For the second year in a row, First Interstate BancSystem, Inc. has been named by Forbes Magazine as one of America’s Most Trustworthy Companies for 2013. First Interstate is one of 21 banks included on the list (as a small-cap company).
“It’s a great honor to be included on this list,” said Ed Garding, President and CEO of First Interstate Bank. “But the truth is, this award is for you - our customers. Nurtured by the confidence you have in us, we’ve flourished to become a vital part of your life and your community. It’s a role we treasure.”
To qualify for the list, each of the 100 companies had to have market caps of $250 million or more. Over the last four quarters, the companies must have maintained an accounting and governance risk (AGR) rating of “conservative” or “average,” and had no amended filings with the Securities and Exchange Commission (SEC), no SEC enforcement actions, and no material restatements. They also had to rank high in GMI Ratings’ (GMI) Equity Risk Ranking, which indicates a positive forecast for equity returns, and have minimal likelihood of financial distress as measured by GMI’s Bankruptcy Risk model. First Interstate is traded on the NASDAQ Stock Market under ticker symbol FIBK.