The Glacier Family of Banks: A Comprehensive Guide

The Glacier Family of Banks encompasses a network of community banks dedicated to providing financial services to individuals, families, and businesses in the United States. With a combined asset base of over $26 billion, Glacier Bancorp, Inc. (GBCI), the parent company of the Glacier Family of Banks, ranks among the top 100 bank holding companies in the nation.

A History of Growth and Innovation

The Glacier Family of Banks has its roots in the early 1900s, when a group of local businessmen founded the First National Bank of Kalispell in Montana. Over the years, the bank expanded its reach through strategic acquisitions and mergers, becoming one of the largest financial institutions in the Pacific Northwest.

In 2008, Glacier Bancorp, Inc. was formed as the holding company for the Glacier Family of Banks. Since then, the company has continued to expand its operations, acquiring banks in Montana, Idaho, Utah, Washington, and other states.

Mission and Values

The Glacier Family of Banks is guided by a mission of "Enhancing Lives Through Exceptional Banking." The company's core values include:

• Customer Focus: Putting the needs of clients first
• Integrity: Adhering to the highest ethical standards
• Community Involvement: Supporting local communities where we operate
• Innovation: Staying at the forefront of financial technology

Products and Services

The Glacier Family of Banks offers a wide range of financial products and services, including:

• Personal Banking: Checking accounts, savings accounts, money market accounts, CDs
• Business Banking: Commercial loans, lines of credit, treasury management services
• Wealth Management: Investment advice, financial planning, trust services
• Mortgage Lending: Home loans, refinancing, construction loans

Financial Performance

The Glacier Family of Banks has consistently outperformed the industry in terms of financial performance. The company's net income has grown by an average of 9% per year over the past decade, and its return on equity (ROE) has consistently exceeded 10%.

• In 2022, Glacier Bancorp reported net income of $240.5 million, an increase of 12% from the previous year.
• The company's return on equity was 12.3%, compared to an industry average of 10.2%.

Awards and Recognition

The Glacier Family of Banks has received numerous awards and accolades for its financial performance and customer service. These include:

• Ranked as one of the "25 Best Banks in the United States" by Forbes
• Named a "Top Workplace" by the Great Place to Work Institute
• Awarded the "Community Involvement Award" by the Independent Community Bankers of America

Community Involvement

The Glacier Family of Banks is deeply committed to supporting the communities where it operates. The company makes significant investments in local organizations and causes through its Glacier Foundation, which focuses on education, healthcare, and community development.

• In 2022, the Glacier Foundation provided over $5 million in grants to local nonprofits.
• The company also supports local businesses and entrepreneurs through its Glacier Business Accelerator program.

Careers at Glacier

Glacier Bancorp is a great place to work, with a strong focus on employee development and career advancement. The company offers a competitive benefits package, including:

• Health, dental, and vision insurance
• Paid time off
• Tuition reimbursement
• Employee stock ownership plan

How to Bank with Glacier

To start banking with the Glacier Family of Banks, you can visit your nearest branch or open an account online. The company offers a range of convenient options, including:

• Online banking
• Mobile banking
• ATM network

Conclusion

The Glacier Family of Banks is a financially sound and growing company with a long history of providing exceptional banking services. The company is committed to its customers, its communities, and its employees, making it a great choice for individuals, families, and businesses.

Strategies for Banking with Glacier

• Compare Accounts: Glacier offers a variety of checking, savings, and CD accounts. Compare the features and fees of each account to find the best option for your needs.
• Use Online Banking: Glacier's online banking platform provides convenient access to your accounts 24/7. You can check your balance, transfer funds, pay bills, and more.
• Take Advantage of Mobile Banking: Glacier's mobile banking app allows you to manage your accounts on the go. You can deposit checks, pay bills, and find nearby ATMs.
• Attend Financial Education Events: Glacier offers free financial education workshops and webinars. These events can help you learn about budgeting, investing, and other financial topics.
• Build a Relationship with Your Banker: Your Glacier banker can provide personalized advice and help you meet your financial goals.

Tips and Tricks

• Sign up for Overdraft Protection: Overdraft protection can help you avoid costly overdraft fees. Glacier offers several overdraft protection options, including a line of credit and a savings account overdraft transfer.
• Use Glacier's Credit Card Rewards Program: Glacier's credit card rewards program allows you to earn points on your purchases. These points can be redeemed for cash back, merchandise, and travel.
• Take Advantage of Glacier's Mortgage Programs: Glacier offers a variety of mortgage programs, including fixed-rate loans, adjustable-rate loans, and jumbo loans. Glacier's mortgage specialists can help you find the best loan for your needs.
• Consider Glacier's Wealth Management Services: Glacier's wealth management team can help you develop a financial plan that meets your unique goals and objectives.

Common Mistakes to Avoid

• Overdrafting Your Account: Overdrafting your account can lead to costly overdraft fees. Be sure to track your spending and avoid overdrawing your account.
• Not Using Online Banking: Online banking is a convenient way to manage your accounts and avoid fees. Take advantage of Glacier's online banking platform.
• Ignoring Your Credit Score: Your credit score is used to determine your interest rates on loans and credit cards. Monitor your credit score and take steps to improve it.
• Not Saving for the Future: It is important to start saving for the future early. Glacier offers a variety of savings accounts and CDs to help you reach your financial goals.

Comparison of Glacier with Other Banks

Pros and Cons of Banking with Glacier

Pros

• Strong financial performance
• Excellent customer service
• Community involvement
• Variety of products and services
• Competitive rates

Cons

• Limited branch network outside of the Pacific Northwest
• Higher fees on some accounts

Conclusion

The Glacier Family of Banks is an excellent choice for individuals, families, and businesses seeking a financially sound and customer-focused banking experience. With a strong track record of financial performance, a wide range of products and services, and a commitment to community involvement, Glacier is a bank you can trust.