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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

 

 

Ferguson Road closed between 15th Street and King Solomon Lane. (6/13)

 

Round-About Construction:

 

Murphy Road and Parrell Road closed with detours. (9/30)

 

Powell Butte Highway at Neff and Alfalfa Market Roads (8/31)

 
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