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Announced

Completed

Glacier completed the acquisition of Altabancorp for $907m.

Financials

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Transaction Value£652m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Banks

Domestic

Friendly

Majority

Single Bidder

United States

Acquisition

banking

Private

Completed

Synopsis

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Glacier, a regional bank holding company providing commercial banking services, completed the acquisition of Altabancorp, a bank holding company, for $907m. “This is an exceptional opportunity to solidify Glacier’s presence in the booming Utah market by partnering with the largest community bank in the state. We have been keenly focused on building our presence in Utah and this opportunity checks all the boxes. This acquisition is consistent with our history of adding high quality community banks to our proven banking model. Altabank has been serving customers in Utah for over 100 years, and has developed a leading position and lasting legacy in the markets it serves," Randy Chesler, Glacier President and CEO.

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