Heritage Bank to join Glacier Bancorp
RENO — Heritage Bancorp, the Reno-based holding company for Heritage Bank of Nevada, has entered into an agreement to join the Glacier Bancorp family of banks.
Pending board and regulatory approval, Heritage will officially be under the Glacier Bancorp umbrella in the third quarter of 2019. After transaction close, Heritage will continue to operate as a community bank under the same management team, and will be known as Heritage Bank of Nevada, division of Glacier Bank.
Stan Wilmoth, Heritage Bank’s President and CEO, says of the merger:
“Heritage Bank is a highly successful and profitable bank and has enjoyed growing and serving this community for nearly a quarter of a century. As we grow, we continue looking for additional opportunities for the bank. We want to provide additional deposit and loan products to our customers and enhance our lending abilities. We have determined that a banking partner is the optimal solution for our strategic needs and for further shareholder value.
“I am pleased to announce a partnership with Glacier Bancorp. Glacier’s community banking model aligns very well with our culture and approach to banking. Glacier Bank will enhance and expand the banking experience for our customers. We are excited to join the Glacier team and look forward to the opportunities and benefits this combination will bring to our clients, employees, and shareholders.”
All branch offices of Heritage Bank of Nevada will remain open and continue to meet customers’ banking needs. Customers can contact a banking representative from any branch to address questions regarding this announcement.
Glacier Bancorp, Inc. is the parent company for Glacier Bank, Kalispell and its bank divisions: First Security Bank of Missoula; Valley Bank of Helena; First Security Bank, Bozeman; Western Security Bank, Billings; and First Bank of Montana, Lewistown; all operating in Montana; as well as Mountain West Bank, Coeur d’Alene, operating in Idaho, Utah and Washington; First Bank, Powell, operating in Wyoming and Utah; Citizens Community Bank, Pocatello, operating in Idaho; Bank of the San Juans, Durango, operating in Colorado, and First State Bank, Wheatland, operating in Wyoming; North Cascades Bank, Chelan, operating in Washington; and The Foothills Bank, Yuma, operating in Arizona.
For more information, visit Glacier’s website at http://www.glacierbancorp.com.