Glacier Bancorp completed the acquisition of State Bank for $135m.

Glacier Bancorp completed the acquisition of State Bank, the Lake Havasu City-based holding company for State Bank of Arizona and its divisions, Mohave State Bank and Country Bank, for $135m. "This partnership is an enormous benefit to our shareholders, team of professionals, and our communities. We believe this is a natural fit which increases our resources to serve clients with exceptional service, and strengthens our commitment to continue building a community banking franchise in Arizona. Further, this provides our shareholders with liquidity and significantly enhances our long-term strategic capabilities," Brian M. Riley, State Bank President and CEO.