Movers and Shakers August 30, 2011
Idaho Independent Bank to pursue rights offering for common stock sale
Jack W. Gustavel, chairman and chief executive Officer of Idaho Independent Bank, announced today that the bank intends to pursue a rights offering for the sale of up to about $7 million of its common stock.
IIB plans to distribute to each holder of its common stock as of the close of business on the record date, non-transferable subscription rights to purchase up to 2,058,824 shares of the bank's common stock at a subscription price of $3.40 per share.
The offering is expected to commence upon the distribution of the subscription rights on or about Sept. 6. Unless IIB extends the offering, the subscription rights will be exercisable until Sept. 30.
The bank also intends to offer for sale to existing shareholders and to the public any shares offered but not sold in the rights offering at the same price per share.
IIB intends to use the net proceeds from the common stock offering to support growth strategies, further strengthen the bank's capital position and for general corporate purposes.
Idaho Department of Labor adds new tool in 'Maximize Your Job Search'
Job seekers have a new tool to help in the search for employment or career transitions in "Maximize Your Job Search," a guide released this month by the Idaho Department of Labor.
The 24-page publication, distributed through the department's job search workshops and available to anyone online, covers the basics of getting started and setting career goals to specifics such as networking, the hidden job market and using social media.
The guides will be used in the department's job search workshops, which are regular ongoing classes offered free at the 25 local labor offices throughout Idaho. Other free courses offered to job seekers include resume writing, interviewing and using social media in your job search.
Labor's website also includes job listings, tools for setting up a profile visible to potential employers and links to many other career and job search resources. To download a copy of the workbook, visit labor.idaho.gov/jobsearch.
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