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Announced

Completed

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

Financials

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Transaction Value£108m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Completed

Majority

bank holding company

Public

Single Bidder

Acquisition

Merger

United States

Banks

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Synopsis

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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.

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