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Archive Home > 2009 > October > 29 > Fed weighs in on Cascade Bancorp

Fed weighs in on Cascade Bancorp


October 29, 2009

The Federal Reserve announced Wednesday it has entered into an agreement with Cascade Bancorp, the Bend-based parent of the Bank of the Cascades, that requires the company to take certain steps “to maintain financial soundness.”

The agreement, which calls for the suspension of dividend payments....

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