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Coeur d’Alene Bancorp Announces Closing of $5 Million Private Placement

May 6, 2019

COEUR D’ALENE, Idaho--(BUSINESS WIRE)--May 6, 2019--The private placement commenced on January 7, 2019 offering 333,332 shares at a price of $9 per share and ultimately increased to accommodate interested investors with a total of 555,555 shares at $9 per share sold.

“The capital will be used to continue our growth and expansion with a new branch opening in Post Falls during the third quarter of this year. As of June 10 th bankcda is the only truly local community bank remaining in North Idaho. Our local decision-making and relationship-based banking resonates with small business owners and consumers in our community” said Veach

Coeur d’Alene Bancorp, parent company of bankcda, is headquartered in Coeur d’Alene, Idaho with branches in Coeur d’Alene, Hayden and Kellogg.

For more information, visit www.bankcda.com or contact Wes Veach at 208-415-5006.

View source version on businesswire.com:https://www.businesswire.com/news/home/20190506005801/en/

Wes Veach, 208-415-5006

KEYWORD: UNITED STATES NORTH AMERICA IDAHO

INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE

SOURCE: Coeur d’Alene Bancorp

Copyright Business Wire 2019.

PUB: 05/06/2019 05:42 PM/DISC: 05/06/2019 05:42 PM

http://www.businesswire.com/news/home/20190506005801/en