Intermountain to merge with Teton

Intermountain Bancorp, Inc., Bozeman, Mont., and Teton Bancshares Inc., Fairfield, Mont., have agreed to merge..The $201 million Teton operates three branches in Fairfield, Choteau and Vaughn, Mont..The $675 million Intermountain operates eight branches in Bozeman, Belgrade, Big Sky, Fort Benton, Three Forks, and West Yellowstone, Mont..The parent-company merger is expected to be completed in the second quarter..Each of the bank systems will retain their own bank charters for the time being, and no personnel changes are planned because of the merger, Teton President and CEO Mike Johnson told The Choteau Acantha..Intermountain Bancorp, Inc. was advised by Craig Mancinotti of Austin Associates and Dave Chisholm of Christian, Samson & Jones law firm for the merger.