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Intermountain inks deals for $47.3M capital raise
January 24, 2012 /
Bank holding company Intermountain Community Bancorp said Jan. 22 that it expects to raise $47.3 million in capital through a stock sale and use the funds to bolster the balance sheet of subsidiary Panhandle State Bank.
Castle Creek Capital Partners IV LP, affiliates of Stadium Capital Management LLC and certain other unnamed investors have agreed to buy Intermountain shares, the company said.
Full Story: http://idahobusinessreview.com/2012/01/23/intermountain-inks-deals-for-47-3m-capital-raise/
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