Bucking a trend, Glacier Bancorp, Kalispell, Mont., is shedding its federal charters in favor of state bank charters.

The $573 million-asset company has applied to the Montana Banking Board to turn a federal thrift and two national banks into state-chartered commercial banks. The thrift, Glacier's lead subsidiary, is $370 million- asset Glacier Bank; the banks are Glacier National Bank of Whitefish and First National Bank of Eureka.

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