Rigrodsky & Long, P.A.:
- Do you own shares of Idaho Independent Bank (OTC PINK: IIBK)?
- Did you purchase any of your shares prior to October 11, 2018?
- Do you think the proposed merger is fair?
- Do you want to discuss your rights?
Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Idaho Independent Bank (IIBK or the Company) (OTC PINK: IIBK) regarding possible breaches of fiduciary duties and other violations of law related to the Companys entry into an agreement to merge with First Interstate BancSystem, Inc. (First Interstate) (NASDAQ GS: FIBK) in a transaction valued at approximately $181.3 million. Under the terms of the agreement, shareholders of IIBK will receive 0.5 shares of First Interstate common stock for each share of IIBK common stock.
If you own common stock of IIBK and purchased any shares before October 11, 2018, if you would like to learn more about this investigation, or if you have any questions concerning this announcement or your rights or interests, please contact Seth D. Rigrodsky or Gina M. Serra toll-free at (888) 969-4242, by e-mail at [email protected], or at https://www.rigrodskylong.com/offices-contact.
Rigrodsky & Long, P.A., with offices in Delaware, New York, and California, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in numerous cases nationwide, including federal securities fraud actions, shareholder class actions, and shareholder derivative actions.
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