Glacier Bancorp to acquire Guaranty Bancshares in $476.2M all-stock transaction

Glacier Bancorp (GBCI) and Guaranty Bancshares (GNTY) jointly announced the signing of a definitive agreement, pursuant to which Glacier will acquire Guaranty in an all-stock transaction. As of March 31, 2025, Guaranty had total assets of $3.2B, total gross loans of $2.1B and total deposits of $2.7B. 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 one share of Glacier stock for each Guaranty share. Based on the closing price of $41.58 for Glacier shares on June 23, the transaction would result in aggregate consideration of $476.2M 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 eighteenth separate bank division.