EX-5 2 v27975exv5.txt EXHIBIT 5 CHRISTENSEN, MOORE, COCKRELL, CUMMINGS & AXELBERG, P.C. EXHIBIT 5 DANA L. CHRISTENSEN TWO MEDICINE BUILDING MIKEL L. MOORE 160 HERITAGE WAY, SUITE 104 [ALSO ADMITTED IN ARIZONA] KALISPELL, MT 59901 DALE R. COCKRELL [ALSO ADMITTED IN SOUTH DAKOTA - AND COLORADO] STEVEN E. CUMMINGS P.O. BOX 7370 TRACY AXELBERG KALISPELL, MT 59904-0370 SEAN P. GOICOECHEA OFFICE: (406) 751-6000 FAX: (406) 756-6522 March 2, 2007 The Board of Directors Glacier Bancorp, Inc. 49 Commons Loop Kalispell, Montana 59901 RE: LEGAL OPINION REGARDING VALIDITY OF SECURITIES OFFERED Ladies and Gentlemen: We have acted as special counsel for Glacier Bancorp, Inc., a corporation ("Glacier"), in connection with the registration under the Securities Act of 1933, as amended (the "Act") of up to 890,000 shares of Glacier common stock, $0.01 par value per share (the "Shares"), to be issued in accordance with the Plan and Agreement of Merger dated as of January 22, 2007 (the "Plan") between Glacier and North Side State Bank of Rock Springs, Wyoming. In connection with the Shares that will be issued under the Plan, we have examined the following: (i) the Plan; (ii) the Registration Statement on Form S-4 to be filed by Glacier with the Securities and Exchange Commission (the "Registration Statement"); and (iii) such other documents as we have deemed necessary to form the opinion expressed below. As to various questions of fact material to such opinion, where relevant facts were not independently established, we have relied upon statements of officers of Glacier or representations and warranties of Glacier contained in the Plan. We have assumed without independent investigation or review, the accuracy and completeness of the facts and representations and warranties contained in the documents listed above or otherwise made known to us. Our opinion assumes that the Shares are issued in accordance with the terms of the Plan after the Registration Statement has become effective under the Act. Based upon and relying solely upon the foregoing, we advise you that in our opinion, the Shares, or any portion thereof, when issued pursuant to the Plan, after the Registration Statement has become effective under the Act, will be validly issued under the laws of the State of Montana and will be fully paid and nonassessable. Glacier Bancorp, Inc. March 2, 2007 Page 2 This opinion letter is limited to the application of the laws of the State of Montana and the federal laws of the United States of America, and we express no opinion as to the laws of any other jurisdictions. We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and to the legal reference to this firm under the caption "Certain Legal Matters" as having passed upon the validity of the Shares. In giving such consent, we do not thereby admit that we are experts within the meaning of the Act. Very truly yours, CHRISTENSEN, MOORE, COCKRELL, CUMMINGS & AXELBERG, P.C. /s/ CHRISTENSEN, MOORE, COCKRELL, CUMMINGS & AXELBERG, P.C.