ICB Financial: Shareholder Approval Received

USA - English

• USA - English

ONTARIO, Calif., Sept. 26, 2012 /PRNewswire/ -- ICB Financial (OTCBB: ICBN), today announced that its shareholders have approved the principal terms of the Agreement and Plan of Merger between Inland Community Bank N.A. with and into AmericanWest Bank. Shareholder approval took place at the company's annual shareholder meeting on September 20, 2012.

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ICB Financial received the affirmative vote of the holders of a majority of the outstanding shares required to approve the merger. Under the terms of the merger agreement, ICB Financial shareholders will receive cash consideration for their shares.

"We are pleased with the results of the shareholder vote," said James Cooper, President and CEO of Inland Community Bank N.A.

The completion of the merger is subject to the approval of bank regulatory agencies. The merger is expected to close the middle of the 3^rd Quarter.

In its 22-year history, Inland Community Bank has dedicated to being specifically better and different to the business communities of the Inland Empire and Los Angeles. The Bank has focused on providing business services and lending to many types of businesses including manufacturing, sales, medical professionals, real estate developers, escrow companies, property management companies, accounting and law firms.  Inland Community Bank operates five locations including Ontario, Rialto, Duarte, Pasadena and Los Angeles offices.

James Cooper continued to state "this merger brings together two banks that share common business philosophies and banking culture, creating a larger diverse banking entity to better serve the communities of Southern California and Western United States."

Certain statements in this release, including statements regarding the anticipated development and expansion of the bank's business, and the intent, belief or current expectations of the bank, its directors or its officers, are "forward-looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.

SOURCE ICB Financial