Cascade Bancorp Announces $.09 Per Share First Quarter Cash Dividend

Apr 23, 2001, 01:00 ET from Cascade Bancorp

    BEND, Ore., April 23 /PRNewswire Interactive News Release/ -- The Board of
 Director's of Cascade Bancorp (Nasdaq: CACB) approved payment of a $.09 per
 share first quarter cash dividend.  This regular dividend is payable on
 May 11, 2001 to shareholders of record as of May 4, 2001.
     "Cascade Bancorp is in its sixth year with return on shareholders' equity
 in excess of 20%," stated Patricia Moss, President and CEO of Cascade Bancorp.
 "At the same time we are pleased to continue to reward our loyal shareholder
 with a solid dividend return."
     Cascade Bancorp is an Oregon state chartered Financial Holding Company,
 with Bank of the Cascades as its principal subsidiary.  Founded in 1976, Bank
 of the Cascades offers full service community banking including trust and
 investment services.  The Bank has a total of eleven branches, with nine
 throughout Central Oregon, and two in the Salem/Keizer area.  For further
 information on the Company or to access Internet banking, please visit our
 award winning web site at http://www.botc.com.
 
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SOURCE Cascade Bancorp
    BEND, Ore., April 23 /PRNewswire Interactive News Release/ -- The Board of
 Director's of Cascade Bancorp (Nasdaq: CACB) approved payment of a $.09 per
 share first quarter cash dividend.  This regular dividend is payable on
 May 11, 2001 to shareholders of record as of May 4, 2001.
     "Cascade Bancorp is in its sixth year with return on shareholders' equity
 in excess of 20%," stated Patricia Moss, President and CEO of Cascade Bancorp.
 "At the same time we are pleased to continue to reward our loyal shareholder
 with a solid dividend return."
     Cascade Bancorp is an Oregon state chartered Financial Holding Company,
 with Bank of the Cascades as its principal subsidiary.  Founded in 1976, Bank
 of the Cascades offers full service community banking including trust and
 investment services.  The Bank has a total of eleven branches, with nine
 throughout Central Oregon, and two in the Salem/Keizer area.  For further
 information on the Company or to access Internet banking, please visit our
 award winning web site at http://www.botc.com.
 
                      MAKE YOUR OPINION COUNT - Click Here
                http://tbutton.prnewswire.com/prn/11690X20682613
 
 SOURCE  Cascade Bancorp