Glacier Bancorp

Glacier Bancorp, Inc. is a regional multi-bank holding company headquartered in Kalispell, Montana.[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 through its wholly owned bank subsidiary, Glacier Bank[2].

Glacier Bancorp, Inc.
TypePublic
Industry
Founded1990 (1955 as Kalispell Savings and Loan) (1990 (1955 as Kalispell Savings and Loan))
Headquarters
49 Commons Loop
Kalispell, Montana
,
U.S.
Number of locations
221
Area served
Arizona, Colorado, Idaho, Montana, Nevada, Utah, Washington, and Wyoming
Key people
  • Randall M. Chesler (President, CEO)
  • Craig A. Lange (Chairman)
Services
RevenueIncrease US$ 82.8 million (2022)
Increase US$ 79.6 million (2022)
Increase US$ 303 million (2022)
Total assetsIncrease US$ 26.6 billion (2022)
Total equityIncrease US$ 1.816 billion (2022)
Number of employees
3552 (2022)
DivisionsAltabank (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)
Websiteglacierbancorp.com

The company offers a wide range of banking products and services, including: retail and banking; real estate; commercial, agriculture and consumer loans; and mortgage origination services.[3] 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.[2]

  • Glacier Bank (Kalispell, Montana)
  • First Security Bank of Missoula (Missoula, Montana)
  • Valley Bank of Helena (Helena, Montana)
  • First Security Bank (Bozeman, Montana)
  • Western Security Bank (Billings, Montana)
  • First Bank of Montana (Lewistown, Montana)
  • Mountain West Bank (Coeur d’Alene, Idaho)
  • Citizens Community Bank (Pocatello, Idaho)
  • First Bank (Powell, Wyoming)
  • First State Bank (Wheatland, Wyoming)
  • North Cascades Bank (Chelan, Washington)
  • Bank of the San Juans (Durango, Colorado)
  • Collegiate Peaks Bank (Buena Vista, Colorado)
  • The Foothills Bank (Yuma, Arizona)
  • First Community Bank (Layton, Utah)
  • Heritage Bank of Nevada (Reno, NV)
  • Altabank (American Fork, UT)

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[4].

On February 25th, 2013, Glacier Bancorp, Inc. acquired Wyoming-based First State Bank, which held $281 million in assets as of December 31st, 2012.[1][5]

On March 1st, 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] The same year, the company was named the Montana Lending Institution of the Year by MoFi, a regional nonprofit finance company.[9]

On January 31st, 2018, Glacier Bancorp acquired Columbine Capital Corp. and its subsidiary, Collegiate Peaks Bank[10].

On March 1st, 2018, Glacier Bancorp acquired Inter-Mountain Bancorp and its subsidiary, First Security Bank[11].

On April 30th, 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[12].

On July 31st, 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.[13]

On February 29th, 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[14].

On October 1st, 2021, Glacier Bancorp, Inc. acquired Utah-based Altabancorp and its wholly-owned subsidiary, Altabank, for $933.5 million.[15][16]

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.[2]

Glacier Bancorp, Inc. Property Value from SEC 2022 10-K
Glacierbancorp Locations from SEC 10-K Filings
Glacier Bancorp, Inc. Locations from SEC 10-K Filings

Products / Services

Through its subsidiaries, Glacier Bancorp, Inc. offers a range of banking products and services, including transaction and savings deposits, commercial, consumer, and real estate loans, and mortgage origination services[2]. Glacier offers a suite of electronic products including online banking, mobile banking, mobile check deposit, mobile bill pay, and eStatements[2].

FDIC Insured Deposits

All deposits held by Glacier Bancorp, Inc. are insured under the Federal Deposit Insurance Act[2]. FDIC deposit insurance covers $250,000 per depositor, per insured depository institution for each account ownership category[2].

Leadership

Board of Directors[2]

  • Craig A. Langel, Chairman
  • David C. Boyles, Director
  • Robert A. Cashell Jr., Director
  • Randall M. Chesler, Director
  • Sherry L. Cladouhos, Director
  • Jesus T. Espinoza, Director
  • Annie M. Goodwin, Director
  • Kristen L. Heck, Director
  • Michael B. Hormaechea, Director
  • Douglas J. McBride, Director

Senior Leadership[2]

  • Randall M. Chesler, President, CEO (Principal Executive Officer)

References

  1. "Glacier Bancorp, Inc. Announces Acquisition of First State Bank in Wheatland, Wyoming". www.sec.gov. Retrieved 2021-10-29.
  2. "Inline XBRL Viewer". www.sec.gov. Retrieved 2023-05-11.
  3. Business Knowledge for IT in Global Retail Banking. 63 Apollo Building 1 Newton Place London: Essvale Corporation Limited. 2011. p. 41. ISBN 978-1906096137.{{cite book}}: CS1 maint: location (link)
  4. "Glacier Bancorp, Inc. | Encyclopedia.com". www.encyclopedia.com. Retrieved 2023-05-15.
  5. Gross, Charles (25 February 2013). "Glacier Bancorp Acquires First State Bank in Wheatland, WY". Benzinga. Retrieved 29 October 2021.
  6. Devlin, Vince. "Ronan-based Community Bank acquired by Glacier Bancorp". missoulian.com. Retrieved 29 October 2021.
  7. Glacier, Bancorp (2015-03-02). "Glacier Bancorp, Inc. Completes Acquisition of Community Bank, Inc. in Ronan, Montana". GlobeNewswire News Room. Retrieved 2023-05-16.
  8. Monares, Freddy Monares. "First Security Bank, Glacier Bancorp announce merger". Bozeman Daily Chronicle. Retrieved 6 October 2021.
  9. "Newsmakers". Daily Inter Lake. 10 April 2018. Retrieved 10 April 2023.
  10. Glacier Bancorp, Inc. (6 June 2017). "Glacier Bancorp, Inc. Announces Acquisition of Columbine Capital Corp. in Buena Vista, Colorado". GlobeNewswire News Room (Press release). Retrieved 11 May 2023.
  11. Glacier Bancorp, Inc. (1 March 2018). "Glacier Bancorp, Inc. Completes Acquisition of Inter-Mountain Bancorp., Inc. in Bozeman, Montana". GlobeNewswire News Room (Press release). Retrieved 11 May 2023.
  12. "Banking Essentials Newsletter: 3rd May Edition". www.spglobal.com. Retrieved 2023-05-12.
  13. Inc, Glacier Bancorp (2019-08-01). "Glacier Bancorp, Inc. Completes Acquisition of Heritage Bancorp in Reno, Nevada". GlobeNewswire News Room. Retrieved 2023-05-12. {{cite web}}: |last= has generic name (help)
  14. "Glacier Bancorp acquires Arizona-based State Bank". www.spglobal.com. Retrieved 2023-05-12.
  15. "Glacier Bancorp (GBCI) to Buy Altabancorp (ALTA) for $933.5M". Nasdaq. 19 May 2021.{{cite news}}: CS1 maint: url-status (link)
  16. "Glacier (GBCI) Concludes Altabancorp Buyout, Expands in Utah". Nasdaq. 5 October 2021.{{cite news}}: CS1 maint: url-status (link)


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