First Interstate Bancsystem, Inc. Announces Executive Changes
June 30, 2023 at 10:22 pm
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First Interstate BancSystem, Inc. On June 28, 2023, the registrant was notified by Scott E. Erkonen, the registrantâs Executive Vice President and Chief Information Officer, that he was departing from the Company for personal reasons effective immediately, and under circumstances enabling him to receive severance under his employment agreement with the registrant as if it were a resignation for âGood Reasonâ (as defined in his employment agreement). Mr. Erkonenâs departure was not related to a disagreement with the Company on any matter relating to the Companyâs operations, policies or practices. The registrantâs Director of Enterprise Planning, Ms. Lori Meyer, has agreed to serve as the Company's Interim Chief Information Officer until a replacement is identified.
Ms. Meyer has been serving as Director of Enterprise Planning since 2018.
First Interstate BancSystem, Inc. is a financial and bank holding company focused on community banking. Through its bank subsidiary, First Interstate Bank, the Company delivers a range of banking products and services, including online and mobile banking to individuals, businesses, municipalities, and others throughout its market areas. It operates through Community Banking segment, which encompasses commercial and consumer banking services offered to individuals, businesses, municipalities and other entities. Community Banking segment encompasses commercial and consumer banking services provided through its Bank: primarily the acceptance of deposits, the extension of credit, mortgage loan origination and servicing, and wealth management, which includes trust, employee benefit, investment management, insurance, agency, and custodial services to individuals, businesses, and nonprofit organizations. It provides lending opportunities to clients that participate in a variety of industries.