Cascade Bancorp

Bank of the Cascades is the principal subsidiary of Cascade Bancorp (NASDAQ: CACB).{{cite web|url=http://www.nasdaq.com/symbol/cacb|title=NASDAQ: Cascade Bancorp Common Stock Quote|last=|first=|date=|website=|publisher=|access-date=}} Headquartered in Bend, Oregon, it was founded in 1977.{{cite web|title=Cascade Bancorp Company Profile - Portland Business Journal|url=http://companies.bizjournals.com/profile/cascade-bancorp/200212/?mkt=portland|website=Company Profiles|publisher=Portland Business Journal|accessdate=18 November 2016}} It co-sponsored the Bank of the Cascades Center, a 4,000-seat arena in Redmond, Oregon. It announced in 2016 it would be acquired by First Interstate BancSystem of Montana for $589 million.{{cite news|last1=Kish|first1=Matthew|title=Oregon's second-largest bank (NSADAQ: CACB) to be sold for $589 million - Portland Business Journal|url=http://www.bizjournals.com/portland/news/2016/11/17/oregons-second-largest-bank-to-be-sold-for-589.html|accessdate=18 November 2016|work=Portland Business Journal|date=November 17, 2016}} The acquisition was completed May 30, 2017.{{cite web|title=First Interstate Bank Completes Acquisition of Cascade Bancorp|url=https://www.firstinterstatebank.com/company/news/329/first-interstate-bancsystem-inc-completes-acquisition-of-cascade-bancorp}}