Glacier Bancorp Acquisition

Glacier Bancorp, Inc. (GBCI) signed a definitive agreement to acquire the Bank of Idaho Holding Company. You can read the full press release here. After close of the transaction, Bank of Idaho branches will join three of the Glacier divisions operating in our footprint:

• Eastern Idaho: Ashton, Idaho Falls, Idaho Falls Mortgage, Island Park, Pocatello, Pocatello Mortgage and St. Anthony will join Citizens Community Bank.
• Treasure Valley: Boise, Nampa and Twin Falls Mortgage will join Mountain West Bank.
• Eastern Washington: Dayton, Kennewick, Pasco, Sunnyside, and Yakima will join Wheatland Bank.

Read the full press release here.

Who is Glacier Bancorp?

Glacier Bancorp, Inc. (GBCI) is a regional bank holding company based in Kalispell, Montana. GBCI is the parent company for Glacier Bank and its 17 bank divisions serving eight western states. Glacier operates with a community banking model, giving local banks autonomy in their markets while sharing the full resources of a larger banking organization. Community banking is central to Glacier’s business model and value system. They believe communities are best served by local division leaders and their teams making decisions about how to best meet the needs of their customers and communities.

Who are the division banks involved in this acquisition?

• Citizens Community Bank is headquartered in Pocatello, ID and has branches in Ammon, Idaho Falls, Rexburg, Pocatello and Chubbuck. The bank was established in 1997 and became a division of Glacier Bank in 2005.
• Mountain West Bank is headquartered in Coeur d’Alene, ID and serves customers from 21 branches across the states of Idaho and Washington. The bank was founded in 1993 and became a division of Glacier Bank in 2000.
• Wheatland Bank is headquartered in Spokane, WA and serves customers from 21 branches across eastern Washington. The bank was founded in 1979 and became a division of Glacier Bank in 2024.

Why is Glacier Bancorp acquiring Bank of Idaho Holding Company?

Bank of Idaho one of the fastest growing banks in the western United States and partnering with Glacier Bancorp allows us to continue growing and serving our communities. Glacier is a great fit given their focus on buying good banks in good markets with good people. They have a strong business model and combining our footprint with three different divisions of Glacier Bank creates a powerful force across Idaho and Eastern Washington. Glacier is a premier acquirer and has a stellar track record of making acquisitions and continuing to build in those markets.

What are the benefits of the acquisition?

Glacier’s community banking business model and culture are a great fit our customers and employees. They focus on local decision-making and building up our communities, because it’s where we all live and work. But we still get to tap into the added resources of a much larger banking family.

Banking with a larger community bank means our customers can access a wider range of products and services, plus higher lending limits, all while enjoying the personal touch and local commitment they value. It’s really the best of both worlds.

When will the acquisition be complete?

We expect the acquisition will close in the 2nd quarter pending approval by banking regulators and satisfaction of other closing conditions. The systems conversion is currently planned for later in the year.

What will change for customers?

There will be no immediate changes. Bank of Idaho customers will continue using their existing checks, credit and debit cards, and online and mobile banking services. The terms and conditions of your loans and lines of credit will remain the same. Any changes will be communicated with generous advance notice. Becoming part of Glacier will ultimately provide you access to an expanded suite of products, services, and tools. We believe you will be happy with the transition.

As a customer, will I still see the same employees at my branch?

You’ll see the same familiar employees helping you with your financial needs.

As a customer, if I have questions, who can I talk to?

Please call or stop in at your nearest Bank of Idaho branch. You can also call Customer Service at 888-396-8757.

As a customer, is the wealth management sale related?

The Glacier Bancorp acquisition of the Bank of Idaho Holding Company is unrelated to any other transaction. The Bank of Idaho Holding Company Board made and finalized a decision to sell its wealth management business.

Will Glacier still support local community efforts?

Glacier believes in the importance of supporting local communities. They focus on local decision-making and building up our communities, because it’s where we all live and work. They have a strong commitment to community support.