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- First Interstate BancSystem, Inc. Names James A. Reuter as New CEO
First Interstate BancSystem, Inc. Names James A. Reuter as New CEO
Slice of Finance Team
10 Oct
Key Highlights:
James A. Reuter named as President and CEO of First Interstate BancSystem.
Effective November 1, 2024, Reuter will succeed Kevin P. Riley, who announced retirement earlier this year.
Reuter previously served as CEO of FirstBank Holding Company, leading significant growth.
Board Chair Stephen B. Bowman praised Reuter's strategic leadership and industry experience.
Focus on community banking growth and client value remains a priority.
Source: Business Wire
Notable Quotes:
“After a thorough and comprehensive search, the Board of Directors is thrilled to welcome Jim to First Interstate. Having spent more than 37 years in the banking industry, Jim is a proven leader with a strong track record of developing and executing strategic growth plans in the community banking space.”
“It’s an honor to be joining an organization that prioritizes showing up for the communities it serves.”
Our Take:
The appointment of James A. Reuter as CEO marks a strategic shift for First Interstate BancSystem, leveraging Reuter's extensive experience in leading community-focused growth. His tenure at FirstBank Holding Company, where he significantly increased assets, underscores his capability to drive substantial growth and maintain stability. This leadership transition aligns with First Interstate's vision to continue strengthening its community banking presence while emphasizing client-centric strategies. Reuter's proven ability to navigate regulatory environments and his commitment to community engagement suggest a promising trajectory for the company's future.