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                   REVOCABLE PROXY OF GLACIER BANCORP, INC.
    
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                        SPECIAL MEETING OF SHAREHOLDERS
                                AUGUST 21, 1998
    
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        The undersigned hereby appoints John S. MacMillan and Michael J.
Blodnick and each of them (with full power to act alone) as proxies, with full
power of substitution, and hereby authorizes them to represent and to vote, as
designated below, all the shares of common stock, $.01 par value, of Glacier
Bancorp, Inc. held of record by the undersigned on July 15, 1998, at the Special
Meeting of Shareholders to be held at The Outlaw Inn, 701 Highway South,
Kalispell, Montana on August 21, 1998, at 9:00 a.m., local time, and at any and
all adjournments of such Meeting, as follows: 
    

   
1.      A proposal to approve the Plan and 
        Agreement of Merger dated as of               FOR     AGAINST    ABSTAIN
        December 30, 1998, as amended                 [  ]      [  ]      [  ]
        June 30, 1998, between Glacier Bancorp, 
        Inc. and HUB Financial Corporation and the
        related Agreement and Plan of Share Exchange 
        dated as of December 30, 1998 between Glacier 
        Bancorp, Inc. and Valley Bank of Helena.
    

2.      Whatever other business may properly be brought before the Special
        Meeting or any adjournment.

       THE BOARD OF DIRECTORS RECOMMENDS A VOTE "FOR" THE ABOVE PROPOSAL.

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THIS PROXY WILL BE VOTED AS DIRECTED, BUT IF NO INSTRUCTIONS ARE SPECIFIED, THIS
PROXY WILL BE VOTED FOR THE PROPOSITION STATED. IF ANY OTHER BUSINESS IS
PRESENTED AT SUCH MEETING, THIS PROXY WILL BE VOTED BY THOSE NAMED IN THIS PROXY
IN THEIR BEST JUDGMENT. AT THE PRESENT TIME, THE BOARD OF DIRECTORS KNOWS OF NO
OTHER BUSINESS TO BE PRESENTED AT THE MEETING. HOWEVER, IF ANY OTHER MATTERS ARE
PROPERLY PRESENTED AT THE MEETING, THIS PROXY WILL BE VOTED IN ACCORDANCE WITH
THE RECOMMENDATIONS OF MANAGEMENT.
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                THIS PROXY IS SOLICITED BY THE BOARD OF DIRECTORS

   
        Should the undersigned be present and elect to vote at the Special
Meeting or at any adjournment thereof, and after notifying the Secretary of
Glacier Bancorp, Inc. prior to the time of voting at the Special Meeting of your
decision to terminate this proxy, then the power of said attorneys and proxies
shall be deemed terminated and of no further force and effect.

        The undersigned acknowledges receipt from Glacier Bancorp, Inc. prior to
the execution of this proxy of Notice of the Meeting and the Prospectus/Proxy
Statement.
    


                             (Sign on reverse side)

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                          PRINT NAME OF SHAREHOLDER(S)
                      (As it appears on Stock Certificate)




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SIGNATURE OF SHAREHOLDER                         SIGNATURE OF SHAREHOLDER


No. of Shares Owned:_________                    Dated:  ______________, 1998



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        Please sign exactly as your name appears on this proxy card and complete
        the number of shares owned. When signing as attorney, executor,
        administrator, trustee or guardian, please give your full title. If
        shares are held jointly, each holder must sign.

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           PLEASE COMPLETE, DATE, SIGN AND MAIL THIS FORM OF PROXY TO
        GLACIER BANCORP, INC. IN THE ENCLOSED, POSTAGE-PREPAID ENVELOPE.
    
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