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                                                                    Exhibit 99.1

Press Release

DATE: NOVEMBER 12, 2004

FOR IMMEDIATE RELEASE                       ATTN: BUSINESS NEWS

                    INTERMOUNTAIN COMMUNITY BANCORP APPOINTS
             NEW CHIEF FINANCIAL OFFICER AND CHIEF OPERATING OFFICER

Sandpoint, ID - (BUSINESS WIRE) - Curt Hecker, President and Chief Executive
Officer of Intermountain Community Bancorp (OTCBB-IMCB.OB) announced today the
appointment of Doug Wright as chief financial officer of Intermountain and its
banking subsidiary, Panhandle State Bank, and Pamela Rasmussen as chief
operating officer of Panhandle State Bank, effective November 9, 2004.

Mr. Wright is succeeding David W. Smith, who is resigning his position as chief
financial officer and continuing his employment as senior financial officer as
he prepares for his anticipated retirement in May 2005. Mr. Wright joined
Intermountain and Panhandle State Bank in 2002 as executive vice president and
chief operating officer. From 1987 to 1996, Mr. Wright held the position of vice
president with West One Bank, and from 1996 to 2002 he served as senior vice
president and production manager of Sterling Savings Bank.

Hecker stated, "David Smith is retiring after contributing 24 years of
impeccable service to both Intermountain and Panhandle State Bank. David was
instrumental in leading the company's finance and operations functions from the
founding of the company in 1981 to the present. He will be missed by all his
associates, but we wish him well in his endeavors.

Pamela Rasmussen recently joined Intermountain upon the consummation of its
merger with Snake River Bancorp, Inc., and will assume the position of senior
vice president and chief operating officer of Panhandle State Bank. Prior to her
employment with Intermountain, Ms. Rasmussen was chief financial officer and
senior vice president of Snake River Bancorp, Inc. and its wholly owned
subsidiary, Magic Valley Bank. From 1999 to 2000 she served as internal audit
manager and from 2000 to 2002 as vice president and manager of operations for
Stockman Financial Bancorp, Inc. in Miles City, Montana.

In October, Carolyn Gay joined Panhandle State Bank in the position of senior
financial accounting officer, bringing expertise in the area of SEC reporting
and compliance to the company. Ms. Gay was formerly employed as vice president
and controller of Sterling Savings Bank for the past eight years.

Panhandle State Bank offers financial services through offices in Sandpoint,
Kootenai, Bonners Ferry, Priest River, Coeur d'Alene, Post Falls and Rathdrum in
northern Idaho. Intermountain Community Bank, a division of Panhandle State Bank
operates branches in southwest Idaho in Weiser, Payette, Nampa and Caldwell, and
in Ontario, Oregon. Magic

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Valley Bank, a division of Panhandle State Bank, operates branches in Twin
Falls, Gooding and Jerome, Idaho.

For more information on this press release or Intermountain Community Bancorp
stock, please contact any of the individuals listed below or visit our website
at www.intermountainbank.com. Bulletin Board ticker symbol IMCB.OB.

FORWARD-LOOKING STATEMENTS

This press release may contain certain "forward-looking statements." The
forward-looking statements contained herein are subject to factors, risks and
uncertainties that may cause actual results to differ materially from those
projected. The following items are among the factors that could cause actual
results to differ materially from the forward-looking statements: difficulties
in integrating our existing products, services, and operations; our ability to
attract and retain customers and employees; general economic conditions;
business conditions in the banking industry; world events and their impact on
interest rates and customers; the regulatory environment; increased competition
with community, regional and national financial institutions; and higher-than
expected loan delinquencies. Readers are cautioned not to place undue reliance
on these forward-looking statements. Intermountain Community Bancorp does not
undertake any obligation to publicly revise or update these forward-looking
statements to reflect events or circumstances that arise after the date of this
release. Readers should carefully review the risk factors described in this and
other documents that Intermountain Community Bancorp files from time to time
with the SEC.

CONTACTS:

CURT HECKER                                 JERRY SMITH
PRESIDENT & CHIEF EXECUTIVE OFFICER         PRESIDENT, BRANCH ADMINISTRATION
INTERMOUNTAIN COMMUNITY BANCORP             PANHANDLE STATE BANK
PANHANDLE STATE BANK                        INTERMOUNTAIN COMMUNITY BANK
208-265-3300                                208-549-8885
CURTH@PANHANDLEBANK.COM                     JERRYS@INTERMOUNTAINBANK.COM

DOUG WRIGHT                                 SUSAN PLEASANT
EXECUTIVE VICE PRESIDENT                    EXECUTIVE ASSISTANT
CHIEF FINANCIAL OFFICER                     INTERMOUNTAIN COMMUNITY BANCORP
INTERMOUNTAIN COMMUNITY BANCORP             PANHANDLE STATE BANK
PANHANDLE STATE BANK                        208-255-3432
208-665-3976                                SUSANP@PANHANDLEBANK.COM
DOUGW@PANHANDLEBANK.COM