M&A - GLACIER BANCORP, INC.

Form Type: 8-K

Filing Date: 2025-04-10

Corporate Action: Acquisition

Type: New

Accession Number: 000086867125000058

Filing Summary: On April 9, 2025, Glacier Bancorp, Inc. announced that it has received all necessary regulatory approvals for its acquisition of Bank of Idaho Holding Co. and its bank subsidiary, Bank of Idaho. This approval is a significant step towards completing the previously announced merger transaction. The release includes forward-looking statements regarding the anticipated timing and benefits of the merger, including implications for financial and operational results. Glacier Bancorp warns of various risks that could impact the successful completion of the merger, emphasizing that actual results may differ from current projections due to numerous uncertainties.

Document Link: View Document

Form Type: ARS

Filing Date: 2025-03-17

Corporate Action: Acquisition

Type: New

Accession Number: 000086867125000055

Filing Summary: Glacier Bancorp, Inc. has reported its annual financials for the year ended December 31, 2024, highlighting significant growth in assets and strategic acquisitions. Notable acquisitions include Rocky Mountain Bank branches in July 2024 and Community Financial Group in January 2024, which have enhanced the company's market presence across multiple states. The report also emphasizes improvements in financial ratios, including return on average equity and net interest income, despite a competitive commercial banking landscape. The company plans to continue its growth strategy through internal initiatives and selective acquisitions, with a recent agreement to acquire Bank of Idaho Holding Co announced on January 13, 2025. Cash dividends are planned to be distributed for 2024, with quarterly amounts of $0.33 per share declared. The Annual Meeting of Shareholders is set for April 30, 2025, and the company encourages participation in its dividend reinvestment plan. Employee engagement and retention are highlighted as critical components of the company's operational strategy, reflecting a commitment to provide a supportive workplace environment.

Document Link: View Document

Form Type: S-4/A

Filing Date: 2025-03-14

Corporate Action: Merger

Type: Update

Accession Number: 000119312525054687

Filing Summary: Glacier Bancorp, Inc. has filed a pre-effective amendment to its registration statement (Form S-4/A) regarding the proposed merger with Bank of Idaho Holding Co. (BOID), which was unanimously approved by both companies' boards of directors. The agreement stipulates that each BOID common share will be exchanged for 1.1000 shares of Glacier common stock, with specific adjustments based on the capital of BOID and Glacier's stock price around the merger's closing date. A special shareholder meeting for BOID will take place on April 21, 2025, where shareholders will vote on this merger agreement, among other proposals. Relevant risks associated with the merger have been detailed, and the necessary regulatory approvals are still pending. This merger is expected to conclude in the second quarter of 2025, depending on these approvals and adherence to the merger agreement’s conditions.

Document Link: View Document

Form Type: S-4

Filing Date: 2025-02-28

Corporate Action: Merger

Type: New

Accession Number: 000119312525040197

Filing Summary: Glacier Bancorp, Inc. has filed a registration statement for a proposed merger with Bank of Idaho Holding Co. where Bank of Idaho will merge into Glacier Bancorp. This merger has been approved by the boards of both companies and is subject to BOID shareholder approval. Each BOID share will convert into 1.1000 Glacier shares, with adjustments based on share price fluctuations before closing. The merger aims to be executed promptly after receiving the necessary approvals with expectations set for the second quarter of 2025. A special meeting for BOID shareholders will be held to vote on the merger and related proposals including changes to BOID's Articles of Incorporation to allow for a larger board of directors. Both companies engage regulatory agencies to ensure compliance with banking regulations. The registration statement follows Securities Act protocols to ensure valid offerings of Glacier's stock to BOID shareholders and includes important details on risk factors, capital adjustments, and share pricing mechanisms to protect investor interests.

Document Link: View Document

Form Type: 8-K

Filing Date: 2025-01-13

Corporate Action: Merger

Type: New

Accession Number: 000086867125000006

Filing Summary: On January 13, 2025, Glacier Bancorp, Inc. (GBCI) entered into a Merger Agreement with Bank of Idaho Holding Co. (BOID) and its subsidiary, Bank of Idaho. The agreement includes a Holding Company Merger where BOID will merge into GBCI, which will be the surviving entity. Immediately following, Bank of Idaho will merge into Glacier Bank, making Glacier Bank a wholly owned subsidiary of GBCI. The directors and shareholders of BOID owning more than 5% of its stock have entered into voting agreements supporting the merger. Each share of BOID stock will be converted into 1.100 shares of GBCI common stock at closing, which is subject to adjustments. The transaction has an estimated value of $245.4 million based on GBCI's stock price as of January 10, 2025, and is anticipated to close in Q2 2025 after receiving required approvals.

Document Link: View Document