Glacier Bancorp signs agreement to acquire Bank of Idaho

Deal News | Jan 13, 2025 | Castle Creek Capital LLC

Glacier Bancorp, a prominent banking institution listed on the NYSE under the ticker GBCI, has announced its intention to expand through the acquisition of Bank of Idaho Holding Company. The agreement marks a significant step for Glacier in enhancing its regional banking presence within the United States. This strategic acquisition, supported by the private equity firm Castle Creek Capital, signifies Glacier's ongoing growth strategy to increase its market share and extend its geographic footprint in the financial services industry. The transaction is anticipated to bring increased scale and capabilities to Glacier Bancorp, although specific financial terms of the deal were not disclosed. This significant agreement underscores the competitive nature of the banking industry, where mergers and acquisitions are key strategies for achieving growth and operational efficiencies.

Sectors

  • Banking
  • Private Equity

Geography

  • United States – Both Glacier Bancorp and Bank of Idaho Holding Company are based in the United States, making it relevant to the geography classification.

Industry

  • Banking – The article involves the acquisition of Bank of Idaho Holding Company by Glacier Bancorp, both operating within the banking sector.
  • Private Equity – The acquisition deal is being supported by Castle Creek Capital, a private equity firm, highlighting the involvement of the private equity sector.

Financials

    Participants

    NameRoleTypeDescription
    Glacier Bancorp, Inc.Bidding CompanyCompanyGlacier Bancorp is a banking institution publicly traded on the NYSE under the ticker GBCI, and it is the acquirer in the transaction.
    Bank of Idaho Holding CompanyTarget CompanyCompanyBank of Idaho Holding Company is the target company in this acquisition transaction.
    Castle Creek Capital LLCPrivate Equity FirmCompanyCastle Creek Capital LLC is the private equity firm supporting Glacier Bancorp's acquisition of Bank of Idaho.