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Cascade Bancorp

Full company profile

uuid003g9wa

Namestring
Cascade Bancorp
Websiteurl
https://www.botc.com/
Company typeenum
Private
Founded yearint
1977
Descriptiontext

Cascade Bancorp is the bank holding company for Bank of the Cascades, a community banking franchise founded in 1977 and headquartered in Bend, Oregon. The company operates as a publicly traded entity on NASDAQ under the ticker CACB and is described in firmographic data as a for-profit company with 501-1000 employees, serving retail and commercial banking customers across the Pacific Northwest. The Bank of the Cascades subsidiary provides insured deposit products, lending, and standard community banking services, with a leadership team that includes a CEO (Terry E. Zink), CFO (Gregory D. Newton), General Counsel (Andrew J. Gerlicher), Chief Administrative Officer (Peggy L. Biss), and a Director of Distribution Strategies (Debbie C. Amerongen).

Cascade Bancorp's strategic activity includes a 2010 recapitalization of $177 million led by Leonard Green & Partners, Lightyear Capital, and W.L. Ross & Co., and a 2016 acquisition of Prime Pacific Bank that expanded the Pacific Northwest footprint. The company's web domain (botc.com) currently redirects to First Interstate Bank, indicating a subsequent combination or brand consolidation under First Interstate BancSystem, which materially expands the effective distribution and customer base across the western United States.

The underlying technology stack, product set, pricing model, customer segments, and revenue mechanics are not disclosed in the source data. As a community bank holding company, the revenue model is implicitly driven by net interest income from the loan portfolio, fee income from deposit and treasury management services, and other non-interest income typical of FDIC-insured institutions of this scale. No AI/ML capabilities, proprietary technology platforms, or differentiated product features are evidenced in the supplied material.

Short descriptiontext

Cascade Bancorp is the publicly traded bank holding company (NASDAQ: CACB) for Bank of the Cascades, a community banking franchise founded in 1977 in Bend, Oregon, serving retail and commercial customers across the Pacific Northwest.

Ownership categoryenum
Headcount rangeband
501–1,000
akta.pro rankint
HeadquartersBend, United States
HQ citystring
Bend
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Keyword5 values
community banking, commercial lending, retail banking, bank holding company, deposit services
NAICS code1 code
  • Savings Institutions and Other Depository Credit Intermediation522180
SIC code1 code
  • State Commercial Banks6022
Product category
Community Banking
Social media profiles2 records
Cost components5 values
Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
GTM typeB2B and B2C
B2B and B2C
Offering typeServices
Services
Core offering1 text field

Cascade Bancorp operates as the bank holding company for Bank of the Cascades, providing traditional community banking services including deposit accounts, commercial and consumer lending, and related financial services to customers primarily in the Pacific Northwest region. The company is publicly traded on NASDAQ under the ticker CACB and is headquartered in Bend, Oregon.

Differentiator
Functional benefit
Problem solved
Product and service1 record
1Bank of the Cascades (subsidiary banking franchise)
CategoryCommunity banking services
Description

Bank of the Cascades is the operating community bank subsidiary of Cascade Bancorp, providing personal and business deposit accounts, commercial and consumer lending, and digital banking services across the Pacific Northwest.

Recent move3 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight3 records

Each record includes

Type, Description

Peers10 records
1Heritage Financial Corporation
TypeDirect peer
Description

Olympia, Washington-based bank holding company for Heritage Bank serving the Pacific Northwest. Overlaps with Cascade Bancorp in geography, community banking focus, and public-market peer set.

2Pacific Premier Bancorp
TypeDirect peer
Description

Irvine, California-based bank holding company with a community and business banking model built through serial acquisitions. Comparable to Cascade Bancorp in mid-tier community bank scale and M&A-driven growth strategy.

3Umpqua Holdings Corporation
TypeDirect peer
Description

Pacific Northwest-headquartered bank holding company operating a community and commercial banking franchise across Oregon, Washington, and Northern California. Directly comparable to Cascade Bancorp in geography, customer mix, and community-bank scale.

4First Bancorp
TypeDirect peer
Description

Southern Pines, North Carolina-based bank holding company operating a community banking franchise. Comparable to Cascade Bancorp as a public, mid-tier community bank holding company with similar employee scale.

5Glacier Bancorp
TypeDirect peer
Description

Multi-state community bank holding company headquartered in the Western U.S., similar in size and decentralized community banking strategy. Comparable to Cascade Bancorp in holding-company structure and bank subsidiary model.

6Columbia Banking System
TypeDirect peer
Description

Tacoma-based bank holding company serving the Pacific Northwest with a community banking model. Closely comparable to Cascade Bancorp in regional focus, deposit gathering, and small-to-mid commercial banking orientation.

7Bank OZK
TypeBroad incumbent
Description

Little Rock, Arkansas-based larger community and commercial bank with national real estate specialty finance operations. Comparable to Cascade Bancorp as a public community-bank holding company, though materially larger and more geographically diversified.

8Banner Corporation
TypeDirect peer
Description

Walla Walla, Washington-based bank holding company operating community banks in the Pacific Northwest and Western U.S. Directly comparable to Cascade Bancorp in geographic footprint and community-bank holding company structure.

9CVB Financial Corp.
TypeDirect peer
Description

Ontario, California-based bank holding company for Citizens Business Bank, focused on community and commercial banking. Comparable to Cascade Bancorp in public mid-tier bank holding company profile and community banking model.

10HomeStreet Inc.
TypeDirect peer
Description

Seattle-headquartered bank holding company with mortgage and community banking operations across the Pacific Northwest. Comparable to Cascade Bancorp in regional footprint and community-bank positioning.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Ideal customer profile2 records

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles5 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds1 record

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors3 records

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Cascade Bancorp

Community Bankingbotc.com

Cascade Bancorp is the publicly traded bank holding company (NASDAQ: CACB) for Bank of the Cascades, a community banking franchise founded in 1977 in Bend, Oregon, serving retail and commercial customers across the Pacific Northwest.

What Cascade Bancorp does

Cascade Bancorp is the bank holding company for Bank of the Cascades, a community banking franchise founded in 1977 and headquartered in Bend, Oregon. The company operates as a publicly traded entity on NASDAQ under the ticker CACB and is described in firmographic data as a for-profit company with 501-1000 employees, serving retail and commercial banking customers across the Pacific Northwest. The Bank of the Cascades subsidiary provides insured deposit products, lending, and standard community banking services, with a leadership team that includes a CEO (Terry E. Zink), CFO (Gregory D. Newton), General Counsel (Andrew J. Gerlicher), Chief Administrative Officer (Peggy L. Biss), and a Director of Distribution Strategies (Debbie C. Amerongen).

Cascade Bancorp's strategic activity includes a 2010 recapitalization of $177 million led by Leonard Green & Partners, Lightyear Capital, and W.L. Ross & Co., and a 2016 acquisition of Prime Pacific Bank that expanded the Pacific Northwest footprint. The company's web domain (botc.com) currently redirects to First Interstate Bank, indicating a subsequent combination or brand consolidation under First Interstate BancSystem, which materially expands the effective distribution and customer base across the western United States.

The underlying technology stack, product set, pricing model, customer segments, and revenue mechanics are not disclosed in the source data. As a community bank holding company, the revenue model is implicitly driven by net interest income from the loan portfolio, fee income from deposit and treasury management services, and other non-interest income typical of FDIC-insured institutions of this scale. No AI/ML capabilities, proprietary technology platforms, or differentiated product features are evidenced in the supplied material.

Cascade Bancorp firmographics

Firmographics
Name
Cascade Bancorp
Website
https://www.botc.com/
Company type
Private
Founded year
1977
Headcount range
501–1,000 employees
Short description
Cascade Bancorp is the publicly traded bank holding company (NASDAQ: CACB) for Bank of the Cascades, a community banking franchise founded in 1977 in Bend, Oregon, serving retail and commercial customers across the Pacific Northwest.
Ownership category
akta.pro rank

Where Cascade Bancorp is headquartered

Location

Headquarters

HQ city
Bend
HQ country
United States
HQ region
North America

Markets served

Cascade Bancorp business model

Business model
GTM type
B2B and B2C
Offering type
Services
Cost components
Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales

Cascade Bancorp product offering

Product offering

Core offering

Cascade Bancorp operates as the bank holding company for Bank of the Cascades, providing traditional community banking services including deposit accounts, commercial and consumer lending, and related financial services to customers primarily in the Pacific Northwest region. The company is publicly traded on NASDAQ under the ticker CACB and is headquartered in Bend, Oregon.

Differentiator

Problem solved

Functional benefit

Products and services

  • Bank of the Cascades (subsidiary banking franchise) Bank of the Cascades is the operating community bank subsidiary of Cascade Bancorp, providing personal and business deposit accounts, commercial and consumer lending, and digital banking services across the Pacific Northwest.

Companies that use Cascade Bancorp

Customer profile

Ideal customer profiles2 records

Cascade Bancorp technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Cascade Bancorp partnerships and signals

Strategic signal

Recent moves3 records

Expansion highlights3 records

Cascade Bancorp competitors and assessment

Company assessment

Direct peers

  • Heritage Financial Corporation: Olympia, Washington-based bank holding company for Heritage Bank serving the Pacific Northwest. Overlaps with Cascade Bancorp in geography, community banking focus, and public-market peer set.
  • Pacific Premier Bancorp: Irvine, California-based bank holding company with a community and business banking model built through serial acquisitions. Comparable to Cascade Bancorp in mid-tier community bank scale and M&A-driven growth strategy.
  • Umpqua Holdings Corporation: Pacific Northwest-headquartered bank holding company operating a community and commercial banking franchise across Oregon, Washington, and Northern California. Directly comparable to Cascade Bancorp in geography, customer mix, and community-bank scale.
  • First Bancorp: Southern Pines, North Carolina-based bank holding company operating a community banking franchise. Comparable to Cascade Bancorp as a public, mid-tier community bank holding company with similar employee scale.
  • Glacier Bancorp: Multi-state community bank holding company headquartered in the Western U.S., similar in size and decentralized community banking strategy. Comparable to Cascade Bancorp in holding-company structure and bank subsidiary model.
  • Columbia Banking System: Tacoma-based bank holding company serving the Pacific Northwest with a community banking model. Closely comparable to Cascade Bancorp in regional focus, deposit gathering, and small-to-mid commercial banking orientation.
  • Banner Corporation: Walla Walla, Washington-based bank holding company operating community banks in the Pacific Northwest and Western U.S. Directly comparable to Cascade Bancorp in geographic footprint and community-bank holding company structure.
  • CVB Financial Corp. Ontario, California-based bank holding company for Citizens Business Bank, focused on community and commercial banking. Comparable to Cascade Bancorp in public mid-tier bank holding company profile and community banking model.
  • HomeStreet Inc. Seattle-headquartered bank holding company with mortgage and community banking operations across the Pacific Northwest. Comparable to Cascade Bancorp in regional footprint and community-bank positioning.

Broad incumbents

  • Bank OZK: Little Rock, Arkansas-based larger community and commercial bank with national real estate specialty finance operations. Comparable to Cascade Bancorp as a public community-bank holding company, though materially larger and more geographically diversified.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

Cascade Bancorp social profiles

Digital presence

Cascade Bancorp financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Cascade Bancorp leadership team

Management profile

Number of profiles

Profiles5 records

Cascade Bancorp funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

Cascade Bancorp M&A and investment

M&A and investment

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cascade Bancorp

What does Cascade Bancorp do?

Cascade Bancorp operates as the bank holding company for Bank of the Cascades, providing traditional community banking services including deposit accounts, commercial and consumer lending, and related financial services to customers primarily in the Pacific Northwest region. The company is publicly traded on NASDAQ under the ticker CACB and is headquartered in Bend, Oregon.

When was Cascade Bancorp founded?

Cascade Bancorp was founded in 1977. It employs 501 to 1,000 people.

Where is Cascade Bancorp based?

Cascade Bancorp is headquartered in Bend, United States, in the North America region.

Who are Cascade Bancorp's main competitors?

Direct peers on record are Heritage Financial Corporation, Pacific Premier Bancorp, Umpqua Holdings Corporation, First Bancorp, Glacier Bancorp, Columbia Banking System, Banner Corporation, CVB Financial Corp. and HomeStreet Inc.. Bank OZK is listed as a broad incumbent.

Does Cascade Bancorp have an API?

No public API is recorded for Cascade Bancorp.

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Live signals
PR NewswireShareholders Approve Merger of Cascade Bancorp with and into First Interstate BancSystem, Inc.Shareholders of Cascade Bancorp and First Interstate BancSystem approved the proposed merger of Cascade with and into First Interstate at their respective meetings on May 24, 2017. The merger is expected to close on May 30, 2017, subject to satisfaction of customary closing conditions, with final voting results to be disclosed in Form 8-K filings with the SEC. The combined entity will bring together Cascade's 46 Pacific Northwest branches with First Interstate's 80 offices across Montana, Wyoming, and South Dakota.PR NewswireCascade Bancorp Reports First Quarter 2017 Earnings Per Share Of $0.09 With Strong Loan Growth And An Eight Basis Point Improvement In Net Interest MarginCascade Bancorp reported Q1 2017 earnings of $6.8 million, or $0.09 per share, compared to $5.9 million in the prior quarter, driven by strong organic loan growth of 7.3% annualized and an 8 basis point improvement in net interest margin to 3.63%. The company also provided an update on its pending merger with First Interstate BancSystem, noting all regulatory approvals have been received and shareholder votes are scheduled for May 24, 2017, with the combined entity projected to become a $12 billion asset regional community bank.PR NewswireCascade Bancorp Reports Fourth Quarter 2016 Earnings Per Share Of $0.08 Driven By Robust Revenue And Loan GrowthCascade Bancorp reported fourth quarter 2016 net income of $5.9 million ($0.08 per share), up 44% from the linked quarter, driven by 14.4% annualized organic loan growth and an improved net interest margin of 3.55%. The company also provided an update on its pending merger with First Interstate BancSystem, Inc., valued at approximately $589 million and expected to close in mid-2017, pending regulatory and shareholder approvals. For full year 2016, net income was $16.8 million ($0.23 per share) compared to $20.6 million ($0.29 per share) in 2015, with the year-over-year decline attributed to $4.9 million in M&A expenses related to the First Interstate merger as well as the completed acquisitions of Bank of America branches ($469.9 million in deposits) and Prime Pacific Financial Services, Inc.PR NewswireCascade Bancorp Acquisition May Not Be in the Best Interests of CACB ShareholdersWeissLaw LLP announced an investigation into Cascade Bancorp's Board of Directors for potential breaches of fiduciary duty in connection with the proposed acquisition of the Company by First Interstate BancSystem Inc. The $589 million cash-and-stock deal, announced November 17, 2016, would give CACB shareholders only 20% ownership of the combined entity despite CACB recently reporting strong Q3 2016 financial results including double-digit revenue and loan growth. WeissLaw is examining whether the board acted to maximize shareholder value given the Company's positive performance and FIBK CFO's estimate of 10% annual EPS accretion.PR NewswireFirst Interstate BancSystem, Inc. Expands into Growth Markets in the Northwest with Acquisition of Cascade BancorpFirst Interstate BancSystem, Inc. announced it will acquire Cascade Bancorp in a cash and stock transaction valued at approximately $589 million, or $7.60 per share. The transaction creates a regional banking franchise extending from the Mountain West to the Pacific Northwest, giving First Interstate presence in high-growth markets including Bend, Oregon and Boise, Idaho, with combined assets of approximately $12.1 billion. The boards of both companies have unanimously approved the deal, which is expected to close in mid-2017 pending regulatory and shareholder approvals.PR NewswireCascade Bancorp Reports Third Quarter 2016 Earnings Per Share Of $0.06 Driven By Double-Digit Revenue And Loan GrowthCascade Bancorp reported Q3 2016 earnings of $0.06 per share with net income of $4.1 million, driven by 7.1% quarter-over-quarter growth in net interest income to $23.8 million and double-digit loan and deposit growth. The quarter included $2.6 million in non-recurring expenses primarily related to the acquisition of Prime Pacific Financial Services, Inc. (PPFS), which closed on August 1, 2016. Gross loans reached $2.1 billion, up 8.4% from the linked quarter, with organic loan growth of 18.0% annualized excluding PPFS, while total deposits grew to $2.7 billion.PR NewswireCascade Bancorp To Release Third Quarter 2016 Earnings On Wednesday, October 26, 2016Cascade Bancorp, the holding company for Bank of the Cascades, announced it will release its third quarter 2016 earnings after market close on Wednesday, October 26, 2016. The company will host a conference call and webcast the same day at 2:00 p.m. Pacific Time, with CEO Terry E. Zink, CFO Gregory Newton, and President/COO Charles Reeves discussing results and recent activities. Bank of the Cascades operates 50 branches across Oregon, Idaho, and Washington in the Pacific Northwest.PR NewswireCascade Bancorp Completes Acquisition of Prime Pacific Financial ServicesCascade Bancorp has completed its acquisition of Prime Pacific Financial Services, the holding company for Prime Pacific Bank, which held approximately $122.9 million in assets as of June 30, 2016. This transaction expands Bank of the Cascades' presence into Washington markets including Lynnwood, Kenmore, and Mill Creek through three new branches. The deal marks Cascade's third acquisition in two years, supporting its strategic goal to grow assets to $5 billion.PR NewswireCascade Bancorp to Present at the KBW Community Bank ConferenceCascade Bancorp announced that President and COO Charles Reeves and Chief Accounting Officer Patrick Hartman will present at the KBW Community Bank Conference in New York on August 2, 2016. The presentation is scheduled for 3:00 p.m. Eastern Time and will be webcast live on the company's investor relations website. Cascade Bancorp is the holding company for Bank of the Cascades, a community bank operating 48 branches across Oregon, Idaho, and Washington in the Pacific Northwest.PR NewswireCascade Bancorp Reports Second Quarter 2016 Earnings Per Share Of $0.07 Driven By Double-Digit Revenue And Loan GrowthCascade Bancorp reported Q2 2016 net income of $4.8 million ($0.07 per share), more than doubling from $1.9 million in Q1 2016, driven by its acquisition of 15 Bank of America branches closed in March 2016. Non-interest income rose 42.4% to $7.8 million and organic loan growth reached 20.6% annualized, while the company retained 97.8% of the $469.9 million in assumed deposits. The company also announced the pending acquisition of Prime Pacific Financial (a $123 million asset bank) expected to close in August 2016, expanding its presence in the Greater Seattle market.