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Archive Home > 2009 > January > 30 > Cascade Bancorp posts loss of $24.2M

Cascade Bancorp posts loss of $24.2M

By Jeff McDonald / The Bulletin
January 30, 2009

Bend-based Cascade Bancorp Inc., parent company of Bank of the Cascades, reported Thursday that it lost $24.2 million in the fourth quarter.

It was the company’s first quarterly loss since the early 1980s, according to President and CEO Patricia Moss, who says the bank maintains strong....

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