CB and IMCB jointly announced that the deadline for Intermountain shareholders to elect the form of consideration that they will receive upon the closing of the merger of Intermountain with and into Columbia (the “Merger”) has been set for 5:00 P.M. Pacific Daylight Time on October 27, 2014 (the “Election Deadline”).
Elections can be made by mailing a completed form of election (the “Election Statement”), which was previously mailed to each Intermountain shareholder, to Broadridge, Inc., Attn: BICS Re-Organization Department P.O. Box 1317 Brentwood, New York 11717-0693 (the “Exchange Agent”). All inquiries with respect to the completion of the Election Statement, including requests for additional copies of the Election Statement, may be made directly to the Exchange Agent at (888) 353-2194 or (720) 378-5454. If you hold shares of Intermountain stock through a broker, bank, trustee, or other nominee, you should contact your broker, bank, trustee or other nominee for instructions on how to make an election or with questions and inquiries with respect to the completion of the Election Statement.
Upon completion of the Merger, each share of Intermountain common stock will be converted into the right to receive consideration consisting of shares of Columbia common stock or cash, or a unit consisting of a mix of Columbia common stock and cash, pursuant to the terms of the Agreement and Plan of Merger, a copy of which is attached as Appendix A to the Proxy Statement/Prospectus dated September 23, 2014.
If an Intermountain shareholder fails to submit an Election Statement to the Exchange Agent prior to the Election Deadline, or if an Election Statement is improperly completed and/or is not signed, such shareholder will be deemed to have made no election and will be issued in respect of each share of Intermountain common stock held by such shareholder a unit consisting of Columbia common stock and cash.
The transaction has received the requisite approvals from the Federal Deposit Insurance Company, the Washington Department of Financial Institutions and the Idaho Department of Finance. Assuming the approval of Intermountain shareholders at a meeting scheduled for October 27, 2014, and the satisfaction or waivers of the other conditions precedent to the Merger, the Merger is expected to be completed on or about November 1, 2014.
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