Glacier Bancorp Inc. in Kalispell, Mont., is planning to collapse its 11 bank subsidiaries into a single commercial bank in a move aimed at streamlining its operations and lowering its overall compliance costs.

The $7.2 billion-asset company said in a news release late Wednesday that the 11 banks in Montana, Colorado, Utah, Washington and Wyoming, would retain their names and autonomy, operating as divisions of Glacier Bank. The individual banks would also retain their local boards of directors.

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