Movers and Shakers January 11, 2013
Intermountain Community Bancorp shares are set to be traded on one of the world's largest markets.
Officials of the Panhandle State Bank parent company announced Wednesday that company stock has been approved for listing on the NASDAQ Capital Market, the second largest stock exchange in the world. The shares, which will run under the ticker symbol IMCB, were expected to begin trading on the same day as the announcement, officials added.
"We are pleased to have successfully completed this process, which will increase the visibility of our company in the marketplace," said Curt Hecker, Intermountain Bancorp's chief executive officer.
The NASDAQ listing has been a goal of Intermountain Community Bancorp officials for quite some time. In August of last year, the company initiated a reverse stock split that transformed 10 shares of stock into a single share. In effect, that reduced the number of shares in voting and nonvoting stock from 26 million and 38.4 million to 2.6 million and 3.8 million. It also lowered the shares of authorized voting and nonvoting stock from 300 million and 100 million to 30 million and 10 million.
Sharmon Schmitt of Coeur d'Alene won a trip for two to Las Vegas, given away as part of the Yuletide lighting festivals in Wallace and Kellogg.
Schmitt's name was drawn Jan. 1 from among nearly 400 entries in the raffle, which was a fundraiser for the lighting festivals of the Wallace and Kellogg chambers of commerce.
Schmitt wins airfare for two to Las Vegas, five nights in the MGM Grand, tickets to Celine Dion concert and a day trip to the Grand Canyon. Or, she can choose to trade it toward another trip.
Intermountain Bancorp shares to be listed on NASDAQ
Intermountain Community Bancorp shares are set to be traded on one of the world's largest markets.
Officials of the Panhandle State Bank parent company announced Wednesday that company stock has been approved for listing on the NASDAQ Capital Market, the second largest stock exchange in the world. The shares, which will run under the ticker symbol IMCB, were expected to begin trading on the same day as the announcement, officials added.
"We are pleased to have successfully completed this process, which will increase the visibility of our company in the marketplace," said Curt Hecker, Intermountain Bancorp's chief executive officer.
The NASDAQ listing has been a goal of Intermountain Community Bancorp officials for quite some time. In August of last year, the company initiated a reverse stock split that transformed 10 shares of stock into a single share. In effect, that reduced the number of shares in voting and nonvoting stock from 26 million and 38.4 million to 2.6 million and 3.8 million. It also lowered the shares of authorized voting and nonvoting stock from 300 million and 100 million to 30 million and 10 million.
Cd'A woman wins trip from Wallace, Kellogg chambers
Sharmon Schmitt of Coeur d'Alene won a trip for two to Las Vegas, given away as part of the Yuletide lighting festivals in Wallace and Kellogg.
Schmitt's name was drawn Jan. 1 from among nearly 400 entries in the raffle, which was a fundraiser for the lighting festivals of the Wallace and Kellogg chambers of commerce.
Schmitt wins airfare for two to Las Vegas, five nights in the MGM Grand, tickets to Celine Dion concert and a day trip to the Grand Canyon. Or, she can choose to trade it toward another trip.
If you have a new, relocated or expanded business, or announcement of events, promotions or awards, The Press wants to let our readers know. The service is free and items run Tuesday through Saturday. To get the word on the street on your movers and shakers, call city editor Bill Buley at 664-8176 Ext. 2016 or e-mail bbuley@cdapress.com.