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Rick D'Ambrosio Named to Idaho Independent Bank Board of Directors

COEUR D’ALENE, Idaho, May 02, 2016 (GLOBE NEWSWIRE) -- Jack W. Gustavel, Chairman and Chief Executive Officer of Idaho Independent Bank (“IIB” or the “Bank”) (OTCBB:IIBK), today announced the election of Rick D'Ambrosio to the Bank’s Board of Directors.

“We are fortunate to welcome Rick to IIB's Board of Directors. His experience and proven success in managing ecommerce will be a valuable addition to the Bank,” Gustavel said.

Rick is the Director of eCommerce for Agri Beef headquartered in Boise, Idaho. He has over 18 years of experience managing business-to-consumer ecommerce, including strategy, design, content, merchandising, management of technical and administrative operations, social media, and optimization of demand generation.

Mr. D’Ambrosio graduated from the University of Idaho in 1993 with a Bachelor of Science Degree in Advertising and Communications and received a Masters of Business Administration Degree from Northwest Nazarene University in 2006. Rick has been a past supporter of the global crowdfunding platform, IndieGoGo, and WholeFoods Market's WholeKids Foundation.

About IIB

IIB was established in 1993 as an Idaho state-chartered, commercial bank and currently operates three branches in Boise, as well as branches in Meridian, Coeur d’Alene, Nampa, Mountain Home, Hayden, Caldwell, Star, and Sun Valley/Ketchum, Idaho. IIB has approximately 185 full-time equivalent employees throughout the State of Idaho. To learn more about IIB, visit us online at www.theidahobank.com.

Statements contained herein concerning future performance, developments or events, expectations for earnings, growth and market forecasts, and similar statements that are not historical facts are intended to be “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995, and as such, are subject to a number of risks and uncertainties that may cause actual results to differ materially from expectations or our stated objectives. Factors that could cause actual results to differ materially, include, but are not limited to, declines in regional and general economic conditions; changes in interest rates, deposit flows, demand for loans, real estate values, competition, and/or loan delinquency rates; changes in accounting principles, practices, policies, or guidelines; changes in legislation or regulations; changes in the regulatory environment; changes in monetary policy of the Federal Reserve Bank; changes in fiscal policy of the Federal government and the State of Idaho; changes in other economic, competitive, governmental, regulatory, and technological factors affecting operations, pricing, products, and services; material unforeseen changes in the liquidity, results of operations, or financial condition of the Bank's customers. Accordingly, these factors should be considered in evaluating forward-looking statements, and there should not be undue reliance placed on such statements. The Bank undertakes no responsibility to update or revise any forward-looking statements.

CONTACT: Jack W. Gustavel IDAHO INDEPENDENT BANK 1260 W. Riverstone Drive Coeur d’Alene, Idaho 83814 (208) 292-1902

Source:Idaho Independent Bank