Montana-based Glacier Bancorp has signed a merger agreement with First National Bank & Trust of Powell, Wyo.
The deal, which is subject to approval by regulators, would mark Glacier’s 11th bank acquisition since 2000 and the third in Wyoming.
First National Bank & Trust has offices in the Wyoming communities of Powell, Cody and Lovell. As of Dec. 31, the bank had $282 million in assets.
Glacier Bancorp is a regional bank holding company based in Kalispell. Assets as of Dec. 31 were $5.6 billion.
Under the deal, First National Bank & Trust would become a Glacier subsidiary and continue to operate with a separate identity, bank charter, board of directors and management team.
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