Glacier Bancorp Secures Final Nod for Bank of Idaho Acquisition
Deal News | Apr 09, 2025 | Globenewswire
Glacier Bancorp, Inc. has received the final regulatory approvals necessary to proceed with its acquisition of Bank of Idaho Holding Co. This deal, announced previously, is expected to close on April 30, 2025, pending BOID shareholders' approval. Glacier Bancorp is the parent company of several banks across various states, including Altabank and Mountain West Bank. Shareholders have been encouraged to review documents related to the merger filed with the SEC, as they contain critical information about the transaction. The news release emphasizes the expected future benefits of the merger, although it lists potential risks that could affect the anticipated outcomes.
Sectors
- Banking
Geography
- United States – Both Glacier Bancorp and Bank of Idaho Holding Co. operate within the U.S., and the regulatory approvals and transaction processes discussed also take place within the U.S. legal framework.
Industry
- Banking – The article involves Glacier Bancorp and Bank of Idaho Holding Co., both institutions in the banking industry, covering transaction and operational aspects of this sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Glacier Bancorp, Inc. | Acquirer | Company | A regional banking company that is acquiring Bank of Idaho Holding Co. in an effort to expand its banking operations. |
| Bank of Idaho Holding Co. | Target company | Company | The holding company that Glacier Bancorp is set to acquire, along with its subsidiary, Bank of Idaho. |
| U.S. Securities and Exchange Commission (SEC) | Regulatory authority | Government | The regulatory body with which Glacier Bancorp filed necessary documents for the merger approval process. |
| Randall M. Chesler | President and CEO of Glacier Bancorp | Person | Executive at Glacier Bancorp involved in communications regarding the transaction. |
| Ron J. Copher | Contact for further information | Person | Executive at Glacier Bancorp responsible for distributing news related to the transaction. |