First National sale approved by Feds

Posted 9/8/09

Federal regulators have approved the sale of First National Bank and Trust to a Montana-based corporation.

Glacier Bancorp, Inc., of Kalispel, Mont., announced Friday that the Federal Reserve Bank of Minneapolis has approved the acquisition of …

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First National sale approved by Feds

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Federal regulators have approved the sale of First National Bank and Trust to a Montana-based corporation.Glacier Bancorp, Inc., of Kalispel, Mont., announced Friday that the Federal Reserve Bank of Minneapolis has approved the acquisition of First Company of Cody, the holding company which controls First National Bank and Trust. The sale is expected close by the end of this month.Glacier Bancorp is a regional holding company with 10 subsidiary banks that provide services in more than 50 communities in Montana, Idaho, Utah, Colorado and Washington as well as Wyoming. Glacier's assets totaled $5.6 billion on June 30. First National had total assets of $272 billion on that date.A full story will follow in our Thursday edition.

Federal regulators have approved the sale of First National Bank and Trust to a Montana-based corporation.

Glacier Bancorp, Inc., of Kalispel, Mont., announced Friday that the Federal Reserve Bank of Minneapolis has approved the acquisition of First Company of Cody, the holding company which controls First National Bank and Trust.

The sale is expected close by the end of this month.

Glacier Bancorp is a regional holding company with 10 subsidiary banks that provide services in more than 50 communities in Montana, Idaho, Utah, Colorado and Washington as well as Wyoming. Glacier's assets totaled $5.6 billion on June 30. First National had total assets of $272 billion on that date.

A full story will follow in our Thursday edition.

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