Business
Glacier Bancorp, Inc. to Expand Southwest Presence and Enter Texas by Acquisition of Guaranty Bancshares, Inc.
KALISPELL, Mont. and MOUNT PLEASANT, Texas, June 24, 2025 (GLOBE NEWSWIRE) -- Glacier Bancorp, Inc. ("Glacier" or the "Company") (NYSE: GBCI) and Guaranty Bancshares, Inc. ("Guaranty") (NYSE: GNTY), the bank holding company for Guaranty Bank & Trust, N.A., a leading community bank headquartered in Mount Pleasant, Texas, today jointly announced the signing of a definitive agreement, pursuant to which Glacier will acquire Guaranty in an all-stock transaction. The acquisition marks Glacier's 27th b
About this update from Glacier Bancorp, Inc.
[{"type":"image","alt":"Glacier Bancorp, Inc.","displaySize":"","headline":null,"caption":"Glacier Bancorp, Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":61,"url":"https://media.zenfs.com/en/globenewswire.com/8350397a0adfcc8d21cd634b723b1f19"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/nfF31T49EEg4TBlOYOP1nQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTg1O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/8350397a0adfcc8d21cd634b723b1f19","width":300,"height":61}},"lazy":false},{"type":"text","content":"KALISPELL, Mont. and MOUNT PLEASANT, Texas, June 24, 2025 (GLOBE NEWSWIRE) -- Glacier Bancorp, Inc. ("Glacier" or the "Company") (NYSE: GBCI) and Guaranty Bancshares, Inc. ("Guaranty") (NYSE: GNTY), the bank holding company for Guaranty Bank & Trust, N.A., a leading community bank headquartered in Mount Pleasant, Texas, today jointly announced the signing of a definitive agreement, pursuant to which Glacier will acquire Guaranty in an all-stock transaction. The acquisition marks Glacier's 27th bank acquisition since 2000 and its 13th announced transaction in the past 10 years. As of March 31, 2025, Guaranty had total assets of $3.2 billion, total gross loans of $2.1 billion and total deposits of $2.7 billion.","length":756,"tagName":"p"},{"type":"text","content":"The boards of Glacier and Guaranty unanimously approved the transaction, which is subject to regulatory approvals, Guaranty shareholder approval, and other customary conditions of closing. The definitive agreement provides that upon closing of the transaction, Guaranty shareholders are to receive 1.0000 share of Glacier stock for each Guaranty share (subject to adjustment under certain circumstances). Based on the closing price of $41.58 for Glacier shares on June 23, 2025, the transaction would result in aggregate consideration of $476.2 million (inclusive of the value to Guaranty stock options) and value of $41.58 per Guaranty share. Upon closing of the transaction, which is anticipated to take place in the fourth quarter of 2025, Guaranty Bank & Trust will operate as a new banking division under the name "Guaranty Bank & Trust, Division of Glacier Bank," representing Glacier’s 18th separate bank division.","length":939,"tagName":"p"},{"type":"text","content":""We are thrilled to add Gu...