Meeker

Glacier Bancorp buys First National Bank of the Rockies

MONTANA I Glacier Bancorp, Inc. (NASDAQ: GBCI) last week announced the signing of a definitive agreement to acquire First National Bank of the Rockies (FNBR), a community bank based in Grand Junction, Colorado.
The acquisition marks Glacier’s 15th acquisition since 2000 and its third announced transaction in the past 15 months. FNBR provides community banking services to individuals and businesses in northwestern Colorado with 10 banking offices located in Grand Junction, Steamboat Springs, Meeker, Rangely, Craig, Hayden and Oak Creek. As of March 31, the bank had total assets of $343 million, gross loans of $132 million and total deposits of $305 million.
The boards of Glacier and FNBR Holding Corporation (FNBR’s holding company) unanimously approved the transaction, which is subject to regulatory approval and other customary conditions of closing. The transaction provides for the payment to FNBR Holding Corporation shareholders of $16.3 million in cash and 555,733 shares of Glacier common stock.
Based on the closing price of $25.06 for Glacier shares on May 8, the transaction would result in an a aggregate value of $30.3 million. As of March 31, FNBR Holding Corp. had consolidated tangible equity of $32.7 million. Upon closing of the transaction, which is anticipated to take place in the third quarter, FNBR will be merged into Glacier Bank and become part of the Bank of the San Juans banking division.
“We are excited to be adding First National Bank of the Rockies to the Glacier family of banks,” stated Mick Blodnick, Glacier’s president and chief executive officer. “This combination allows us to continue to expand in Colorado’s Western Slope, a very attractive market we have targeted for continued expansion. FNBR brings to us a sizable community bank with a long history of serving northwestern Colorado.
“The region offers attractive long-term growth prospects with a solid economic base of energy, agriculture, tourism, mining and healthcare.” Blodnick added, “FNBR serves the region well, with respected management, strong customer relationships and an excellent core deposit base.”
Blodnick also noted that the transaction will be immediately accretive to Glacier’s earnings per share and tangible book value per share.
Pete Waller, chairman, president and CEO of FNBR, commented, “We are excited to join the Glacier family of banks. FNBR’s 110-year legacy in western Colorado has molded strong ties with our customers and the communities in which we serve.
“Consumers in western Colorado will benefit from the expanded products, services, and lending capabilities that our affiliation with Glacier will bring,” he said. “Our management and staff look forward to the new growth opportunities that are sure to result from the combination.”
Glacier Bancorp, Inc. is a regional bank holding company providing commercial banking services in 72 communities in Montana, Idaho, Utah, Washington, Wyoming and Colorado. It is headquartered in Kalispell, Montana.

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  • Jake Blazon at bat for the Meeker Cowboys. The MHS team brought home two wins against Olathe and lost two against the North Fork Miners. The location for this weekend’s games has not been announced due to weather and field conditions. Read the full story online at ht1885.com.
  • The 2024 Meeker High School boys basketball team held their awards banquet last week. Jace Mobley was named Player of the Western Slope League and all-conference, Ryan Sullivan all-conference, Jonathon Fitzgibbons all-conference, Ethan Quinn honorable mention all-conference, Jacob Simonsen honorable mention all conference. Mobley will play in All State games. Coach Klark Kindler was named Western Slope Coach of the Year. Left to right: Bryan Rosas, Simonsen, Quinn, Fitzgibbons, Mobley and Sullivan.
  • It's that time again! Another edition of great local news stories is 
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  • It’s getting late, do you know where your kids are? Read all the Rio Happenings for this week in print or online at ht1885.com.
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Rio Blanco County and the White River and Douglas Creek Conservation Districts are still asking for your help to identify additional hatch-outs of crickets so that control efforts can be put in place. The success of the program will highly depend upon local landowners and the public helping to locate crickets as soon as they hatch.  See last week’s paper for a list of ways to help or contact the County Weed & Pest District at 970-878-9670 or the Conservation District office at 970-878-9838 with any questions. Website: www.WhiteRiverCD.com
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Jake Blazon at bat for the Meeker Cowboys. The MHS team brought home two wins against Olathe and lost two against the North Fork Miners. The location for this weekend’s games has not been announced due to weather and field conditions. Read the full story online at ht1885.com.
Jake Blazon at bat for the Meeker Cowboys. The MHS team brought home two wins against Olathe and lost two against the North Fork Miners. The location for this weekend’s games has not been announced due to weather and field conditions. Read the full story online at ht1885.com.
16 hours ago
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The 2024 Meeker High School boys basketball team held their awards banquet last week. Jace Mobley was named Player of the Western Slope League and all-conference, Ryan Sullivan all-conference, Jonathon Fitzgibbons all-conference, Ethan Quinn honorable mention all-conference, Jacob Simonsen honorable mention all conference. Mobley will play in All State games. Coach Klark Kindler was named Western Slope Coach of the Year. Left to right: Bryan Rosas, Simonsen, Quinn, Fitzgibbons, Mobley and Sullivan.
The 2024 Meeker High School boys basketball team held their awards banquet last week. Jace Mobley was named Player of the Western Slope League and all-conference, Ryan Sullivan all-conference, Jonathon Fitzgibbons all-conference, Ethan Quinn honorable mention all-conference, Jacob Simonsen honorable mention all conference. Mobley will play in All State games. Coach Klark Kindler was named Western Slope Coach of the Year. Left to right: Bryan Rosas, Simonsen, Quinn, Fitzgibbons, Mobley and Sullivan.
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It's that time again! Another edition of great local news stories is 
🐰 Hopping 🐰 your way this morning! Catch up on everything thats 🐣 hatching 🐣 in Rio Blanco County this week.
Need a copy? Signing up is fast and easy! Visit our website at ht1885.com/subscribe to get a copy sent to your door every week! 
We appreciate all your continued support!
It's that time again! Another edition of great local news stories is 🐰 Hopping 🐰 your way this morning! Catch up on everything thats 🐣 hatching 🐣 in Rio Blanco County this week. Need a copy? Signing up is fast and easy! Visit our website at ht1885.com/subscribe to get a copy sent to your door every week! We appreciate all your continued support!
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Rio Blanco County and the White River and Douglas Creek Conservation Districts are still asking for your help to identify additional hatch-outs of crickets so that control efforts can be put in place. The success of the program will highly depend upon local landowners and the public helping to locate crickets as soon as they hatch.  See last week’s paper for a list of ways to help or contact the County Weed & Pest District at 970-878-9670 or the Conservation District office at 970-878-9838 with any questions. Website: www.WhiteRiverCD.com
Mormon crickets have hatched near Rangely. They were all sighted on BLM land north of Hwy. 64 near the junction of CR 96 and CR 1, down a dirt road near the Moffat County line. The picture shown was taken yesterday by Mary Meinen from Rangely. She says the crickets are about the size of a ladybug (less than 1/2”). Some of them are actually yellow in color but most of them are darker. They are milling around and getting ready to start moving soon. Note: Photo is not to scale. Rio Blanco County and the White River and Douglas Creek Conservation Districts are still asking for your help to identify additional hatch-outs of crickets so that control efforts can be put in place. The success of the program will highly depend upon local landowners and the public helping to locate crickets as soon as they hatch. See last week’s paper for a list of ways to help or contact the County Weed & Pest District at 970-878-9670 or the Conservation District office at 970-878-9838 with any questions. Website: www.WhiteRiverCD.com
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