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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