Security First Bank is acquiring 11 branches in Nebraska from First Interstate, which owns First Interstate Bank.
The agreement provides for the transfer of approximately $280 million in deposits, and loans with outstanding balances of roughly $70 million.
Once the transaction closes in early 2026, First Interstate branches in Alliance, Norfolk, Atkinson, O’Neill, Broken Bow, Ord, Burwell, Scottsbluff, Callaway, Sidney, and McCook will become a part of Security First. At that point, the branches will be fully converted to operate as Security First branch offices.
“We’re thrilled to welcome these First Interstate branches into our family and deepen Security First’s roots across Nebraska. We share First Interstate’s unwavering commitment to community, personal service, and local investment, and we’ve been committed to those standards since our founding in 1898. We look forward to serving our new clients and neighbors with the same passion, integrity, and hometown spirit they’ve come to expect,” Gregory Hunter, CEO of Security First Bank, said.
With these new branches, Security First will expand its market presence in Nebraska to 34 full-service branch locations.
“We are pleased to enter into this agreement with Security First. Their relationship-driven, customer- and community-centric strategy resonates with our core principles, enabling clients, teams, and communities to continue flourishing. This agreement also provides an opportunity for us to redeploy capital with the goal of accelerating growth in our strongest markets,” James Reuter, president and CEO of First Interstate Bank, said.
Security First, based in Nebraska, has about $2.1 billion in assets.