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New Deal


Announced

Glacier Bancorp to acquire Community Financial Group for $81m.

Financials

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Transaction Value£63m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Banks

Acquisition

Public

Majority

Domestic

Single Bidder

Pending

holding company

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Synopsis

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Glacier Bancorp, the parent company for Glacier Bank and its bank divisions, agreed to acquire Community Financial Group, the bank holding company for Wheatland Bank, for $81m. "We are excited and proud to welcome Wheatland to the Glacier family of banks. Wheatland’s footprint complements our current presence in Eastern Washington, a market which has been experiencing tremendous growth. We have truly admired the impact this franchise has had on its community, and are focused on maintaining and growing the relationships it has developed with its customers.” Chesler also noted that “This acquisition continues our history of consistently adding high quality community banks to our proven banking model. We look forward to the value this new division will create for our communities and shareholders under Susan’s experience and successful leadership,” Randy Chesler, Glacier Bancorp President and CEO.

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