M&A Deal Summary

Glacier Bank Acquires Treasure State Bank

On April 20, 2016, Glacier Bank acquired financial services company Treasure State Bank

Acquisition Highlights
  • This is Glacier Bank’s 23rd transaction in the Financial Services sector.
  • This is Glacier Bank’s 23rd transaction in the United States.
  • This is Glacier Bank’s 8th transaction in Montana.

M&A Deal Summary

Date 2016-04-20
Target Treasure State Bank
Sector Financial Services
Buyer(s) Glacier Bank
Deal Type Add-on Acquisition
Advisor(s) D.A. Davidson (Financial)
Bjornson Jones Mungas (Legal)

Target

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.

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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 23 of 29
Sector (Financial Services) 23 of 29
Type (Add-on Acquisition) 22 of 28
State (Montana) 8 of 9
Country (United States) 23 of 29
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-02 Canon National Bank

Canon City, Colorado, United States

Canon National Bank is a community bank provides banking services to individuals and businesses in south central Colorado, with nine banking offices located in Colorado Springs, Pueblo, Pueblo West, Cañon City, Colorado City, and Florence.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-15 TFB Bancorp

Yuma, Arizona, United States

TFB Bancorp, Inc. is a holding company for The Foothills Bank, a community bank that provides banking services.

Buy $64M