D.A. Davidson & Co. has served as exclusive financial advisor to Glacier Bancorp Inc. (NASDAQ: GBCI) in its agreement to acquire TFB Bancorp Inc. (OTC Pink: TBBN), the holding company for Foothills Bank, a community bank in Arizona.
With the acquisition, Glacier marks its entry into the state of Arizona with four banking offices located in Yuma, Prescott and Casa Grande.
The boards of both Glacier and TFB Bancorp have approved the transaction, which is subject to regulatory approvals.
More details can be found here.