Glacier Bancorp, Inc. Completes Acquisition Of Altabancorp In American Fork, Utah
Acquiring Company
Glacier Bancorp
Acquired Company
Altabancorp
KalispellEnergySustainabilityFinancial ServicesConsumer GoodsLending And InvestmentsFinanceFintechLendingBankingDescription
Glacier Bancorp, Inc. (“Glacier” or the “Company”) (NASDAQ: GBCI) today announced the completion of its acquisition of AltabancorpTM (“ALTA”) (NASDAQ: ALTA), the bank holding company for AltabankTM, the largest community bank in Utah. Altabank provides banking services to individuals and businesses throughout Utah and southern Idaho with 25 branch locations from Preston, Idaho to St. George, Utah, and will operate as the newest banking division of Glacier Bank under the name “Altabank, Division of Glacier Bank”. Randy Chesler, Glacier's President and Chief Executive Officer, commented, "We are excited to welcome Altabank and their shareholders to the Glacier family and are very pleased with how smoothly the transaction process went and that the acquisition closed ahead of schedule.” At June 30, 2021, ALTA had total assets of $3.5 billion, total loans of $1.9 billion and total deposits of $3.2 billion. With the addition of ALTA, on a pro forma combined basis, Glacier would have total assets of $24.0 billion, total loans of $13.1 billion and total deposits of $19.9 billion at June 30, 2021.
Quick answer
Glacier Bancorp is acquiring Altabancorp, announced October 1, 2021. Glacier Bancorp is based in Kalispell, Montana, United States.
- How much did Glacier Bancorp pay for Altabancorp?
- The deal value was not disclosed.
- What does Glacier Bancorp do?
- Glacier Bancorp, Inc. is the parent company for Glacier Bank and its bank Divisions.
- Where are Glacier Bancorp and Altabancorp based?
- Glacier Bancorp is based in Kalispell, Montana, United States.
Source: Fundz verified event record.
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Frequently asked
Who acquired Altabancorp?
Altabancorp was acquired by Glacier Bancorp, based in Kalispell. The deal was reported on October 1, 2021. Glacier Bancorp, Inc. is the parent company for Glacier Bank and its bank Divisions. It operates various banks in different locations and provides a wide range of financial services to its customers. Glacier Bancorp is publicly traded (GBCI) and operates in Energy.
When did Glacier Bancorp acquire Altabancorp?
Glacier Bancorp's acquisition of Altabancorp was reported on October 1, 2021. Glacier Bancorp, Inc. (“Glacier” or the “Company”) (NASDAQ: GBCI) today announced the completion of its acquisition of AltabancorpTM (“ALTA”) (NASDAQ: ALTA), the bank holding company for AltabankTM, the largest community bank in Utah. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Altabancorp do?
Altabancorp is the company acquired in this transaction. It is privately held.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
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