Glacier Bancorp Inc., the holding company of Kalispell, Montana-based Wheatland Bank, is acquiring the holding company of the Bank of Idaho and will divide its branches among Wheatland and other regional banks.
The deal is expected to close in the second quarter of 2025, pending approval of banking regulators and closing details, a news release said.
All Bank of Idaho branches in Eastern Washington will come under the Wheatland Bank name once the deal is finalized. The eastern Idaho branches will join Citizens Community Bank while those in the Treasure Valley will join Mountain West Bank.
Bank of Idaho currently has two branches in the Tri-Cities, in Kennewick and Pasco. It also has a Sunnyside branch.
“We are excited and proud to welcome the Eastern Washington customers and employees of the Bank of Idaho to Wheatland Bank,” said Susan M. Horton, Wheatland’s president and CEO, in a release. “Bank of Idaho’s footprint complements Wheatland’s and will deepen our penetration in existing markets and give us a great presence in new markets we had targeted for expansion. We look forward to fostering the relationships the Bank of Idaho team has developed with its customers and continuing to invest in the local communities.”