The CEO of the Bank of the Cascades says they are starting to see some bright spots in the local economy, especially with restaurants and retail businesses. CEO Patti Moss was the keynote speaker at a Bend Rotary Club luncheon Wednesday.  Moss talked about the recent dark days of the recession. She says no one could have predicted the magnitude of the real estate bubble: "The challenges that the bank faced were a result of a very, very depressed real estate market.” She explains E-Risk managers at the Bank had planned for a worst case scenario of property values dropping 35%; but in some cases they saw values drop as much as 90%.” Going forward; it’s a much brighter picture for the Bank. A recent capital raise of $177 million will make the Bank of the Cascades one of the strongest community banks in the country. Moss says: “The highlight for me was - that was a highlight!"