Bank of the Cascades is the principal subsidiary of Cascade Bancorp (NASDAQ: CACB). Headquartered in
Bend, Oregon
Bend is a city in and the county seat of Deschutes County, Oregon, United States. It is the principal city of the Bend Metropolitan Statistical Area. Bend is Central Oregon's largest city, with a population of 99,178 at the time of the 2020 U.S ...
, it was founded in 1977. They are a sponsor of the
Bank of The Cascades Center, a 4,000-seat arena in
Redmond, Oregon. The company announced in 2016 it would be acquired by
First Interstate BancSystem
First Interstate BancSystem, Inc. is a financial holding company headquartered in Billings, Montana. It is the parent company of First Interstate Bank, a community bank with locations throughout Arizona, Colorado, Idaho, Iowa, Kansas, Minneso ...
of Montana for $589 million.
The acquisition was completed May 30, 2017.
References
Banks based in Oregon
Companies based in Bend, Oregon
Banks established in 1977
1977 establishments in Oregon
Companies formerly listed on the Nasdaq
Defunct banks of the United States
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