Cascade Bancorp (CACB)

[Enterprising Investor]

Bank of the Cascades Announces Expansion in Grants Pass (3/04/14)

• Bank announces May 27 re-opening of branch at Sixth & Savage

• Branches on both north and south sides of town will offer access to service & convenience throughout Grants Pass.

BEND, Ore., February 27, 2014 -- Bank of the Cascades (the “Bank”), today announced plans to expand services to the Grants Pass community and to re-open its branch at Sixth & Savage on the north side of town on May 27, 2014.

The Bank has previously announced the signing of a merger agreement with Home Federal Bancorp (“Home Federal”). Assuming completion of the merger, Bank of the Cascades will become a leading community bank in the Pacific Northwest with over $2.3 billion in assets. For local business and consumers in Grants Pass, that means expanded financial services and credit opportunities, with a continued commitment to delivering the advantages of a local community bank. Upon completion of the merger, the Bank expects to welcome local Home Federal customers to its two locations in Grants Pass.

Larry Helton, BOTC Vice President & Grants Pass Commercial Lender, commented “We listened! Over the past year, customers have shared with us that they regret the previous closing of our branch on the north side of town. Demonstrating that customer convenience matters, we are very happy to respond with this announcement of our intended re-opening.” Helton continued, “Additionally, when our merger with Home Federal is complete, it will be a pleasure to welcome new customers to our branches. Our location at Sixth and Savage is an expanded facility with ample parking and convenient access. Our current location on Union Avenue will remain open and available to those customers who prefer the convenience of a location on the south side of Grants Pass.”

As a community bank, Bank of the Cascades is very proud to offer the advantages of local banking. According to Julie Miller, EVP and Oregon Regional President; “Where you bank really matters. We are a local resource! Customer deposits stay in our communities and are used to fund loans to local businesses which in turn create jobs and directly contributes to economic health.” Miller continued, “We believe in earning our customers’ business with expertise, access and local commitment. As an example, we are proud to offer the services of experienced commercial bankers who live and work here in Grants Pass. It is not a case of traveling to another community for those services. Bankers who know Grants Pass and know commercial banking, are right here delivering commercial credit and cash management services to help local business grow.”

Upon completion of the merger with Home Federal, the Bank also looks forward to offering its new customers the advantages of local mortgage lending, expanded SBA loan opportunities, a variety of consumer & business credit card programs, mobile banking that includes mobile deposit and bill pay, and more.
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.

http://www.sec.gov/Archives/edgar/data/865911/000086591114000016/cacb3-2x14x425kfallsexpans.htm