Movers and Shakers July 26, 2012 - Coeur d'Alene Press: Business

Movers and Shakers July 26, 2012

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Posted: Thursday, July 26, 2012 12:15 am

Ackerman set to lead Sorensen Magnet School

Janet Ackerman will take the lead as Sorensen's Principal this fall. Ackerman has been a fifth-grade teacher at Skyway Elementary school for the past five years and has lifelong experience in music, drama and the arts.

Ackerman's background includes multiple administrative positions: principal of an elementary school in Fallon, Nev., and assistant principal at an elementary school in Bend, Ore. Ackerman has a master's degree in Education and Administration from Lewis and Clark College and holds state of Idaho Administrative credentials.

"We are excited for Sorensen students, parents and staff to embrace Janet's 30-plus years of teaching and building administrative experience," stated Superintendent Hazel Bauman. "Jim Gray has established Sorensen Magnet School for the Arts & Humanities as a strong performing magnet school; I know Janet Ackerman's passion and energy will continue that momentum."

The position of principal at Sorensen became available when Jim Gray chose to accept the principal opening at Dalton Elementary earlier this summer.

Robinson attains

GAIN-I certification

Rathdrum Counseling Center, LLC, announced that David P. Robinson has acquired his local training certificate from Chestnut Health Systems as a GAIN-I administrator and local trainer for GAIN certification.

Robinson attended the Chestnut Health Systems National GAIN Training three-day professional training in Illinois on Jan. 26-29.

Robinson and Rathdrum Counseling Center plan to begin GAIN training for qualified professionals in September.

Info: 651-2215 or 687-0538

Panhandle State Bank

holding company reports quarterly earnings

Intermountain Community Bancorp, the holding company for Panhandle State Bank, reported $301,000, or 1 cent per share, in net income applicable to common shareholders for the second quarter 2012, as higher net interest and other income and lower operating expenses were offset by a higher loan loss provision than in the first quarter of 2012.

The second quarter 2012 income compares to net income applicable to common shareholders of $335,000, or 1 cent per share in the first quarter of 2012, and a loss applicable to common shareholders of $1.1 million, or 13 cents per share, in the second quarter of 2011.

"These results demonstrate our ongoing success in executing our plans to further strengthen the company and generate long-term earnings by serving our local customers and communities," said Chief Executive Officer Curt Hecker. "We have also accelerated efforts to remove remaining problem loans during the quarter, and still increased loans outstanding and maintained a positive earnings stream."

Hecla to make

common-share offers

Hecla Mining Company announced Wednesday it intends to have an indirect wholly-owned subsidiary make offers to acquire all of the outstanding common shares of U.S. Silver Corporation for $1.80 canadian per common share in cash and acquire each outstanding common share purchase warrant for $0.205.

"Once launched and successful, the all-cash Hecla offer will provide certainty of value and immediate liquidity at an attractive valuation for U.S. Silver shareholders," said Hecla's President and Chief Executive Officer, Phillips S. Baker Jr. "We believe that the proposed transaction with RX Gold & Silver fails to maximize value for U.S. Silver shareholders and is, by any measure, inferior to the Hecla Offer."

Highlights of the Proposed Hecla Offer:

n All-cash offer of $1.80 for each U.S. Silver common share, providing significant, immediate and certain value and liquidity to U.S. Silver common shareholders upon consummation.

n Premium of over 23 percent over the closing price of U.S. Silver common shares on July 24, 2012, and a premium of 30 percent over the U.S. Silver 20-day volume weighted average common share price as at July 24 on the TSX.

n Offer for each common share also represents a premium of 28 percent to the imputed offer price of $1.41 under the proposed merger with RX Gold & Silver, as at July 24.

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