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’s lending activities are focused on small to medium-sized businesses, municipalities and public organizations, and professional and consumer relationships. The company operates 28 branches serving communities in Central, Southern and Northwest Oregon, as well as in the greater Boise/Treasure Valley, Idaho area. 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. It originates residential mortgage loans that are mainly 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-related services to its clientele. The company also owns Home Federal Bancorp, Inc., a community bank holding company in the Pacific Northwest. Business Strategies The company's business strategies include improving core profitability while continuing to reduce the level of non-performing and adversely risk rated loans; generating loan portfolio growth while diversifying the loan portfolio; expanding low-cost relationship deposits to fund asset growth; consistently delivering quality customer service and apply technology to enhance the delivery of banking services; retaining a high-performing work force; and targeting accretive merger and acquisition transactions. Investment Portfolio As of December 31, 2013, the company’s investment portfolio included U.S. agency mortgage backed securities (MBS); non-agency MBS; U.S. agency asset-backed securities; obligations of state and political subdivisions; tax credit investments; and mutual fund. Government Policies The operations of the bank are affected by state and federal legislative changes and by policies of various regulatory authorities. These policies include the statutory maximum legal lending rates, domestic monetary policies of the Federal Reserve Board, the U.S. Department of Treasury fiscal policy, and capital adequacy and liquidity constraints imposed by federal and state regulatory agencies. Supervision and Regulation The company is a one-bank holding company within the meaning of the Bank Holding Company Act and is subject to regulation, supervision and examination by the Federal Reserve Board. The company is required to file annual reports with the Federal Reserve Board and to provide the Federal Reserve Board such additional information as the Federal Reserve Board may require. The bank is a the FDIC (Federal Deposit Insurance Corporation)-insured bank which is not a member of the Federal Reserve System, and is subject to the supervision and regulation of the Oregon Division of Finance and Corporate Securities and the FDIC. The bank is subject to certain restrictions imposed by the Federal Reserve Board and the FDIC on extensions of credit to, and certain other transactions with, executive officers, directors, principal stockholders or any related interest of such persons. Substantially all of the deposits of the bank are insured up to applicable limits by the Deposit Insurance Fund (the DIF), of the FDIC and are subject to deposit insurance assessments to maintain the DIF. The bank is subject to Federal Reserve Board regulations under which depository institutions may 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 broad array 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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