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Archive Home > 2009 > October > 30 > Bank of the Cascades seeks to raise $150M

Bank of the Cascades seeks to raise $150M

By Andrew Moore / The Bulletin
October 30, 2009

Cascade Bancorp, shortly after reporting a $12.6 million loss in its third quarter that ended Sept. 30, announced Thursday it has entered into agreements with its largest investor and a New York City-based hedge fund to raise $150 million in a public and private stock offering to recapitalize....

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