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First Interstate BancSystem, Inc. has appointed Lorrie L. Asker as Executive Vice President, Chief Banking Officer (CBO). Asker has been serving as Interim CBO since February 2023. With a 30-year track record of building strong relationships and producing results, Asker’s expertise encompasses the development of long-term strategic plans that address the changing landscape of banking products and services. Asker oversees all retail and commercial banking operations across First Interstate’s 14-state footprint.
“Lorrie has a strong understanding of and passion for First Interstate’s community banking model,” explained FIBK President and CEO Kevin Riley. “I am confident her breadth of banking experience will guide and support our client-facing teams in developing the strong and fruitful relationships for which First Interstate is known.”
Prior to her role as Interim CBO, Asker served as First Interstate’s Rocky Mountain Regional President since 2019, managing 10 commercial banking teams and more than 60 branches. Asker previously led the commercial and industrial banking division for First Foundation Bank and oversaw commercial analysis and systems at Umpqua Bank. Her career also includes tenures with Sterling Bank, US Bank, and West One Bank.
Asker was appointed to Idaho Governor Brad Little’s Economic Rebound Advisory Committee and is a member of the Idaho Bankers Association’s Government Affairs Committee. She currently serves on the board of the St. Alphonsus Regional Medical Center Foundation.
A graduate and current faculty member of the Pacific Coast Banking School, Asker earned a Bachelor of Science in organizational communication from the University of Idaho and a Master of Business Administration from the College of William and Mary.