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April 29, 2003

Glacier Bancorp

Kalispell, Mont.-based Glacier Bancorp will acquire Pend Oreille Bank in an all-cash transaction valued at $10.4 million. Pend Oreille Bank has approximately $65 million in assets in two banking offices in Sandpoint, Idaho, and one office in Newport, Wash. The three offices will become offices of Mountain West Bank of Coeur d'Alene, Idaho, Glacier's community banking subsidiary. Mountain West Bank will have total assets of about $500 million. Most current management and employees will remain with the bank, including current CEO Evelyn Meany who will become an executive vice president with Mountain West Bank.




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