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A big financial shot in the arm for Cascade Bancorp, which is the parent company for Bank of the Cascades. $177-million will be raised through a stock sale to private investors.  “It means a lot to our communities, our employees, our customers. It really positions the bank from a position of great financial strength to be able to grow and prosper in the community and to do what we want to do which is to be a community bank and provide better access to credit.” Cascade Bancorp CEO Patricia Moss says most of the sale is to four investors, with some minority investors in the mix.   She says this sale means Bank of the Cascades notably exceeds the benchmark for a "well capitalized bank.”   The bank will also perform a one for ten reverse stock split. That means ten shares of stock will be changed into one. That results in fewer shares and each share having a higher value.

Help Puerto Rico

Most organizations are asking for cash, rather than supplies, so they can route help to where it’s needed most more quickly. Here are some of the largest groups with campaigns underway:

 

Traffic

 

 

  • Click on the link for the latest conditions on the mountain passes.

 

  • Intersection of NW Broadway Street and NW Delaware for waterline replacement project, road closures with detours clearly marked for thru traffic, 7 a.m. – 4 p.m. daily with roads opened nightly. Motorists are encouraged to avoid this area and use Bond Street and Wall Street.

 

  • Nels Anderson Road between Nels Anderson Place and Brandis Court, single northbound shoulder closure will be in effect, two-way traffic to be maintained. Project completion expected December 2017.