Glacier Bancorp to acquire Community Financial Group for $80.6M in stock

GLACIER BANCORP, INC.

$80.6M aggregate stock deal; CFGW shareholders receive 1.0931 GBCI shares per CFGW share, valued at $37.13.
CFGW has $754M assets, $475M loans, $609M deposits as of June 30, 2023.
Transaction approved by both boards; expected Q4 2023 close, subject to regulatory and CFGW shareholder approval.
Wheatland Bank to become new GBCI division, combined with North Cascades Bank; Susan Horton to lead.
Glacier's 25th acquisition since 2000, expanding Eastern Washington presence.

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