<SUBMISSION>
<ACCESSION-NUMBER>0001275287-06-000587
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20060131
<ITEMS>8.01
<ITEMS>9.01
<FILING-DATE>20060202
<DATE-OF-FILING-DATE-CHANGE>20060202
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>GLACIER BANCORP INC
<CIK>0000868671
<ASSIGNED-SIC>6022
<IRS-NUMBER>810519541
<STATE-OF-INCORPORATION>DE
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-18911
<FILM-NUMBER>06572903
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>49 COMMONS LOOP
<STREET2>.
<CITY>KALISPELL
<STATE>MT
<ZIP>59901
<PHONE>4067564200
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>49 COMMONS LOOP
<STREET2>.
<CITY>KALISPELL
<STATE>MT
<ZIP>59901
</MAIL-ADDRESS>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>gb4684.htm
<DESCRIPTION>FORM 8-K
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<p  align="center"><font size="5" face="Times New Roman"><b>SECURITIES AND EXCHANGE COMMISSION<br> </b></font>
<font size="3"><b>Washington,&#160; D.C.&#160;&#160; 20549</b></font></p>
<p  align="center">
<font size="5" face="Times New Roman"><b>Form 8-K</b></font></p>
<p  align="center">
<font size="3" face="Times New Roman"><b>CURRENT REPORT</b></font></p>
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<font size="3" face="Times New Roman"><b>Pursuant to Section 13 or 15(d) of<br> the Securities Exchange Act of 1934</b></font></p>
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<font size="2" face="Times New Roman"><b>Date of Report (Date of earliest event reported):<br> January 31, 2006</b></font></p>
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<font size="6" face="Times New Roman"><b>Glacier Bancorp, Inc.<br> </b></font>
<font size="2" face="Times New Roman"><i>(Exact name of registrant as specified in its charter)</i></font></p>
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<font size="2" face="Times New Roman"><b>MONTANA<br> </b><i>(State or other jurisdiction of incorporation)</i></font></p>
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<font size="2" face="Times New Roman"><b>000-18911</b></font></p>  </td>
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<font size="2" face="Times New Roman"><b>81-0519541</b></font></p>  </td>
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<font size="2" face="Times New Roman"><i>(Commission File Number)</i></font></p>  </td>
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<font size="2" face="Times New Roman"><i>IRS Employer Identification No.</i></font></p>  </td>
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<p  align="center"><font size="2" face="Times New Roman"><b>49 Commons Loop<br> Kalispell, MT&#160; 59901<br> </b><i>(Address of principal executive offices)&#160; (zip code)</i></font></p>
<p  align="center">
<font size="2" face="Times New Roman"><b>Registrant&#146;s telephone number, including area code:&#160; 406-756-4200</b></font></p>
<p>
<font size="2" face="Times New Roman">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (<i>see</i> General Instruction A.2.):</font></p>
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<font size="2" face="Wingdings">o</font></p>  </td>
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<font size="2" face="Times New Roman">Written communications pursuant to Rule 425 under   the Securities Act (17 CFR 230.425)</font></p>  </td>
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<font size="2" face="Wingdings">o</font></p>  </td>
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<font size="2" face="Times New Roman">Soliciting materials pursuant to Rule 14a-12 under   the Exchange Act (17 CFR 240.14a-12)</font></p>  </td>
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<font size="2" face="Wingdings">o</font></p>  </td>
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<font size="2" face="Times New Roman">Pre-commencement communications pursuant to Rule   14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</font></p>  </td>
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<font size="2" face="Times New Roman">Pre-commencement communications pursuant to Rule   13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</font></p>  </td>
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<p>
<font size="2" face="Times New Roman"><b>Item 8.01 - Other Matters.</b></font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On January 31, 2006, Glacier Bancorp, Inc. a Montana corporation (&#147;Company&#148;), announced the completion of the sale of $35 million in capital securities representing preferred beneficial interests in Glacier Capital Trust III, a Delaware unconsolidated special purpose business trust (the &#147;Trust&#148;) formed by the Company for the purpose of facilitating the offering.&#160; </font></p>

<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Trust
preferred securities which are due April 7, 2036, have a fixed rate of interest, set at 6.078% for five
years, after which the rate converts to a floating rate of interest that is
reset quarterly, equal to 3-month LIBOR, plus 1.29%.</font></p>

<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net proceeds to the Company from the offering will be used for general corporate purposes including the possible future stock repurchases, acquisition opportunities and redemption of existing trust preferred securities.</font></p>
<p>
<font size="2" face="Times New Roman"><b>Item 9.01 - Financial Statements and Exhibits</b></font></p>
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<font size="2" face="Times New Roman">(a)</font></p>  </td>
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<font size="2" face="Times New Roman">Financial statements - not applicable.</font></p>  </td>
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<font size="2" face="Times New Roman">(b)</font></p>  </td>
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<font size="2" face="Times New Roman">Pro forma financial information - not applicable.</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="2" face="Times New Roman">(d)</font></p>  </td>
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<font size="2" face="Times New Roman">Exhibits:</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="2" face="Times New Roman">(99)</font></p>  </td>
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<font size="2" face="Times New Roman">Press Release issued by the Company dated February   1, 2006</font></p>  </td>
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<p  align="center"><font size="2" face="Times New Roman">2</font></p>

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<font size="2" face="Times New Roman"><b>SIGNATURES</b></font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</font></p>
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<font size="2" face="Times New Roman">Dated:&#160;   February 1, 2006</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="2" face="Times New Roman">GLACIER BANCORP, INC.</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="1" face="Times New Roman">&nbsp;</font></p>  </td>
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<font size="2" face="Times New Roman">By:</font></p>  </td>
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<font size="2" face="Times New Roman">/s/ Michael J. Blodnick</font></p>  </td>
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  <p><font size="2" face="Times New Roman">Michael J. Blodnick</font></p>  </td>
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  <p><font size="2" face="Times New Roman">President and Chief Executive Officer</font></p>  </td>
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<p  align="center"><font size="2" face="Times New Roman">3</font></p>


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<TYPE>EX-99.1
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<DESCRIPTION>EXHIBIT 99.1
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<p  align=right><font size="2" face="Times New Roman"><b>Exhibit 99.1</b></font></p>
<p align=center>
<font size="2" face="Times New Roman"><b>Glacier Bancorp, Inc. Issues $35.0 Million of Trust Preferred Securities</b></font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KALISPELL, Mont., Feb. 1 /PRNewswire-FirstCall/ -- Glacier Bancorp, Inc., (Nasdaq: GBCI), announced today that it has completed the sale of trust preferred securities in the aggregate amount of $35.0 million.&#160; The securities were issued by an unconsolidated special purpose business trust formed by Glacier and were sold in pooled offering.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The trust preferred securities sold have a fixed rate of interest, set at 6.078%, for five years, after which the rate converts to a floating rate of interest which is reset quarterly, equal to 3-month LIBOR plus 1.29%.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Glacier intends to use the proceeds from the sale of the securities for general corporate purposes including possible future stock repurchases, acquisition opportunities and redemption of existing trust preferred securities.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any state.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Headquartered in Kalispell, Montana, Glacier conducts business from Glacier Bank of Kalispell, First Security Bank of Missoula, Glacier Bank of Whitefish, Valley Bank of Helena, Big Sky Western Bank of Bozeman, Western Security Bank of Billings, all located in Montana, Mountain West Bank of Coeur d&#146;Alene located in Idaho, Utah and Washington, Citizens Community Bank of Pocatello located in Idaho, and First National Bank-West of Evanston in Wyoming.</font></p>

<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Statements contained in this news release that are not historical fact are forward-looking statements, as the term is defined in the Private Securities Litigation Reform Act of 1995.&#160; Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those currently anticipated due to a large number of factors.&#160; Factors that may cause a difference include, but are not limited to, changes in interest rates, economic conditions, deposit and loan growth, real estate values, loan loss provisions, competition, customer retention and changes in legislation and regulation.&#160; Glacier assumes no obligation for updating any such forward-looking statements at any time.</font></p>
<p><font size="2" face="Times New Roman">SOURCE&#160; Glacier Bancorp, Inc.<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;-0-&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;02/01/2006<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/CONTACT:&#160; Michael J. Blodnick, +1-406-751-4701, or James H. Strosahl, +1-406-751-4702, both for Glacier Bancorp, Inc./</font></p>

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