Cascade Bancorp
CACB
NASDAQ6.99
USD
-0.19
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Cascade Bancorp
CACB
(NASDAQ)
Recent
price
6.99
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Cascade Bancorp (NASDAQ: CACB), headquartered in Bend, Oregon, serves as the holding company for Bank of the Cascades, a full-service community bank founded in 1977 that operates primarily in the Pacific Northwest region of the United States. Bank of the Cascades provides a broad range of commercial and retail banking products and services, including commercial real estate loans; real estate construction and development loans; commercial and industrial loans; consumer installment loans, lines of credit, credit cards and home equity loans; residential mortgage loans originated for sale on the secondary market; checking, money market and time deposit accounts; internet banking; electronic bill payment; remote deposit capture; cash management services for business customers; and trust and investment-related services. The bank maintains approximately 46 branches across Oregon, Idaho and Washington, targeting small- to medium-sized businesses, municipalities, public organizations, professionals and consumers through a relationship-oriented community banking model focused on local markets in Central, Southern and Northwest Oregon as well as the greater Boise/Treasure Valley area in Idaho. Cascade Bancorp executes its strategy by emphasizing full relationship banking to attract and retain value-driven customers while supporting the financial well-being of its communities. In a major strategic development completed on May 30, 2017, Cascade Bancorp merged with and into First Interstate BancSystem, Inc. (NASDAQ: FIBK) in a $589 million transaction, resulting in the integration of Bank of the Cascades branches into First Interstate Bank's operations across the Pacific Northwest and beyond; no significant acquisitions, funding rounds, product launches or operational changes for Cascade Bancorp have been reported since that time.