Glacier Bancorp, Inc. Completes Acquisition of Columbine Capital Corp. in Buena Vista, Co
February 01 2018 - 7:00AM
Glacier Bancorp, Inc. (NASDAQ:GBCI) today announced the completion
of its acquisition of Columbine Capital Corp., the holding company
for Collegiate Peaks Bank, a community bank headquartered in Buena
Vista, CO. Collegiate Peaks Bank provides banking services to
businesses and individuals in the Mountain and Front Range
communities of Colorado with five banking offices located in
Aurora, Buena Vista, Denver and Salida. Collegiate Peaks Bank has
merged into Glacier Bank and will operate as a separate banking
division under the name “Collegiate Peaks Bank, a division of
Glacier Bank” and with its existing management team. At December
31, 2017, Collegiate Peaks Bank had total assets of approximately
$533 million.
About Glacier Bancorp, Inc.
Glacier Bancorp, Inc. is the parent company for
Glacier Bank, Kalispell and its bank divisions: First Security Bank
of Missoula; Valley Bank of Helena; Big Sky Western Bank, Bozeman;
Western Security Bank, Billings; and First Bank of Montana,
Lewistown, all located in Montana; as well as Mountain West Bank,
Coeur d’Alene, operating in Idaho, Utah and Washington; First Bank,
Powell, operating in Wyoming and Utah; Citizens Community Bank,
Pocatello, operating in Idaho; Bank of the San Juans, Durango,
operating in Colorado; First State Bank, Wheatland, operating in
Wyoming; North Cascades Bank, Chelan, operating in Washington; and
The Foothills Bank, Yuma, operating in Arizona.
Visit Glacier’s website at
http://www.glacierbancorp.com
Forward-Looking Statements
This news release includes forward-looking
statements which describe management's expectations regarding
future events and developments such as the benefits of the business
combination transaction involving the Company and Columbine Capital
Corp., continued success of the Company's style of banking and the
strength of the local economies in which it operates. Future events
are difficult to predict, and the expectations described above are
necessarily subject to risk and uncertainty that may cause actual
results to differ materially and adversely. In addition to
discussions about risks and uncertainties set forth from time to
time in the Company's public filings, factors that may cause actual
results to differ materially from those contemplated by such
forward-looking statements include, among others, the following
possibilities: (1) local, national and international economic
conditions are less favorable than expected or have a more direct
and pronounced effect on the Company than expected and adversely
affect the company's ability to continue its internal growth at
historical rates and maintain the quality of its earning assets;
(2) projected business increases following strategic expansion or
opening or acquiring new banks and/or branches are lower than
expected; (3) costs or difficulties related to the integration of
acquisitions are greater than expected; or (4) legislation or
regulatory requirements or changes adversely affect the businesses
in which the Company is engaged.
Contact: Randall M. Chesler, CEO(406)
751-4722Ron J. Copher, CFO(406) 751-7706
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