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Heather Roberts
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Heather Roberts
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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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  • Click on the link for the latest conditions on the mountain passes.

 

  • Construction at 27th Street and Bear Creek Road and 27th near Medical Center Drive. Single lane 6a – 10p.

 

 
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