Glacier Bancorp Subsidiary, Glacier Bank, Inked a Deal with HTLF Bank, Owned by Heartland Financial USA, to Acquire 6 Montana Branch Locations of HTLF, Financial Terms Undisclosed

Author: Benzinga Newsdesk | February 13, 2024 08:25am

On February 12, 2024, Glacier Bancorp, Inc. (“GBCI”)’s wholly owned subsidiary, Glacier Bank, entered into a Purchase and Assumption Agreement (the “Purchase Agreement”) with HTLF Bank (“HTLF”), a wholly owned subsidiary of Heartland Financial USA, Inc., to acquire six Montana branch locations of HTLF (the “Branches”) including the deposits, loans, owned real estate and fixed and other assets associated with the Branches.

 

The six branches Glacier Bank will acquire are:

 

•2615 King Ave. W, Billings, MT

•2929 3rd Ave. N, Billings, MT

•2901 W Main St., Bozeman, MT

•115 E First Ave, Plentywood, MT

•220 Main St., Stevensville, MT

•101 E Legion St., Whitehall, MT

 

Upon closing of the transaction, Glacier Bank intends that the Branches will join Glacier Bank divisions operating in Montana.

 

Consummation of the transaction is subject to required regulatory approvals and other customary conditions of closing. It is currently anticipated that the closing of the transaction will take place in the third quarter of 2024.

Posted In: GBCI