Glacier Bancorp Completes Stock Offering

By Beacon Staff

Glacier Bancorp says it expects to net about $94 million from its recently completed public offering of common stock at $15.50 a share.

The holding company based in Kalispell says the money will be available for general corporate purposes and for possible acquisitions.

Glacier announced in August that it was acquiring Bank of the San Juans, a community bank based in Durango, Colo.

Glacier operates chiefly through 10 commercial banking subsidiaries in Montana, Idaho, Utah, Washington, and Wyoming.

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