Feb 02,2007 00:00
Bend Weekly News Sources
The Board of Directors of Cascade Bancorp approved payment of a $.09 per share quarterly cash dividend. This regular dividend is payable on February 20, 2007, to shareholders of record as of February 12, 2007.
"The Company announced its fourth quarter and full year 2006 financial results reflecting another outstanding year. "The impact of the successful F&M merger has made 2006 a milestone year for Cascade Bancorp. We have achieved our strategic aim of building a high-performance franchise that is uniquely positioned in some of the fastest growing markets in the entire nation," said Patricia L. Moss, President and CEO. Accordingly, directors are pleased to continue a solid dividend return to our shareholders," stated Patricia L. Moss, President and CEO of Cascade Bancorp.