Glacier Bancorp, Inc. has announced the acquisition of Guaranty Bancshares, Inc. in an all-stock transaction. 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 transaction is valued at $476.2 million, with Guaranty shareholders to receive 1.0000 share of Glacier stock for each Guaranty share.
Upon closing of the transaction, which is expected in the fourth quarter of 2025, Guaranty Bank & Trust will operate as a new banking division under the name "Guaranty Bank & Trust, Division of Glacier Bank," making it Glacier’s 18th separate bank division.
Glacier Bancorp's President and CEO, Randy Chesler, expressed excitement about the expansion, stating that the acquisition aligns strategically and culturally within the unique Glacier business model, allowing the company to enter a complementary state with strong growth prospects and a business-friendly operating environment.
Guaranty’s Chairman and CEO, Ty Abston, highlighted the 100+ year history of Guaranty Bank & Trust and emphasized that the partnership with Glacier Bancorp will position Guaranty for future growth and investment in communities, with customers dealing with the same familiar faces and management team.
The acquisition marks Glacier’s 27th bank acquisition since 2000 and its 13th announced transaction in the past 10 years. This move continues the company's history of consistently adding high-quality community banks to its proven banking model.
Glacier Bancorp was advised in the transaction by Stephens Inc. as a financial advisor and Miller Nash LLP as legal counsel. Guaranty was advised by Keefe Bruyette & Woods, a Stifel company as a financial advisor and Norton Rose Fulbright US LLP as legal counsel. The market has reacted to these announcements by moving the company's shares 1.85% to a price of $42.37. If you want to know more, read the company's complete 8-K report here.
