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Treasure State Bank shareholders approve acquisition by Glacier Bancorp

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Treasure State Bank shareholders approve acquisition by Glacier Bancorp

Missoula, Mont.-basedTreasure State Bank shareholdersapproved the bank's pending acquisitionby Kalispell, Mont.-based Glacier BancorpInc. during a special meeting July 20.

The is set to close Aug. 31, withtotal integration expected to occur in late October. Upon close of the transaction,the bank will be merged into First Security Bank of Missoula, a division of .

The bank alsoreported second-quarter unaudited net operating income of $96,000, compared to pretaxearnings of $188,000 for the previous period and $125,000 for the year-ago quarter.Second-quarter earnings also included $192,000 in merger-related expenses. Withoutthe expenses, Treasure State's second-quarter earnings would be $288,000.