Glacier Bancorp, Inc. (NYSE: GBCI) announced Friday that it has received all necessary regulatory approvals for its planned acquisition of Bank of Idaho Holding Co. (OTCQX: BOID), clearing a major hurdle in the completion of the deal. The acquisition, which includes Bank of Idaho and its subsidiaries, is now scheduled to close on April 30, 2025, pending shareholder approval and other final conditions outlined in the merger agreement.
A special meeting of BOID shareholders has been set for April 21, 2025, where a vote on the transaction will be held. If approved, the acquisition will further expand Glacier Bancorp’s footprint in the Pacific Northwest and Intermountain West.
Glacier Bancorp is the parent company of Glacier Bank and operates a wide network of community banking divisions across eight states, including Utah, Colorado, Idaho, Montana, Wyoming, Nevada, Arizona, and Washington. Its portfolio includes well-known regional banks such as Altabank, First Security Bank, Mountain West Bank, and Valley Bank, among others.
The acquisition of Bank of Idaho is expected to enhance Glacier’s presence in Idaho, a state where it already operates multiple divisions, and reinforce its strategy of regional expansion through strategic mergers and acquisitions.
Glacier Bancorp has not yet disclosed any changes to leadership or operations at Bank of Idaho following the merger but emphasized a continued commitment to community-focused banking and customer service across all markets.