Glacier Bancorp Inc. (NASDAQ:GBCI) said Monday it has completed its sale of about 10.3 million shares at $14.75 a share. Glacier Bancorp Inc. trades on the “NASDAQ” under the stock symbol “GBCI”. For More information regarding “GBCI”, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
Join today and be part of the best free investment newsletter on the web where we focus on market moving news.
Glacier Bancorp Inc. (NASDAQ:GBCI) said Monday it has completed its sale of about 10.3 million shares at $14.75 a share. The bank holding company said it expects the offering to bring in about $145.6 million, which it will used to aid the growth of its banks in Montana, Idaho, Utah, Washington, Wyoming and Colorado, and for corporate needs such as acquiring deposits and assets of failed banks.
The managers of Glacier Bancorp's offering were D.A. Davidson and Co., Keefe, Bruyette and Woods Inc., Sandler O'Neill Partners LP and Stifel, Nicolaus & Co. Inc.
About Glacier Bancorp Inc:
Glacier Bancorp, Inc., a multi-bank holding company, provides commercial banking products and services in Montana, Idaho, Wyoming, Colorado, Utah, and Washington. It generates various deposit products, including regular statement savings, interest-bearing checking, money market deposit, fixed rate certificates of deposit, negotiated-rate jumbo certificates, non-interest demand, and individual retirement accounts, as well as wholesale deposits comprising the certificate of deposit account registry system. The company’s lending activities consist of the origination of both construction and permanent loans on residential real estate loans, as well as the provision of residential mortgage loans and interim construction financing for single-family dwellings; land acquisition and development loans on properties intended for residential and commercial use; pre-sold and spec-home construction and lot acquisition loans; commercial real estate loans to purchase, construct, and finance commercial real estate properties; consumer loans secured by real estate, automobiles, and other assets; and second mortgage and home equity loans. It also offers mortgage origination services and retail brokerage services. Glacier Bancorp serves individuals, small to medium-sized businesses, community organizations, and public entities. As of December 31, 2009, it operated 106 banking offices. Glacier Bancorp, Inc. was founded in 1955 and is headquartered in Kalispell, Montana.
You can contact us during market hours at 1-888-9-ClubGrand (1888-925-8247) or via email at staff@wallstreetgrand.com.
Safe Harbor
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") including 2009 growth, revenue for the second quarter and year of 2009 and gross margin for the second quarter and year of 2009. Additionally, words such as "seek," "intend," "believe," "plan," "estimate," "expect," "anticipate" and other similar expressions are forward-looking statements within the meaning of the Act. Some or all of the events or results anticipated by these forward-looking statements may not occur. Factors that could cause or contribute to such differences include the impact of intense competition, the continuation or worsening of current economic conditions and the condition of the domestic and global credit and capital markets.
Disclaimer:
Wall Street Grand LLC has not been compensated by the company for this press release and does not expect to be compensated in the future for any type of awareness. To read our full disclaimer clicks the link http://www.wallstreetgrand.com/disclosure.html
