M&A Deal Summary

Glacier Bank Acquires Wheatland Bank

On August 8, 2023, Glacier Bank acquired financial services company Wheatland Bank

Acquisition Highlights
  • This is Glacier Bank’s 29th transaction in the Financial Services sector.
  • This is Glacier Bank’s 29th transaction in the United States.
  • This is Glacier Bank’s 4th transaction in Washington.

M&A Deal Summary
Date 2023-08-08
Target Wheatland Bank
Sector Financial Services
Buyer(s) Glacier Bank
Deal Type Add-on Acquisition
Advisor(s) Piper Sandler & Co. (Financial)
Otteson Shapiro (Legal)

Target

Wheatland Bank

Spokane, Washington, United States
Wheatland Bank is an Eastern Washington community bank that provides various banking products and services for individuals and businesses. It offers checking, saving, and individual and business retirement accounts. Wheatland Bank is based in Spokane, Washington.

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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 29 of 29
Sector (Financial Services) 29 of 29
Type (Add-on Acquisition) 28 of 28
State (Washington) 4 of 4
Country (United States) 29 of 29
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-18 Altabank

American Fork, Utah, United States

Altabancorp is the bank holding company for Altabank, a full-service bank, providing loans, deposit and cash management services to businesses and individuals through 25 branch locations from Preston, Idaho to St. George, Utah. AltabankTM is a community bank in Utah with total assets of $3.5 billion. Its clients have direct access to bankers and decision-makers, who work with clients to understand their specific needs and offer customized financial solutions. AltabankTM has been serving communities in Utah and southern Idaho for more than 100 years.

Buy $934M
Mergr

Product

Company

Legal