BEND, OR -- Bend-based Cascade Bancorp, the parent company of Bank of the Cascades, has entered into an agreement to purchase 12 Oregon branches and three in Washington from Bank of America.
Company officials say the move will expand the bank's footprint to southern Oregon and coastal communities, while providing entry into the Washington market.
If the acquisition receives regulatory approval, Cascade will assume approximately $707 million dollars of branch deposits.
Read the full release from Cascade Bancorp HERE.
