Item 8.01. Other Information.

On August 31, 2012, Intermountain Community Bancorp (the "Company") issued a press release announcing it will implement effective at the close of business on October 5, 2012, a 1-for-10 reverse stock split of the Company's common and non-voting common stock. A stock split was previously approved by the shareholders at the Company's Annual Meeting on May 17, 2012.

As fixed by the Board of Directors, shareholders will receive 1 new share of common stock for every 10 shares of stock they owned prior to the reverse stock split. In addition, all fractional shares will be rounded up to the nearest whole share. The effect of the reverse stock split will be to increase the per share market price of the Company's common stock to at least $4.00 per share, which will allow the Company following the split to apply with NASDAQ to list its shares of voting common stock on the NASDAQ Capital Market. A copy of the press release is included as Exhibit 99.1 to this report.

Item 9.01. Exhibits.

(d) Exhibits. The following exhibit is being filed herewith:

Exhibit No. Description

99.1 Press release issued August 31, 2012 announcing the reverse stock split

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