01/12/2022

Let’s Make a (Big) Deal

Glacier Bancorp closed its biggest deal yet on Oct. 1, 2021, acquiring Altabancorp, a $3.5 billion bank in American Fork, Utah. Population growth in the Beehive State, as Utah is known, has exploded over the past decade, growing by almost 20% since 2010, according to census data. Kalispell, Montana-based Glacier had a limited presence in the state before the acquisition closed. Now, “we were able to get into all the markets [we] want to be in up in Utah, [in] one fell swoop,” says Randall Chesler, CEO of the $21 billion bank, which has closed nine deals since 2015. “Strategically,…

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WRITTEN BY

Emily McCormick

Vice President of Editorial & Research

Emily McCormick is Vice President of Editorial & Research for Bank Director. Emily oversees research projects, from in-depth reports to Bank Director’s annual surveys on M&A, risk, compensation, governance and technology. She also manages content for the Bank Services Program. In addition to regularly speaking and moderating discussions at Bank Director’s in-person and virtual events, Emily regularly writes and edits for Bank Director magazine and BankDirector.com. She started her career in the circulation department at the Knoxville News-Sentinel, and graduated summa cum laude from The University of Tennessee with a bachelor’s degree in Spanish and International Business.

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