GBCI - Glacier Bancorp Completes Acquisition of Community Financial Group Inc. in Spokane Washington | Benzinga
KALISPELL, Mont., Feb. 01, 2024 (GLOBE NEWSWIRE) -- Glacier Bancorp, Inc. ("Glacier") (NYSE:GBCI), today announced the completion of its acquisition of Community Financial Group, Inc. ("CFGW") (OTC:CFGW), the bank holding company for Wheatland Bank headquartered in Spokane, Washington. A new division, "Wheatland Bank, a Division of Glacier Bank" will be formed and the existing North Cascades division will be combined into Wheatland Bank. The Wheatland Bank division will operate through 23 branches in Central and Eastern Washington and will be a Top 5 community bank by deposit market share. As of September 30, 2023, Wheatland had total assets of $763 million, total loans of $491 million, and total deposits of $609 million.
Wheatland Bank, a Division of Glacier Bank, will operate under the leadership of Susan M. Horton, who served as the President and Chief Executive Officer of Wheatland Bank for more than 20 years. Customers of the new Wheatland Bank division will benefit from enhanced service accessibility in all key markets, as well as a more diverse suite of technology, products, and services.
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Glacier Bancorp, Inc. is the ...