 First Interstate BancSystem, Inc. NASDAQ: FIBK the Company today announced the pricing of its public offering of 100.0 million aggregate principal amount of 5.25 Fixed-to-Floating Rate Subordinated Notes due 2030 the Notes. The price to the public for the Notes was 100.0 of the principal amount of the Notes. Interest on the Notes will accrue at a rate equal to i 5.25 per annum from the original issue date to, but excluding, May 15, 2025, payable semiannually in arrears, and ii a floating rate per annum equal to a benchmark rate, which is expected to be Three-Month Term SOFR as defined in the Notes, plus a spread of 518 basis points from, and including, May 15, 2025, payable quarterly in arrears. The Notes are intended to qualify as Tier 2 capital for regulatory purposes. The offering is expected to close on May 15, 2020, subject to the satisfaction of customary closing conditions. 