Glacier Bancorp
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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.[2]
| Company type | Public |
|---|---|
| |
| Industry | |
| Founded | 1990 |
| 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 | |
| Services |
|
| Revenue | US$ 82.8 million (2022) |
| US$ 79.6 million (2022) | |
| US$ 303 million (2022) | |
| Total assets | US$ 26.6 billion (2022) |
| Total equity | US$ 1.816 billion (2022) |
Number of 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) |
| Website | glacierbancorp |
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.[3] Glacier Bancorp Inc. serves individuals, small to medium-sized businesses, community organizations and public entities.
Divisions edit
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 edit
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 25, 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 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 edit
Glacier Bancorp, Inc. has 221 locations, consisting of 187 branches and 34 loan or administration offices, within 8 states across the Mountain West.[2]
| State | Number of Locations | Number of Counties Served | Percent of Deposits |
|---|---|---|---|
| Montana | 70 | 18 | 26.3% |
| Idaho | 30 | 11 | 8.5% |
| Utah | 38 | 8 | .5% |
| Washington | 15 | 6 | 5.8% |
| Wyoming | 19 | 10 | 15% |
| Colorado | 26 | 13 | 1.8% |
| Arizona | 16 | 7 | .8% |
| Nevada | 7 | 3 | 6.1% |
| Total | 221 | 76 |
| State | Properties Leases | Properties Owned | Net Book Value |
|---|---|---|---|
| Montana | 9 | 61 | $114,423,000 |
| Utah | 6 | 32 | $60,464,000 |
| Idaho | 7 | 23 | $38,241,000 |
| Colorado | 5 | 21 | $29,822,000 |
| Wyoming | 4 | 15 | $16,100,000 |
| Arizona | 7 | 9 | $15,716,000 |
| Nevada | 1 | 6 | $10,641,000 |
| Washington | 5 | 10 | $4,787,000 |
| Total | 44 | 177 | $290,194,000 |
Leadership edit
Board of Directors edit
Source:[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 edit
- Randall M. Chesler, President, CEO (Principal Executive Officer)[2]
References edit
- ^ a b "Glacier Bancorp, Inc. Announces Acquisition of First State Bank in Wheatland, Wyoming". www.sec.gov. Retrieved 2021-10-29.
- ^ a b c d e f g h "Inline XBRL Viewer". www.sec.gov. Retrieved 2023-05-11.
- ^ a b 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) - ^ a b "Glacier Bancorp, Inc. | Encyclopedia.com". www.encyclopedia.com. Retrieved 2023-05-15.
- ^ Gross, Charles (25 February 2013). "Glacier Bancorp Acquires First State Bank in Wheatland, WY". Benzinga. Retrieved 29 October 2021.
- ^ Devlin, Vince. "Ronan-based Community Bank acquired by Glacier Bancorp". missoulian.com. Retrieved 29 October 2021.
- ^ Glacier, Bancorp (2015-03-02). "Glacier Bancorp, Inc. Completes Acquisition of Community Bank, Inc. in Ronan, Montana". GlobeNewswire News Room. Retrieved 2023-05-16.
- ^ Monares, Freddy Monares. "First Security Bank, Glacier Bancorp announce merger". Bozeman Daily Chronicle. Retrieved 6 October 2021.
- ^ 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.
- ^ 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.
- ^ "Banking Essentials Newsletter: 3rd May Edition". www.spglobal.com. Retrieved 2023-05-12.
- ^ 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) - ^ "Glacier Bancorp acquires Arizona-based State Bank". www.spglobal.com. Retrieved 2023-05-12.
- ^ "Glacier Bancorp (GBCI) to Buy Altabancorp (ALTA) for $933.5M". Nasdaq. 19 May 2021.
- ^ "Glacier (GBCI) Concludes Altabancorp Buyout, Expands in Utah". Nasdaq. 5 October 2021.
External links edit
- Official Website