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
References
- "NASDAQ: Cascade Bancorp Common Stock Quote".
- "Cascade Bancorp Company Profile - Portland Business Journal". Company Profiles. Portland Business Journal. Retrieved 18 November 2016.
- 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.
- "First Interstate Bank Completes Acquisition of Cascade Bancorp".