On May 18, 2021, Altabancorp issued a press release announcing that the Company and Glacier Bancorp, Inc. (GBCI) had entered into a Plan and Agreement of Merger, dated as of May 18, 2021, pursuant to which, on the terms and subject to the conditions set in the Merger Agreement, the Company will merge with and into GBCI (the Merger), with GBCI surviving the Merger.