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Slide #5. Glacier Bancorp, Inc. — First National Bank of the Rockies
Glacier Bancorp, Inc. (NASDAQ:GBCI)
First National Bank of the Rockies
Glacier Bancorp, Inc. (Nasdaq:GBCI) today announced the signing of a definitive agreement to acquire First National Bank of the Rockies (or "FNBR"), a community bank based in Grand Junction, Colorado. The acquisition marks Glacier's 15th acquisition since 2000 and its third announced transaction in the past 15 months. FNBR provides community banking services to individuals and businesses in northwestern Colorado, with ten banking offices located in Grand Junction, Steamboat Springs, Meeker, Rangely, Craig, Hayden, and Oak Creek. As of March 31, 2014 the bank had total assets of $343 million, gross loans of $132 million and total deposits of $305 million.
Glacier Bancorp is a bank holding company. Through its subsidiaries, Co. provides commercial banking services from 164 locations in Montana, Idaho, Utah, Washington, Wyoming, Colorado, Arizona, and Nevada. Co. provides a range of banking products and services, including: retail banking; business banking; real estate, commercial, agriculture and consumer loans; and mortgage origination services. The treasury division includes the Bank's investment portfolio and wholesale borrowings, the information technology division includes the Bank's internal data processing, and the centralized mortgage division includes mortgage loan servicing and secondary market sales.
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Buy (2.67 out of 4)