Glacier Bancorp (GBCI) in Kalispell, Mont., has agreed to buy First National Bank of the Rockies in Grand Junction, Colo.

The $7.8 billion-asset Glacier will pay $30 million in cash and stock for the $343 million-asset First National. The deal, which is expected to close in the third quarter, is Glacier's third in the past 15 months. The transaction is expected to be immediately accretive to Glacier's earnings per share and tangible book value per share.

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