," said Russ Lee, former President and CEO of Northwest and
newly-appointed Executive Vice President for First Interstate. "We are
excited to join the First Interstate team and look forward to the many
opportunities and benefits this merger will bring to our employees, our
clients, and the combined company's shareholders."

The data processing conversion and merger of the two banks is scheduled
to begin following the close of business on November 9, 2018. On
November 13, INB will officially become First Interstate Bank; both INB
and First Interstate Bank will be closed on November 12 in observance of
Veterans Day. Until then, INB and First Interstate Bank will operate as
two separate banking subsidiaries of First Interstate BancSystem, Inc.
It is expected that INB clients will begin receiving information about
the conversion/merger of the two banks in early October.

Following the merger, INB clients will continue to enjoy a
highly-personalized banking experience. First Interstate offers an
expanded line of financial services and innovative solutions, such as
Wealth Management, Treasury Solutions and a unique credit card with a
rewards program featuring travel benefits and perks from local merchants.

In accordance with the definitive agreement, approximately 3.9 million
shares of First Interstate Class A common stock were issued. First
Interstate expects the transaction to be immediately accretive to
earnings per share.

Sandler O'Neill & Partners, L.P. served as financial advisor, and Luse
Gorman, PC served as legal counsel to First Interstate. D.A. Davidson &
Co. served as financial advisor and Witherspoon Kelley served as legal
counsel to Northwest.

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. To
learn more about First Interstate, visit

About Inland Northwest Bank

Inland Northwest Bank is a Washington 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, mortgage and private banking products and
services. More information about INB can be found on its website at

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'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 is 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 any person acting on their behalf
are expressly qualified in their entirety by the cautionary statements
above. Except as required by law, First Interstate does 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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