Glacier Bancorp Acquires Guaranty Bancshares in $476.2M Deal

By Bobby Samwell • Wednesday, June 25 15:29 • Permanent Link

Glacier Bancorp, Inc. has announced a definitive agreement to acquire Guaranty Bancshares, Inc. in an all-stock transaction. This marks Glacier's 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 acquisition is valued at $476.2 million, with Guaranty shareholders set to receive 1.0000 share of Glacier stock for each Guaranty share, subject to adjustment under certain circumstances.

Upon closing of the transaction, 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, emphasized that the acquisition aligns strategically and culturally within the unique Glacier business model and will allow the company to enter a complementary state with an exceptional demographic profile, strong growth prospects, and a business-friendly operating environment.

Guaranty’s Chairman and CEO, Ty Abston, expressed excitement about joining the Glacier family of banks, highlighting the partnership's potential to provide added strength to Guaranty, with the support of a larger balance sheet and the resources to invest in the latest technologies and products to serve their existing and future customers.

The transaction is anticipated to take place in the fourth quarter of 2025. Upon closing, management will review additional information regarding the transaction on a conference call scheduled for June 25, 2025.

Glacier Bancorp, Inc. 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.

Glacier Bancorp, Inc. is the parent company for Glacier Bank and its bank divisions, while Guaranty Bancshares, Inc. is the parent company for Guaranty Bank & Trust, N.A. As of March 31, 2025, Guaranty Bancshares, Inc. had total assets of $3.2 billion, total loans of $2.1 billion, and total deposits of $2.7 billion. The market has reacted to these announcements by moving the company's shares 0.31% to a price of $42.50. Check out the company's full 8-K submission here.

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