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Investing.com -- Glacier Bancorp Inc (NYSE:GBCI) stock rose 3.2% after announcing plans to acquire Guaranty Bancshares, Inc. (NYSE:GNTY) in an all-stock transaction valued at approximately $476.2 million.
The deal, which marks Glacier’s 27th bank acquisition since 2000 and 13th announced transaction in the past decade, will expand the company’s presence in the Southwest by entering the Texas market. Under the terms of the agreement, Guaranty shareholders will receive 1.0000 share of Glacier stock for each Guaranty share, valuing each Guaranty share at $41.58 based on Glacier’s closing price on June 23, 2025.
Upon completion of the transaction, expected in the fourth quarter of 2025, Guaranty Bank & Trust will operate as "Guaranty Bank & Trust, Division of Glacier Bank," becoming Glacier’s 18th separate banking division.
Randy Chesler, Glacier’s President and CEO, highlighted the strategic importance of entering Texas, noting the state’s economy is estimated to be worth $2.7 trillion. "This is a compelling opportunity to further expand our presence in the Southwest," Chesler said, adding that Texas offers "an exceptional demographic profile, strong growth prospects, and a business-friendly operating environment."
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. The transaction remains subject to regulatory approvals, Guaranty shareholder approval, and other customary closing conditions.
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