INTERMOUNTAIN COMMUNITY BANCORP INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Intermountain Community Bancorp

NEW ORLEANS, July 28, 2014 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Intermountain Community Bancorp ("IMCB" or the "Company") (NASDAQ: IMCB) to Columbia Banking System, Inc. ("Columbia") (NASDAQ: COLB).  Under the terms of the proposed transaction, shareholders of IMCB will receive only $2.2930 in cash and 0.6426 shares of Columbia common stock for each share of IMCB common stock that they own.  KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.

If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ([email protected]) or associate Michael J. Palestina ([email protected]) toll free at any time at 855-768-1857.

To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.

Kahn Swick & Foti, LLC
206 Covington St.
Madisonville, LA 70447

SOURCE Kahn Swick & Foti, LLC

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