Bank of Idaho Holding Company Announces Completion of $53.3 Million Common Stock Private Placement

BOISE, ID, MAY. 11, 2022 – ACCESSWIRE

Bank of Idaho Holding Co. (OTCQX:BOID) (the “Company”), the holding company for Bank of Idaho, today announced the completion of a $53.2 million private placement in aggregate principal amount of common stock equity to certain qualified institutional and accredited investors.

“We’re excited to share the excellent news about this successful offering for all Bank of Idaho stakeholders and the communities we serve,” said Jeff Newgard, the President & CEO of Bank of Idaho said. “Our strategic plan is laser-focused on creating value for our shareholders – who can expect to see great things sprout from this opportunity.”

Bank Of Idaho Holding Co, Wednesday, May 11, 2022, Press release picture

MJC Partners, LLC, served as the exclusive placement agent for the offering and the exclusive financial advisor to BOID*. Nelson Mullin served as legal counsel to the placement agent. Stinson LLP served as counsel to Bank of Idaho Holding Co.

About Bank of Idaho Holding Co.

Bank of Idaho has been a financial fixture in the eastern Idaho community since 1985, when the original location opened in downtown Idaho Falls on the corner of Capital and B Street. Later expanding to include 10 full-service locations, and 4 mortgage offices across the state. Stock for the Bank of Idaho Holding Company opened to public trading on the OTC-QX market under the symbol BOID October 2019. With community growth always a first priority, Bank of Idaho focuses on small businesses and is a leader in SBA lending. For more information, please visit https://www.bankofidaho.com.

About MJC Partners, LLC

MJC Partners, LLC is a leading Los Angeles-based boutique investment banking and advisory firm providing a full range of strategic, transactional and valuation-related services to clients across multiple industry groups with a focus on financial services. For more information about MJC Partners, visit www.mjcpartners.com.