Glacier Bancorp Inc. (NASDAQ: GBCI) reported Monday it has completed its sale of about 10.3 million shares at $14.75 a share, according to Associated Press.
The bank holding company said it expects the offering to earn 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.
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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.
Glacier Bancorp shares rose 1 cent to finish at $15.94 in regular trading Monday.
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