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Officials with the Bank of the Cascades are all smiles today. They have successfully completed raising $177-million to bring the bank into a stronger financial position.  Part of that is a cash deposit. “We literally received a wire transfer depositing $150-million in capital into the bank.“ Cascade Bancorp CEO Patty Moss says the federal government considers banks well capitalized if the capital ratio is six percent. This cash infusion brings Bank of the Cascades to 17%. “We are very excited about this. it's obviously a very good thing for the bank, and very good thing for our community....we're ready to go.” Part of the agreement brings three new members to the Board of Cascade Bancorp.

 

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Traffic & Weather

 

 

 

 

Jones Road, full road closure between Bennington Lane and NE Butler Market Road. May 18 – August 18, local access only.
 

Oregon State University off-site improvements for intersection reconstruction, July 11 – August 3,    7 a.m. – 4:30 p.m., at intersection of Chandler Avenue and Yates Drive.

 

Orion Drive closed in two locations for sewer work; at the intersection with Avery Lane and between Desert Woods Drive and King Hezekiah Way.  From July 11 to Sept. 6. Detours marked.

 

Valhalla Sewer Relocation Project, Mt. Washington Drive at Shevlin Park Road intersection and North to Regency Street. Nighttime closures with detours marked during roundabout construction. Daytime closures for construction towards Regency Street.    7 p.m. – 7 a.m., July 11 – November.

 
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