Law Offices of Howard G. Smith announces that it is investigating
potential claims against the Board of Directors of Intermountain
Community Bancorp ("Intermountain" or the "Company") (NYSE:IMCB) related
to the proposed acquisition of the Company by Columbia Banking System
("Columbia"). Intermountain shareholders are to receive $2.2930 in cash
plus 0.6426 shares of Columbia common stock for each share of
Intermountain held, valued at approximately $18.22 per share.
This investigation concerns whether the Board of Directors of Intermountain
breached their fiduciary duties to stockholders by failing to adequately
shop the Company before agreeing to enter into the proposed transaction,
and whether the Company has disclosed all material information to
shareholders about the transaction.
If you are a shareholder of Intermountain, if you have information or
would like to learn more about our investigation, or if you wish to
discuss these matters or have any questions concerning this announcement
or your rights or interests with respect to these matters, please
contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith,
3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone
at (215) 638-4847, Toll Free at (888) 638-4847, or by email to firstname.lastname@example.org,
or visit our website at http://www.howardsmithlaw.com.
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