secwatch.observer — SEC 8-K summary
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Issuer:     GLACIER BANCORP, INC. (GBCI)
CIK:        0000868671
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0000868671-23-000117
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/868671/000086867123000117/0000868671-23-000117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/868671/000086867123000117/gbci-20230808.htm
  HTML page:      https://secwatch.observer/filing/0000868671-23-000117

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer