Glacier Bancorp is set to significantly expand its footprint in the Southwest with the acquisition of Guaranty Bancshares, the bank holding company for Guaranty Bank & Trust.

The all-stock transaction marks Glacier’s 27th bank acquisition since 2000 and is expected to close in the fourth quarter of 2025.

Guaranty has 33 banking locations across 26 Texas communities situated within the East Texas, Dallas/Fort Worth, Houston and Central Texas regions of the state. 

Guaranty’s assets, loans, and deposits are valued at $3.2bn, $2.1bn, and $2.7bn respectively as of 31 March 2025.

The boards of both Glacier and Guaranty have unanimously approved the transaction, which is now pending regulatory and shareholder approvals.

Guaranty shareholders are slated to receive one share of Glacier stock for each Guaranty share they hold, valuing the transaction at approximately $476.2m based on Glacier’s recent stock price.

Once the acquisition is completed, Guaranty Bank & Trust will become a new division within Glacier Bank.

Glacier Bancorp president and CEO Randy Chesler said: “Guaranty fits strategically and culturally within the unique Glacier business model and will allow us to enter a complementary state with an exceptional demographic profile, strong growth prospects, and a business-friendly operating environment.

“This acquisition continues our long history of consistently adding high quality community banks to our proven banking model and we are very enthusiastic about the future opportunities this partnership will provide.”

Guaranty Bancshares chairman and CEO Ty Abston said: “This partnership gives Guaranty added strength, with the support of a larger balance sheet and the resources to invest in the latest technologies and products to serve our existing and future customers.”