<SUBMISSION>
<ACCESSION-NUMBER>0001275287-06-003079
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>2
<PERIOD>20060531
<ITEMS>8.01
<ITEMS>9.01
<FILING-DATE>20060601
<DATE-OF-FILING-DATE-CHANGE>20060601
<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>06879039
</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>gb6037.htm
<DESCRIPTION>FORM 8-K
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<p  align="center"><font size="5" face="Times New Roman"><b>UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION<br> </b></font>
<font size="3"><b>Washington, D.C.&#160;&#160; 20549</b></font></p>
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<font size="5" face="Times New Roman"><b>Form 8-K</b></font></p>
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<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 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):&#160; May 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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<font size="2" face="Times New Roman"><b>49 Commons Loop<br> Kalispell, Montana 59901<br> </b><i>&#160;(Address of principal executive offices)&#160; (zip code)</i></font></p>
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<font size="2" face="Times New Roman"><b>Registrant&#146;s telephone number, including area code: (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 obligations of the registrant under any of the following provisions (see General Instruction A.2 below):</font></p>

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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="Times New Roman">Soliciting material 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="Times New Roman">Pre-commencement communications pursuant to Rule   14d-2(b) under the Exchange Act of&#160;   (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 of&#160;   (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 EVENTS</b></font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On May 31, 2006, Glacier Bancorp, Inc., Kalispell, Montana (&#147;GBCI&#148;) entered into a Plan and Agreement of Merger (the &#147;Merger Agreement&#148;) with First National Bank of Morgan (&#147;FNBM&#148;).&#160; Under the terms of the Merger Agreement, GBCI will cause the formation of New First National Bank of Morgan (&#147;New Bank&#148;), FNBM will merge with and into New Bank (the &#147;Merger&#148;), and New Bank will be the resulting national banking association subsidiary of GBCI, operating under the name &#147;First National Bank of Morgan.&#148;&#160; </font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Effective at the time of the Merger, the outstanding common shares of FNBM will be exchanged for a combination of $10 million in GBCI common stock and $10 million in cash with a total aggregate value of $20 million.&#160; The number of GBCI shares and cash amount to be issued for each FNBM share may be adjusted pursuant to the adjustment provisions contained in the Merger Agreement.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Consummation of the transaction is subject to several conditions, including receipt of applicable regulatory approvals and approval by the shareholders of FNBM.&#160; For information regarding the terms of the proposed transaction, reference is made to the press release dated May 31, 2006, which is attached as Exhibit 99.1 and incorporated herein by reference.</font></p>
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<font size="2" face="Times New Roman"><b>Item 9.01 &nbsp;&nbsp;&nbsp;&nbsp;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. &#150; not applicable</font></p>  </td>
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<font size="2" face="Times New Roman">Pro forma financial information. &#150; not applicable</font></p>  </td>
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<font size="2" face="Times New Roman">(c)</font></p>  </td>
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<font size="2" face="Times New Roman">Not applicable</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="2" face="Times New Roman">&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;99.1&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Press Release dated May 31, 2006. </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">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dated: May 31, 2006</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="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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<font size="2" face="Times New Roman">Michael J. Blodnick</font></p>  </td>
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<font size="2" face="Times New Roman">President and Chief Executive Officer</font></p>  </td>
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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. Announces Acquisition of First National Bank of Morgan in Morgan, Utah</b></font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KALISPELL, Mont., May 31 /PRNewswire-FirstCall/ -- Glacier Bancorp, Inc.&#160; (Nasdaq: GBCI) today announced the signing of a definitive agreement to&#160; acquire First National Bank of Morgan (FNBM) in a transaction valued at&#160; $20 million. The consideration will be paid 50% in cash and 50% in registered&#160; shares of GBCI common stock.&#160; First National Bank of Morgan is a national banking association with approximately $70 million in assets and operates its&#160; main office and one branch office in Morgan County, Utah. GBCI is a bank&#160; holding company with $3.8 billion in assets and operates 74 full service&#160; branches in Montana, Idaho, Utah, Washington and Wyoming.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The boards of GBCI and FNBM unanimously approved the transaction today, which is subject to regulatory approval and other customary conditions of closing.&#160; Following completion of the transaction, FNBM will operate as a separately chartered national banking subsidiary of GBCI, pursuant to the merger of FNBM.&#160; FNBM&#146;s board of directors will remain in place upon the closing of the transaction with Mick Blodnick, Glacier&#146;s President and CEO, joining as a director.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The acquisition of FNBM will be Glacier&#146;s first whole-bank acquisition in Utah and will represent its first Utah charter, expanding GBCI&#146;s focused community banking strategy in Utah.&#160; The deal also marks the first community bank transaction in the state of Utah since 2000.&#160; FNBM&#146;s two branches in the Morgan and Mountain Green communities will compliment Glacier&#146;s two existing Utah branches operating as Mountain West Bank in Brigham City and Park City. While maintaining its autonomy and local decision-making authority, FNBM will benefit from additional lending capacity and banking services as well as consolidation of systems and processes.&#160; The new Glacier subsidiary will continue to operate as First National Bank of Morgan and all employees and existing management will be retained, including Stan Nielsen, who will remain President and CEO of First National Bank of
Morgan.</font></p>

<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blodnick commented, &#147;This transaction represents a great opportunity to expand Glacier&#146;s franchise in some very attractive markets along Utah&#146;s Wasatch Front.&#160; We are pleased to have reached this agreement with First National Bank of Morgan, which adds a tremendous franchise to our existing operations and an experienced and knowledgeable management team that provides an excellent fit with the Glacier operating model.&#160; Additionally, we are thrilled to have Stan Nielsen and his team join the Glacier family.&#148;</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Nielsen added, &#147;The opportunities this partnership creates for our bank are ideal for the interests of our customers, community and employees The combination will allow us to continue to provide the high level of service and dedication to our customers while adding a greater set of products and services.&#160; We are very impressed with the franchise Glacier has built and are excited to be a part of the future success of the company.&#148;</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;First National Bank of Morgan&#146;s Chairman George Francis stated, &#147;First National Bank of Morgan is particularly proud of what it has built as the leading banking services provider in the Morgan County area.&#160; We have been honored to serve our communities for over 100 years, and look forward to continuing that service as a part of the Glacier organization.&#148;</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Graham &amp; Dunn PC advised GBCI in the transaction.&#160; Hovde Financial served as FNBM&#146;s financial advisor and delivered a fairness opinion to FNBM&#146;s board of directors; Rothgerber, Johnson and Lyons LLP served as FNBM&#146;s legal counsel.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;About Glacier Bancorp, Inc.</font></p>
<p>
<font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Glacier Bancorp, Inc. is the parent company for nine community banks, including Glacier Bank, Kalispell; Glacier Bank, Whitefish; First Security Bank of Missoula; Valley Bank of Helena; Big Sky Western Bank; and Western Security Bank, Billings, all located in Montana; Mountain West Bank, Coeur d&#146;Alene, with operations in Idaho, Utah and Washington; Citizens Community Bank with branches in Idaho; and First National Bank-West with branches in Wyoming.&#160; At March 31, 2006, Glacier Bancorp, Inc. had total assets of $3.8 billion, and capital of $344 million.</font></p>

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<p><font size="2" face="Times New Roman">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On April 20, 2006, GBCI announced that it had entered into a merger agreement with Citizens Development Company (&#147;Citizens&#148;) pursuant to which, if consummated, shares of Citizens will be converted into the right to receive shares of GBCI common stock and cash in an aggregate amount of $77 million.</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. 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; GBCI 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;05/31/2006<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/CONTACT:&#160; Michael J. Blodnick, +1-406-751-4701, or James H. Strosahl,<br> +1-406-751-4702, both of Glacier Bancorp, Inc./<br> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(GBCI)</font></p>


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