Glacier Bancorp to Acquire Guaranty Bancshares

By Bobby Samwell • Wednesday, June 25 10:17 • Permanent Link

Glacier Bancorp, Inc. is set to acquire Guaranty Bancshares, Inc., marking its 27th bank acquisition since 2000 and its 13th announced transaction in the past 10 years. As of March 31, 2025, Guaranty had total assets of $3.2 billion, total gross loans of $2.1 billion, and total deposits of $2.7 billion.

The definitive agreement states that upon closing of the transaction, Guaranty shareholders are to receive 1.0000 share of Glacier stock for each Guaranty share. Based on the closing price of $41.58 for Glacier shares on June 23, 2025, the transaction would result in aggregate consideration of $476.2 million and a value of $41.58 per Guaranty share.

The acquisition is anticipated to take place in the fourth quarter of 2025, at which point Guaranty Bank & Trust will operate as a new banking division under the name "Guaranty Bank & Trust, division of Glacier Bank," representing Glacier’s 18th separate bank division.

Glacier’s President and CEO, Randy Chesler, expressed excitement about the acquisition, stating that it presents a compelling opportunity to expand their presence in the Southwest and allows them to enter a complementary state with exceptional demographic profile, strong growth prospects, and a business-friendly operating environment.

Upon closing of the transaction, Guaranty Bank & Trust's chairman and CEO, Ty Abston, highlighted the partnership as an opportunity to position Guaranty Bank & Trust for the future, allowing them to continue to grow and invest in their communities and customers.

The transaction will be reviewed in a conference call on June 25, 2025, and investors can access additional information on Glacier's website or through their SEC filing. Glacier was advised in the transaction by Stephens Inc. as financial advisor and Miller Nash LLP as legal counsel, while Guaranty was advised by Keefe Bruyette & Woods and Norton Rose Fulbright US LLP.

Glacier Bancorp, Inc. and its bank divisions, along with Guaranty Bancshares, Inc., have provided specific figures and details about the acquisition, offering a comprehensive view of the transaction's impact and future prospects. Today the company's shares have moved 1.37% to a price of $42.15. For more information, read the company's full 8-K submission here.

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