Glacier Bancorp, Inc. Appoints Board Member

Rhea-AI Summary

Glacier Bancorp (NYSE: GBCI) has appointed Tommy Espinoza as a director effective December 1, 2022. Espinoza has over 45 years of experience in community development and is the President and CEO of Espinoza Community Development LLC. He has previously served as the co-founder and President of Raza Development Fund, the largest Latino Community Financial Institution in the U.S. His extensive background in executive leadership and community development is expected to strengthen the company's governance and strategic initiatives.

Positive

• Appointment of Tommy Espinoza as a director brings extensive experience in community and business development.
• Espinoza's background in executive leadership may enhance corporate governance.

Negative

• None.

KALISPELL, Mont., Oct. 27, 2022 (GLOBE NEWSWIRE) -- Glacier Bancorp, Inc. (NYSE: GBCI) announces the appointment of Tommy Espinoza as a director of Glacier Bancorp and Glacier Bank, effective December 1, 2022. Mr. Espinoza was also appointed to the Audit, Compensation, Compliance, Nominating/Corporate Governance, and Risk Oversight Committees.

Mr. Espinoza is a prominent architect of Latino community and business development policy and programs, with over 45 years of community development experience that span the public, private and non-profit spectrum. Mr. Espinoza is the President and CEO of Espinoza Community Development LLC, a corporation dedicated to private community development, and is the co-founder and former President and CEO of Raza Development Fund, the largest Latino Community Financial Institution in the United States. He also currently serves as a director for The Foothills Bank, division of Glacier Bank. Mr. Espinoza will bring extensive experience in executive-level leadership, corporate management, consultation, asset management and community, business and real estate development to the respective boards of directors.

Glacier Bancorp, Inc. is the parent company for Glacier Bank and its bank divisions: Altabank (American Fork, UT), Bank of the San Juans (Durango, CO), Citizens Community Bank (Pocatello, ID), Collegiate Peaks Bank (Buena Vista, CO), First Bank of Montana (Lewistown, MT), First Bank of Wyoming (Powell, WY), First Community Bank Utah (Layton, UT), First Security Bank (Bozeman, MT), First Security Bank of Missoula (Missoula, MT), First State Bank (Wheatland, WY), Glacier Bank (Kalispell, MT), Heritage Bank of Nevada (Reno, NV), Mountain West Bank (Coeur d’Alene, ID), North Cascades Bank (Chelan, WA), The Foothills Bank (Yuma, AZ), Valley Bank of Helena (Helena, MT), and Western Security Bank (Billings, MT).

Visit Glacier’s website at http://www.glacierbancorp.com.

CONTACT: Randall M. Chesler, CEO
(406) 751-4722
Ron J. Copher, CFO
(406) 751-7706

FAQ

Who is Tommy Espinoza and what roles will he serve at Glacier Bancorp?

Tommy Espinoza is appointed as a director and will serve on multiple committees including Audit and Risk Oversight.

When does Tommy Espinoza's appointment take effect?

Tommy Espinoza's appointment takes effect on December 1, 2022.

What experience does Tommy Espinoza bring to Glacier Bancorp?

Espinoza brings over 45 years of experience in community development, executive leadership, and corporate management.

What committees will Tommy Espinoza join at Glacier Bancorp?

He will join the Audit, Compensation, Compliance, Nominating/Corporate Governance, and Risk Oversight Committees.