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Archive Home > 2008 > February > 22 > Cascade Bancorp adds to loan-loss reserves

Cascade Bancorp adds to loan-loss reserves

By David Fisher / The Bulletin
February 22, 2008

Bend-based Cascade Bancorp, responding to a deepening downdraft in the residential development industry, announced Thursday that it needs to tuck another $8.1 million into its reserves to cover potential loan losses.

The move more than doubled the earlier $7.5 million figure that the bank....

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