Document:

EX-10.1

 Exhibit 10.1 

Voting Agreement and Irrevocable Proxy 

This Voting Agreement and Irrevocable Proxy, dated as of September 30, 2019 (this “Agreement”), is made by and among
Glacier Bancorp, Inc. (“GBCI”), Glacier Bank, a wholly owned subsidiary of GBCI (“Glacier Bank”), State Bank Corp. (“SBC”), State Bank of Arizona, a wholly owned subsidiary of SBC (“State
Bank”), and [                    ], a shareholder of SBC (the “Shareholder”). This Agreement is effective upon the
signing of the Merger Agreement (as defined below). 
 Recital 

As an inducement for GBCI, Glacier Bank, SBC, and State Bank to enter into the Plan and Agreement of Merger, dated September 30, 2019
(the “Merger Agreement”), under which, among other things, SBC will merge with and into GBCI (the “Merger”), and State Bank will merge with and into Glacier Bank, Shareholder agrees as follows: 

Agreement 
  

	1.	 Voting of Shares. Shareholder is the holder of shares constituting in excess of 5% of the issued and
outstanding shares of common stock of SBC. By signing below, Shareholder irrevocably and unconditionally agrees to vote or cause to be voted (including by proxy or written consent, if applicable) at any shareholder meeting of SBC, or any adjournment
or postponement thereof, including any meeting called for the purpose of approving the Merger Agreement (a “SBC Meeting”), all shares of SBC common stock that such Shareholder owns of record or beneficially, or acquires after the
date hereof but prior to the record date, in either case with power to vote or direct the voting of such shares (collectively, the “Owned Shares”), (a) in favor of (i) approval of the Merger Agreement and the transactions
contemplated therein, including the Merger, and (ii) any proposal to adjourn or postpone such meeting to a later date if there are not sufficient votes to approve the Merger Agreement, and (b) against any action, proposal, transaction, or
agreement that would reasonably be likely to (i) result in a breach of any covenant, representation, or warranty or any other obligation or agreement of SBC contained in the Merger Agreement, or of the Shareholder contained in this Agreement,
or (ii) materially prevent, impede, interfere with, delay, or frustrate the purposes of or materially and adversely affect the completion of the transactions contemplated by the Merger Agreement, including the Merger. For the avoidance of
doubt, the foregoing commitments apply to any Owned Shares held by any trust, limited partnership, limited liability company, corporation, or other entity holding shares of SBC common stock for which the Shareholder serves in any partner, member,
shareholder, or trustee capacity. To the extent the Shareholder does not control, by himself or herself, the determinations of such shareholder entity, the Shareholder agrees to exercise all voting or other determination rights the Shareholder has
in such shareholder entity to carry out the intent and purposes of the Shareholder’s voting obligations under this Section 1 and as otherwise set forth in this Agreement. 

  
 - 1 - 

	2.	 No Solicitation. Solely in his or her capacity as a record or beneficial owner of the Owned Shares,
Shareholder hereby agrees that during the term of this Agreement, Shareholder shall not knowingly, and shall direct his or her advisors and representatives not to, directly or indirectly, (a) take any of the actions specified in
Section 4.1.10 of the Merger Agreement, or (b) participate in, directly or indirectly, a solicitation of proxies or powers of attorney or similar rights to vote, or seek to advise or influence any person with respect to the voting of, any
shares of SBC common stock in connection with any vote or other action on any matter of a type described in Section 1 hereof, other than to recommend that shareholders of SBC vote in favor of the adoption and approval of the Merger Agreement,
the Merger and the transactions contemplated by the Merger Agreement, and as otherwise expressly permitted by this Agreement. Shareholder agrees immediately to cease and cause to be terminated any activities, discussions, or negotiations conducted
before the date of this Agreement with any persons other than GBCI and Glacier Bank with respect to any possible Acquisition Proposal (as defined in the Merger Agreement) and will take all necessary steps to inform any investment banker, financial
advisor, attorney, accountant, or other representative retained by Shareholder of the obligations undertaken by Shareholder pursuant to this Section 2. 

  

	3.	 Ownership. On the date of this Agreement, Shareholder represents and warrants, severally but not
jointly, that the Owned Shares set forth on such Shareholder’s signature page (a) are owned of record or beneficially by the Shareholder in the manner reflected thereon, (b) include all of the shares of SBC common stock owned of
record or beneficially by the Shareholder as of the date hereof, and (c) are free and clear of any proxy or voting restriction, claims, liens, encumbrances, and security interests, except (if applicable) as set forth on the Shareholder’s
signature page, which encumbrances or other items do not affect the ability of the Shareholder to perform his or her obligations under this Agreement. As of the date of this Agreement, Shareholder has, and at any SBC Meeting Shareholder will have
(except as otherwise permitted by this Agreement), sole voting power and sole dispositive power with respect to all of the Shareholder’s Owned Shares, except as otherwise reflected on the Shareholder’s signature page.

  

	4.	 Proxy. 

  

	 	a.	 Appointment of Proxy. In order to better effect the provisions set forth in Section 1, Shareholder
revokes any previously executed proxies and constitutes and appoints Brian M. Riley with full power of substitution, Shareholder’s true and lawful proxy and
attorney-in-fact (the “Proxy Holder”) to vote at any SBC Meeting all of Shareholder’s Owned Shares as provided in Section 1, with such
modifications to the Merger Agreement as the parties to the Merger Agreement may make; provided, however, that this proxy will not apply with respect to any vote on the Merger Agreement if the Merger Agreement is amended so as to
reduce the amount or form of consideration to be received by the shareholders of SBC or change the tax consequences of the receipt thereof under the Merger Agreement in its present form. This irrevocable proxy shall automatically terminate upon
termination of this Agreement. 

  
 - 2 - 

	 	b.	 Substitute. If for any reason the Proxy Holder becomes unable to perform his duties as Proxy Holder
under this Agreement, Shareholder appoints James E. Baker (“Substitute”) as substitute proxy to act as the Proxy Holder and vote all of Shareholder’s Owned Shares at any SBC Meeting as provided in Section 1, with such
modifications to the Merger Agreement as the parties to the Merger Agreement may make; provided, however, that this proxy will not apply with respect to any vote on the Merger Agreement if the Merger Agreement is amended so as to
reduce the amount or form of consideration to be received by the shareholders of SBC or change the tax consequences of the receipt thereof under the Merger Agreement in its present form. Notwithstanding the above, the Proxy Holder may from time to
time, in his discretion, appoint any other substitute proxy to act as the Proxy Holder upon prior written notice to GBCI and SBC. 

  

	5.	 Acknowledgments. Shareholder acknowledges that GBCI and SBC are relying on this Agreement in incurring
expenses in connection with the transactions contemplated by the Merger Agreement and that the proxy granted under this Agreement is coupled with an interest and is irrevocable to the fullest extent permitted by applicable law. The vote of the Proxy
Holder (and upon substitution, the Substitute under Section 4.b.) will control in any conflict between such vote of the Owned Shares and a vote by any substitute proxy holder or the Shareholder, and SBC agrees to recognize the vote of the Proxy
Holder or upon substitution, the Substitute. 

  

	6.	 No Transfer. Until the termination of this Agreement pursuant to Section 7.i., Shareholder will not
sell, transfer, permit a lien or other encumbrance to be created with respect to, or grant any proxy in respect of (except for proxies solicited by the board of directors of SBC in connection with the SBC Meeting at which the Merger Agreement is
presented for shareholder approval) any of the Owned Shares, unless all other parties to any such sale or other transaction enter into an agreement in form and substance satisfactory to GBCI embodying the benefits and rights contained in this
Agreement. 

  

	7.	 Miscellaneous. 

 

	 	a.	 Binding Effect. This Agreement will inure to the benefit of, and will be binding upon,
Shareholder’s heirs or legal representatives. 

  

	 	b.	 Severability. If any provision of this Agreement or the application of such provision to any person or
circumstances will be held invalid or unenforceable by a court of competent jurisdiction, such provision or application will be unenforceable only to the extent of such invalidity or unenforceability, and the remainder of the provision held invalid
or unenforceable and the application of such provision to persons or circumstances, other than the party as to which it is held invalid, and the remainder of this Agreement, will not be affected. 

 

	 	c.	 Reformation. If any court determines that the obligations and restrictions set forth in this Agreement
are unenforceable, then the parties request such court to reform any unenforceable provisions to the maximum obligations or restrictions, term, and scope, as applicable, that such court finds enforceable. 

  
 - 3 - 

	 	d.	 Expenses. Except as otherwise may be agreed in writing, all costs, fees, and expenses incurred in
connection with this Agreement and the transactions contemplated hereby shall be paid by the party incurring such costs, fees, and expenses. 

  

	 	e.	 Amendments; Waivers. Any provision of this Agreement may be amended or waived if, and only if, such
amendment or waiver is in writing and signed (i) in the case of an amendment, by GBCI and the Shareholder to be bound by such amendment and (ii) in the case of a waiver, by the party against whom the waiver is to be effective. No failure
or delay by any party in exercising any right, power, or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other
right, power, or privilege. 

  

	 	f.	 Governing Law; Venue. This Agreement will be governed by and construed in accordance with the laws of
the State of Arizona, except to the extent that federal law may govern certain matters. The parties must bring any legal proceeding arising out of this Agreement in the state courts situated in Kalispell, Montana or the federal district
courts of the Missoula Division for the State of Montana. Each party consents to and submits to the jurisdiction of any such court. 

  

	 	g.	 Remedies. Any breach of this Agreement entitles GBCI to injunctive relief and/or specific performance,
as well as to any other legal or equitable remedies it may be entitled to, it being agreed that money damages alone would be an inadequate remedy for such breach. The rights and remedies of the parties to this Agreement are cumulative and not
alternative. 

  

	 	h.	 Termination of Agreement. This Agreement shall be effective from the date hereof and shall terminate and
be of no further force and effect upon the earlier to occur of (i) the approval and adoption of the Merger Agreement at the SBC Meeting, (ii) such date and time as termination of the Merger Agreement in accordance with its terms, or
(iii) upon mutual written agreement of the parties hereto to terminate this Agreement. Upon termination of this Agreement, no party shall have any further obligations or liabilities under this Agreement. 

 

	 	i.	 Counterparts. This Agreement may be executed in one or more counterparts, including facsimile and/or
scanned counterparts, each of which will be deemed an original, but all of which taken together will constitute one and the same document. 

[Signatures appear on the following pages] 

  
 - 4 - 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the
day and year first above written. 
  

									
	GLACIER BANCORP, INC.	 		 	STATE BANK CORP.
			
	  
	 		 	  

	By:	 	Randall M. Chesler	 		 	By:	 	Brian M. Riley
	Its:	 	President and CEO	 		 	Its:	 	President and CEO
			
	GLACIER BANK	 		 	STATE BANK OF ARIZONA
			
	  
	 		 	  

	By:	 	Randall M. Chesler	 		 	By:	 	Brian M. Riley
	Its:	 	President and CEO	 		 	Its:	 	President and CEO
				
		 		 		 	SHAREHOLDER:
				
		 		 		 	  

		 		 		 	[Name]

  

									
	 Record Name of Shareholder
	  	Nature of Ownership	 	  	Number of Owned Shares	 
		  				  			
		  				  			
		  				  			

  
 [Shareholder Signature
Page to Voting Agreement and Irrevocable Proxy]EX-10.2

 Exhibit 10.2 

Non–Competition, Non–Solicitation, and Confidentiality Agreement 

This Non–Competition, Non–Solicitation, and Confidentiality Agreement, dated as of September 30, 2019 (this
“Agreement”), is made by and among Glacier Bancorp, Inc. (“GBCI”), Glacier Bank, a wholly owned subsidiary of GBCI (“Glacier Bank”), State Bank Corp. (“SBC”), State Bank of Arizona,
a wholly owned subsidiary of SBC (“State Bank”), and the undersigned, each of whom is a director of SBC and State Bank (each, a “Director”). 

Recitals 
  

	A.	 Concurrently with the execution of this Agreement, SBC and State Bank are entering into a Plan and
Agreement of Merger, dated September 30, 2019 (the “Merger Agreement”), with GBCI and Glacier Bank. Under the terms of the Merger Agreement, SBC will merge with and into GBCI, State Bank will merge with and into Glacier Bank
(collectively, the “Merger”), and the former branches of State Bank will operate as a division of Glacier Bank (the “Division”). 

 

	B.	 The parties to this Agreement believe that the future success of GBCI, Glacier Bank, and the Division
following the Merger requires that no Director be affiliated in any substantial way with a Competing Business for a reasonable period of time after closing of the Merger or, if applicable, termination of such Director’s service as a post-Merger
member of the Division’s advisory board (the “Advisory Board”). 

 Agreement 

In consideration of the parties’ performance under the Merger Agreement, each Director agrees as follows: 

 

	1.	 Definitions. Capitalized terms not defined in this Agreement have the meaning assigned to those terms in
the Merger Agreement. The following definitions also apply to this Agreement: 

  

	 	a.	 A “Competing Business” means any depository, financial institution, wealth management company,
or trust company, or holding company thereof (including without limitation any start-up bank or bank in formation), operating anywhere within the Covered Area. 

 

	 	b.	 The “Covered Area” means Yuma County, Arizona; Pinal County, Arizona; Mohave County, Arizona;
Yavapai County, Arizona; and Maricopa County, Arizona. 

  

	 	c.	 The “Term” means, with respect to each Director, the period of time beginning on the Effective
Date and ending on the later to occur of (i) two years after the Effective Date or, if applicable, (ii) one year following the termination of any service by such Director as a post-Merger member of the Advisory Board.

	2.	 Non-Competition. Except as provided in Section 5 or 6,
during the Term each Director agrees that such Director will not become involved with a Competing Business in any capacity or serve, directly or indirectly, a Competing Business in any manner, including without limitation, (a) as a shareholder,
member, partner, director, officer, manager, investor, organizer, founder, employee, consultant, agent, or representative, or (b) during the organization and pre-opening phases in the formation of a
Competing Business. Notwithstanding the foregoing, no Director shall be deemed to have violated this Section 2 solely by providing legal, accounting or audit services as an employee or partner of a professional services organization.

  

	3.	 Non-Solicitation. During the Term, each Director agrees
not to, directly or indirectly, either for himself or herself or for any other person, solicit or attempt to solicit: (a) any employees or independent contractors of GBCI or GBCI’s subsidiaries, divisions, or affiliates to participate, as
an employee or otherwise, in any manner in a Competing Business; (b) any customers, business partners, or joint venturers of GBCI or GBCI’s subsidiaries, divisions, or affiliates to transfer their business to a Competing Business or to
reduce such customers’, business partners’ or joint venturers’ business or to cease doing business with GBCI or GBCI’s subsidiaries, divisions, or affiliates; or (c) the termination of an employment or contractual
relationship between GBCI or GBCI’s subsidiaries, divisions, or affiliates and any employee, independent contractor, customer, business partner, or joint venturer. Solicitation prohibited under this Section 3 includes solicitation by any
means, including without limitation meetings, letters, or other direct mailings, electronic communications of any kind, and internet communications; provided, however, that nothing contained in this Section 3 is intended to
prohibit general advertising or general solicitation not directed at such employees, general contractors, customers, business partners, or joint venturers; provided further, that, with respect to employees of GBCI or any of GBCI’s
subsidiaries, nothing in this Section 3 is intended to prohibit the solicitation or employment of any such person following a cessation of such person’s employment with GBCI or a GBCI subsidiary without any solicitation or encouragement by
the Director. 

  

	4.	 Confidential Information. 

 

	 	a.	 Confidentiality. During and after the Term, each Director shall not at any time, directly or indirectly,
divulge, reveal, or communicate any Confidential Information of SBC, State Bank, GBCI or GBCI’s subsidiaries, divisions, or affiliates obtained by the Director while serving as a director of SBC and/or State Bank (or, if applicable, as a
post-Merger member of the Advisory Board) to any person or use any Confidential Information for his or her own benefit or for the benefit of any other person. For purposes of this Agreement, “Confidential Information” includes all
secrets and other confidential information, knowledge, know-how, sales, financial information, customers, lists of customers and prospective customers, broker lists, rate sheets, strategies, or products, as
well as all documents, reports, and proposals relating to the same, with respect to SBC, State Bank, GBCI, or GBCI’s subsidiaries, divisions, or affiliates. Notwithstanding the foregoing, “Confidential Information” does not
include (i) information that is or becomes generally available to the public other than as a result of an unauthorized disclosure by the Director, (ii) information that was in the Director’s possession prior to serving as a director
of SBC and/or State Bank or information received by the Director from another person without any limitations on disclosure, but only if the Director had no reason to believe the other person was prohibited from using or disclosing the information by
contractual or fiduciary obligation, or (iii) information that was independently developed by the Director without using any Confidential Information of SBC, State Bank, GBCI, or GBCI’s subsidiaries, divisions, or affiliates.

	 	b.	 Defend Trade Secrets Act. Pursuant to the Defend Trade Secrets Act of 2016, 18 U.S.C. § 1833(b), a
Director will not be held criminally or civilly liable under any federal or state trade secret law for the disclosure of a trade secret that is made (i) in confidence to a federal, state, or local government official, either directly or
indirectly, or to an attorney, and solely for the purpose of reporting or investigating a suspected violation of law, or (ii) is made in a complaint or other document filed in a proceeding, if such filing is made under seal.

  

	 	c.	 Legally Required Disclosures. Notwithstanding any provision of this Agreement to the contrary, a
Director may disclose or reveal any information, whether including in whole or in part any Confidential Information, that such Director is required to disclose or reveal under any applicable law or is otherwise required to disclose or reveal by any
governmental authority (by oral questions, interrogatories, requests for information or documents in legal proceedings, subpoena, civil investigative demand, or other similar process); provided, however, that such Director makes a good
faith request that the confidentiality of the Confidential Information be preserved and, to the extent not prohibited by applicable law, gives GBCI prompt notice of such requirement in advance of such disclosure and exercises commercially reasonable
efforts to preserve the confidentiality of such Confidential Information, including, without limitation, by reasonably cooperating with GBCI, at GBCI’s sole expense, to obtain an appropriate protective order or other reliable assurance that
confidential treatment will be accorded to such Confidential Information by the governmental authority or other recipient of the Confidential Information. If, in the absence of a protective order (or other reliable assurance) or the receipt of a
written waiver from GBCI, the Director is nonetheless legally required to disclose Confidential Information to a governmental authority, the Director may disclose to such governmental authority only that portion of the Confidential Information which
is legally required to be disclosed without any liability hereunder. 

  

	5.	 Outside Covered Area; Requests for Consent. Nothing in this Agreement prevents a
Director from becoming involved with, as a shareholder, member, partner, director, officer, manager, investor, organizer, founder, employee, consultant, agent, representative, or otherwise, a financial institution that has no operations in the
Covered Area. During the Term, prior to engaging in any manner in a Competing Business, a Director may request in writing that GBCI waive the restrictions set forth in this Agreement with respect to a particular proposed activity. If GBCI
determines, in its sole discretion, that such activity is acceptable, GBCI may provide such Director with written consent to engage in such activity, and such activity will thereafter not be deemed a Competing Business. 

	6.	 Passive Interest. Notwithstanding anything to the contrary contained herein, nothing in this
Agreement will prevent a Director from owning two percent or less of any class of security of a Competing Business. 

  

	7.	 Miscellaneous. 

 

	 	a.	 Individual Obligations. The obligations of each of the signatories to this Agreement are independent of
one another and are not intended to be joint obligations of the undersigned. This Agreement is intended to be enforceable by GBCI and/or Glacier Bank against each Director individually. 

 

	 	b.	 Severability. If any provision of this Agreement or the application of such provision to any person or
circumstances will be held invalid or unenforceable by a court of competent jurisdiction, such provision or application will be unenforceable only to the extent of such invalidity or unenforceability, and the remainder of the provision held invalid
or unenforceable and the application of such provision to persons or circumstances, other than the party as to which it is held invalid, and the remainder of this Agreement, will not be affected. 

 

	 	c.	 Reformation. If any court determines that the obligations and restrictions set forth in this Agreement
are unenforceable, then the parties request such court to reform any unenforceable provisions to the maximum obligations or restrictions, term, and scope, as applicable, that such court finds enforceable. 

 

	 	d.	 Expenses. Except as set forth in Section 4 or as otherwise may be agreed in writing, all costs,
fees, and expenses incurred in connection with this Agreement and the transactions contemplated hereby shall be paid by the party incurring such costs, fees, and expenses. 

 

	 	e.	 Amendments; Waivers. Any provision of this Agreement may be amended or waived if, and only if, such
amendment or waiver is in writing and signed (i) in the case of an amendment, by GBCI and the Director to be bound by such amendment, and (ii) in the case of a waiver, by the party against whom the waiver is to be effective. No failure or
delay by any party in exercising any right, power, or privilege under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other
right, power, or privilege. 

  

	 	f.	 Governing Law; Venue. This Agreement will be governed by and construed in accordance with the laws of
the State of Arizona, except to the extent that federal law may govern certain matters. The parties must bring any legal proceeding arising out of this Agreement in the state courts situated in Kalispell, Montana or the federal district
courts of the Missoula Division for the State of Montana. Each party consents to and submits to the jurisdiction of any such court. 

	 	g.	 Remedies. Any breach of this Agreement by a Director will entitle GBCI and/or Glacier Bank, together
with their successors and assigns, to injunctive relief and/or specific performance, as well as to any other legal or equitable remedies it may be entitled to, it being agreed that money damages alone would be an inadequate remedy for such breach.
The rights and remedies of the parties to this Agreement are cumulative and not alternative. 

  

	 	h.	 Counterparts. This Agreement may be executed in one or more counterparts, including facsimile and/or
scanned counterparts, each of which will be deemed an original, but all of which taken together will constitute one and the same document. 

[Signatures appear on the following pages] 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the day and year first above written. 

 

									
	GLACIER BANCORP, INC.	 		 	STATE BANK CORP.
			
	  
	 		 	  

	By:	 	Randall M. Chesler	 		 	By:	 	Brian M. Riley
	Its:	 	President and CEO	 		 	Its:	 	President and CEO
			
	GLACIER BANK	 		 	STATE BANK OF ARIZONA
			
	  
	 		 	  

	By:	 	Randall M. Chesler	 		 	By:	 	Brian M. Riley
	Its:	 	President and CEO	 		 	Its:	 	President and CEO

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