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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Don J. Chery Executive | Executive Vice President and CAO | None available | Don J. Chery has over 39 years of experience in banking and has been with GBCI since 1989. He is set to retire at the end of 2024. | |
Randall M. Chesler Executive | President and CEO | None available | Randall M. Chesler has over 35 years of experience in the financial services industry. He joined GBCI in 2015 and became President and CEO in 2017. | View Report → |
Ron J. Copher Executive | Executive Vice President and CFO | None available | Ron J. Copher is the Executive Vice President and Chief Financial Officer of GBCI. | |
Annie M. Goodwin Board | Director | Principal of Goodwin Law Office, L.L.C. | Annie M. Goodwin is an attorney specializing in banking and regulatory law and has been a director since 2012. | |
Craig A. Langel Board | Chairman of the Board | Owner and President of CLC Restaurants, Inc.; Board member of Taco Bell Foundation and Missoula Children’s Theatre. | Craig A. Langel has over 40 years of experience in accounting and business management. He has been a director since 2005 and is a CPA. | |
David C. Boyles Board | Director | Board Member of Collegiate Peaks Bank | David C. Boyles has over 49 years of commercial banking experience and joined the GBCI Board in 2018. | |
Douglas J. McBride Board | Director of Western Security Bank | Optometrist; Former President of Montana State Board of Examiners for Optometry | Douglas J. McBride has been an optometrist for over 30 years and has been a director since 2006. | |
Jesus T. Espinoza Board | Director | President and CEO of Espinoza Community Development LLC | Jesus T. Espinoza is a prominent architect of Latino community development policy and has been a director since 2022. | |
Kristen L. Heck Board | Director | Owner and CEO of Alternative Staffing Corporation; Founder of Loyal Care LP | Kristen L. Heck has over 28 years of leadership in the talent acquisition industry and has been a director since 2021. | |
Michael B. Hormaechea Board | Director | Manager of Hormaechea Development LLC | Michael B. Hormaechea is the manager of Hormaechea Development LLC and has been a director since 2021. | |
Robert A. Cashell, Jr. Board | Director | Director of Red Rock Resorts, Inc.; Chair of Heritage Bank | Robert A. Cashell, Jr. has over 40 years of experience in hospitality and gaming. He joined the GBCI Board in 2021. | |
Sherry L. Cladouhos Board | Director | None available | Sherry L. Cladouhos has extensive experience in executive leadership and strategic planning. She has been a director since 2010. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Bank of Idaho Holding Co. (BOID) | 2025 | Glacier Bancorp, Inc. (GBCI) is acquiring BOID in a 100% stock transaction valued at $245.4 million (with $234.3 million to common shareholders and $11.0 million to options/stock appreciation rights holders), aimed at strengthening its position in Idaho and Eastern Washington through cost savings and market expansion, with an expected closing in Q2 2025. |
Community Financial Group, Inc. (CFGW) | 2024 | Glacier Bancorp, Inc. completed the acquisition of CFGW via a 100% stock deal valued at approximately $93.156 million (involving the issuance of shares and cash), strategically merging CFGW’s Wheatland Bank into Glacier Bank to create a market-leading franchise in Eastern Washington and achieve significant EPS accretion. |
Six Montana Branch Locations of HTLF Bank | 2024 | Completed on July 19, 2024, this acquisition involved integrating six branch locations with approximately $290 million in gross loans and $395 million in deposits, including a deposit premium payment of $25.24 million, to expand Glacier Bancorp's Montana presence and deliver earnings accretion. |
Altabancorp | 2021 | Glacier Bancorp, Inc. acquired Altabancorp in a stock transaction valued at $839.85 million, where Altabancorp shareholders received 0.7971 shares per share; this deal expanded Glacier’s footprint in Utah by integrating the largest community bank in the state and adding 25 branch locations. |
State Bank Corp. | 2020 | Completed on February 29, 2020, the acquisition of State Bank Corp. (parent of State Bank of Arizona) bolstered Glacier Bancorp's Arizona presence by integrating SBAZ into its Foothills Bank division, with detailed financial metrics including around $745 million in total assets and significant deposits and loans acquired. |
Recent press releases and 8-K filings for GBCI.
- Glacier Bancorp delivered its investor presentation on May 5, 2025, outlining key Q1 2025 financial metrics such as total assets of $27.9 billion and strengthening core deposit trends.
- The presentation detailed the strategic acquisition of Bank of Idaho Holding Co., including a 1.100x share exchange for each BOID share and a total transaction value of approximately $245.4 million.
- Emphasis was placed on enhanced operational performance with improvements in EPS, net interest income, and liquidity, demonstrating the resilience of the community banking model.
- Strong Q1 performance: Reported diluted EPS of $0.48 and net income of $54.6 million, showing a notable year-over-year increase and margin expansion with a net interest margin rising to 3.04%.
- Strategic acquisitions: Progress on the proposed Bank of Idaho acquisition is highlighted, expected to contribute approximately 4 basis points of margin lift and a conversion targeted for early September.
- Guidance adjustments: Updated noninterest expense and margin trajectory guidance were provided, with Q2 to Q4 core expense estimates and expectations of steady loan growth amid cautious spending due to economic uncertainties.
- Glacier Bancorp received final regulatory approval for its acquisition of Bank of Idaho Holding Co. and its bank subsidiary, with conditions including an upcoming special meeting of BOID shareholders on April 21, 2025.
- The transaction is scheduled to complete on April 30, 2025, pending satisfaction of remaining closing conditions.