1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): October 16, 1996 GLACIER BANCORP, INC. (Exact name of registrant as specified in its charter) DELAWARE (State or other jurisdiction of incorporation) 000-18911 81-0468393 --------- ---------- (Commission File Number) IRS Employer Identification No. P. O. Box 27 202 Main Street Kalispell, MT 59903-0027 (Address of principal executive offices) (zip code) Registrant's telephone number, including area code: (406) 756-4200 2 ITEM 5 - OTHER EVENTS On October 16, 1996, Glacier Bancorp, Inc., Kalispell, Montana ("Glacier") issued a press release announcing Glacier's third quarter and nine months earnings for the period ended September 30, 1996, including the effect of recent legislation imposing a one-time assessment on all SAIF insured deposits to recapitalize the Federal Deposit Insurance Corporation ("FDIC") Savings Association Insurance Fund ("SAIF"). The effect of this one-time assessment resulted in a net earnings reduction of $583,000, or $.17 per share. Although the one-time payment is a substantial expense, future insurance premiums for SAIF, based on Glacier's deposit balance at September 30, 1996 and new SAIF rates, will result in an annual expense reduction of approximately $323,000 recovering the one-time cost in approximately three years. ITEM 7 - FINANCIAL STATEMENTS AND EXHIBITS (a) Financial statements - not applicable. (b) Pro forma financial information - not applicable. (c) Exhibits: (99) Press Release issued by Glacier, dated October 16, 1996 2 3 SIGNATURES 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. Dated: October 16, 1996 GLACIER BANCORP, INC. By: /s/ James H. Strosahl ------------------------- James H. Strosahl Senior Vice President/Chief Financial Officer 3