Jul 06,2006 00:00
Bend Weekly News Sources
Cascade Bancorp was ranked #16 in the annual Seattle Times Northwest 100 ranking. Cascade Bancorp is the highest ranking bank in the Top 100. The annual ranking of successful companies by The Seattle Times newspaper includes all publicly held companies of Washington, Oregon and Idaho.
The Seattle Times NW 100 is designed to measure performance over a two- year period. The proprietary ranking system considers Return on Equity, Sales per Employee, Stock Price Appreciation and Operating Income over time. The intention of the ranking is to look at what drives success and jobs. A total of 126 companies qualified for this year's ranking.
This year's #16 ranking of Cascade Bancorp compares favorably to the #40 ranking the Company received last year. Patricia L. Moss, President and CEO of Cascade Bancorp commented, "We are sincerely honored to be named among the top publicly traded companies in the Northwest." She continued, "The success and growth experienced by Cascade Bancorp is a direct result of a growing customer base who values the advantages of relationship banking. Our team of highly dedicated and skilled bankers is truly committed to delivering the best in banking for the financial well-being of both customers and shareholders."
Cascade Bancorp is the bank holding company for its principal subsidiary, Bank of the Cascades. Headquartered in Bend, Oregon, Bank of the Cascades focuses on delivering personalized relationship banking, competitive financial products, and advanced technology applied for the convenience of customers. Founded in 1977, Bank of the Cascades offers full-service community banking through now 32 branches in Central Oregon, Southern Oregon, Portland/Salem and Boise/Treasure Valley. The Bank has been rated among the top performing banks in the nation for the eighth consecutive year by Independent Community Bankers of America, as well as in rankings by US Banker Magazine. In addition to the Seattle Times ranking, the Bank was among the top 20 "Best Companies to Work For" in the March 2006 Oregon Business Magazine. For further information on the Company, please visit http://www.botc.com/