M&A Deal Summary

Glacier Bank Acquires Inter-Mountain Bancorp.

On October 26, 2017, Glacier Bank acquired financial services company Inter-Mountain Bancorp.

Acquisition Highlights
  • This is Glacier Bank’s 25th transaction in the Financial Services sector.
  • This is Glacier Bank’s 25th transaction in the United States.
  • This is Glacier Bank’s 9th transaction in Montana.

M&A Deal Summary
Date 2017-10-26
Target Inter-Mountain Bancorp.
Sector Financial Services
Buyer(s) Glacier Bank
Deal Type Add-on Acquisition
Advisor(s) Holland & Hart LLP
Christian, Samson & Baskett (Legal)

Target

Inter-Mountain Bancorp.

Bozeman, Montana, United States
Inter-Mountain Bancorp., Inc. is a bank holding company for First Security Bank, a community bank based in Bozeman, Montana. First Security Bank provides banking services to individuals and businesses throughout Montana with eleven banking offices located in Bozeman, Belgrade, Big Sky, Choteau, Fairfield, Fort Benton, Three Forks, Vaughn and West Yellowstone.

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Buyer(S) 1

Buyer

Glacier Bank

Kalispell, Montana, United States

website

Category Company
Founded 1955
Sector Financial Services
Employees2,837
Revenue 892M USD (2022)
DESCRIPTION

Glacier Bank is a regional bank holding company providing commercial banking services in 79 communities in Montana, Idaho, Utah, Washington, Wyoming and Colorado. Glacier Bank was founded in 1955 and is based in Kalispell, Montana.

DEAL STATS #
Overall 25 of 29
Sector (Financial Services) 25 of 29
Type (Add-on Acquisition) 24 of 28
State (Montana) 9 of 9
Country (United States) 25 of 29
Year (2017) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-15 TFB Bancorp

Yuma, Arizona, United States

TFB Bancorp, Inc. is a holding company for The Foothills Bank, a community bank that provides banking services.

Buy $64M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-16 First National Bank of Layton

Layton, Utah, United States

First National Bank of Layton (FNB Bancorp.) provides banking services to individuals and businesses throughout Utah with six banking offices located in Layton, Bountiful, Clearfield, and Draper. As of September 30, 2018, FNB had total assets of $326 million, gross loans of $243 million and total deposits of $278 million.

Buy -
Mergr

Product

Company

Legal