COEUR D'ALENE, Idaho, Sept. 9, 2008 (GLOBE NEWSWIRE) -- Idaho Independent Bank ("IIB") (OTCBB:IIBK), stands strong in this current economic environment while many financial institutions are faltering. Idaho Independent Bank has earned a 5-Star Superior rating from BauerFinancial, Inc. of Coral Gables, Florida, the nation's leading independent bank rating and research firm. The 5-Star rating is based on the overall financial strength of the bank and indicates that Idaho Independent Bank is one of the strongest banks in the nation. This represents the 40th consecutive quarter that Idaho Independent Bank has earned this highest honor giving it the added distinction of being an "Exceptional Performance Bank." Only institutions that have achieved this highest 5-Star rating for ten years or longer can claim this distinction.
"In a climate where it is increasingly difficult to shine, Idaho Independent Bank proves it can be done," remarked Karen L. Dorway, President of the research firm. "In fact, local residents should be proud that their community bank is one of the elite financial institutions in the nation. They can rest assured that their deposits are well-placed in this 5-Star bank."
Established in 1993, Idaho Independent Bank has been pleased to fulfill the financial needs of Idaho for 15 years. It currently has approximately 220 employees and operates 12 conveniently located offices in the state of Idaho. It can be found on the internet at www.theidahobank.com.
The Idaho Independent Bank company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=1275
BauerFinancial, Inc., Coral Gables, Florida, the nation's leading independent bank rating and research firm, has been reporting on and analyzing the performance of U.S. banks and credit unions since 1983. No institution pays for its rating, nor can they elude it. Consumers may view star-ratings by visiting www.bauerfinancial.com.
For more information on Idaho Independent Bank, or any other bank or credit union in the United States, contact Karen Dorway directly at 800.388.6686 or by e-mail at kdorway@bauerfinancial.com.