Glacier Bancorp, Inc. (NYSE: GBCI) has announced that it has received all the necessary regulatory approvals for its acquisition of Bank of Idaho Holding Co. (OTCQX: BOID) and its bank subsidiary, Bank of Idaho. The transaction is set to be completed on April 30, 2025, pending satisfaction of the remaining closing conditions and approval by BOID shareholders at a special meeting scheduled for April 21, 2025.
Glacier Bancorp, Inc. serves as the parent company for Glacier Bank and its various bank divisions across different states. These divisions include Altapank, Bank of the San Juans, Citizens Community Bank, Collegiate Peaks Bank, First Bank of Montana, First Bank of Wyoming, First Community Bank Utah, First Security Bank, First Security Bank of Missoula, First State Bank, Glacier Bank, Heritage Bank of Nevada, Mountain West Bank, The Foothills Bank, Valley Bank, Western Security Bank, and Wheatland Bank.
The acquisition marks a significant development for Glacier Bancorp, Inc. as it expands its presence and offerings in the banking sector. With the approval from regulatory authorities in place, the company is moving forward with the final stages of the merger process, aiming to enhance its position in the market.
For more information and details about the transaction, shareholders are encouraged to review the registration statement on Form S-4 filed with the SEC, which includes a proxy statement of BOID and a prospectus of Glacier, along with other relevant documents related to the proposed transaction.
The acquisition is poised to bring about notable changes in Glacier Bancorp, Inc.'s financial metrics and market position, reflecting the company's strategic growth and expansion efforts. Today the company's shares have moved -8.1% to a price of $38.2. If you want to know more, read the company's complete 8-K report here.
