M&A Deal Summary

Glacier Bank Acquires Canyon National Bank

On July 30, 2015, Glacier Bank acquired financial services company Canyon National Bank from Pacific Premier Bank for 16M USD

Acquisition Highlights
  • This is Glacier Bank’s 21st transaction in the Financial Services sector.
  • This is Glacier Bank’s 16th largest (disclosed) transaction.
  • This is Glacier Bank’s 21st transaction in the United States.
  • This is Glacier Bank’s 3rd transaction in Colorado.

M&A Deal Summary
Date 2015-07-30
Target Canyon National Bank
Sector Financial Services
Buyer(s) Glacier Bank
Sellers(s) Pacific Premier Bank
Deal Type Divestiture
Deal Value 16M USD
Advisor(s) Keefe, Bruyette, & Woods, Inc. (Financial)
Stinson (Legal)

Target

Canyon National Bank

Canon City, Colorado, United States
Canyon National Bank is a provider of commercial banking services.

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Buyer(S) 1

Buyer

Glacier Bank

Kalispell, Montana, United States
Category Company
Founded 1955
Sector Financial Services
Employees3,438
Revenue 789M USD (2023)
DESCRIPTION

Glacier Bank is a regional bank holding company providing commercial banking services. Glacier Bank was founded in 1955 and is based in Kalispell, Montana.

DEAL STATS #
Overall 21 of 29
Sector (Financial Services) 21 of 29
Type (Divestiture) 1 of 1
State (Colorado) 3 of 4
Country (United States) 21 of 29
Year (2015) 1 of 2
Size (of disclosed) 16 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-05 Community Bank

Ronan, Montana, United States

Community Bank, Inc. is a provider of financial services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-02 Canon National Bank

Canon City, Colorado, United States

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.

Buy -

Seller(S) 1

SELLER

Pacific Premier Bank

Irvine, California, United States
Category Company
Founded 1983
Sector Financial Services
Employees1,345
Revenue 409M USD (2023)
DESCRIPTION

Pacific Premier Bank is a provider of financial services. The company accepts deposit products, which includes checking, money market, savings accounts, and certificates of deposit. Pacific Premier Bank was founded in 1983 and is based in Irvine, California.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Divestiture) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-22 Independence Bank

Newport Beach, California, United States

Independence Bank is a full-service commercial bank, providing its customers customized personal banking, business banking, and commercial real estate lending solutions.

Buy $715M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-01 Security California Bancorp.

Riverside, California, United States

Security California Bancorp. is a provider of banking services for businesses, their owners and families, and successful individuals.

Buy $119M
Mergr

Product

Company

Legal