Glacier Bancorp acquires First National Bank & Trust.
Global Banking News - 08 September 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk
Glacier Bancorp Inc (NASDAQ: GBCI) has announced that it has received approval by Federal Reserve Bank of Minneapolis to acquire 100 percent of the voting shares of First Company, Cody, Wyoming, and thereby indirectly acquire Powell, Wyoming-based First National Bank & Trust Company.
The transaction is expected to close by the end of September. At June 30, 2009, the bank had total assets of USD272m.
With total assets of USD5.6bn at June 30, 2009, Glacier Bancorp is a regional multi-bank holding company with ten banking subsidiaries that provide commercial banking services in 54 communities in Montana, Idaho, Wyoming, Utah, Colorado, and Washington.
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