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Lars Larson
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Lars Larson
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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

 
  • Pilot Butte closed to vehicles. Pedestrians will be routed around the work areas. (5/4-18)
  • Burgess Road CLOSED at the junction with Hwy 97.  Flaggers.   (5/4-7)
  • Cinco deMayo race. Closures and Traffic Controls. Minnesota in downtown Bend. (5/5)
  • Skyline Ranch Road CLOSED behind Summit High School (4/22 - 7/22)
  • Brosterhous Road CLOSED between Windsor Drive and Knott Road  (4/27 - 5/25)
 
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