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Bank of the Cascades is the principal subsidiary of '''Cascade Bancorp''' (NASDAQ: CACB).<ref>{{cite web|url=http://www.nasdaq.com/symbol/cacb|title=NASDAQ: Cascade Bancorp Common Stock Quote|last=|first=|date=|website=|publisher=|access-date=}}</ref> Headquartered in [[Bend, Oregon]], it was founded in 1977.<ref>{{cite web|title=Cascade Bancorp Company Profile - Portland Business Journal|url=http://companies.bizjournals.com/profile/cascade-bancorp/200212/?mkt=portland|website=Company Profiles|publisher=Portland Business Journal|accessdate=18 November 2016}}</ref> It cosponsored the [[Bank of the Cascades Center]], a 4,000-seat arena in [[Redmond, Oregon]]. It announced in 2016 it would be acquired by [[First Interstate BancSystem]] of Montana for $589 million.<ref name="pbj bank of cascades">{{cite news|last1=Kish|first1=Matthew|title=Oregon's second-largest bank (NSADAQ: CACB) to be sold for $589 million - Portland Business Journal|url=http://www.bizjournals.com/portland/news/2016/11/17/oregons-second-largest-bank-to-be-sold-for-589.html|accessdate=18 November 2016|work=Portland Business Journal|date=November 17, 2016}}</ref> The acquisition was completed May 30, 2017.<ref>{{cite web|title=First Interstate Bank Completes Acquisition of Cascade Bancorp|url=https://www.firstinterstatebank.com/company/news/329/first-interstate-bancsystem-inc-completes-acquisition-of-cascade-bancorp}}</ref>
Bank of the Cascades is the principal subsidiary of '''Cascade Bancorp''' (NASDAQ: CACB).<ref>{{cite web|url=http://www.nasdaq.com/symbol/cacb|title=NASDAQ: Cascade Bancorp Common Stock Quote|last=|first=|date=|website=|publisher=|access-date=}}</ref> Headquartered in [[Bend, Oregon]], it was founded in 1977.<ref>{{cite web|title=Cascade Bancorp Company Profile - Portland Business Journal|url=http://companies.bizjournals.com/profile/cascade-bancorp/200212/?mkt=portland|website=Company Profiles|publisher=Portland Business Journal|accessdate=18 November 2016}}</ref> It co-sponsored the [[Bank of the Cascades Center]], a 4,000-seat arena in [[Redmond, Oregon]]. It announced in 2016 it would be acquired by [[First Interstate BancSystem]] of Montana for $589 million.<ref name="pbj bank of cascades">{{cite news|last1=Kish|first1=Matthew|title=Oregon's second-largest bank (NSADAQ: CACB) to be sold for $589 million - Portland Business Journal|url=http://www.bizjournals.com/portland/news/2016/11/17/oregons-second-largest-bank-to-be-sold-for-589.html|accessdate=18 November 2016|work=Portland Business Journal|date=November 17, 2016}}</ref> The acquisition was completed May 30, 2017.<ref>{{cite web|title=First Interstate Bank Completes Acquisition of Cascade Bancorp|url=https://www.firstinterstatebank.com/company/news/329/first-interstate-bancsystem-inc-completes-acquisition-of-cascade-bancorp}}</ref>


==References==
==References==

Latest revision as of 13:53, 16 June 2024

Bank of the Cascades is the principal subsidiary of Cascade Bancorp (NASDAQ: CACB).[1] Headquartered in Bend, Oregon, it was founded in 1977.[2] It co-sponsored the Bank of the Cascades Center, a 4,000-seat arena in Redmond, Oregon. It announced in 2016 it would be acquired by First Interstate BancSystem of Montana for $589 million.[3] The acquisition was completed May 30, 2017.[4]

References

[edit]
  1. ^ "NASDAQ: Cascade Bancorp Common Stock Quote".
  2. ^ "Cascade Bancorp Company Profile - Portland Business Journal". Company Profiles. Portland Business Journal. Retrieved 18 November 2016.
  3. ^ Kish, Matthew (November 17, 2016). "Oregon's second-largest bank (NSADAQ: CACB) to be sold for $589 million - Portland Business Journal". Portland Business Journal. Retrieved 18 November 2016.
  4. ^ "First Interstate Bank Completes Acquisition of Cascade Bancorp".