Movers and Shakers April 8, 2011

Idaho Division of Tourism unveils new website

The Idaho Department of Commerce, Division of Tourism, has unveiled a new version of its flagship website, VisitIdaho.org.

"The evolution of our Adventures in Living brand and our Great Idaho Getaway campaign inspired the updated look and feel," said Karen Ballard, administrator for the division of tourism. "Easier navigation with new user interface and advanced search features that embrace mobile usage required the update of the award winning site."

The site includes photography, video, 360 degree virtual tours, Google maps, and a range of social media platforms including the Visit Idaho Blog, Facebook, Twitter and YouTube.

The launch coincides with Idaho Tourism's Great Idaho Getaway marketing campaign that runs March through September of this year and offers monthly vacation prize giveaways from the state agency's regional tourism partners.

Information: www.visitidaho.org

Intermountain Community Bank announces $70M deal

Intermountain Community Bank, parent company of Panhandle State Bank, announced this week that it has attracted $70 million as part of a securities purchase agreement.

The agreement is with Castle Creek Fund IV, affiliates of Stadium Capital Management LLC, and certain other accredited investors.

The transaction is subject to regulatory approvals and confirmations through the purchase of 70 million shares of bank common stock at $1 per share.

The bank also plans to offer $5 million in common shares to existing shareholders at the same price as the investment companies. Certain investors have agreed, subject to regulatory limitations, to purchase shares any existing shareholders do not purchase in the offering.

The bank expects to use the proceeds from the offering to make capital contributions and to strengthen the balance sheet of the bank, according to a press release.

The bank expects the transaction to close some time this month or in May.

"As a leading community bank in our region, our goals are to be a strong resource for our communities, to retain and build on our successful relationship-based banking model, and to position our bank for challenges and opportunities ahead," said company chief executive officer Curt Hecker.

Command Center Inc. announces $16.4M revenue

Command Center Inc., a Post Falls-headquartered national provider of on-demand and temporary staffing, announced revenue of $16.40 million for the first quarter ending April 1, an increase of 38 percent from $11.90 million recorded in the year-earlier period. There were 53 company-owned stores in March, as compared with 50 stores one year ago.

For the five-week reporting period of March 2011, Command's revenue of $7.02 million was up 36 percent on revenue of $5.15 million in the year-earlier period.

"The positive year-over-year sales growth for the first quarter and for March reconfirms the strength of temporary staffing in today's economy as well as Command's ability to grow in what has become a very competitive sector," said Chairman and CEO Glenn Welstad. "I am pleased to report that our core business has also benefited from the return of some larger customers who had become less active with us in the prior two years."

If you have a new, relocated or expanded business, or announcement of events, promotions or awards, The Press wants to let our readers know. The service is free and items run Tuesday through Saturday. To get the word on the street on your movers and shakers, call city editor Bill Buley at 664-8176 Ext. 2016 or e-mail [email protected].