Glacier Bancorp Completes Acquisition of Six Montana Branch Locations of HTLF Bank

Glacier Bancorp, Inc.'s wholly owned subsidiary, Glacier Bank, has completed the acquisition of six Montana branch locations of HTLF Bank, including deposits, loans, owned real estate, and fixed and other assets associated with the branches. The acquired branches are located in Billings, Bozeman, Plentywood, Stevensville, and Whitehall, Montana. This acquisition joins Glacier Bank's existing divisions operating in Montana, including First Bank of Montana, First Security Bank of Bozeman, and First Security Bank of Missoula, among others.

Key Takeaways:

• Glacier Bancorp, Inc. completed the acquisition of six Montana branch locations of HTLF Bank on July 19, 2024, expanding its presence in the state.
• The acquired branches are located in Billings, Bozeman, Plentywood, Stevensville, and Whitehall, Montana.
• The acquisition includes deposits, loans, owned real estate, and fixed and other assets associated with the branches.
• The branches have joined Glacier Bank's existing divisions operating in Montana, including First Bank of Montana, First Security Bank of Bozeman, and First Security Bank of Missoula.
• Glacier Bancorp now operates through a network of 44 banking divisions across eight states.
• The acquisition is expected to bring benefits to Glacier Bank's earnings per share and liquidity.
• The transaction was completed as part of Glacier Bank's strategic growth plans to expand its presence in Montana and the surrounding region.

Statistics:

• 6: The number of Montana branch locations acquired by Glacier Bank from HTLF Bank.
• 44: The number of banking divisions operated by Glacier Bancorp across eight states.
• 8: The number of states where Glacier Bancorp operates its banking divisions.
• 2024-07-19: The date of the acquisition completion.

Sources:

• GlobeNewswire (MIL-OSI) press release, "Glacier Bancorp, Inc. Completes Acquisition of Six Montana Branch Locations of HTLF Bank", July 22, 2024.