<PAGE> 1
FOR IMMEDIATE RELEASE
FOR MORE INFORMATION CONTACT:
James H. Strosahl, Executive Vice President - (406) 756-4200
GLACIER BANCORP, INC. TO ISSUE $35 MILLION
OF TRUST PREFERRED SECURITIES
KALISPELL, MT - DECEMBER 21, 2000 -- Glacier Bancorp, Inc. (Glacier
Bancorp) (Nasdaq: GBCI), announced today that it plans to sell trust preferred
securities in the aggregate amount of $35 million through Glacier Capital Trust
I, its trust affiliate formed for the purpose of the offering. The securities
will be sold in an underwritten public offering that will be registered under
the Securities Act of 1933, as amended. Net proceeds to Glacier Bancorp will
enhance Glacier's capital position in anticipation of previously announced
pending transactions and will be used for general corporate purposes, including
financing such transactions. This announcement is neither an offer to sell nor a
solicitation of an offer to buy any securities of Glacier Bancorp.
