Cascade Bancorp (Oregon) Files Registration Statement With Securities and Exchange Commission

• Press Release
• Source: Cascade Bancorp
• On 9:00 am EDT, Thursday October 8, 2009

BEND, Ore., Oct. 8 /PRNewswire-FirstCall/ -- Cascade Bancorp , (the "Company") (Nasdaq: CACB - News) announced today that a registration statement on Form S-1 had been filed with the Securities and Exchange Commission (the "SEC") pursuant to which it intends to sell up to $70,000,000 of its common stock. The Company intends to use the net proceeds from the offering to provide funds to its wholly-owned subsidiary, Bank of the Cascades, to support its regulatory capital needs and growth and to use the remainder for general working capital purposes.

The registration statement has been filed with the SEC but has not yet become effective. The securities may not be sold, nor may offers to buy be accepted prior to the time the registration statement becomes effective.

The Company's common stock is listed on the Nasdaq Capital Market under the symbol "CACB." Keefe, Bruyette & Woods will act as sole book runner and Fox-Pitt Kelton Cochran Caronia Waller will act as co-manager for the proposed offering. A copy of the prospectus relating to this offering, when available, may be obtained from Keefe Bruyette & Woods, Equity Capital Markets, 787 Seventh Avenue, Fourth Floor, New York, NY 10019, (800) 966-1559.

Cascade Bancorp (NASDAQ: CACB - News), headquartered in Bend, Oregon and its wholly-owned subsidiary, Bank of the Cascades, operates in Oregon and Idaho markets. Founded in 1977, Bank of the Cascades offers full-service community banking through 32 branches in Central Oregon, Southern Oregon, Portland/Salem and Boise/Treasure Valley.

FORWARD LOOKING STATEMENTS

This press release contains forward-looking statements about Cascade Bancorp's plans, including with respect to the registration statement, intended offering and use of proceeds. Readers can sometimes identify forward-looking statements by the use of prospective language and context, including words like "may", "will", "should", "expect", "anticipate", "estimate", "continue", "plans", "intends", or other similar terminology. Because forward-looking statements are, in part, an attempt to project future events and explain management's current plans and expectations, they are subject to various risks and uncertainties that could cause our actions and our financial and operational results to differ materially from those set forth in such statements. These risks and uncertainties include, without limitation, our ability to increase our regulatory capital to required levels and to maintain those levels during the pendency of the regulatory order; our eligibility to participate, and decisions about whether we will participate, in current and future capital assistance and troubled-asset relief programs; our ability to estimate accurately the potential for losses inherent in our loan portfolio; our sensitivity to local and regional economic and other factors that affect the collectability of our loans and the value of collateral underlying our secured loans; our ability to satisfy the terms and conditions of the regulatory order and to satisfy applicable banking laws and regulations; our ability to maintain a satisfactory and economically viable net interest margin during times of rapidly and significantly fluctuating interest rates; and our ability to attract and retain qualified, effective management. Some of the other, risks and uncertainties that we have in the past, or that we may from time to time in the future, detail in our filings with the Securities and Exchange Commission ("SEC"). Information presented in this report is accurate as of the date the report was filed with the SEC, and we cannot undertake to update our forward looking statements or the factors that may cause us to deviate from them, except as required by law.

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