860413--3/17/2008--FIRST_INTERSTATE_BANCSYSTEM

related topics

{stock, price, share}

{debt, indebtedness, cash}

{system, service, information}

{regulation, change, law}

{acquisition, growth, future}

{stock, price, operating}

{personnel, key, retain}

{cost, operation, labor}

{product, liability, claim}

{control, financial, internal}

{financial, litigation, operation}

{condition, economic, financial}

{cost, regulation, environmental}

{loan, real, estate}

{cost, contract, operation}

{loss, insurance, financial}

{product, market, service}

If we experience loan losses in excess of estimated amounts, our earnings will be adversely affected. Changes in interest rates could negatively impact our net interest income, may weaken demand for our products and services and harm our results of operations and cash flows. We may not be able to meet the cash flow requirements of our depositors and borrowers unless we obtain sufficient liquidity. Dividends from our subsidiaries account for most of our revenue. The inability of our subsidiaries to pay dividends due to legal or regulatory limitations could adversely affect our liquidity and operations and our ability to service debt, redeem stock and pay dividends. Failure to meet our debt covenants could result in our debt becoming immediately due and payable, which could adversely impact our results from operations, cash flows and financial condition. We have significant competition in both attracting and retaining deposits and in originating loans. We may become liable for environmental remediation and other costs on repossessed properties, which could adversely impact our results of operations, cash flows and financial condition. Our information systems may experience a breach in security. A failure of the technology we use could harm our business. We may not effectively implement new technology-driven products and services or be successful in marketing these products and services to our customers. Our systems of internal operating controls may not be effective. We may encounter unforeseen difficulties in combining First Western operations with our own operations, including unanticipated integration problems, business disruptions and dilution of shareholder value. We are dependent upon the services of our management team. We may not be able to attract and retain qualified employees to operate our business effectively and low unemployment rates may increase our labor costs. An extended disruption of vital infrastructure and other business interruptions could negatively impact our business. Indemnification obligations arising from our membership in Visa USA could adversely impact our results of operations, cash flows and financial condition. We are subject to claims and litigation pertaining to our fiduciary responsibilities. New or changes in existing tax, accounting, and regulatory rules and interpretations could significantly harm our business. Non-compliance with USA Patriot Act, Bank Secrecy Act, or other laws and regulations could result in fines, sanctions and other enforcement actions. The Federal Reserve may require us to commit capital resources to support the Banks. Our common stock is not publicly traded. Shares of our common stock are subject to contractual transfer restrictions. We have no obligation to repurchase outstanding shares of common stock and we are subject to limitations on the amount of common stock we may repurchase. We are subject to limitations on the amount of dividends we may pay to our shareholders. Existing shareholders will be diluted by future issuances of common or preferred stock, and the valuation of our common stock could decrease. Affiliates of our company own a controlling interest and are able to control the election of directors and future direction of our business.

Full 10-K form ▸

860413--3/17/2008--FIRST_INTERSTATE_BANCSYSTEM_INC