The following is a news release from Citizen Community Bank.
IDAHO FALLS — Glacier Bancorp Inc., the holding company for Citizens Community Bank, has signed a definitive agreement to acquire Bank of Idaho Holding Company, the Idaho Falls-based holding company for Bank of Idaho. .
The acquisition is expected to close in the second quarter of 2025, pending banking regulatory approvals and other closing conditions.
Bank of Idaho operates in three different markets. Upon completion of the transaction, Bank of Idaho's Eastern Idaho branch will join Citizens Community Bank, a division of Glacier Bank. The remaining Bank of Idaho branches in Idaho's Treasure Valley will join Mountain West Bank, a Glacier Banking division, and the branches in Eastern Washington will join Wheatland Bank, a Glacier Banking division.
“Idaho Bank is a true community bank, and we look forward to finding partners who share the same vision, values, and relationship banking model that has been core to our success over the years,” said Jeff Newgard, Chairman of Bank of Idaho. I'm glad I was able to do that.” President and CEO. “We are excited to join the Glacier family of banks and look forward to the opportunities and benefits this combination will bring to our customers, employees and shareholders.”
“We are excited and proud to welcome Eastern Idaho Bank customers to Citizens Community Bank,” said Citizen President and CEO Nathan Christensen. said. “The Bank of Idaho location complements our current presence in this high-growth market. We truly admire the impact this franchise has had on the community and are proud of the Bank of Idaho team for our customers. We are focused on fostering the relationships we have built with our customers. Christensen added, “This acquisition is consistent with our history of adding high-quality community banks to our proven banking model. We look forward to continuing to invest in our community.”
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