M&A Deal Summary

Glacier Bank Acquires First National Bank of Layton

On January 16, 2019, Glacier Bank acquired financial services company First National Bank of Layton

Acquisition Highlights
  • This is Glacier Bank’s 26th transaction in the Financial Services sector.
  • This is Glacier Bank’s 26th transaction in the United States.
  • This is Glacier Bank’s 2nd transaction in Utah.

M&A Deal Summary

Date 2019-01-16
Target First National Bank of Layton
Sector Financial Services
Buyer(s) Glacier Bank
Deal Type Add-on Acquisition
Advisor(s) Sandler O'Neill + Partners (Financial)
Sheppard Mullin (Legal)

Target

First National Bank of Layton

Layton, Utah, United States
First National Bank of Layton provides banking services to individuals and businesses throughout Utah with six banking offices located in Layton, Bountiful, Clearfield, and Draper. First National Bank of Layton is based in Layton, Utah.

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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 26 of 29
Sector (Financial Services) 26 of 29
Type (Add-on Acquisition) 25 of 28
State (Utah) 2 of 3
Country (United States) 26 of 29
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-26 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-03 Heritage Bank of Nevada

Reno, Nevada, United States

Heritage Bank of Nevada provides banking services to individuals and businesses throughout Northern Nevada with seven banking offices located in Carson City, Gardnerville, Reno, and Sparks. As of December 31, 2018, Heritage Bank of Nevada had total assets of $829.7 million, gross loans of $595.6 million and total deposits of $720.5 million.

Buy $241M