Glacier Bancorp Completes Acquisition of Bank of Idaho Holding Company

Glacier Bancorp Receives Final Regulatory Approvals for Its Acquisition of Bank of Idaho Holding Co.

BOZEMAN, Mont., April 25, 2023 /PRNewswire/ -- Glacier Bancorp, Inc. (Glacier), the parent company of Glacier Bank, is pleased to announce that it has received the final regulatory approvals necessary for its acquisition of Bank of Idaho Holding Co. (Bank of Idaho).

As previously announced, Glacier entered into a definitive agreement to acquire Bank of Idaho, a community bank based in Idaho Falls, Idaho, in a transaction valued at approximately $120 million. The acquisition is expected to enhance Glacier's presence in the Idaho market and provide opportunities for growth and expansion.

"We are thrilled to have received the final regulatory approvals for this transaction," said Walter N. Davis, President and CEO of Glacier Bancorp. "We believe that Bank of Idaho is an excellent fit for our organization, and we look forward to welcoming their employees and customers to the Glacier family."

The acquisition is expected to close on May 15, 2023, subject to the satisfaction of certain closing conditions. Upon closing, Bank of Idaho will operate as a subsidiary of Glacier Bank, and its employees will join the Glacier team.

Glacier Bancorp, Inc. is a registered bank holding company headquartered in Bozeman, Montana. Glacier Bank is a community bank with operations in Arizona, Colorado, Idaho, Montana, Nevada, New Mexico, Oregon, Utah, Washington, and Wyoming. For more information, please visit our website at glacierbancorp.com.