September 14, 2006

Approval of proposal by Glacier Bancorp

For immediate release

The Federal Reserve Board on Thursday announced its approval of the application filed by Glacier Bancorp, Inc., Kalispell, to acquire Citizens Development Company, Billings, and its subsidiary banks: First Citizens Bank of Billings, Billings; First National Bank of Lewistown, Lewistown; Western Bank of Chinook National Association, Chinook; First Citizens Bank, National Association, Columbia Falls; and Citizens State Bank, Hamilton, all of Montana.

Attached is the Board's Order relating to this action.

Last Update: September 14, 2006