Glacier Bancorp, Inc. Announces Acquisition of Bank of Idaho Holding Co.

Core Viewpoint - Glacier Bancorp, Inc. has signed a definitive agreement to acquire Bank of Idaho Holding Co., marking its 26th bank acquisition since 2000 and 12th in the past decade [1][2] Group 1: Acquisition Details - The acquisition is subject to regulatory approval, BOID shareholder approval, and other customary closing conditions [2] - BOID shareholders will receive 1.100 shares of Glacier stock for each BOID share, valuing the transaction at approximately $245.4 million based on Glacier's closing price of $47.70 on January 10, 2025 [2] - The transaction is expected to close in the second quarter of 2025, integrating Bank of Idaho operations into Glacier's existing divisions [2] Group 2: Strategic Importance - The acquisition is seen as a strategic fit for Glacier, expanding its presence in Idaho, the fastest-growing state in the U.S., and enhancing its position in core growth markets [2] - Glacier aims to secure its status as the leading community bank in Idaho through this acquisition [2] - The combination will also strengthen Glacier's Eastern Washington franchise by merging Bank of Idaho with Wheatland Bank [2] Group 3: Management Commentary - Glacier's President and CEO expressed enthusiasm about the acquisition, highlighting the growth opportunities it presents [2] - Bank of Idaho's leadership echoed similar sentiments, emphasizing shared values and the benefits of joining Glacier [2]