Glacier Bancorp acquiring Inter-Mountain for $173M

|About: Glacier Bancorp, Inc. (GBCI)|By:, SA News Editor

Glacier Bancorp (GBCI +1.5%) has a definitive deal worth about $173.4M to acquire Inter-Mountain Bancorp, the holding company for Bozeman, Mont.-based First Security Bank.

First Security Bank has eleven offices serving Montana, and as of Sept. 30 had $1B in total assets, $658M in gross loans and deposits of $874M.

That's Glacier's ninth announced deal in five years.

Each share of Inter-Mountain common stock will be exchanged for 22.841 shares of GBCI.

The company says excluding one-time transaction expenses, the acquisition is immediately accretive to EPS.

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