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]

Acquisition Overview - Seacoast Banking Corporation of Florida will acquire Villages Bancorporation, Inc, the holding company of Citizens First Bank[1, 11] - The acquisition will add approximately $41 billion in assets, $13 billion in loans, and $35 billion in low-cost deposits to Seacoast[12] - Citizens First Bank has a 53% deposit market share within The Villages MSA[12, 31] Financial Impact - The acquisition is projected to result in approximately 24% earnings accretion for Seacoast[12, 15, 21] - The tangible book value earnback period is estimated to be 28 years[15, 21] - The implied aggregate transaction value is $7108 million[44] Strategic Rationale - The acquisition provides Seacoast with a scalable banking platform in a growing 55+ residential community[12] - The pro forma company will have approximately $21 billion in total assets[15, 21] - Approximately 16% of the pro forma deposits will be in The Villages MSA, which has experienced 28% population growth since 2020[23, 24] Transaction Details - The transaction structure involves 25% cash and 75% stock consideration[44] - Seacoast estimates pre-tax merger costs of $52 million[54] - Approximately $25 billion of VBI's AFS securities will be sold and reinvested into higher-yielding assets, with an anticipated reinvestment rate of 520%[54]