First Interstate Bank acquired Community First Bank for $21.5m.

First Interstate Bank, a financial and bank holding company, acquired Community First Bank, an Idaho-based bank, for $21.5m. “Community First Bank has a long-standing history of service excellence and giving back to the community—a tradition we also champion at First Interstate Bank,” said Kevin Riley, First Interstate President and Chief Executive Officer. “In welcoming Community First to the fold, we are not only expanding upon our presence in some of Idaho’s most robust markets, we are building upon a legacy and service philosophy of ‘doing the right thing.’ Culturally, this should allow for a seamless integration of our institutions.”