Glacier Bancorp (GBCI) Prices 8.95M Common Offering at $14.75/Share

March 17, 2010 7:23 AM EDT
Glacier Bancorp, Inc. (NASDAQ: GBCI) announced today the pricing of the firm commitment underwritten public offering of 8,949,100 shares of its common stock at a price of $14.75 per share, for a gross offering of approximately $132 million. The offering size was increased from the $110 million disclosed in the preliminary prospectus supplement. Glacier has also granted the underwriters a 30-day option to purchase up to an additional 1,342,365 shares at the offering price (before discounts and commissions) to cover related over-allotments, if any.

D.A. Davidson & Co. acted as sole book-running manager of the offering, and Keefe, Bruyette & Woods, Inc., Sandler O'Neill + Partners, L.P., and Stifel, Nicolaus & Company, Inc. acted as co-managers.

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Keefe, Bruyette & Woods, D.A. Davidson