Reported about 24 hours ago
First Interstate BancSystem, facing scrutiny from activist investor HoldCo Asset Management, has reaffirmed its commitment to organic growth rather than mergers and acquisitions. While the bank has agreed to some of HoldCo's demands, such as aligning its capital strategies, it has not fully committed to specific goals like reducing its Common Equity Tier 1 ratio. The bank is focused on strategic investments and restructuring its branch network while considering HoldCo's feedback as it continues to pursue its growth objectives.
Source: YAHOO