First Interstate BancSystem of Montana, the first bank company denied the right to merge solely because of a subsidiary's failure to comply with the Community Reinvestment Act, has put on hold its appeal of the decision.

The Billings-based company, which is not related to First Interstate Bancorp of California, asked the U.S. Court of Appeals for the District of Columbia last fall to overturn the Federal Reserve Board's denial of its application to merge with Commerce Bancshares of Wyoming Inc.

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