KETCHUM, Idaho, Nov. 16, 2004 (PRIMEZONE) -- Kurt Gustavel, Executive Vice President and Chief Operating Officer, announced that Idaho Independent Bank (IIB)(OTCBB:IIBK) has converted its Ketchum Loan Production Office to a full-service branch.
IIB's Ketchum Branch is located at 180 First Street West in the First Street Building. Ketchum's staff includes Sam Yost, Vice President and Manager; Donell O'Donnell, Operations Supervisor; and Ashley Garrison, New Accounts Representative.
"We are enthused and optimistic about the opportunities for an Idaho bank like IIB in the Sun Valley market," said Sam Yost. "The combination of a high level of service, local decisions, and IIB's extensive experience lending in resort areas is truly needed in this market."
"We are very happy to be expanding our services in Ketchum/Sun Valley," commented Gustavel. "The addition of an IIB branch in Ketchum is exciting, and we are thrilled to be a part of the community."
A grand opening celebration will be announced soon.
About IIB
IIB was established in 1993 as an Idaho state-chartered, commercial bank and currently operates branches in Boise (2), Meridian, Coeur d'Alene, Nampa, Mountain Home, Hayden Lake, Caldwell and Ketchum, Idaho. IIB has approximately 175 employees throughout the state of Idaho. IIB's Common Stock is traded on the OTC Bulletin Board under the symbol IIBK. To learn more about the bank, visit IIB online at www.theidahobank.com.
Statements contained herein concerning future performance, developments or events, expectations for earnings, growth and market forecasts, and any other guidance for future periods constitute forward-looking statements within the meaning of the Private Securities Reform Act of 1995, and as such, are subject to a number of risks and uncertainties that might cause actual results to differ materially from the expectations or stated objectives. Factors that could cause actual results to differ materially include but are not limited to: changes in regional or general economic conditions; changes in interest rates, deposit flows, demand for loans and mortgages, real estate values, competition or loan delinquency rates; changes in accounting principles, practices, policies or guidelines; changes in legislation or regulations; changes in other economic, competitive, governmental, regulatory and technological factors affecting operations, pricing, products and services; changes in the regulatory environment; changes in monetary and fiscal policy of the Federal government; material unforeseen changes in the liquidity, results of operations, or financial condition of the Bank's customers; and other risks detailed from time to time in the Bank's filings with the Federal Deposit Insurance Corporation. Accordingly, these factors should be considered in evaluating forward-looking statements, and undue reliance should not be placed on such statements. The Bank undertakes no responsibility to update or revise any forward-looking statements.
The Idaho Independent Bank company logo can be found at: http://www.primezone.com/newsroom/prs/?pkgid=127