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George Noorey
George Noorey
9:00pm - 12:00am

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Local News

It’s a big moment for the Bank of the Cascades. Thursday, shareholders will hold a special meeting in part to vote on a plan to issue $177 million in company common stock to private investors. A "yes" vote from shareholders means that the Bank of the Cascades would be among the best capitalized community banks in the nation.  That's according to a recent statement by CEO Patty Moss. As of Thursday morning, thousands of proxy votes have been counted and the final vote will be held at 5:00 p.m.  Parent company, Cascade Bancorp recently announced the $177 million capital raise with four leading investors.  Moss says closing this deal would mean that the banks’ capital ratios would notably exceed regulatory agency benchmarks of a well capitalized bank. A recent report from the FDIC shows that the Bank of the Cascades has the largest amount of the deposits in Deschutes County, at 29%.


Traffic & Weather




  • 27th Street Bear Creek Road and Forum Dr. down to a single lane 6a – 10p Signal light at 27th and Forum will be disabled and only right turns off 27th will be allowed.


  • Road closures along Roosevelt Ave >< Silver Lake Blvd -Chamberlain St. 7a-5p (9/6-11/20)


  • Lane closures and detours Mt. WA Dr at Shevlin Park Road North to Regency (7/11-11/30)
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