Glacier Bancorp to acquire Colorado bank

Tools

By The Associated Press

Story Published: Aug 20, 2008 at 8:01 AM MST

Story Updated: Aug 20, 2008 at 8:01 AM MST

KALISPELL - A Montana bank holding company, Glacier Bancorp Inc., says it will acquire Bank of the San Juans, a community bank based in Durango, Colo. The acquisition marks Glacier's first entry into Colorado.

Bank of the San Juans has offices in Durango and Pagosa Springs, Colo. As of June 30, the bank had total assets of $146 million. Glacier Bancorp, based in Kalispell, is a multi-bank holding company with 10 subsidiaries in 53 communities in Montana, Idaho, Utah, Washington, and Wyoming. As of June 30, Glacier had assets of $5 billion.

The boards of Glacier and Bank of the San Juans Bancorporation unanimously approved the transaction, which is subject to regulatory approval.

Missoula

Icon
Current Temp 28.0 °F
Fair
Wind : Southwest at 4.6 MPH (4 KT)
Pressure : 1034.1 mb
Humidity : 69 %
More Weather

Butte

Icon
Current Temp 35.0 °F
Fair
Wind : West at 4.6 MPH (4 KT)
Pressure : 1031.1 mb
Humidity : 46 %
More Weather

On Demand

Stock Quotes
This content requires the latest Adobe Flash Player and a browser with JavaScript enabled. Click here for a free download of the latest Adobe Flash Player.

Poll

Do you think Montana's DUI laws need to be tougher?

  • Yes
  • No

AP Video