Glacier Bancorp, Inc. to Expand Southwest Presence and Enter Texas by Acquisition of Guaranty Bancshares, Inc.

Core Viewpoint - Glacier Bancorp, Inc. has announced the acquisition of Guaranty Bancshares, Inc. in an all-stock transaction valued at approximately $476.2 million, marking Glacier's 27th bank acquisition since 2000 and its 13th in the last decade [1][2][3] Company Overview - Guaranty Bancshares, Inc. has total assets of $3.2 billion, total gross loans of $2.1 billion, and total deposits of $2.7 billion as of March 31, 2025 [1][9] - Upon completion of the acquisition, Guaranty Bank & Trust will operate as a division of Glacier Bank, representing Glacier's 18th separate bank division [2] Strategic Rationale - The acquisition is seen as a strategic move to expand Glacier's presence in the Southwest, entering a state with strong growth prospects and a favorable business environment [3] - The Texas economy is highlighted as being worth $2.7 trillion, ranking as the 8th largest in the world if it were an independent country [3] Transaction Details - Guaranty shareholders will receive 1.0000 share of Glacier stock for each Guaranty share, with the transaction expected to close in the fourth quarter of 2025 [2] - The transaction includes the value of Guaranty stock options, with a per-share value of $41.58 based on Glacier's closing price on June 23, 2025 [2] Management Commentary - Glacier's President and CEO expressed enthusiasm about the acquisition, emphasizing the cultural and strategic fit between the two companies [3] - Guaranty's Chairman and CEO noted the importance of maintaining the relationship banking model and the benefits of joining a larger banking family [3]