M&A Deal Summary

Glacier Bank Acquires Citizens Bank Holding

On December 15, 2004, Glacier Bank acquired financial services company Citizens Bank Holding for 17M USD

Acquisition Highlights
  • This is Glacier Bank’s 9th transaction in the Financial Services sector.
  • This is Glacier Bank’s 15th largest (disclosed) transaction.
  • This is Glacier Bank’s 9th transaction in the United States.
  • This is Glacier Bank’s 2nd transaction in Idaho.

M&A Deal Summary

Date 2004-12-15
Target Citizens Bank Holding
Sector Financial Services
Buyer(s) Glacier Bank
Deal Type Add-on Acquisition
Deal Value 17M USD

Target

Citizens Bank Holding

Idaho, United States
Citizens Bank Holding Co. is a bank holding company for Citizens Community Bank , an Idaho state chartered bank with two full service branches in Pocatello and one full service branch in Idaho Falls.

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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 9 of 29
Sector (Financial Services) 9 of 29
Type (Add-on Acquisition) 9 of 28
State (Idaho) 2 of 2
Country (United States) 9 of 29
Year (2004) 2 of 2
Size (of disclosed) 15 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-22 First National Banks - West

Evanston, Wyoming, United States

First National Banks - West Co. ("FNB") is a bank holding company for First National Bank - West, a commercial bank with approximately $240 million in assets with seven locations in western Wyoming, including Evanston (2), Kemmerer, Mountain View, Pinedale, Alpine and Afton.

Buy $41M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-31 Thompson Falls Holding

Thompson Falls, Montana, United States

Thompson Falls Holding Co. is a bank holding company for First State Bank, a commercial bank with branches in Thompson Falls, Plains and Dillon. Its assets are worth about $156 million.

Buy $22M