Great Western Bancorp, Inc.

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GREAT WESTERN MERGER INVESTIGATION: HALPER SADEH LLP ANNOUNCES INVESTIGATION INTO WHETHER THE SALE OF GREAT WESTERN BANCORP, INC. IS FAIR TO SHAREHOLDERS; INVESTORS ARE ENCOURAGED TO CONTACT THE FIRM – GWB

September 16, 2021.

New York, New York—Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of Great Western Bancorp, Inc. (NYSE: GWB) to First Interstate BancSystem, Inc. is fair to Great Western shareholders. Under the terms of the agreement, Great Western shareholders will receive .8425 shares of First Interstate Class A common stock for each Great Western share they own. Following completion of the transaction, Great Western shareholders will collectively own 43% of the combined company.

The investigation concerns whether Great Western and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Great Western shareholders; (2) determine whether First Interstate is underpaying for Great Western; and (3) disclose all material information necessary for Great Western shareholders to adequately assess and value the merger consideration. On behalf of Great Western shareholders, Halper Sadeh LLP may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits.

Halper Sadeh LLP represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

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