M&A Deal Summary

Glacier Bank Acquires Canon National Bank

On November 2, 2015, Glacier Bank acquired financial services company Canon National Bank

Acquisition Highlights
  • This is Glacier Bank’s 22nd transaction in the Financial Services sector.
  • This is Glacier Bank’s 22nd transaction in the United States.
  • This is Glacier Bank’s 4th transaction in Colorado.

M&A Deal Summary

Date 2015-11-02
Target Canon National Bank
Sector Financial Services
Buyer(s) Glacier Bank
Deal Type Add-on Acquisition
Advisor(s) Keefe, Bruyette, & Woods, Inc. (Financial)
Stinson Leonard Street LLP (Legal)

Target

Canon National Bank

Canon City, Colorado, United States
website
Canon National Bank is a community bank provides banking services to individuals and businesses in south central Colorado, with nine banking offices located in Colorado Springs, Pueblo, Pueblo West, Cañon City, Colorado City, and Florence.

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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 763M USD (2020)
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 22 of 28
Sector (Financial Services) 22 of 28
Type (Add-on Acquisition) 21 of 27
State (Colorado) 4 of 4
Country (United States) 22 of 28
Year (2015) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-30 Canyon National Bank

Canon City, Colorado, United States

Canyon National Bank is a provider of commercial banking services.

Buy $16M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-20 Treasure State Bank

Missoula, Montana, United States

Treasure State Bank is a provider of banking services to individuals and businesses in the greater missoula market.

Buy -