BOISE, Idaho, Aug. 2, 2005 (PRIMEZONE) -- Kurt R. Gustavel, President of Idaho Independent Bank (IIB) (OTCBB:IIBK), announced today that the Bank has opened a branch in Star, Idaho. The office is located at the corner of Star Road and State Street in the Idaho Independent Bank Plaza. Star is IIB's seventh branch in the Treasure Valley and tenth branch statewide.
Greg Charlton, Senior Vice President remarked, "We are very happy to join the Star community and add an additional IIB location to serve our customers in the Treasure Valley."
Mini Victory, Star Branch Manager, said, "The initial response from the community has been very positive, and we look forward to providing relationship banking services to the businesses and individuals in this area."
IIB plans to provide full-service banking, including personal and business accounts, cash management services, safe deposit boxes, drive-thru banking, online banking, courier services, etc. "Establishing a branch in Star is a natural progression of our strategy to be The Idaho Bank(r)," Gustavel said. "We see tremendous opportunities in this growing market that we feel can best be served by an Idaho institution such as IIB."
About IIB
IIB was established in 1993 as an Idaho state-chartered, commercial bank and currently operates ten branches in Boise (2), Meridian, Coeur d'Alene, Nampa, Mountain Home, Hayden Lake, Caldwell, Ketchum/Sun Valley, and Star, Idaho. IIB has approximately 190 employees throughout the state of Idaho.
IIB's Common Stock is traded on the NASDAQ OTC Bulletin Board under the symbol IIBK. To learn more about IIB, visit them online at http://www.theidahobank.com. Forward Looking Statement
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 expectations or our 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, real estate values, competition, or loan delinquency rates; changes in accounting principles, practices, policies, or guidelines; changes in legislation or regulations; changes in the regulatory environment; changes in monetary policy of the Federal Reserve Bank; changes in fiscal policy of the Federal government; changes in other economic, competitive, governmental, regulatory and technological factors affecting operations, pricing, products, and services; 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=1275