Item 8.01 OTHER EVENTS

Glacier Bancorp, Inc., Kalispell, Montana ("GBCI") entered into a Plan and Agreement of Merger (the "Merger Agreement"), effective August 19, 2008, with Bank of the San Juans Bancorporation, Durango, Colorado ("SJ Bancorp"), owner of all the outstanding capital stock of Bank of the San Juans ("SJ Bank"). Under the terms of the Merger Agreement, SJ Bancorp will merge with and into GBCI, and SJ Bank will become a wholly owned subsidiary of GBCI (the "Merger").

Effective at the time of the Merger, the outstanding shares of SJ Bancorp will be exchanged for a "unit" consisting of a fixed amount of cash and a fixed number of GBCI shares, pursuant to the terms outlined in the Merger Agreement.

Consummation of the transaction is subject to several conditions, including receipt of applicable regulatory approvals and approval by the shareholders of SJ Bancorp. For information regarding the terms of the proposed transaction, reference is made to the press release dated August 19, 2008, which is attached as Exhibit 99.1 and incorporated herein by reference.