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
- NASDAQ: Cascade Bancorp Common Stock Quote^
- Cascade Bancorp Company Profile - Portland Business Journal Company Profiles, Portland Business Journal, retrieved 18 November 2016^
- Matthew Kish. Oregon's second-largest bank (NSADAQ: CACB) to be sold for $589 million - Portland Business Journal