Posts tagged: Idaho Independent Bank
Idaho Independent Bank announced Wednesday it plans to “go dark,” or voluntarily deregister its common stock.
The Coeur d’Alene-based bank said it is taking the step to save money. When deregistration is effective, which should take place within 90 days, Idaho Independent Bank will no longer have to file the many reports it’s currently required to file with the FDIC.
According to a news release, the bank is eligible to take that step because it has fewer than 1,200 shareholders of its common stock.