M&A Deal Summary

Glacier Bank Acquires TFB Bancorp

On November 15, 2016, Glacier Bank acquired financial services company TFB Bancorp for 64M USD

Acquisition Highlights
  • This is Glacier Bank’s 24th transaction in the Financial Services sector.
  • This is Glacier Bank’s 5th largest (disclosed) transaction.
  • This is Glacier Bank’s 24th transaction in the United States.
  • This is Glacier Bank’s 1st transaction in Arizona.

M&A Deal Summary
Date 2016-11-15
Target TFB Bancorp
Sector Financial Services
Buyer(s) Glacier Bank
Deal Type Add-on Acquisition
Deal Value 64M USD
Advisor(s) Keefe, Bruyette, & Woods, Inc. (Financial)
Hogan Lovells (Legal)

Target

TFB Bancorp

Yuma, Arizona, United States
TFB Bancorp, Inc. is a holding company for The Foothills Bank, a community bank that provides 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 24 of 29
Sector (Financial Services) 24 of 29
Type (Add-on Acquisition) 23 of 28
State (Arizona) 1 of 1
Country (United States) 24 of 29
Year (2016) 2 of 2
Size (of disclosed) 5 of 22
PREVIOUS 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 -
FOLLOWING 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 -
Mergr

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Legal