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Archive Home > 2009 > March > 14 > Cascade Bancorp restates earnings

Cascade Bancorp restates earnings

By Jeff McDonald / The Bulletin
March 14, 2009

Cascade Bancorp restated its 2008 earnings Friday, reporting that it took a $105 million accounting write-down in the fourth quarter.

The Bend-based bank, which is the parent company of Bank of the Cascades, posted a noncash goodwill impairment charge of $105 million. Goodwill impairment is a....

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