Glacier Bancorp Inc. of Kalispell, Mont., says it may use proceeds from a common stock offering to acquire failed banks, a strategy that management had previously left off the table.

Yet analysts say the number of imminent failures in Glacier's market is small compared with the Southeast or Pacific Northwest markets, for instance, and an acquisition could be several months off. Meanwhile, the fresh capital could serve as a buffer as the $6.3 billion-asset company works through a growing pool of nonperforming assets.

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