Altabancorp

Altabancorp

ALTA

ALTAAltabancorp US flag

NASDAQ Global Select

44.16

USD

-0.56

- -

CIK

0001636286

ISIN

US0213471099

CUSIP

021347109

Return %

Stock

S&P500

1Y

- -

26.84

3Y

- -

77.03

5Y

100.64

80.55

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Capital Structure

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Company Description

CEO: Len E. Williams
Full Time Employees: 471
Sector: Financial Services
Industry: Banks - Regional
Address: 1 East Main Street American Fork UT United States of America
IPO Date: Jun 10, 2015
CIK: 0001636286
Website: altabancorp.com
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Business: Altabancorp operates as a subsidiary of Glacier Bancorp Inc following its acquisition in 2021, serving as the former holding company for Altabank, a division of Glacier Bank that provides full-service community banking with loans, deposits, and cash management services to businesses and individuals across Utah and southern Idaho through 25 branches from Preston, Idaho, to St. George, Utah. Founded in 1905 with roots in Lewiston State Bank and Bank of American Fork, the company is headquartered in American Fork, Utah, and targets small- to medium-sized businesses, real estate developers, contractors, professionals, high-net-worth individuals, and general consumers in key markets including Utah, Salt Lake, Davis, Cache, Box Elder, and Washington counties. Core offerings encompass commercial real estate loans including acquisition, development, construction, multifamily, and single-family residential financing; commercial and industrial loans; SBA loans up to $5 million for equipment, inventory, and working capital; consumer loans such as home equity, home improvement, automobile, debt consolidation, and general purpose; residential mortgages; checking, rewards checking, savings, money market, individual retirement, and certificate of deposit accounts; credit and debit cards; online banking; remote deposit capture; and treasury management services. Previously known as People's Utah Bancorp with ticker PUB, it rebranded to Altabancorp in 2020 aligning with Altabank's 2019 rebranding from People's Intermountain Bank, went public via IPO in 2015, and completed strategic acquisitions including seven Utah branches from Banner Bank and Town and Country Bank of St. George in 2017 prior to the transformative 2021 merger with Glacier Bancorp that expanded its footprint into Montana, Washington, Wyoming, Arizona, and Nevada while retaining the Altabank division name and enhancing service capacity for larger clients.

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