Did the federal government own the National bank?

Written by Editorial Team | Last Updated: August 2026

No, Wells Fargo acquired First Interstate Bancorp in 1996, but this did not involve the current First Interstate Bank organization. Following that acquisition, the modern First Interstate Bank obtained an exclusive license to use the "First Interstate" name and logo in Montana, Wyoming, and several neighboring states. The two entities are distinct, and the current First Interstate Bank has continued to operate and grow its own branch network independently of the Wells Fargo acquisition.

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The banking abbreviation FSNB stands for Fort Sill National Bank, which is a federally chartered financial institution that provides comprehensive retail banking services, military banking solutions, and consumer credit products.