S-8 POS

As filed with the Securities and Exchange Commission on August 12, 2005
 

Registration No. 333-76825

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

POST-EFFECTIVE AMENDMENT NO. 5
TO

FORM S-8

REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933

FIRST INTERSTATE BANCSYSTEM, INC.

(Exact name of issuer as specified in its charter)

Montana
(State or other Jurisdiction of
incorporation or organization) 81-0331430
(I.R.S. Employer Identification Number)

401 North 31^st Street, Billings, Montana 59116
(Address of Principal Executive Offices and Zip Code)

SAVINGS AND PROFIT SHARING PLAN FOR EMPLOYEES OF FIRST INTERSTATE BANCSYSTEM, INC. — 2002
RESTATEMENT

FIRST INTERSTATE BANCSYSTEM, INC. STOCK OPTIONS AND STOCK APPRECIATION RIGHTS PLAN, AS AMENDED, AND

FIRST INTERSTATE BANCSYSTEM, INC. EMPLOYEE STOCK PURCHASE PLAN, AS AMENDED AND RESTATED
(Full titles of plans)

Terrill R. Moore
Executive Vice President and Chief Financial Officer
FIRST INTERSTATE BANCSYSTEM, INC.
401 North 31st Street
Billings, Montana 59116
(Name and address of agent for service)

(406) 255-5390
(Telephone number, including area code, of agent for service)

With Copy to:
Holland & Hart LLP
Attn: David G. Angerbauer, Esq.
60 East South Temple, Suite 2000
Salt Lake City, Utah 84111
(801) 595-7800

EXPLANATORY NOTE

     This Post-Effective Amendment No. 5 to Registration Statement on Form S-8 (Commission File No. 333-76825) is being filed solely for the purpose of amending the exhibit list to include Second Amendment to Savings and Profit Sharing Plan for Employees of First Interstate BancSystem, Inc. — 2002 Restatement (Exhibit 4.34).

PART II

INFORMATION REQUIRED IN THE REGISTRATION STATEMENT

Item 8. EXHIBITS

Regulation S-K
Exhibit	Document
4.1(1)	Restated Articles of Incorporation of the Registrant dated February 27, 1986.
4.2(2)	Articles of Amendment to Restated Articles of Incorporation of the Registrant dated September 26, 1996.
4.3(2)	Articles of Amendment to Restated Articles of Incorporation of the Registrant dated September 26, 1996.
4.4(3)	Articles of Amendment to Restated Articles of Incorporation of the Registrant dated October 7, 1997.
4.6(4)	Specimen of common stock certificate of First Interstate BancSystem, Inc.
4.7(5)	Shareholder’s Agreement for non-Scott family members.
4.10*	Restated Bylaws of First Interstate BancSystem, Inc. dated July 29, 2004.
4.17(1)	Stock Option and Stock Appreciation Rights Plan of the Registrant, as amended.
4.19*	First Interstate Stockholders’ Agreements with Scott family members.
4.20*	Form of Charity Shareholder’s Agreement with charitable shareholders.
4.26*	Form of Shareholder’s Agreement for non-Scott family members dated August 24, 2001.
4.27*	Form of Shareholder’s Agreement for non-Scott family members dated August 19, 2002.
4.30*	Employee Stock Purchase Plan of the Registrant, as amended and restated effective April 30, 2003.
4.32*	Savings and Profit Sharing Plan for Employees of First Interstate BancSystem, Inc. — 2002 Restatement.
4.33*	First Amendment to Savings and Profit Sharing Plan for Employees of First Interstate BancSystem, Inc. — 2002 Restatement, dated August 4, 2003.

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Regulation S-K
Exhibit	Document
4.34	Second Amendment to Savings and Profit Sharing Plan for Employees of First Interstate BancSystem, Inc. — 2002 Restatement, dated March 31, 2005.
5*	Opinion of Holland & Hart LLP, as to the legality of securities being registered.
23.1*	Consent of KPMG LLP, Independent Certified Public Accountants.
23.2*	Consent of Holland & Hart LLP (contained in Exhibit 5).
24	Power of Attorney (included on page 4 of this Registration Statement).

(1)	Incorporated by reference to the Registrant’s Registration Statement on Form S-1, No. 033-84540.
(2)	Incorporated by reference to the Registrant’s Form 8-K dated October 1, 1996.
(3)	Incorporated by reference to the Registrant’s Registration Statement on Form S-1, No. 333-37847.
(4)	Incorporated by reference to the Registrant’s Registration Statement on Form S-1, No. 333-03250.
(5)	Incorporated by reference to the Registrant’s Registration Statement on Form S-8, No. 333-53011.
*	Previously filed.

SIGNATURES

1. REGISTRANT

     Pursuant to the requirements of the Securities Act, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Post Effective Amendment No. 5 to the Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Billings, State of Montana, on August 12, 2005.

First Interstate BancSystem, Inc.
By:	/s/ Lyle R. Knight
	Lyle R. Knight
	President and Chief Executive Officer

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POWER OF ATTORNEY

     KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature to this Registration Statement appears below hereby constitutes and appoints Thomas W. Scott and Terrill R. Moore, and each of them, as his true and lawful attorney-in-fact and agent, with full power of substitution, to sign on his behalf individually and in the capacity stated below, and to perform any acts necessary to be done in order to file all amendments and post-effective amendments to this Registration Statement, and any and all instruments or documents filed as part of or in connection with this Registration Statement or the amendments thereto and each of the undersigned does hereby ratify and confirm all that such attorney-in-fact and agent, or his substitutes, shall do or cause to be done by virtue hereof.

     Pursuant to the requirements of the Securities Act of 1933, the Registration Statement has been signed below by the following persons in the capacities indicated on August 12, 2005.

Signature	Title
/s/ Thomas W. Scott Thomas W. Scott**	Chairman of the Board
/s/ James R. Scott James R. Scott**	Vice Chairman of the Board
/s/ Homer A. Scott, Jr. Homer A. Scott, Jr.**	Director
/s/ Randall I. Scott Randall I. Scott**	Director
/s/ Sandra Scott Suzor Sandra Scott Suzor**	Director
/s/ Terry W. Payne Terry W. Payne**	Director
/s/ James W. Haugh James W. Haugh**	Director
Martin A. White	Director
/s/ Robert L. Nance Robert L. Nance**	Director
/s/ Elouise C. Cobell Elouise C. Cobell**	Director
/s/ Richard A. Dorn Richard A. Dorn**	Director
Michael J. Sullivan	Director
/s/ William B. Ebzery William B. Ebzery**	Director
/s/ David H. Crum David H. Crum**	Director

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Signature	Title
/s/ Charles M. Heyneman Charles M. Heyneman**	Director
Julie A. Scott	Director
/s/ Lyle R. Knight Lyle R. Knight	President, Chief Executive Officer and Director (Principal Executive Officer)
/s/ Terrill R. Moore Terrill R. Moore	Executive Vice President, Chief Financial Officer (Principal Financial and Accounting Officer)

**By Power of Attorney:	/s/ Terrill R. Moore
	Terrill R. Moore Attorney-in-Fact

2. SAVINGS AND PROFIT SHARING PLAN FOR EMPLOYEES OF FIRST INTERSTATE BANCSYSTEM, INC. — 2002 RESTATEMENT

     Pursuant to the requirements of the Securities Act, the trustee has duly caused this Post Effective Amendment No. 5 to the Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Billings, State of Montana, on August 12, 2005.

Savings and Profit Sharing Plan for Employees of First Interstate
BancSystem, Inc. — 2002 Restatement

/s/ Richard A. McCann  

By: Richard A. McCann 

Its: Trustee 

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FIRST INTERSTATE BANCSYSTEM, INC.

EXHIBITS INDEX

Exhibit	Document
4.1(1)	Restated Articles of Incorporation of the Registrant dated February 27, 1986.
4.2(2)	Articles of Amendment to Restated Articles of Incorporation of the Registrant dated September 26, 1996.
4.3(2)	Articles of Amendment to Restated Articles of Incorporation of the Registrant dated September 26, 1996.
4.4(3)	Articles of Amendment to Restated Articles of Incorporation of the Registrant dated October 7, 1997.
4.6(4)	Specimen of common stock certificate of First Interstate BancSystem, Inc.
4.7(5)	Shareholder’s Agreement for non-Scott family members.
4.10*	Restated Bylaws of First Interstate BancSystem, Inc. dated July 29, 2004.
4.17(1)	Stock Option and Stock Appreciation Rights Plan of the Registrant, as amended.
4.19*	First Interstate Stockholders’ Agreements with Scott family members.
4.20*	Form of Charity Shareholder’s Agreement with charitable shareholders.
4.26*	Form of Shareholder’s Agreement for non-Scott family members dated August 24, 2001.
4.27*	Form of Shareholder’s Agreement for non-Scott family members dated August 19, 2002.
4.30*	Employee Stock Purchase Plan of the Registrant, as amended and restated effective April 30, 2003.
4.32*	Savings and Profit Sharing Plan for Employees of First Interstate BancSystem, Inc. — 2002 Restatement.
4.33*	First Amendment to Savings and Profit Sharing Plan for Employees of First Interstate BancSystem, Inc. — 2002 Restatement, dated August 4, 2003.
4.34	Second Amendment to Savings and Profit Sharing Plan for Employees of First Interstate BancSystem, Inc. — 2002 Restatement, dated March 31, 2005.
5*	Opinion of Holland & Hart LLP, as to the legality of securities being registered.
23.1*	Consent of KPMG LLC, Independent Certified Public Accountants.
23.2*	Consent of Holland & Hart LLP (contained in Exhibit 5).
24	Power of Attorney (included on page 4 of this Registration Statement).

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(1)	Incorporated by reference to the Registrant’s Registration Statement on Form S-1, No. 033-84540.
(2)	Incorporated by reference to the Registrant’s Form 8-K dated October 1, 1996.
(3)	Incorporated by reference to the Registrant’s Registration Statement on Form S-1, No. 333-37847.
(4)	Incorporated by reference to the Registrant’s Registration Statement on Form S-1, No. 333-03250.
(5)	Incorporated by reference to the Registrant’s Registration Statement on Form S-8, No. 333-53011.
*	Previously filed.

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EX-4.34

EXHIBIT 4.34

     SECOND AMENDMENT TO SAVINGS AND PROFIT SHARING PLAN FOR EMPLOYEES OF FIRST INTERSTATE BANCSYSTEM, INC. — 2002 RESTATEMENT

     The Savings and Profit Sharing Plan for Employees of First Interstate BancSystem, Inc., as restated effective January 1, 2002 (the “Plan”), is hereby amended as follows:

ARTICLE 1

     The following sentence is added at the end of the second paragraph of subsection (a), “Before-Tax Contributions,” in section 4.3 of the Plan, “Before-Tax and Matching Contributions,” effective April 1, 2005:

In the case of an Employee who begins participating in the Plan after March 31, 2005, including a reemployed Employee who resumes participation in the Plan after such date, 4 percent shall be substituted for 1 percent in the preceding sentence.

ARTICLE 2

     Section 6.7 of the Plan, “Loans,” is amended to read in its entirety as follows, effective April 1, 2005:

     6.7 Loans. Each Member or beneficiary of a Member (collectively referred to in this section as “borrower”) may, with the approval of the Plan Administrator, borrow amounts from the borrower’s Account, subject to the following terms and conditions:

(a)

The terms of such loan shall be determined in the sole discretion of the Plan Administrator, subject to the provisions of this section 6.7. The Plan Administrator shall promulgate and may, from time to time, amend a loan procedure document which is incorporated by reference herein. The Plan Administrator may also adopt rules limiting the number of loans that may be made in any Plan Year by each borrower, may prescribe a minimum amount that may be borrowed, and may establish other rules relating to loans made under this section. Each request for a loan shall be submitted on a form prescribed by the Plan Administrator. Each loan shall be made as of a Valuation Date coincident with or following the request for the loan; the Plan Administrator may require that a request for a loan be submitted within a certain period of time prior to such Valuation Date; and each loan shall be made as soon as administratively possible after such Valuation Date.

(b)

Each loan from the Plan shall be adequately secured. For this purpose, one-half of the borrowing Participant’s vested interest in the Plan, determined immediately after the loan is made, shall automatically

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	constitute security for the loan and for each prior outstanding loan, provided, however, that such security shall be applied in satisfaction of the loan(s) only at the time and in the manner provided in this section 6.7.
(c)	The term of such loan shall not exceed five years (15 years in the case of a loan for the acquisition of a principal residence of the borrower).
(d)	Such loan shall bear a reasonable rate of interest, which shall be commensurate with the interest rates being charged at the time such loan is made under similar circumstances by financial institutions in the community in which the Employer’s principal office is then located.
(e)	The amount of such loan (when added to the outstanding balance of all other loans to the borrower from the borrower’s Account) shall not exceed the lesser of—

(1) $50,000, reduced by the excess (if any) of—

(A)	the highest outstanding balance of loans from the Plan during the one-year period ending on the day before the loan was made, over
(B)	the outstanding balance of loans from the Plan on the date the loan is made; or

(2)	50 percent of the vested and nonforfeitable portion of such borrower’s Account at the relevant time.
Notwithstanding the preceding provisions of this subsection, in no event shall the outstanding balance of such loan exceed 50 percent of such borrower’s vested Account, or such lower percentage as the Plan Administrator in its sole discretion may impose by the adoption of a rule.

(f)	Such loan shall be evidenced by a promissory note, in such form and containing such terms and conditions as the Plan Administrator from time to time directs.
(g)	Payments of principal and interest shall be made by approximately equal payments, at least quarterly, on a basis that would permit such loan to be levelly amortized over its term. Prepayments of principal and interest may be made, in whole or in part, at any time without penalty. Payments from Participants (other than prepayments) shall be made by payroll deduction.
(h)	Appropriate disclosure shall be made pursuant to the Truth in Lending Act to the extent applicable.
(i)	Amounts of principal and interest received on a loan shall be credited to such borrower’s Account, and the outstanding loan balance shall be considered an investment of the assets of such Account.

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(j)	Loans shall be deemed to have been made on a pro rata basis from the available funds of each of the Investment Funds in which such borrower’s Account is invested, except that amounts invested in the Company stock Investment Fund shall not be taken into account unless requested by the borrower or needed to fund the proceeds of the loan. All loan repayments shall be reinvested in accordance with the borrower’s current investment directive in effect under section 7.3.
(k)	To the extent that the borrower’s Account becomes payable, the unpaid balance of the loan shall be deducted from the amount otherwise payable from the borrower’s Account. The preceding sentence shall not apply in the case of an in-service or hardship withdrawal or an installment distribution during the lifetime of the borrower, unless so requested by the borrower.
(l)	Foreclosure on an Account used as security for a loan shall be deferred until a permissible distribution may occur under the terms of the Plan. If a default in the payment of any loan or installment thereon remains uncured for thirty days after written notice of such default is either hand delivered or mailed to the borrower by certified mail, return receipt requested, and the borrower has retired, become disabled, separated from Service, has attained age 59-1/2, or is a beneficiary of a deceased Member with respect to the Account which secures the loan, then the Plan Administrator shall direct the Trustee to reduce the borrower’s Account by the unpaid balance of the loan, including interest, to the extent of the security interest held by the Plan, and to teat the amount of such reduction as a payment on the loan. Such reduction of the borrower’s Account shall be considered a distribution and shall be subject to the consent requirements set forth in section 6.3; provided, however, that pursuant to Regulations under Code sections 401(a)(11) and 411 such consent requirements shall be deemed satisfied as of the time the borrower agreed to use his Account as security for the loan.

ARTICLE 3

     Subsection (a) of section 6.9 of the Plan, “Eligible Rollover Distributions,” is amended to read in its entirety as follows, effective March 28, 2005:

(a) Notwithstanding any provision of the Plan to the contrary that would otherwise limit a distributee’s election under this section, a distributee may elect, at the time and in the manner prescribed by the Plan Administrator, to have any portion of an eligible rollover distribution from this Plan paid directly to an eligible retirement plan specified by the distributee in a direct rollover, and to have any portion of the eligible rollover distribution which is not rolled over to an eligible retirement plan distributed directly to the distributee.

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In the event of a mandatory distribution greater than $1,000 in accordance with the provisions of section 6.3(a), if the distributee does not elect to have such distribution paid directly to an eligible retirement plan specified by the distributee in a direct rollover or to receive the distribution directly in accordance with this section 6.9(a), then the Plan Administrator will pay the distribution in a direct rollover to an individual retirement plan designated by the Plan Administrator.

ARTICLE 4

     A new section 7.6, “Distributions and Withdrawals”, is added at the end of Article VII of the Plan, reading in its entirety as follows, effective April 1, 2005:

     7.6 Distributions and Withdrawals. In the case of any cash distribution or withdrawal under Article VI, to the extent administratively feasible such distribution or withdrawal shall be funded by a pro rata liquidation or partial liquidation of the assets in which the distributee’s Account is invested, including Company stock held for the Account of the distributee pursuant to Article VIII, but not including any outstanding loan which is treated as an investment of the Account under section 6.7.

ARTICLE 5

     Except as modified herein, all provisions of the Plan shall remain in full force and effect.

     DATED this 31st day of March, 2005.

FIRST INTERSTATE BANCSYSTEM, INC.
By:	/s/ ROBERT A. JONES
	Executive Vice President
	Chief Administrative Officer

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