|[July 28, 2014]
INVESTOR ALERT: Levi & Korsinsky, LLP Announces Investigation of Intermountain Community Bancorp and Its Board of Directors In Connection With the Sale of the Company to Columbia Banking System, Inc.
NEW YORK --(Business Wire)--
Levi & Korsinsky is investigating the Board of Directors of
Intermountain Community Bancorp ("Intermountain" or "the Company")
(NasdaqCM: IMCB) for possible breaches of fiduciary duty and other
violations of state law in connection with the sale of the Company to
Columbia Banking System, Inc. ("Columbia") (NasdaqGS: COLB).
Click here to learn more about the investigation: http://zlk.9nl.com/intermountain-community-imcb,
or call: 877-363-5972. There is no cost or obligation to you.
Under the terms of the transaction, Inermountain shareholders will
receive 0.6426 shares of Columbia common stock and $2.2930 in cash for
each share of Intermountain stock they own, representing a value of
approximately $18.22 per share based on Columbia's closing price as of
July 23, 2014. The investigation concerns whether the Board of
Intermountain breached their fiduciary duties to stockholders by failing
to adequately shop the Company before agreeing to enter into this
transaction, and whether Columbia is underpaying for Intermountain
If you own Intermountain common stock and wish to obtain additional
information, please contact Joseph E. Levi, Esq. either via email at email@example.com
or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/intermountain-community-imcb.
Levi & Korsinsky is a national firm with offices in New York, New
Jersey, Connecticut and Washington D.C. The firm's 26 attorneys have
extensive expertise in prosecuting securities litigation involving
financial fraud, representing investors throughout the nation in
securities and shareholder lawsuits. For more information, please feel
free to contact any of the attorneys listed below. Attorney advertising.
Prior results do not guarantee similar outcomes.
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