Glacier Bancorp, Inc. Announces Acquisition of Altabancorp in American Fork, Utah
Retrieved on:
Tuesday, May 18, 2021
The acquisition marks Glacier\xe2\x80\x99s 24th announced acquisition since 2000 and its 7th announced transaction in the past five years.
Key Points:
- The acquisition marks Glacier\xe2\x80\x99s 24th announced acquisition since 2000 and its 7th announced transaction in the past five years.
- This also marks Glacier\xe2\x80\x99s second acquisition of a Utah-based bank in the last two years, completing the acquisition of First Community Bank based in Layton, Utah in 2019.
- Altabank provides banking services to individuals and businesses throughout Utah and southern Idaho with 25 branch locations from Preston, Idaho to St. George, Utah.
- Glacier has obtained voting agreements from ALTA\xe2\x80\x99s Directors, Executive Officers and Principal Shareholders, including members of the Gunther family.