In the latest sign of how banking consolidation could change the structure of regional associations, First Interstate Bancorp has decided to drop its memberships in several automated clearing houses.

Despite having operations spread across 13 states, First Interstate said it will focus its relevant funds transfer energies in Western Payments Alliance, the ACH association based in the company's home state of California.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.