Glacier Bancorp, Inc. entered into purchase agreement to acquire Six Rocky Mountain Bank branches division of HTLF in Montana.
February 11, 2024
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Glacier Bancorp, Inc. (NYSE:GBCI) signed a definitive agreement to acquire Six Rocky Mountain Bank branches division of HTLF in Montana on February 12, 2024. Upon closing of the transaction, Glacier Bank intends that the Branches will join Glacier Bank divisions operating in Montana. Consummation of the transaction is subject to required regulatory approvals and other customary conditions of closing. As of April 18, 2024 the transaction has received all regulatory approvals required to complete the transaction. The transaction is expected to be completed in July 2024, subject to customary closing conditions.
D.A. Davidson & Co. acted as a financial advisor and Miller Nash LLP acted as a legal counsel to Glacier Bank. Keefe, Bruyette & Woods, A Stifel Company acted as a financial advisor and Otteson Shapiro LLP acted as a legal counsel to HTLF.
Glacier Bancorp, Inc. is the parent company for Glacier Bank and its bank divisions. The Company provides a range of banking services to individuals and businesses from 221 locations in Montana, Idaho, Utah, Washington, Wyoming, Colorado, Arizona and Nevada through its wholly owned bank subsidiary, Glacier Bank (Bank). It offers a range of banking products and services, including retail banking, business banking, real estate, commercial, agriculture and consumer loans, and mortgage origination and loan servicing. It serves individuals, small to medium-sized businesses, community organizations and public entities. Its bank divisions include Glacier Bank (Kalispell, Montana), First Security Bank of Missoula (Missoula, Montana), Valley Bank of Helena (Helena, Montana), First Security Bank (Bozeman, Montana), Western Security Bank (Billings, Montana), First Bank of Montana (Lewistown, Montana), First Community Bank Utah (Layton, Utah), Mountain West Bank (Coeur dâAlene, Idaho) and others.