Glacier Bancorp Explained

Type:Public
Location City:49 Commons Loop
Kalispell, Montana
Area Served:Arizona, Colorado, Idaho, Montana, Nevada, Utah, Washington, and Wyoming
Revenue: US$ 82.8 million (2022)
Operating Income: US$ 79.6 million (2022)
Net Income: US$ 303 million (2022)
Assets: US$ 26.6 billion (2022)
Equity: US$ 1.816 billion (2022)
Num Employees:3552 (2022)
Divisions:Altabank (UT)
Bank of the San Juans (CO)
Citizens Community Bank (ID)
Collegiate Peaks Bank (CO)
First Bank (WY)
First Bank of Montana (MT)
First Community Bank Utah (UT)
First Security Bank (MT)
First Security Bank of Missoula (MT)
First State Bank (WY)
Glacier Bank (MT)
Heritage Bank of Nevada (NV)
Mountain West Bank (ID)
North Cascades Bank (WA)
The Foothills Bank (AZ)
Valley Bank of Helena (MT)
Western Security Bank (MT)
Location Country:U.S.
Num Locations:221

Glacier Bancorp, Inc. is a regional multi-bank holding company headquartered in Kalispell, Montana, United States.[1] It is a successor corporation to the Delaware corporation originally incorporated in 1990.[2] The company provides personal and commercial banking services from 221 locations in Montana, Idaho, Utah, Washington, Wyoming, Colorado, Arizona, and, Nevada.

The company offers a wide range of banking products and services, including: retail banking; business banking; real estate, commercial, agriculture, and consumer loans; mortgage origination and loan servicing. Glacier Bancorp Inc. serves individuals, small to medium-sized businesses, community organizations and public entities.

Divisions

Glacier Bancorp, Inc. is the parent company to seventeen independently-operated banks across the Mountain West.

History

First Federal Savings and Loan, now known as Glacier Bank (a subsidiary of Glacier Bancorp, Inc.) was founded in 1955 in Kalispell, Montana by a group of local businessmen. With a charter costing $150,000 in 1955, the founding directors raised $172,000 from 127 Flathead citizens to officially get the bank off the ground.[3] [4]

In 1984, the bank went public as First Federal Savings Bank of Montana. Glacier Bancorp Inc. was established in 1990 as the parent company of First Federal. First Federal was then renamed to Glacier Bank in 1992.

On February 25, 2013, Glacier Bancorp, Inc. acquired Wyoming-based First State Bank, which held $281 million in assets as of December 31st, 2012.[5]

On March 1, 2015, Glacier Bancorp, Inc. acquired Ronan-based Community Bank, which held $175 million in assets as of December 31st, 2014.[6] [7]

In 2017, Glacier Bancorp merged with First Security Bank.[8]

On January 31, 2018, Glacier Bancorp acquired Columbine Capital Corp. and its subsidiary, Collegiate Peaks Bank.[9]

On March 1, 2018, Glacier Bancorp acquired Inter-Mountain Bancorp and its subsidiary, First Security Bank.[10]

On April 30, 2019, Glacier Bancorp, Inc. acquired FNB Bancorp and its wholly-owned subsidiary, The First National Bank of Layton, which held $326 million in assets as of September 30th, 2018.[11]

On July 31, 2019, Glacier Bancorp, Inc. acquired Heritage Bancorp and its wholly-owned subsidiary, Heritage Bank of Nevada, which held $842 million in assets as of June 30th, 2019.[12]

On February 29, 2021, Glacier Bancorp, Inc. acquired State Bank Corp. and its wholly-owned subsidiary, State Bank of Arizona, which held $677.6 million in assets as of December 31st, 2020.[13]

On October 1, 2021, Glacier Bancorp, Inc. acquired Utah-based Altabancorp and its wholly-owned subsidiary, Altabank, for $933.5 million.[14] [15]

Locations / Properties

Glacier Bancorp, Inc. has 221 locations, consisting of 187 branches and 34 loan or administration offices, within 8 states across the Mountain West.

Glacier Bancorp, Inc. Locations!State!Number of Locations!Number of Counties Served!Percent of Deposits
Montana701826.3%
Idaho30118.5%
Utah388.5%
Washington1565.8%
Wyoming191015%
Colorado26131.8%
Arizona 167.8%
Nevada736.1%
Total22176
Glacier Bancorp, Inc. Property Value!State !Properties Leases !Properties Owned!Net Book Value
Montana 961$114,423,000
Utah632$60,464,000
Idaho723$38,241,000
Colorado 521$29,822,000
Wyoming415$16,100,000
Arizona 79$15,716,000
Nevada16$10,641,000
Washington510$4,787,000
Total 44177$290,194,000

Leadership

Board of Directors

Source:

Senior Leadership

External links

NASDAQ:

Notes and References

  1. Web site: Glacier Bancorp, Inc. Announces Acquisition of First State Bank in Wheatland, Wyoming. 2021-10-29. www.sec.gov.
  2. Web site: Inline XBRL Viewer . 2023-05-11 . www.sec.gov.
  3. Book: Business Knowledge for IT in Global Retail Banking. 2011. Essvale Corporation Limited. 978-1906096137. 63 Apollo Building 1 Newton Place London. 41.
  4. Web site: Glacier Bancorp, Inc. Encyclopedia.com . 2023-05-15 . www.encyclopedia.com.
  5. News: Gross . Charles . 25 February 2013 . Glacier Bancorp Acquires First State Bank in Wheatland, WY . English . Benzinga . 29 October 2021.
  6. News: Devlin . Vince . Ronan-based Community Bank acquired by Glacier Bancorp . en . missoulian.com . 29 October 2021.
  7. Web site: Glacier . Bancorp . 2015-03-02 . Glacier Bancorp, Inc. Completes Acquisition of Community Bank, Inc. in Ronan, Montana . 2023-05-16 . GlobeNewswire News Room . en.
  8. News: Monares . Freddy Monares . First Security Bank, Glacier Bancorp announce merger . en . Bozeman Daily Chronicle . 6 October 2021.
  9. Glacier Bancorp, Inc. Announces Acquisition of Columbine Capital Corp. in Buena Vista, Colorado . 6 June 2017 . en . 11 May 2023 . Glacier Bancorp, Inc. . GlobeNewswire News Room.
  10. Glacier Bancorp, Inc. Completes Acquisition of Inter-Mountain Bancorp., Inc. in Bozeman, Montana . 1 March 2018 . en . 11 May 2023 . Glacier Bancorp, Inc. . GlobeNewswire News Room.
  11. Web site: Banking Essentials Newsletter: 3rd May Edition . 2023-05-12 . www.spglobal.com . en-us.
  12. Web site: Inc . Glacier Bancorp . 2019-08-01 . Glacier Bancorp, Inc. Completes Acquisition of Heritage Bancorp in Reno, Nevada . 2023-05-12 . GlobeNewswire News Room . en.
  13. Web site: Glacier Bancorp acquires Arizona-based State Bank . 2023-05-12 . www.spglobal.com . en-us.
  14. News: 19 May 2021. Glacier Bancorp (GBCI) to Buy Altabancorp (ALTA) for $933.5M. Nasdaq.
  15. News: 5 October 2021. Glacier (GBCI) Concludes Altabancorp Buyout, Expands in Utah. Nasdaq.