Glacier Bancorp (GBCI) in Kalispell, Mont., has reached an agreement to buy Wheatland Bankshares Wheatland, Wyo.

Glacier said in a press release late Monday that it would pay about $38 million in cash and stock for the parent of the $281 million-asset First State Bank. About 28% of the consideration will involve cash, as long as Glacier's stock trades between $13.50 and $16.50 a share.

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