Glacier Bancorp Inc :
* transaction provides for payment to TFB Bancorp shareholders of a unit consisting of $7.36152 per share in cash, 0.607387 shares of co’s stock
* Says transaction would result in an aggregate value of $62.4 million, or $26.88 per fully diluted TFB Bancorp common share
* Says Foothills Bank will be merged into Glacier Bank and operate as a separate banking division under its existing name
* Says will acquire TFB Bancorp
* Says transaction will be immediately accretive to Glacier’s earnings per share
* Glacier Bancorp, Inc. announces entry into Arizona with the acquisition of TFB Bancorp, Inc. in Yuma, Arizona Source text for Eikon: Further company coverage:
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Source: Reuters.com
