Glacier Bancorp (GBCI) Files $250M Shelf Registration

November 3, 2008 5:38 PM EST
Glacier Bancorp, Inc. (Nasdaq: GBCI) announced today that it has filed a shelf registration statement on Form S-3 with SEC. The shelf registration will allow Glacier to raise capital from time to time, up to an aggregate of $250 million, through the sale of common and preferred stock.

Glacier also announced today that it has filed a prospectus supplement with the SEC for the offer of 4,000,000 shares of common stock by Glacier through a firm commitment underwritten public offering. D.A. Davidson & Co. is expected to act as lead manager in the offering while Keefe, Bruyette & Woods, Inc. is expected to act as a co-manager. Glacier intends to grant the underwriters a 30-day option to purchase up to an additional 600,000 shares to cover over-allotments, if any.

Glacier intends to use the net proceeds from this offering to fund possible future acquisitions and for general corporate purposes.

Glacier Bancorp, Inc., a multi-bank holding company, provides commercial banking services in Montana, Idaho, Wyoming, Utah, and Washington.

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Keefe, Bruyette & Woods, D.A. Davidson