KBND Logo

 

On Air Now

ON AIR NOW
Horse Power for an Hour
3:00pm - 4:00pm
Contact

Infinite Menus, Copyright 2006, OpenCube Inc. All Rights Reserved.
Local News


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!"

 

Traffic & Weather

  • Brookswood Blvd CLOSED >< Pinebrook and Lodgepole Dr. (5/14 - 9/4)
  • Skyline Ranch Road CLOSED behind Summit High School (4/22 - 7/22)
  • Brosterhous Road CLOSED from Parrell Road to Brentwood Avenue (7/3)
  • Lane Closure on Mt. Washington Drive between Archie Briggs Road (7/1)
  • Smoke Stack Lane CLOSED between N.E. Sierra and Comet Lane (7/1)
  • Road Closures in the area of Summit High School for a cycling event 3:45 p.m. - 7: 45 p.m. (July 1, 8, 16, 29)
 
LinkedUpRadio Envisionwise Web Services