NEW YORK, July 29, 2014 /PRNewswire/ -- 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, Intermountain 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 shares.
If you own Intermountain common stock and wish to obtain
additional information, please contact Joseph E. Levi, Esq. either via email at
jlevi@zlk.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.
Levi & Korsinsky, LLP
Joseph Levi, Esq.
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (866) 367-6510
www.zlk.com
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SOURCE Levi & Korsinsky