Home > Boards > US Listed > Banking and Finance > Cascade Bancorp (CACB)

Cascade Bancorp Completes Acquisition of Home Federal Bancorp,

Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Enterprising Investor Member Profile
Member Level 
Followed By 214
Posts 11,085
Boards Moderated 3
Alias Born 04/05/09
160x600 placeholder
CIBC Asset Management announces CIBC ETF cash distributions for March 2021 PR Newswire (Canada) - 3/24/2021 7:30:00 AM
Gestion d'actifs CIBC annonce les distributions en espèces des FNB CIBC pour le mois de mars 2021 PR Newswire (Canada) - 3/24/2021 7:30:00 AM
Gestion d'actifs CIBC annonce les distributions en espèces des FNB CIBC pour le mois de février 2021 PR Newswire (Canada) - 2/19/2021 7:30:00 AM
CIBC Asset Management announces CIBC ETF cash distributions for February 2021 PR Newswire (Canada) - 2/19/2021 7:30:00 AM
CIBC Asset Management announces CIBC ETF cash distributions for January 2021 PR Newswire (Canada) - 1/22/2021 7:30:00 AM
Gestion d'actifs CIBC annonce les distributions en espèces des FNB CIBC pour le mois de janvier 2021 PR Newswire (Canada) - 1/22/2021 7:30:00 AM
Gestion d'actifs CIBC annonce les distributions annuelles finales de gains en capital réinvesties de 2020 pour les FNB CIBC ... PR Newswire (Canada) - 12/29/2020 5:44:00 PM
CIBC Asset Management announces final 2020 annual reinvested capital gains distributions for CIBC ETFs and ETF Series of CIBC... PR Newswire (Canada) - 12/29/2020 1:04:00 PM
CIBC Asset Management announces estimated 2020 annual reinvested capital gains distributions for CIBC ETFs and ETF Series of ... PR Newswire (Canada) - 12/23/2020 7:30:00 AM
Gestion d'actifs CIBC annonce les distributions annuelles estimatives de gains en capital réinvesties de 2020 pour les FNB C... PR Newswire (Canada) - 12/23/2020 7:30:00 AM
CIBC Asset Management announces CIBC ETFs and ETF Series of CIBC Fixed Income Pools cash distributions for December 2020 PR Newswire (Canada) - 12/23/2020 7:30:00 AM
Gestion d'actifs CIBC annonce les distributions en espèces de décembre 2020 pour les FNB CIBC et la série FNB de titres à... PR Newswire (Canada) - 12/23/2020 7:30:00 AM
Gestion d'actifs CIBC annonce les distributions annuelles estimatives de gains en capital réinvesties de 2020 pour les FNB C... PR Newswire (Canada) - 12/7/2020 7:30:00 AM
CIBC Asset Management announces estimated 2020 annual reinvested capital gains distributions for CIBC ETFs and ETF Series of ... PR Newswire (Canada) - 12/7/2020 7:30:00 AM
Gestion d'actifs CIBC annonce les distributions en espèces des FNB CIBC pour le mois de novembre 2020 PR Newswire (Canada) - 11/23/2020 7:30:00 AM
CIBC Asset Management announces CIBC ETF cash distributions for November 2020 PR Newswire (Canada) - 11/23/2020 7:30:00 AM
CIBC Asset Management announces CIBC ETF cash distributions for October 2020 PR Newswire (Canada) - 10/23/2020 7:30:00 AM
Gestion d'actifs CIBC annonce les distributions en espèces des FNB CIBC pour le mois d'octobre 2020 PR Newswire (Canada) - 10/23/2020 7:30:00 AM
CIBC Asset Management announces CIBC ETF cash distributions for August 2020 PR Newswire (Canada) - 8/24/2020 7:30:00 AM
Gestion d'actifs CIBC annonce les distributions en espèces des FNB CIBC pour le mois d'août 2020 PR Newswire (Canada) - 8/24/2020 7:30:00 AM
Gestion d'actifs CIBC annonce les distributions en espèces des FNB CIBC pour le mois de juillet 2020 PR Newswire (Canada) - 7/24/2020 7:30:00 AM
CIBC Asset Management announces CIBC ETF cash distributions for July 2020 PR Newswire (Canada) - 7/24/2020 7:30:00 AM
Gestion d'actifs CIBC annonce les distributions en espèces des FNB CIBC pour le mois de juin 2020 PR Newswire (Canada) - 6/23/2020 8:00:00 AM
CIBC Asset Management announces CIBC ETF cash distributions for June 2020 PR Newswire (Canada) - 6/23/2020 8:00:00 AM
CIBC Asset Management announces CIBC ETF cash distributions for May 2020 PR Newswire (Canada) - 5/22/2020 8:00:00 AM
Enterprising Investor Member Level  Monday, 05/19/14 02:27:17 PM
Re: 56Chevy post# 58
Post # of 89 
Cascade Bancorp Completes Acquisition of Home Federal Bancorp, Inc. (5/19/14)

BEND, Ore., May 19, 2014 /PRNewswire/ -- Cascade Bancorp (NASDAQ: CACB) ("Cascade"), the holding company for Bank of the Cascades ("Bank"), today announced that on May 16, 2014 it completed its previously announced acquisition of Home Federal Bancorp, Inc. (NASDAQ: HOME) ("Home"). The combined company is expected to have assets in excess of $2.3 billion and deposits of $2.0 billion with forty branches serving the Oregon and Boise, Idaho markets.

Terry Zink, President and Chief Executive Officer of Cascade, commented, "I am very excited to welcome the customers and employees of Home Federal to Cascade. This acquisition expands our operational footprint in the Pacific Northwest while also providing revenue and cost synergies to the Bank. We look forward to delivering an expanded line of products and services to meet the financial needs of our local business and personal banking customers as we strive to be the premier community bank in the Pacific Northwest."

Under the terms of the merger agreement, former shareholders of Home Federal Bancorp will receive a fixed exchange ratio of 1.6772 shares of Cascade common stock and $8.43 in cash for each share of Home Federal Bancorp common stock, without interest and less withholding for taxes (and cash in lieu of fractional shares).

Cascade was advised in this transaction by Macquarie Capital, as financial advisor, and Hunton & Williams LLP, as legal counsel. Home was advised by Keefe, Bruyette & Woods, as financial advisor, and Vorys, Sater, Seymour and Pease LLP, as legal counsel.

About Cascade Bancorp and Bank of the Cascades
Cascade Bancorp (NASDAQ: CACB), headquartered in Bend, Oregon, and its wholly owned subsidiary, Bank of the Cascades, operate in Oregon and Idaho markets. Founded in 1977, Bank of the Cascades offers full-service community banking through 28 branches in Central, Southern and Northwest Oregon, as well as in the greater Boise/Treasure Valley, Idaho area. The Bank has a business strategy that focuses on delivering the best in community banking for the financial well-being of customers and shareholders. It executes its strategy through the consistent delivery of full relationship banking focused on attracting and retaining value-driven customers. For further information, please visit our website at www.botc.com.

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International
Public Reply | Private Reply | Keep | Last ReadPost New MsgNext 10 | Previous | Next
Follow Board Follow Board Keyboard Shortcuts Report TOS Violation
X
Current Price
Change
Volume
Detailed Quote - Discussion Board
Intraday Chart
+/- to Watchlist
Consent Preferences