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 in Central, Southern and Northwest Oregon, as well as in the greater Boise/Treasury Valley, Idaho and Seattle Metro areas. The company operates 37 branches serving communities in Central, Southern and Northwest Oregon, as well as in the greater Boise/Treasure Valley, Idaho and Seattle, Washington areas. The company’s lending activities are focused on small- to medium-sized businesses, municipalities and public organizations, and professional and consumer relationships. It 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 originates residential mortgage loans, including 30-year fixed rate loans that are mainly sold on the secondary market. It 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, 2015, 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; obligations of state and political subdivisions; and mutual fund. Deposits As of December 31, 2015, 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 Board of Governors of the Federal Reserve System (the Federal Reserve Board) and, acting under delegated authority, the Federal Reserve Bank of San Francisco pursuant to the Bank Holding Company Act, as amended (the BHC Act). The company is a one-bank holding company within the meaning of the BHC Act and, as such, is subject to regulation, supervision and examination by the Federal Reserve Board. As an Oregon state-chartered bank, the bank is subject to the supervision and regulation of the Division of Finance and Corporate Securities (DFCS) and, with respect to the bank’s Idaho branching operations, the Idaho Department of Finance and, with respect to the bank’s Washington operations, the Washington State Department of Financial Institutions. As a state-chartered bank that is not a member of the Federal Reserve Board, the bank is also subject to the supervision and regulation of the Federal Deposit Insurance Corporation (FDIC). The bank is a FDIC-insured bank that is not a member of the Federal Reserve Board, and is subject to the supervision and regulation of the DFCS and the FDIC. All of the deposits of the bank are insured up to applicable limits by the Deposit Insurance Fund, referred to as the Deposit Insurance Fund (DIF), of the FDIC and are subject to deposit insurance assessments to maintain the DIF. The bank is subject to Federal Reserve Board regulations. Depository institutions, such as the bank, are subject to rules promulgated by the Consumer Financial Protection Bureau. 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 FHA, 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. 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. History Cascade Bancorp was founded in 1977.
(CACB:Consolidated Issue listed on NASDAQ Capital Market)
1100 NW Wall Street
Bend, OR 97701
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