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Glacier Bancorp, Inc. Completes Listing Transfer to the New York Stock Exchange
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
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Rhea-AI Summary
Glacier Bancorp, Inc. has successfully transferred its listing to the New York Stock Exchange (NYSE), trading as of today under the ticker symbol GBCI. This strategic move aims to enhance shareholder value by utilizing the NYSE's unique market model, advanced technology, and extensive network of business leaders. With over 300 companies having switched to the NYSE since 2000, Glacier Bancorp seeks to leverage increased brand visibility and investor relations services to support its growth trajectory. President Randy Chesler expressed optimism about the future direction alongside the NYSE community.
Positive
Strategic transfer to NYSE may enhance shareholder value.
Access to NYSE's advanced technology and extensive network of leaders.
Increased brand visibility being part of the NYSE community.
Negative
None.
NEW YORK--(BUSINESS WIRE)--
The New York Stock Exchange, part of Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of data, technology and market infrastructure, announced that Glacier Bancorp, Inc. (NYSE: GBCI) has completed its listing transfer and will begin trading today as an NYSE-listed company.
Glacier Bancorp, the parent company for Glacier Bank and its bank divisions, will now be able to leverage all of the advantages of membership in the NYSE community.
These advantages include the Exchange’s unique market model, which combines cutting-edge technology with accountability and human judgment. Membership also brings an unmatched network of CEOs and business leaders, drawn from 2,400 of the world’s largest and most innovative companies, the incomparable brand visibility that stems from an Exchange listing and core investor relations services.
“Glacier Bancorp is pleased to join the NYSE alongside many of the world’s most well-established and regarded companies,” said Randy Chesler, President and CEO of Glacier Bancorp. “This move is part of our strategic evolution as we continue to focus on generating long-term value for our shareholders. We are grateful for our past partnership with NASDAQ and look forward to our future with the NYSE.”
“We are excited to welcome Glacier Bancorp, one of the country’s prominent regional banks, as it joins the NYSE’s community of icons and disruptors,” said John Tuttle, Vice Chairman and Chief Commercial Officer, NYSE Group.
Nearly 300 companies have switched their listings to the NYSE since 2000, representing more than $1 trillion in current market value.
About NYSE Group
NYSE Group is a subsidiary of Intercontinental Exchange (NYSE: ICE), a leading global provider of data, technology and market infrastructure. NYSE Group’s equity exchanges -- the New York Stock Exchange, NYSE American, NYSE Arca, NYSE Chicago and NYSE National -- trade more U.S. equity volume than any other exchange group. The NYSE is the premier global venue for capital raising. NYSE Arca Options and NYSE Amex Options are leading equity options exchanges. To learn more, visit nyse.com
About Intercontinental Exchange
Intercontinental Exchange, Inc.(NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2020, as filed with the SEC on February 4, 2021.
