Cascade Bancorp operates as the holding company for Bank of the Cascades that provides a range of commercial and retail banking services to its customers. The company operates 40 branches serving communities in Central, Southern, and Northwest Oregon, as well as in the greater Boise/Treasure Valley, Idaho area. The company’s lending activities are focused on small- to medium-sized businesses, municipalities and public organizations, and professional and consumer relationships. The company provides commercial real estate loans, real estate construction and development loans, and commercial and industrial loans, as well as consumer installment, line-of-credit, credit card and home equity loans. The company also originates residential mortgage loans, including 30-year fixed rate loans that are primarily sold on the secondary market. The company provides consumer and business deposit services, including checking, money market and time deposit accounts and related payment services, Internet banking, electronic bill payment and remote deposits. In addition, the company serves business customer deposit needs with a suite of cash management services. The company also provides trust and investment related services to its clientele. Investment Securities As of December 31, 2014, the company’s investment securities included U.S. agency mortgage backed securities; non-agency mortgage backed securities; U.S. agency asset-backed securities; corporate debt securities; and mutual fund. Deposits As of December 31, 2014, the company’s deposits included demand deposits, interest bearing demand deposits, savings deposits, and time deposits. Business Strategies The company’s strategies include the diversification of its earning assets to mitigate credit risk; expanding its relationship deposits to fund asset growth; and consistently delivering quality customer service and applying technology to improve the delivery of banking services. Supervision and Regulation As a registered bank holding company, the company is subject to the supervision and regulation of the Federal Reserve Board, and acting under delegated authority, the Federal Reserve Bank of San Francisco pursuant to the Bank Holding Company Act of 1956, as amended. As an Oregon state-chartered bank, the bank is subject to the supervision and regulation of the Oregon Division of Finance and Corporate Securities, and with respect to the bank’s Idaho branching operations, the Idaho Department of Finance. As a state-chartered bank that is not a member of the Federal Reserve System, the bank is also subject to the supervision and regulation of the Federal Deposit Insurance Corporation (FDIC). Depository institutions, such as the bank, are subject to rules promulgated by the Consumer Financial Protection Bureau. The Community Reinvestment Act rating of the bank is ‘satisfactory’. The deposits of the bank are insured up to applicable limits by the Deposit Insurance Fund (DIF) of the FDIC and are subject to deposit insurance assessments to maintain the DIF. Section 23A of the Federal Reserve Act generally imposes limitations on, and requires collateral for, extensions of credit by an insured depository institution, such as the bank, and its non-bank affiliates, such as the company. The bank is subject to Federal Reserve Board regulations under which depository institutions might be required to maintain non-interest-earning reserves against their deposit accounts and certain other liabilities. The bank and its affiliates are subject to a range of federal and state consumer protection laws and regulations that govern almost every aspect of their business relationships with consumers. These include the Truth in Lending Act, the Truth in Savings Act, the Electronic Fund Transfer Act, the Expedited Funds Availability Act, the Equal Credit Opportunity Act, the Fair Housing Act, the SAFE Act, the Real Estate Settlement Procedures Act, the Home Mortgage Disclosure Act, the Fair Credit Reporting Act, the Fair Debt Collection Practices Act, the Service Members’ Civil Relief Act, the Right to Financial Privacy Act, the Home Ownership and Equity Protection Act, the Consumer Leasing Act, the Fair Credit Billing Act, the Homeowners Protection Act, the Check Clearing for the 21st Century Act, laws governing flood insurance, laws governing consumer protections in connection with the sale of insurance, federal and state laws prohibiting unfair, deceptive and abusive business practices, foreclosure laws and various regulations that implement some or all of the foregoing. History Cascade Bancorp was founded in 1977.
cascade bancorp (CACB:NASDAQ CM)
1100 NW Wall Street
Bend, OR 97701
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