Glacier Bancorp, Inc. (GBCI) entered a merger agreement on June 24, 2025, to acquire Guaranty Bancshares, Inc. (GNTY) in an all-stock deal valued at $476.2 million.
Under the terms of the agreement, Guaranty shareholders are to receive 1 share of Glacier stock for each Guaranty share, at a value of $41.58 per Guaranty share, representing a 1.86% discount from the stock’s last close.
Guaranty Bancshares is the parent company of Guaranty Bank & Trust, providing a full range of commercial and consumer banking services across 33 locations in Texas. Founded in 1913 and headquartered in Addison, Texas, it serves individuals, professionals, and businesses with deposits, loans, and digital banking solutions. As of March 31, 2025, the company had $3.2 billion in assets, $2.1 billion in loans, and $2.7 billion in deposits.
Glacier Bancorp is the parent company of Glacier Bank and its 17 regional divisions, providing commercial banking services to individuals, businesses, and public entities across 224 locations in eight western U.S. states. Headquartered in Kalispell, Montana, Glacier Bancorp offers a wide range of deposit, loan, and mortgage services.
The deal is expected to close in the fourth quarter of 2025.
Guaranty Bank & Trust will operate as a new division under the name ‘Guaranty Bank & Trust, Division of Glacier Bank,’ becoming the 18th separate banking division of Glacier Bank.
Guaranty Bancshares received financial advice from Keefe Bruyette & Woods, a Stifel company, and legal advice from Norton Rose Fulbright US. Stephens advised Glacier Bancorp on financial matters, and Miller Nash advised on legal matters.
Glacier is acquiring Guaranty at 1.65 times its tangible book value.
For more information about this merger, visit the Deal Metrics page:
Deal Metrics for the acquisition of Guaranty Bancshares, Inc. (GNTY) by Glacier Bancorp, Inc. (GBCI)
The Deal Metrics page provides the following information for each merger or acquisition:
– A spread history chart of the merger from announcement to completion or failure.
– Progress of the merger including HSR period expiration, regulatory approvals, shareholder votes, etc.
– News and SEC filings.
– History of deal updates.
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Editor’s Note: Baranjot Kaur contributed to this article