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Archive Home > 2010 > November > 23 > Bank implements reverse stock split

Bank implements reverse stock split


November 23, 2010

A 1-for-10 reverse stock split for shares of Bend-based Cascade Bancorp, parent company of Bank of the Cascades, took effect Monday, with shares closing at $6.44 in Nasdaq trading. The shares are temporarily trading under a new symbol, CACBD.

The primary reason for the reverse split, in which....

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