INB Blog

8.16.2018

First Interstate Completes Acquisition of INB

Effective today, First Interstate BancSystem, Inc., parent company of First Interstate Bank, has completed its acquisition of Northwest Bancorporation, Inc., parent company of Inland Northwest Bank (“INB”). INB will officially transition to the First Interstate brand and their systems in mid-November. For now, INB customers should see few changes to the way they conduct business with the bank. Questions can be directed to 1-888-509-7922 or by emailing us at [email protected].

Read More about this article

4.25.2018

First Interstate Bank to Partner with INB

First Interstate BancSystem, Inc. and Northwest Bancorporation, Inc. today announced that they have entered into a definitive agreement under which First Interstate, parent company of First Interstate Bank, will acquire Northwest, parent company of INB, in an all-stock transaction valued at approximately $160.9 million in aggregate, or $21.03 per share. The transaction complements First Interstate’s footprint, which successfully expanded from the Mountain West to the Pacific Northwest.

Read More about this article

12.27.2017

INB Plans to Share Corporate Tax Savings with Staff

INB today announced with the signing of new tax reform legislation that they will use a portion of their anticipated tax savings in 2018 on their employees sooner than later. Specifically, INB will bonus all employees, except for their Senior Management Team, $500 by the end of 2017 and implement an internal $15 an hour minimum wage effective, January 1^st, 2018.

Read More about this article

11.1.2017

INB Named to Best Bank List

INB was recently named to the "Best Bank" list, Silver Award, by the Spokane Coeur d'Alene Living Magazine. In addition, Bauer Financial awarded INB a five star rating as one of the strongest financial institutions in the nation. Last year, INB was also awarded "Best Business Bank, Gold" and "Best Credit Card Processor, Gold" in the Catalyst Business Magazine Reader's Poll as well as named to the Inlander's Best Bank list.

Read More about this article

11.1.2017

INB Reports 3rd Quarter Financials

Northwest Bancorporation, Inc. the holding company of INB, reported financial results for the quarter ended September 30, 2017. Prior to adjustments for one‐time acquisition costs of CenterPointe Community Bank, net income for the third quarter of 2017 was $960 thousand, compared to $1.05 million for the previous quarter and $1.55 million for the third quarter of 2016.

Read More about this article

7.7.2017

CenterPointe to Join INB on July 14th

INB will officially merge with CenterPointe Community Bank on Friday, July 14th at 5pm. The merger combines two well respected Northwest banks that share a deep commitment to serving their local communities and customers. The companies have very similar core values and a strong reputation for delivering a high level of customer service.

Read More about this article

6.12.2017

Hoopfest Hospitality 2017

We will again open up our Downtown INB during Hoopfest as a hospitality area. Stop by and enjoy free food, beverages, and enter to win a new fridge from Fred's Appliance. Tickets are available at any INB location and must be presented at the door for entry. A stamp will be given to grant reentry. Saturday hours are 9am to 4pm. Sunday hours are 9am to 12pm.

Read More about this article

4.21.2017

1st Quarter 2017 Financial Results

The holding company of INB today reported financial results for the first quarter. Net income for the first quarter of 2017 was $970 thousand, compared to $839 thousand for the first quarter of 2016 and $1.41 million for the fourth quarter of 2016. Earnings per diluted share increased 15.4% year over year, from $0.13 in the first quarter of 2016 to $0.15 in the first quarter of 2017.

Read More about this article

3.24.2017

INB to Partner with CenterPointe

The holding company of INB, today announced the signing of a definitive agreement to acquire CenterPointe Community Bank, headquartered in Hood River, Oregon. With approximately $770 million in assets, the combined company will expand INB's community banking services into the Columbia River Gorge.

Read More about this article

1.26.2017

4th Quarter and Year End Financials Posted

INB parent company today reported financial results for the quarter and year end. Net income for the fourth quarter of 2016 was $1.41 million. For the year ended December 31, 2016, net income was $5.07 million, compared to $3.06 million for the corresponding period in 2015.

Read More about this article