BNET Industries
Last Fiscal Year Sales:$401.9M
- Public
- US
Dow Jones Description
Community First Bankshares, Inc., a Delaware corporation incorporated in 1987 (the ?Company? or ?we?), is a bank holding company that, as of December 31, 2003, operated through one bank subsidiary (the ?banking subsidiary? or ?bank?) with banking offices in 136 communities in Arizona, California, Colorado, Iowa, Minnesota, Nebraska, New Mexico, North Dakota, South Dakota, Utah, Wisconsin and Wyoming. Total assets of the Company were approximately $5.5 billion as of December 31, 2003. The banking offices are community banks that provide a full range of commercial and consumer banking services primarily to businesses and individuals in small and medium-sized communities and the surrounding market areas. The Company provides its banking offices with the advantages of affiliation with a bank holding company, such as access to its lines of financial services, including trust products and administration, insurance and investment services, data processing services, credit policy formulation and review and administration, investment management and specialized staff support.
President and Chief Executive Officer
Thomas R AndersonContact Information
520 Main Avenue
Fargo, North Dakota 58124-0001
7012985600
Peer Companies
NAICS Code Commercial Banking: 522110
News & Analysis
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community first bankshares inc. - All News and Analysis
Fitch Withdraws Ratings on Community First Bankshares
NEW YORK -- Following its consolidation with Bank of the West, the lead bank subsidiary of BancWest Corporation, Fitch withdraws the issuer ratings of Community First Bankshares and Community First National Bank. The long-term deposit ratings for Community First National Bank's outstanding certificates of deposit have been maintained by Fitch....
Fitch Upgrades Community First Following BancWest Acquisition
NEW YORK -- BancWest Corporation BWE has completed its acquisition of Community First Bankshares, Inc. CFBX. Following this transaction, Fitch upgraded the ratings of CFBX and its affiliates in line with BWE's ratings ('AA-'/ 'F1+', with a Stable Outlook), while removing the Rating Watch Positive. BWE's ratings were affirmed on...
Fresh Ink
1. Hawaii-based BancWest Corp., a subsidiary of BNP Paribas, will pay $1.2 billion in cash for Community First Bankshares to solidify its position in the West and push into the Midwest. The price represents a 14 percent premium to the average stock price of Community First. 2. Provident Bancorp...
Bank of the West to Buy Community First in $1.2 Billion Deal.
By Brook Stockberger, Las Cruces Sun-News, N.M. Knight Ridder/Tribune Business News By Brook Stockberger, Las Cruces Sun-News, N.M. Knight Ridder/Tribune Business News
Honolulu-Based BancWest to Buy Fargo, N.D.-Based Community First Bankshares.
By Sheryl Jean, Saint Paul Pioneer Press, Minn. Knight Ridder/Tribune Business News Mar. 17--The nation's bank-buying spree continued Tuesday as BancWest Corp., based in Honolulu, agreed to buy Fargo, N.D.-based Community First Bankshares Inc. for $1.2 billion in cash. ...
N.D. bank continues insurance buys
Community First Bankshares, Inc, Fargo, N.D., has acquired the Summit Insurance Group, located in Frisco, Colo., with offices in Leadville and Vail."This purchase marks our 17th insurance acquisition since 2000," said Mark Anderson, Community First's president and chief executive officer. "Insurance revenues increased 13 percent in the first half of...
Community First stock repurchase receives authorization
A stock repurchase plan has been authorized for Community First Bankshares, Inc., Fargo, N.D. Directors have authorized the repurchase of up to 3 million shares of common stock. This represents approximately 8% of the common stock currently outstanding.This is the fourth repurchase program authorized since April 2000. Each of the...
Community First Bankshares announces redemption, offering
Community First Bankshares, Fargo, N.D., has announced that it will redeem all of the 8.2% junior subordinated debentures that it issued in 1997, thereby triggering the redemption of all 2.4 million of the 8.2% cumulative capital securities issued by CFB Capital II, a Delaware statutory trust, in 1997. The junior...
The San Diego Union-Tribune Business People Column.
The San Diego Union-Tribune Knight Ridder/Tribune Business News Nov. 16--MIKE FOLEY has been named vice president and regional credit officer for Community First Bankshares. Foley will be based out of the El Cajon offices and be responsible for credit approval and portfolio...
Fitch Ratings Assigns 'BBB-' To Community First Bankshares, Inc
Business Editors
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Thomas R Anderson | President and Chief Executive Officer |
| Craig A Weiss | Executive Vice President, Chief Financial Officer |
| Dan M Fisher | Executive Vice President, Chief Information Officer |
| Bradley J Rasmus | Executive Vice President, Division President |
| Bruce A Heysse | Executive Vice President, Senior Credit Officer |
| Charles A Mausbach | Executive Vice President, Western Region President |
| Gary A Knutson | Executive Vice President |
| Thomas J Rohleder | Senior Vice President, General Counsel |
| Douglas G Vang | Executive Vice President, Director |
| Patricia J Staples | Executive Vice President, Director |
| Marilyn R. Seymann | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Ronald K Strand | Chairman, Chief Operating Officer |
| Organization | Position | Status |
|---|---|---|
| Community First Bankshares, Inc. | President and Chief Executive Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Community First Bankshares, Inc. | Executive Vice President, Chief Financial Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Community First Bankshares, Inc. | Executive Vice President, Chief Information Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Community First Bankshares, Inc. | Chairman, Chief Operating Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Community First Bankshares, Inc. | Executive Vice President, Division President | Current |
| Organization | Position | Status |
|---|---|---|
| Community First Bankshares, Inc. | Executive Vice President, Senior Credit Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Community First Bankshares, Inc. | Executive Vice President, Western Region President | Current |
| Organization | Position | Status |
|---|---|---|
| Community First Bankshares, Inc. | Executive Vice President | Current |
| Organization | Position | Status |
|---|---|---|
| Community First Bankshares, Inc. | Senior Vice President, General Counsel | Current |
| Organization | Position | Status |
|---|---|---|
| Community First Bankshares, Inc. | Executive Vice President, Director | Current |
| Organization | Position | Status |
|---|---|---|
| Community First Bankshares, Inc. | Executive Vice President, Director | Current |
Marilyn R. Seymann, Director, has served as one of our directors since her election in April 2002. Since 2007, Dr. Seymann has served as Chairman and Chief Executive Officer of the International Institute of the Americas, a college focused on adult education. Before that, she was Associate Dean of the College of Law at Arizona State University from 2005 to 2007 and President and Chief Executive Officer of M One, Inc., a corporate strategy and governance consulting firm for public and private companies, from 1991 to 2005. Prior to forming M One, she held senior management positions with Chase Bank, Arthur Andersen, and was the Associate Dean of the College of Business at Arizona State University. Dr. Seymann holds a B.A. from Brandeis University, an M.A. from Columbia University, and a Ph.D. from California Western University. She is a director of Beverly Enterprises, Inc., Community First Bankshares, Inc., and NorthWestern Corporation.
| Organization | Position | Status |
|---|---|---|
| The International Institute | Chief Executive Officer | Current |
| The International Institute | Chairman | Current |
| MAXIMUS, Inc. | Chair | Current |
| Maximus Erp Solutions | Director | Current |
| Community First Bankshares, Inc. | Director | Current |
| Golden Gate National Senior Care Holdings LLC | Director | Current |
| NorthWestern Corporation | Director | Current |
| Draupnir LLC | Board of Directors | Current |
| Mone | Chief Executive Officer | Former |
| Mone | President | Former |
| Arizona State University | Associate Dean | Former |
| United States International University | Ph.D. | Former |
| Columbia University | M.A. | Former |
| Brandeis University | B.A. | Former |
| FBI Citizens' Academy | Former |
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