First Interstate BancSystem Acquires Cascade Bancorp

First Interstate BancSystem, Inc. has acquired Cascade Bancorp, parent company of Bank of Cascades. The transaction involved cash and stock for approximately $589 million , or $7.60 per share based on the First Interstate closing price of $38.30 per share on November 16, 2016. The transaction creates a unique regional banking franchise that extends from the Mountain West to the Pacific Northwest and provides First Interstate with a presence in several high-growth markets, including Bend, Oregon and Boise, Idaho.

Read more: First Interstate BancSystem Acquires Cascade Bancorp

Olsen Promoted to Commercial Loan Officer

Skye Olsen has been promoted to assistant vice president/commercial loan officer at the Stockman Bank Billings King Avenue branch. His responsibilities include developing financing packages to fit the needs of each business client, servicing new and existing commercial loan relationships, as well as construction loans.
Olsen previously served as a commercial loan officer for Stockman Bank, bringing experience in commercial lending and credit analysis to the position.

Read more: Olsen Promoted to Commercial Loan Officer

Insurance Designed for Food Truck Owners

Farmers Insurance has launched an innovative insurance policy for food truck owners – a growing market. Farmers have begun to offer licensed food truck owners a single policy that combines commercial automobile coverage for their truck with a restaurant business owner policy.
Montana is one of the 28 states where the policy is now available.

Read more: Insurance Designed for Food Truck Owners

What are Montanans Thinking?

A majority of respondents to the Montana Chamber of Commerce Power-base survey say that they would support capping the Coal Tax Trust Fund at $1 billion and using future revenues to fund infrastructure in Montana.
There is widespread consensus among Montanans, according to the Poll, that the state’s business community deserves the most credit for economic growth, not public officials.

Read more: What are Montanans Thinking?

Uberbrew Brewery of Year

Uberbrew, 2305 Montana Avenue, was been named Small Brewery of the Year at the Great American Beer Festival.

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