M&A Deal Summary

Glacier Bank Acquires The First National Bank of Morgan

On August 31, 2006, Glacier Bank acquired financial services company The First National Bank of Morgan for 20M USD

Acquisition Highlights
  • This is Glacier Bank’s 11th transaction in the Financial Services sector.
  • This is Glacier Bank’s 14th largest (disclosed) transaction.
  • This is Glacier Bank’s 11th transaction in the United States.
  • This is Glacier Bank’s 1st transaction in Utah.

M&A Deal Summary
Date 2006-08-31
Target The First National Bank of Morgan
Sector Financial Services
Buyer(s) Glacier Bank
Deal Type Add-on Acquisition
Deal Value 20M USD
Advisor(s) Hovde Group LLC (Financial)
Rothgerber Johnson & Lyons LLP (Legal)

Target

The First National Bank of Morgan

Morgan, Utah, United States
The First National Bank of Morgan provides a range of banking services to the corporate, institutional, and governmental clients.

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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 11 of 29
Sector (Financial Services) 11 of 29
Type (Add-on Acquisition) 11 of 28
State (Utah) 1 of 3
Country (United States) 11 of 29
Year (2006) 1 of 2
Size (of disclosed) 14 of 22
PREVIOUS 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
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-10-01 Citizens Development

Billings, Montana, United States

Citizens Development Company operates as a bank holding company provides banking services.

Buy $77M
Mergr

Product

Company

Legal