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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].

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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.

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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 1st, 2018.

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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.

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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.

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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.

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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.

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INB Awarded Best Business Bank

INB was recently awarded "Best Business Bank" and "Best Credit Card Processor" in the Catalyst Business Magazine Reader's Poll. Last year, INB was also awarded Silver in the category for "Best Bank" in the Spokane Coeur d'Alene Living Magazine Reader's Poll as well as made the list of "The Top 200 Healthiest US Banks."

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INB 3rd Quarter Financials Posted

Northwest Bancorporation Inc., the parent company of INB, reported third-quarter net income of $1.6 million, up from income of $735,000, in the year-earlier period. Company President and CEO Russ Lee attributed the improved earnings in part to the company's acquisition of Bank of Fairfield.

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INB Named to "Best Bank" List

INB was awarded a Silver Award as one of the Best Banks in the Spokane Coeur d' Alene Living Magazine Reader's Poll. This is the first time INB has been named to the list. Last year, INB also won a Silver Award as one of the Best Business Banks in the Business Catalyst Magazine Reader's Poll.

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Post Falls INB to Close October 21st

At 5:00 p.m. on October 21st, 2016, our Post Falls INB located at 1729 E. Seltice Way, Post Falls, ID 83854 will close. The closure of this location has been a difficult decision, but the relatively low levels of deposits at this location along with an increase in online and mobile banking usage made consolidating into our Coeur d' Alene INB the most logical choice moving forward.

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INB Hires New Chief Technology Officer

INB has announced the hire of new Chief Technology Officer and member of the Senior Management Team, Eric Landon. Eric joins INB from Skagit Bank, headquartered in Burlington, Washington where he served as their Chief Information Officer for the past 20 years.

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INB Year End Financials Posted

The holding company of INB, today reported financial results for the quarter and year end. In the fourth quarter, the Company completed its acquisition of Bank of Fairfield. This acquisition, combined with the Bank’s own organic growth, resulted in year-end assets of $610.9 million.

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INB Completes Merger with Bank of Fairfield

Northwest Bancorporation, Inc., holding company of INB, announced that it completed the acquisition of Fairfield Financial Holdings Corp. and its owned subsidiary, Bank of Fairfield. As of the closing date, the combined entity has approximately $600 million in total assets.

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INB Receives Regulatory Approval for Merger

INB announced it has received all required regulatory approvals of the proposed INB and Bank of Fairfeild merger transaction from the Federal Deposit Insurance Corporation and the Washington Department of Financial Institutions. The transaction is expected to be completed by mid-October.

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Francis Open House, August 20th

INB invites community members to stop by our Francis Branch located at 518 W. Francis Avenue in North Spokane on Thursday, August 20th from 12pm until 6pm. Enjoy free food, beverages, door prizes, and meet our great INB bankers at Francis. The event is open to the public and free of charge.

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INB to Finance Avista Solar Panel Loans

INB has partnered with Avista and the Clean Energy Collective (CEC) to offer financing for the new Avista Community Solar Program. Avista continues to adapt for the future by announcing an additional commitment to renewable energy and plan to construct a 425 kW community-solar array that has 1,512 panels.

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INB Parent to Acquire Bank of Fairfield

Northwest Bancorporation, Inc. (OTCQB: NBCT), the holding company of Inland Northwest Bank (“INB”), today announced the signing of a definitive agreement to acquire Fairfield Financial Holdings Corp. (“Fairfield”), the holding company of Bank of Fairfield, which is headquartered in Fairfield, Washington, for cash consideration of approximately $20.75 million.

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INB Names New President & CEO

Russell Lee takes over as President and CEO of Inland Northwest Bank from Randall Fewel who has announced plans to retire in June 2016 after a 22-year career with INB. Fewel will continue to serve as President and CEO of Northwest Bancorporation, Inc. until 2016 and is expected to remain on the Board of Directors of INB and Northwest Bancorporation following his retirement.

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Northpointe Branch to Close October 2nd.

We will close this branch effective 5:00 p.m. on October 2nd, 2015. We regret any inconvenience this branch closing may have on you, our valued customers. All services offered at this branch will be available at our Francis Branch, located at 518 West Francis Avenue. Your banking needs can be serviced at this or any of our other convenient locations.

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