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First Security Bank, Glacier Bancorp announce merger

October 28, 2017 /

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Two banks holding spots in the top-three rankings for control of the banking market in Gallatin County are merging.

Intermountain Bancorp, Inc., the Bozeman-based holding company for First Security Bank, announced Thursday that it has joined the Glacier Bancorp family of banks, which includes Big Sky Western Bank.

After the merger, the two banks will control about 35 percent of the banking market in the county, according to a deposit market share report by the Federal Deposit Insurance Corporation. The second-ranked bank after the merger will be First Interstate Bank with 14 percent of the market shares in the area.

By Freddy Monares Chronicle Staff Writer

https://www.bozemandailychronicle.com/news/business/first-security-bank-glacier-bancorp-announce-merger/article_a405fff1-799e-56ed-9844-73296c09e6d8.html

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