Transactions

First National Bank & Trust02.12.2009$282 million in assets

In a uniquely structured transaction, Sheshunoff & Co. Investment Banking announces the sale of First National Bank & Trust of Powell, Wyoming, a $282 million bank, to Glacier Bancorp. Sheshunoff & Co. served as the exclusive financial advisor to First National Bank & Trust. Glacier will pay for the bank using a combination of cash, stock and loans.

In a difficult market, our client found a strong partner that will allow them to continue serving their communities while offering the many benefits of belonging to a larger parent. Also of note are the buyer’s plans to leave the name of the bank and local decision-making functions untouched.

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