STOCK TITAN

[8-K] Glacier Bancorp Inc Reports Material Event

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
8-K
Rhea-AI Filing Summary

Flagstar Financial, Inc. ("Company") has signed an Agreement and Plan of Merger with its wholly-owned subsidiary Flagstar Bank, N.A. ("Bank"). The parent will merge into the Bank, leaving the Bank as the surviving, publicly-traded entity.

  • At closing, all outstanding common and Series A preferred shares will be cancelled and exchanged 1-for-1 for equivalent Bank shares; Series B and Series D preferred convert into substantially identical non-voting equity where required by law.
  • Existing warrants will automatically become warrants on Bank common stock.
  • The Bank will assume all assets, liabilities, debt obligations and incentive plans, and will keep the same board, executive team and NYSE ticker “FLG”.
  • The merger is intended to be a tax-free reorganisation under IRC §368(a); shareholders should not realise gain or loss.
  • Boards of both entities have approved the deal; completion requires customary regulatory and special-meeting shareholder approvals.
  • Post-merger, the Bank will report to the OCC rather than the SEC and will continue operating under the Flagstar brand nationwide.

No timetable, cost synergies or other financial terms were disclosed.

Flagstar Financial, Inc. ("Società") ha firmato un Accordo e Piano di Fusione con la sua controllata al 100% Flagstar Bank, N.A. ("Banca"). La società madre si fonderà nella Banca, che rimarrà come entità sopravvissuta e quotata in borsa.

  • Alla chiusura, tutte le azioni ordinarie e le azioni privilegiate Serie A in circolazione saranno cancellate e scambiate 1 a 1 con azioni equivalenti della Banca; le azioni privilegiate Serie B e Serie D si convertiranno in azioni di capitale sostanzialmente identiche ma senza diritto di voto, dove previsto dalla legge.
  • I warrant esistenti diventeranno automaticamente warrant su azioni ordinarie della Banca.
  • La Banca assumerà tutti gli asset, passività, obbligazioni debitorie e piani incentivanti, mantenendo lo stesso consiglio di amministrazione, il team esecutivo e il ticker NYSE “FLG”.
  • La fusione è prevista come una ristrutturazione fiscale senza imposte ai sensi della sezione IRC §368(a); gli azionisti non dovrebbero realizzare né plusvalenze né minusvalenze.
  • I consigli di amministrazione di entrambe le entità hanno approvato l’accordo; il completamento richiede le consuete approvazioni normative e degli azionisti in assemblea straordinaria.
  • Dopo la fusione, la Banca riferirà all’OCC anziché alla SEC e continuerà a operare con il marchio Flagstar a livello nazionale.

Non sono stati comunicati tempi, sinergie di costo o altri termini finanziari.

Flagstar Financial, Inc. ("Compañía") ha firmado un Acuerdo y Plan de Fusión con su subsidiaria de propiedad total Flagstar Bank, N.A. ("Banco"). La matriz se fusionará en el Banco, que permanecerá como la entidad sobreviviente y cotizada en bolsa.

  • Al cierre, todas las acciones comunes y preferentes Serie A en circulación serán canceladas y canjeadas 1 a 1 por acciones equivalentes del Banco; las preferentes Serie B y Serie D se convertirán en acciones de capital sustancialmente idénticas pero sin derecho a voto, cuando lo exija la ley.
  • Los warrants existentes se convertirán automáticamente en warrants sobre acciones comunes del Banco.
  • El Banco asumirá todos los activos, pasivos, obligaciones de deuda y planes de incentivos, manteniendo la misma junta directiva, equipo ejecutivo y el símbolo bursátil NYSE “FLG”.
  • La fusión está prevista como una reorganización libre de impuestos bajo IRC §368(a); los accionistas no deberían realizar ganancias ni pérdidas.
  • Las juntas directivas de ambas entidades han aprobado el acuerdo; su finalización requiere las aprobaciones regulatorias habituales y de los accionistas en asamblea especial.
  • Después de la fusión, el Banco reportará a la OCC en lugar de a la SEC y continuará operando bajo la marca Flagstar a nivel nacional.

No se han divulgado plazos, sinergias de costos ni otros términos financieros.

Flagstar Financial, Inc.("회사")는 100% 자회사인 Flagstar Bank, N.A.("은행")와 합병 계약 및 계획을 체결했습니다. 모회사는 은행에 합병되며, 은행이 생존하는 공개 상장 법인이 됩니다.

  • 종결 시, 모든 보통주 및 시리즈 A 우선주는 취소되고 은행 주식과 1대1로 교환됩니다; 시리즈 B시리즈 D 우선주는 법률에 따라 실질적으로 동일한 무의결권 지분으로 전환됩니다.
  • 기존 워런트는 자동으로 은행 보통주 워런트로 전환됩니다.
  • 은행은 모든 자산, 부채, 채무 의무 및 인센티브 계획을 인수하며, 동일한 이사회, 경영진 및 NYSE 티커 “FLG”를 유지합니다.
  • 합병은 IRC §368(a)에 따른 비과세 조직 재편으로 의도되며, 주주들은 이익이나 손실을 실현하지 않아야 합니다.
  • 양측 이사회는 거래를 승인했으며, 완료를 위해서는 관례적인 규제 승인과 주주 특별총회 승인이 필요합니다.
  • 합병 후 은행은 SEC 대신 OCC에 보고하며 전국적으로 Flagstar 브랜드로 계속 운영됩니다.

일정, 비용 시너지 또는 기타 재무 조건은 공개되지 않았습니다.

Flagstar Financial, Inc. ("Société") a signé un Contrat et Plan de Fusion avec sa filiale en propriété exclusive Flagstar Bank, N.A. ("Banque"). La société mère va fusionner dans la Banque, qui restera l'entité survivante cotée en bourse.

  • À la clôture, toutes les actions ordinaires et les actions privilégiées Série A en circulation seront annulées et échangées à raison de 1 pour 1 contre des actions équivalentes de la Banque ; les actions privilégiées Série B et Série D seront converties en actions de capitaux propres sans droit de vote substantiellement identiques, lorsque la loi l'exige.
  • Les bons de souscription existants deviendront automatiquement des bons de souscription sur les actions ordinaires de la Banque.
  • La Banque reprendra tous les actifs, passifs, obligations de dette et plans incitatifs, tout en conservant le même conseil d'administration, l'équipe de direction et le symbole boursier NYSE « FLG ».
  • La fusion est conçue comme une réorganisation fiscale sans imposition selon l'IRC §368(a) ; les actionnaires ne devraient pas réaliser de gains ou de pertes.
  • Les conseils d'administration des deux entités ont approuvé l'accord ; la finalisation nécessite les approbations réglementaires habituelles et des actionnaires en assemblée extraordinaire.
  • Après la fusion, la Banque rapportera à la OCC plutôt qu'à la SEC et continuera d'opérer sous la marque Flagstar à l'échelle nationale.

Aucun calendrier, synergies de coûts ou autres termes financiers n'ont été divulgués.

Flagstar Financial, Inc. ("Gesellschaft") hat eine Vereinbarung und Verschmelzungsplan mit ihrer hundertprozentigen Tochtergesellschaft Flagstar Bank, N.A. ("Bank") unterzeichnet. Die Muttergesellschaft wird in die Bank verschmolzen, wobei die Bank als überlebende, börsennotierte Einheit verbleibt.

  • Zum Abschluss werden alle ausstehenden Stamm- und Serie A Vorzugsaktien annulliert und im Verhältnis 1:1 gegen entsprechende Bankaktien getauscht; Serie B und Serie D Vorzugsaktien werden, sofern gesetzlich erforderlich, in im Wesentlichen identische stimmrechtslose Eigenkapitalanteile umgewandelt.
  • Bestehende Warrants werden automatisch in Warrants auf Bank-Stammaktien umgewandelt.
  • Die Bank übernimmt alle Vermögenswerte, Verbindlichkeiten, Schuldenverpflichtungen und Anreizpläne und behält denselben Vorstand, das Führungsteam und das NYSE-Tickersymbol „FLG“ bei.
  • Die Fusion soll eine steuerfreie Umstrukturierung gemäß IRC §368(a) sein; Aktionäre sollten keine Gewinne oder Verluste realisieren.
  • Die Vorstände beider Gesellschaften haben dem Deal zugestimmt; der Abschluss erfordert die üblichen behördlichen und Sonderaktionärsversammlungs-Genehmigungen.
  • Nach der Fusion wird die Bank an die OCC statt an die SEC berichten und weiterhin landesweit unter der Marke Flagstar tätig sein.

Kein Zeitplan, Kostensynergien oder weitere finanzielle Bedingungen wurden bekannt gegeben.

Positive
  • Simplifies corporate structure by eliminating holding-company layer, which may lower regulatory and administrative costs.
  • Tax-free reorganisation under IRC §368(a) avoids immediate shareholder tax liability.
  • No dilution or change in ownership; shares convert 1-for-1 and ticker remains the same.
Negative
  • Completion risk: transaction still needs shareholder and regulatory approvals.
  • No disclosed cost savings or timeline, making the financial benefit and closing date uncertain.
  • Conversion of preferred shares into non-voting equity where restricted could affect certain holders’ rights.

Insights

TL;DR – Internal upstream merger; structure simplified, economics unchanged, impact neutral.

The parent-into-bank merger collapses a holding-company layer, potentially reducing regulatory and administrative costs while keeping ownership, capital structure and public market presence intact. Because shares convert 1-for-1 and the Bank assumes all obligations, the transaction is economically neutral for investors. Any upside hinges on future cost savings, which are not quantified. The filing lacks financial guidance and sets no closing date, so immediate valuation impact is limited.

TL;DR – Governance continuity preserved; shareholder approval still required.

The Merger keeps the existing board and management, mitigating continuity risk. Shareholders retain proportional ownership, but must vote at a special meeting. Regulatory oversight shifts from SEC to OCC, altering disclosure cadence but not transparency requirements. Pending approvals introduce timing uncertainty, yet no adverse governance changes are evident.

Flagstar Financial, Inc. ("Società") ha firmato un Accordo e Piano di Fusione con la sua controllata al 100% Flagstar Bank, N.A. ("Banca"). La società madre si fonderà nella Banca, che rimarrà come entità sopravvissuta e quotata in borsa.

  • Alla chiusura, tutte le azioni ordinarie e le azioni privilegiate Serie A in circolazione saranno cancellate e scambiate 1 a 1 con azioni equivalenti della Banca; le azioni privilegiate Serie B e Serie D si convertiranno in azioni di capitale sostanzialmente identiche ma senza diritto di voto, dove previsto dalla legge.
  • I warrant esistenti diventeranno automaticamente warrant su azioni ordinarie della Banca.
  • La Banca assumerà tutti gli asset, passività, obbligazioni debitorie e piani incentivanti, mantenendo lo stesso consiglio di amministrazione, il team esecutivo e il ticker NYSE “FLG”.
  • La fusione è prevista come una ristrutturazione fiscale senza imposte ai sensi della sezione IRC §368(a); gli azionisti non dovrebbero realizzare né plusvalenze né minusvalenze.
  • I consigli di amministrazione di entrambe le entità hanno approvato l’accordo; il completamento richiede le consuete approvazioni normative e degli azionisti in assemblea straordinaria.
  • Dopo la fusione, la Banca riferirà all’OCC anziché alla SEC e continuerà a operare con il marchio Flagstar a livello nazionale.

Non sono stati comunicati tempi, sinergie di costo o altri termini finanziari.

Flagstar Financial, Inc. ("Compañía") ha firmado un Acuerdo y Plan de Fusión con su subsidiaria de propiedad total Flagstar Bank, N.A. ("Banco"). La matriz se fusionará en el Banco, que permanecerá como la entidad sobreviviente y cotizada en bolsa.

  • Al cierre, todas las acciones comunes y preferentes Serie A en circulación serán canceladas y canjeadas 1 a 1 por acciones equivalentes del Banco; las preferentes Serie B y Serie D se convertirán en acciones de capital sustancialmente idénticas pero sin derecho a voto, cuando lo exija la ley.
  • Los warrants existentes se convertirán automáticamente en warrants sobre acciones comunes del Banco.
  • El Banco asumirá todos los activos, pasivos, obligaciones de deuda y planes de incentivos, manteniendo la misma junta directiva, equipo ejecutivo y el símbolo bursátil NYSE “FLG”.
  • La fusión está prevista como una reorganización libre de impuestos bajo IRC §368(a); los accionistas no deberían realizar ganancias ni pérdidas.
  • Las juntas directivas de ambas entidades han aprobado el acuerdo; su finalización requiere las aprobaciones regulatorias habituales y de los accionistas en asamblea especial.
  • Después de la fusión, el Banco reportará a la OCC en lugar de a la SEC y continuará operando bajo la marca Flagstar a nivel nacional.

No se han divulgado plazos, sinergias de costos ni otros términos financieros.

Flagstar Financial, Inc.("회사")는 100% 자회사인 Flagstar Bank, N.A.("은행")와 합병 계약 및 계획을 체결했습니다. 모회사는 은행에 합병되며, 은행이 생존하는 공개 상장 법인이 됩니다.

  • 종결 시, 모든 보통주 및 시리즈 A 우선주는 취소되고 은행 주식과 1대1로 교환됩니다; 시리즈 B시리즈 D 우선주는 법률에 따라 실질적으로 동일한 무의결권 지분으로 전환됩니다.
  • 기존 워런트는 자동으로 은행 보통주 워런트로 전환됩니다.
  • 은행은 모든 자산, 부채, 채무 의무 및 인센티브 계획을 인수하며, 동일한 이사회, 경영진 및 NYSE 티커 “FLG”를 유지합니다.
  • 합병은 IRC §368(a)에 따른 비과세 조직 재편으로 의도되며, 주주들은 이익이나 손실을 실현하지 않아야 합니다.
  • 양측 이사회는 거래를 승인했으며, 완료를 위해서는 관례적인 규제 승인과 주주 특별총회 승인이 필요합니다.
  • 합병 후 은행은 SEC 대신 OCC에 보고하며 전국적으로 Flagstar 브랜드로 계속 운영됩니다.

일정, 비용 시너지 또는 기타 재무 조건은 공개되지 않았습니다.

Flagstar Financial, Inc. ("Société") a signé un Contrat et Plan de Fusion avec sa filiale en propriété exclusive Flagstar Bank, N.A. ("Banque"). La société mère va fusionner dans la Banque, qui restera l'entité survivante cotée en bourse.

  • À la clôture, toutes les actions ordinaires et les actions privilégiées Série A en circulation seront annulées et échangées à raison de 1 pour 1 contre des actions équivalentes de la Banque ; les actions privilégiées Série B et Série D seront converties en actions de capitaux propres sans droit de vote substantiellement identiques, lorsque la loi l'exige.
  • Les bons de souscription existants deviendront automatiquement des bons de souscription sur les actions ordinaires de la Banque.
  • La Banque reprendra tous les actifs, passifs, obligations de dette et plans incitatifs, tout en conservant le même conseil d'administration, l'équipe de direction et le symbole boursier NYSE « FLG ».
  • La fusion est conçue comme une réorganisation fiscale sans imposition selon l'IRC §368(a) ; les actionnaires ne devraient pas réaliser de gains ou de pertes.
  • Les conseils d'administration des deux entités ont approuvé l'accord ; la finalisation nécessite les approbations réglementaires habituelles et des actionnaires en assemblée extraordinaire.
  • Après la fusion, la Banque rapportera à la OCC plutôt qu'à la SEC et continuera d'opérer sous la marque Flagstar à l'échelle nationale.

Aucun calendrier, synergies de coûts ou autres termes financiers n'ont été divulgués.

Flagstar Financial, Inc. ("Gesellschaft") hat eine Vereinbarung und Verschmelzungsplan mit ihrer hundertprozentigen Tochtergesellschaft Flagstar Bank, N.A. ("Bank") unterzeichnet. Die Muttergesellschaft wird in die Bank verschmolzen, wobei die Bank als überlebende, börsennotierte Einheit verbleibt.

  • Zum Abschluss werden alle ausstehenden Stamm- und Serie A Vorzugsaktien annulliert und im Verhältnis 1:1 gegen entsprechende Bankaktien getauscht; Serie B und Serie D Vorzugsaktien werden, sofern gesetzlich erforderlich, in im Wesentlichen identische stimmrechtslose Eigenkapitalanteile umgewandelt.
  • Bestehende Warrants werden automatisch in Warrants auf Bank-Stammaktien umgewandelt.
  • Die Bank übernimmt alle Vermögenswerte, Verbindlichkeiten, Schuldenverpflichtungen und Anreizpläne und behält denselben Vorstand, das Führungsteam und das NYSE-Tickersymbol „FLG“ bei.
  • Die Fusion soll eine steuerfreie Umstrukturierung gemäß IRC §368(a) sein; Aktionäre sollten keine Gewinne oder Verluste realisieren.
  • Die Vorstände beider Gesellschaften haben dem Deal zugestimmt; der Abschluss erfordert die üblichen behördlichen und Sonderaktionärsversammlungs-Genehmigungen.
  • Nach der Fusion wird die Bank an die OCC statt an die SEC berichten und weiterhin landesweit unter der Marke Flagstar tätig sein.

Kein Zeitplan, Kostensynergien oder weitere finanzielle Bedingungen wurden bekannt gegeben.

0000868671false00008686712025-07-242025-07-24

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________________________________________________
FORM 8-K
____________________________________________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 24, 2025

____________________________________________________________
GLACIER BANCORP, INC.
(Exact name of registrant as specified in its charter)
____________________________________________________________
Montana001-4117081-0519541
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
49 Commons LoopKalispell,Montana59901
(Address of principal executive offices)(Zip Code)
(406)756-4200
(Registrant’s telephone number, including area code)
____________________________________________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $0.01 par valueGBCIThe New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.



Item 2.02 RESULTS OF OPERATIONS AND FINANCIAL CONDITION

On July 24, 2025, Glacier Bancorp, Inc. ("Company") issued a press release announcing its financial results for the quarter ended June 30, 2025. A copy of the press release is attached as Exhibit 99.1 and is incorporated herein in its entirety by reference.

The information in this Item 2.02 and the Exhibit attached hereto is furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such document or filing.

Item 9.01 FINANCIAL STATEMENTS AND EXHIBITS

(d)    Exhibits

99.1    Glacier Bancorp, Inc. Announces Results for the Quarter and Period Ended June 30, 2025

104    Cover Page Interactive Data File (embedded within the Inline XBRL document)




SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated:July 24, 2025GLACIER BANCORP, INC.
/s/ Randall M. Chesler
By:Randall M. Chesler
President and Chief Executive Officer




FAQ

Why is Flagstar Financial (FLG) merging into Flagstar Bank, N.A.?

The company aims to streamline its corporate structure by eliminating the holding-company layer while retaining the same brand and management.

Will FLG shareholders receive new shares after the merger?

Yes. Each common and Series A share will convert 1-for-1 into equivalent Bank shares; Series B and D convert into similar non-voting equity where necessary.

Is the merger taxable for shareholders?

The filing states the deal is intended to qualify as a tax-free reorganisation under IRC §368(a), so no gain or loss is expected.

Will Flagstar’s NYSE ticker change after the merger?

No. The surviving entity will continue to trade on the NYSE under the ticker "FLG".

What approvals are required before the merger can close?

The transaction needs approval from Flagstar shareholders at a special meeting and customary regulatory consents.

Who will regulate Flagstar after the merger?

Post-merger, periodic reports will be filed with the Office of the Comptroller of the Currency (OCC) instead of the SEC.
Glacier Bancorp Inc

NYSE:GBCI

GBCI Rankings

GBCI Latest News

GBCI Latest SEC Filings

GBCI Stock Data

5.44B
112.90M
0.54%
86.22%
2.99%
Banks - Regional
State Commercial Banks
Link
United States
KALISPELL