Glacier Bancorp Acquires Bank of Idaho for $245M

Glacier Bancorp, Inc., based in Kalispell, Montana, has announced its agreement to acquire the Idaho Falls-based Bank of Idaho Holding Company, with the transaction expected to close in the second quarter of 2025 pending regulatory approval. This acquisition, valued at approximately $245.4 million, will see the Bank of Idaho integrated into Glacier's divisions, with branches transitioning to Citizens Community Bank, Mountain West Bank, and Wheatland Bank. Bank of Idaho's current branches in Eastern Idaho will join Citizens Community Bank, while those in the Treasure Valley and Eastern Washington will join Mountain West Bank and Wheatland Bank, respectively. This deal marks Glacier's 26th bank acquisition since 2000, reflecting its strategy of expanding its footprint in high-growth markets, particularly in Idaho, which is noted as the fastest-growing state in the U.S. Both Glacier and Bank of Idaho executives expressed enthusiasm about the merger, highlighting shared values and the potential benefits for clients and shareholders.