Announced
Completed
Financials
Tags
Completed
Majority
bank holding company
Public
Single Bidder
Acquisition
Merger
United States
Banks
Friendly
Synopsis
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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