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	<title>SEDCOR.COM</title>
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	<link>http://www.sedcor.com</link>
	<description>sedcor</description>
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		<title>2012 Annual Honors Luncheon &#8211; Thursday, June 7, 2012</title>
		<link>http://www.sedcor.com/news-and-events/sedcor-events/honors-luncheons/2012-annual-honors-luncheon-thursday-june-7-2012/</link>
		<comments>http://www.sedcor.com/news-and-events/sedcor-events/honors-luncheons/2012-annual-honors-luncheon-thursday-june-7-2012/#comments</comments>
		<pubDate>Tue, 15 May 2012 01:23:57 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Honors Luncheons]]></category>
		<category><![CDATA[SEDCOR Events]]></category>

		<guid isPermaLink="false">http://www.sedcor.com/?p=3913</guid>
		<description><![CDATA[SEDCOR Honors Luncheon Recognizing the Outstanding Work of Our Members Title Sponsors Save the Date Date: Thursday, June 7, 2012 Time: Noon until 1:45 pm Place: Salem Conference Center &#8211; Willamette River Room 200 Commercial Street SE, Salem OR Awards &#8230; <a href="http://www.sedcor.com/news-and-events/sedcor-events/honors-luncheons/2012-annual-honors-luncheon-thursday-june-7-2012/" class="read-more">read more &#187;</a>]]></description>
			<content:encoded><![CDATA[<h4>SEDCOR Honors Luncheon<br />
<span style="font-size: 16px;">Recognizing the Outstanding Work of Our Members</span></h4>
<p><strong>Title Sponsors</strong></p>
<table>
<tbody>
<tr>
<td><img class="alignnone size-full wp-image-1303" title="Bank Of The Cascades logo" src="http://www.sedcor.com/wp-content/uploads/BOTClogo.jpg" alt="" width="144" height="42" /></td>
<td><img class="alignnone size-medium wp-image-3918" title="Willamette University Logo" src="http://www.sedcor.com/wp-content/uploads/2012/04/WU_MBA_New-300x59.jpg" alt="" width="300" height="59" /></td>
</tr>
</tbody>
</table>
<h4>Save the Date</h4>
<p><strong>Date:</strong> Thursday, June 7, 2012<br />
<strong>Time:</strong> Noon until 1:45 pm<br />
<strong>Place:</strong> <a href="http://mapq.st/Jrxzko" target="_blank">Salem Conference Center</a> &#8211; Willamette River Room<br />
200 Commercial Street SE, Salem OR</p>
<p>Awards of Honor recognizing Agri-Business, Community Service, Business Partner, Innovative Product, Outstanding Energy Efficiency Project and Manufacturer of the Year.</p>
<p>Introduction of 2012-2013 SEDCOR Board of Directors and Officers</p>
<p>Invitations will be mailed out early in May, 2012.</p>
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		<title>Construction Industry &#8211; Education &amp; Training Scholarship Fund</title>
		<link>http://www.sedcor.com/news-and-events/construction-industry-education-training-scholarship-fund/</link>
		<comments>http://www.sedcor.com/news-and-events/construction-industry-education-training-scholarship-fund/#comments</comments>
		<pubDate>Tue, 15 May 2012 01:00:40 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Events]]></category>
		<category><![CDATA[Member News]]></category>
		<category><![CDATA[News and Events]]></category>

		<guid isPermaLink="false">http://www.sedcor.com/?p=4075</guid>
		<description><![CDATA[Announcing a new education &#38; training scholarship fund devoted exclusively to Disadvantaged/Minority/Women-Owned/Emerging Small Businesses (DMWESB) in the construction industry! DMWESB Firms &#38; Employees Training Scholarships NOW AVAILABLE! Who Qualifies? Any owner or employee of a firm registered in Oregon or SW &#8230; <a href="http://www.sedcor.com/news-and-events/construction-industry-education-training-scholarship-fund/" class="read-more">read more &#187;</a>]]></description>
			<content:encoded><![CDATA[<p>Announcing a new education &amp; training scholarship fund devoted exclusively to Disadvantaged/Minority/Women-Owned/Emerging Small Businesses (DMWESB) in the construction industry!</p>
<p>DMWESB Firms &amp; Employees Training Scholarships NOW AVAILABLE!</p>
<p><strong>Who Qualifies?</strong><br />
Any owner or employee of a firm registered in Oregon or SW Washington as an “DMWESB” Firm</p>
<p><strong>What Programs/Courses Qualify?</strong><br />
All NWCOC classes qualify! Choose from a long list of educational programs &#8211; craft, technical, safety, supervisory, project management and more!</p>
<p><strong>How much is the scholarship?</strong><br />
50% off the total cost of any program offered by NWCOC (that includes tuition, lab/shop fees,textbooks and registration)</p>
<p><strong>What is the Maximum Funding that any Firm Can Obtain Per School Year</strong><br />
<strong> (July 1 – June 30)?  </strong>Up to $2500.</p>
<h4>Apply Now! It’s easy:</h4>
<p>1. Get an application [<a href="http://www.sedcor.com/wp-content/uploads/2012/05/DMWESB-Scholarship.pdf" target="_blank">click here</a> to download], contact us at 503-256-7300 or <a href="mailto:DMWESB-Scholarship@nwcoc.com/">email</a> )</p>
<p>2. Select your classes. Visit <a href="http://www.nwcoc.com" target="_blank">www.nwcoc.com</a> to see what’s offered and when - then enter your selections on the application.</p>
<p>3. Submit the application to the Northwest College of Construction.<br />
Email: <a href="mailto:DMWESB-Scholarship@nwcoc.com">DMWESB-Scholarship@nwcoc.com</a><br />
FAX: 503-252-9560</p>
<p><strong>MAIL:</strong><br />
NWCOC<br />
Attn: DMWESB Scholarship Fund<br />
8111 NE Holman St.<br />
Portland, OR 97218</p>
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		<title>Steve Nass Joins Willamette Valley Bank’s Commercial Loan Team</title>
		<link>http://www.sedcor.com/news-and-events/news/steve-nass-joins-willamette-valley-bank%e2%80%99s-commercial-loan-team-2/</link>
		<comments>http://www.sedcor.com/news-and-events/news/steve-nass-joins-willamette-valley-bank%e2%80%99s-commercial-loan-team-2/#comments</comments>
		<pubDate>Mon, 14 May 2012 17:55:03 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Member News]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[News and Events]]></category>

		<guid isPermaLink="false">http://www.sedcor.com/?p=3964</guid>
		<description><![CDATA[Steve Nass has joined Willamette Valley Bank as Vice President and Commercial Loan Officer. Steve has worked in the Salem area banking community for more than ten years. For the past five years Steve has specialized in Commercial Lending. “Steve &#8230; <a href="http://www.sedcor.com/news-and-events/news/steve-nass-joins-willamette-valley-bank%e2%80%99s-commercial-loan-team-2/" class="read-more">read more &#187;</a>]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.sedcor.com/wp-content/uploads/2012/04/wvb-logo-cmyk.jpg"><img class="alignright size-medium wp-image-3840" title="wvb-logo-cmyk" src="http://www.sedcor.com/wp-content/uploads/2012/04/wvb-logo-cmyk-300x88.jpg" alt="Willamette Valley Bank" width="210" height="62" /></a></p>
<p><strong>Steve Nass</strong> has joined Willamette Valley Bank as Vice President and Commercial Loan Officer. Steve has worked in the Salem area banking community for more than ten years. For the past five years Steve has specialized in Commercial Lending.</p>
<p>“Steve Nass brings a great energy to Willamette Valley Bank with his active community involvement and we are thrilled to have him join us.” said <strong>Neil Grossnicklaus</strong>, President and Chief Executive Officer.</p>
<p>Steve was born and raised in Salem, graduating from South Salem High School and earning a degree from Willamette University. He enjoys outdoor activities with his wife and daughter as well as playing golf and baseball. Steve is an active member of Downtown Salem Rotary and is a volunteer for Make-A-Wish Foundation of Oregon.</p>
<hr />
<p>Oregon Bancorp Inc is the parent company of Willamette Valley Bank, a community bank headquartered in Salem, Oregon. The Bank operates full-service Oregon branches in Salem, Keizer, Silverton, and Albany. The Bank also operates Home Loan Centers in Lake Oswego, West Linn, Hillsboro, Newberg, McMinnville, South Salem, Corvallis, Eugene, Bend, and Medford, Oregon and Washington locations in Everett and Vancouver.</p>
<hr />
<p>For additional information contact:</p>
<p>Contact: Lisa Schrunk<br />
Willamette Valley Bank<br />
503-485-2222</p>
<p><a href="http://www.wvb.com" target="_blank">www.wvb.com</a></p>
<p>&nbsp;</p>
<p>&nbsp;</p>
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		<title>SCE 36th Annual Golf Tournament</title>
		<link>http://www.sedcor.com/news-and-events/sce-36th-annual-golf-tournament/</link>
		<comments>http://www.sedcor.com/news-and-events/sce-36th-annual-golf-tournament/#comments</comments>
		<pubDate>Tue, 08 May 2012 23:22:28 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Events]]></category>
		<category><![CDATA[News and Events]]></category>
		<category><![CDATA[SEDCOR Member Events and Workshops]]></category>

		<guid isPermaLink="false">http://www.sedcor.com/?p=4080</guid>
		<description><![CDATA[Date: Friday June 8, 2012 Registration: 12:00 P.M. Salem Golf Course &#8211; Four Man Scramble Sign Up Now! Event is limited to 120 Players. Price $90 per person Includes 18 holes of golf, food, 2 drink tickets and golf cart. String Contest &#8230; <a href="http://www.sedcor.com/news-and-events/sce-36th-annual-golf-tournament/" class="read-more">read more &#187;</a>]]></description>
			<content:encoded><![CDATA[<p>Date: Friday June 8, 2012<br />
Registration: 12:00 P.M.<br />
Salem Golf Course &#8211; Four Man Scramble</p>
<p><strong>Sign Up Now! Event is limited to 120 Players.</strong></p>
<p>Price $90 per person<br />
Includes 18 holes of golf, food, 2 drink tickets and golf cart.<br />
String Contest sponsored by NAWIC<br />
Prizes &amp; Awards</p>
<p>Grand Prize K.P. on the 15th Hole&#8230;Win $500.00<br />
Sponsored by Donofrio’s Skyline Ford</p>
<p>Contact:<br />
Ryan Walsh 503-383-5980<br />
Brooks Gladow 503-581-1536<br />
Kay Evans 503-362-7957 ext. 301</p>
]]></content:encoded>
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		<title>International Road Show &#8211; World Trade Week</title>
		<link>http://www.sedcor.com/news-and-events/international-road-show-world-trade-week/</link>
		<comments>http://www.sedcor.com/news-and-events/international-road-show-world-trade-week/#comments</comments>
		<pubDate>Tue, 08 May 2012 22:35:39 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Events]]></category>
		<category><![CDATA[News and Events]]></category>
		<category><![CDATA[SEDCOR Member Events and Workshops]]></category>

		<guid isPermaLink="false">http://www.sedcor.com/?p=4065</guid>
		<description><![CDATA[May 14 &#8211; 18, 2012 &#8211; Business Oregon (OBDD), along with local partners, will host an International Road Show in Portland, Bend, Eugene, and Medford May 14-18, 2012. The International Road Show is an excellent opportunity for Oregon’s small– and medium–sized enterprises exporting goods and services &#8230; <a href="http://www.sedcor.com/news-and-events/international-road-show-world-trade-week/" class="read-more">read more &#187;</a>]]></description>
			<content:encoded><![CDATA[<p>May 14 &#8211; 18, 2012 &#8211; Business Oregon (OBDD), along with local partners, will host an International Road Show in Portland, Bend, Eugene, and Medford May 14-18, 2012.</p>
<p>The International Road Show is an excellent opportunity for Oregon’s small– and medium–sized enterprises exporting goods and services to learn about assistance from state, local and federal government agencies designed to help Oregon companies tap into foreign markets.</p>
<p style="color: #444444; font-family: Georgia, 'Bitstream Charter', serif; line-height: 1.5; font-size: 16px; margin-bottom: 24px;">Discussions or activities may include (see schedule and locations):</p>
<ul>
<li>Meetings and/or presentations on the European Union, Greater China (including PRC, Hong Kong, Macau, and Taiwan), Japan, and Korea</li>
<li>Developing and expanding your products and services in major overseas markets; opportunities for sales and distribution</li>
<li>Meetings with government representatives and state trade officials</li>
</ul>
<p>Take advantage of this opportunity to expand your company’s knowledge of key markets and learn about assistance available to diversify your company’s exports.</p>
<p>RSVP required for all events, visit Web site for details:<br />
<a href="http://www.oregon4biz.com/tradeweek" target="_blank">www.oregon4biz.com/tradeweek</a></p>
]]></content:encoded>
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		<title>Exploring Exporting Seminar &#8211; May 14th &#8211; Portland World Trade Week</title>
		<link>http://www.sedcor.com/news-and-events/exploring-exporting-seminar-may-14th-portland-world-trade-week/</link>
		<comments>http://www.sedcor.com/news-and-events/exploring-exporting-seminar-may-14th-portland-world-trade-week/#comments</comments>
		<pubDate>Tue, 08 May 2012 17:30:38 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Events]]></category>
		<category><![CDATA[News and Events]]></category>
		<category><![CDATA[SEDCOR Member Events and Workshops]]></category>

		<guid isPermaLink="false">http://www.sedcor.com/?p=4062</guid>
		<description><![CDATA[The Oregon Dept. of Agriculture is co-hosting a food and agriculture focused seminar to kick off World Trade Week. Topics will include world market updates, finance, logistics, grant resources, and an industry panel followed by a Q&#38;A session with experienced &#8230; <a href="http://www.sedcor.com/news-and-events/exploring-exporting-seminar-may-14th-portland-world-trade-week/" class="read-more">read more &#187;</a>]]></description>
			<content:encoded><![CDATA[<p>The Oregon Dept. of Agriculture is co-hosting a food and agriculture focused seminar to kick off World Trade Week.</p>
<p>Topics will include world market updates, finance, logistics, grant resources, and an industry panel followed by a Q&amp;A session with experienced exporters of food and agricultural products.</p>
<p>Full agenda and registration <a href="http://www.wusata.org/AM/files/OR_RegistrationForm_Agenda(2).pdf" target="_blank">details here</a> &#8211; <strong>Registration deadline May 8th!</strong></p>
<p>For more information please contact Patrick Mayer or Amanda Welker at Oregon Dept. of Agriculture. 503.872.6600.</p>
<p><a href="mailto:pmayer@oda.state.or.us" target="_blank">pmayer@oda.state.or.us</a></p>
<p><a href="mailto:awelker@oda.state.or.us" target="_blank">awelker@oda.state.or.us</a></p>
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		<title>Polk County Bounty Market</title>
		<link>http://www.sedcor.com/news-and-events/polk-county-bounty-market/</link>
		<comments>http://www.sedcor.com/news-and-events/polk-county-bounty-market/#comments</comments>
		<pubDate>Tue, 08 May 2012 17:15:21 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Events]]></category>
		<category><![CDATA[News and Events]]></category>
		<category><![CDATA[SEDCOR Member Events and Workshops]]></category>

		<guid isPermaLink="false">http://www.sedcor.com/?p=4057</guid>
		<description><![CDATA[Our 2012 Season opens on May 3 and will be held through September 26, every Thursday from 2-6 p.m. on the Courthouse lawn. Our goal is to put the culture back in agriculture by keeping it local. Come out and meet our vendors…their &#8230; <a href="http://www.sedcor.com/news-and-events/polk-county-bounty-market/" class="read-more">read more &#187;</a>]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.sedcor.com/wp-content/uploads/2012/05/polk-bounty-logo.jpg"><img class="alignright size-full wp-image-4058" title="polk-bounty-logo" src="http://www.sedcor.com/wp-content/uploads/2012/05/polk-bounty-logo.jpg" alt="" width="200" height="110" /></a>Our 2012 Season opens on May 3 and will be held through September 26, every Thursday from 2-6 p.m. on the Courthouse lawn. Our goal is to put the culture back in agriculture by keeping it local. Come out and meet our vendors…their produce couldn’t be any FRESHER! Picked in the morning and on your table by dinner time! From farm to fork within 12 hours!</p>
<p>What’s new this year: Wine tasting and unopened bottle sales EVERY week! We are excited to announce that the Mid Valley-Wine Trail is on our vendor list this season. The group is a collective of Polk County wineries near the towns of Dallas and Rickreall.</p>
<p><strong>Items expected this year:</strong></p>
<p>Breads, cheese, wine, chocolates, homemade goodies, veggie, plants &amp; bedding starts, fresh fruits &amp; veggies, potted and fresh cut flowers, native plants, free range eggs, dried veggies, fruit &amp; herbs.</p>
<p>Non-food items such as goats’ milk soap, herbal salves, herbal cleaning products, home sewn or knitted items, handmade kitchen &amp; garden accessories, bird houses and MUCH more!!</p>
<p>Visit our website Facebook page weekly for details on which vendors will be there each week as well as what they will be selling.</p>
<p>For more information, contact Bonnie at <a href="mailto:pcb@dallasoregon.org">pcb@dallasoregon.org</a> or call 503.623.8936.</p>
<p>Located at <strong>850 Main Street in Dallas on the Courthouse lawn</strong>.</p>
<p><a href="http://www.dallasoregon.org/market" target="_blank">www.dallasoregon.org/market</a> ~ <a href="http://www.facebook.com/market" target="_blank">www.facebook.com/market</a></p>
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		<title>Memorial Day Open House at Left Coast Cellars</title>
		<link>http://www.sedcor.com/news-and-events/memorial-day-open-house-at-left-coast-cellars/</link>
		<comments>http://www.sedcor.com/news-and-events/memorial-day-open-house-at-left-coast-cellars/#comments</comments>
		<pubDate>Tue, 08 May 2012 17:05:58 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Events]]></category>
		<category><![CDATA[News and Events]]></category>
		<category><![CDATA[SEDCOR Member Events and Workshops]]></category>

		<guid isPermaLink="false">http://www.sedcor.com/?p=4052</guid>
		<description><![CDATA[May 26-27: Celebrate the debut of Left Coast’s 2011 Pinot Gris and 2009 Cali’s Cuvee Pinot Noir at our two-day winery Open House, featuring live jazz music from the Danny Wold Jazz Trio. $10 tasting fee, includes logo glass and &#8230; <a href="http://www.sedcor.com/news-and-events/memorial-day-open-house-at-left-coast-cellars/" class="read-more">read more &#187;</a>]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.sedcor.com/wp-content/uploads/2012/05/left-coast-sign.jpg"><img class="alignright size-large wp-image-4053" title="left-coast-sign" src="http://www.sedcor.com/wp-content/uploads/2012/05/left-coast-sign-1024x718.jpg" alt="Left Coast Cellers" width="384" height="269" /></a>May 26-27: Celebrate the debut of Left Coast’s<strong> 2011 Pinot Gris</strong> and<strong> 2009 Cali’s Cuvee Pinot Noir</strong> at our two-day winery Open House, featuring live jazz music from the Danny Wold Jazz Trio. $10 tasting fee, includes logo glass and snacks; always complimentary for Left Fielder Wine Club members.</p>
<p>Our Tasting Room Cafe will be open daily for dining; on May 28 we host local guitarist Michael Balok on our tasting room patio. $5 tasting fee, refunded with bottle purchase.</p>
<p>Left Coast Cellars – Open Daily, 11 am-5 pm<br />
4225 N Pacific Hwy (99W), Rickreall, OR 97371<br />
503-831-4916 <a title="Left Coast Cellars" href="http://leftcoastcellars.com" target="_blank">www.leftcoastcellars.com</a></p>
<p>Tweet: <a title="Left Coast Cellars" href="http://Twitter.com/leftcoastwine" target="_blank">Twitter.com/leftcoastwine</a><br />
FB: <a href="http://Facebook.com/leftcoastcellars" target="_blank">Facebook.com/leftcoastcellars</a></p>
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		<title>Bank of the Cascades Appoints Lee Chief Credit Officer</title>
		<link>http://www.sedcor.com/news-and-events/news/bank-of-the-cascades-appoints-lee-chief-credit-officer/</link>
		<comments>http://www.sedcor.com/news-and-events/news/bank-of-the-cascades-appoints-lee-chief-credit-officer/#comments</comments>
		<pubDate>Tue, 08 May 2012 16:49:30 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Member News]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[News and Events]]></category>

		<guid isPermaLink="false">http://www.sedcor.com/?p=4048</guid>
		<description><![CDATA[Terry Zink president and CEO of Cascade Bancorp announced that Daniel Lee has been appointed to serve as Executive Vice President and Chief Credit Officer of Cascade Bancorp and Bank of the Cascades. In this role, Lee has assumed responsibility &#8230; <a href="http://www.sedcor.com/news-and-events/news/bank-of-the-cascades-appoints-lee-chief-credit-officer/" class="read-more">read more &#187;</a>]]></description>
			<content:encoded><![CDATA[<p><strong><a href="http://www.sedcor.com/wp-content/uploads/BOTClogo.jpg"><img class="alignright size-full wp-image-1303" title="Bank Of The Cascades logo" src="http://www.sedcor.com/wp-content/uploads/BOTClogo.jpg" alt="" width="180" height="53" /></a>Terry Zink</strong> president and CEO of Cascade Bancorp announced that <strong>Daniel Lee</strong> has been appointed to serve as Executive Vice President and Chief Credit Officer of Cascade Bancorp and Bank of the Cascades. In this role, Lee has assumed responsibility for the oversight and administration of the bank’s loan portfolio including all consumer, mortgage and business loans and lines of credit. Lee’s focus will be on ensuring the quality of the loan portfolio while making competitive credit opportunities available to the bank’s markets.</p>
<p>Lee brings over thirty years of banking and financial expertise, including executive positions with a number of organizations. He most recently served at as Executive Vice President at a $2 billion bank in Indianapolis, Indiana. Lee holds a BS and MBA from Indiana University.</p>
<p>Throughout his career Lee has been actively involved with community and industry leadership programs.</p>
<p>Zink commented, “It is a pleasure to welcome Dan to our team and to the Pacific Northwest as he brings valuable expertise and insights. I look forward to Dan helping us build a strong community bank for our customers and investors.”</p>
<p><strong>About Cascade Bancorp and Bank of the Cascades</strong></p>
<p>Cascade Bancorp (NASDAQ: CACB), headquartered in Bend, Oregon, and its wholly owned subsidiary, Bank of the Cascades, operate 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. The Bank has a business strategy that focuses on delivering the best in community banking for the financial well-being of customers and shareholders. It executes its strategy through the consistent delivery of full relationship banking focused on attracting and retaining value driven customers. For further information, please visit our web site at <a title="Bank of the Cascades" href="http://www.botc.com" target="_blank">www.botc.com</a>.</p>
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<p>CONTACT:</p>
<p>Gregory D. Newton, EVP, Chief Financial Officer, Cascade Bancorp (541) 617-3526</p>
<p>Terry E. Zink President &amp; Chief Executive Officer, Cascade Bancorp (541) 385-6205</p>
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		<title>Bank of the Cascades Returns to Profitability</title>
		<link>http://www.sedcor.com/news-and-events/news/bank-of-the-cascades-returns-to-profitability/</link>
		<comments>http://www.sedcor.com/news-and-events/news/bank-of-the-cascades-returns-to-profitability/#comments</comments>
		<pubDate>Tue, 08 May 2012 16:43:59 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Member News]]></category>
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		<description><![CDATA[May 4, 2012 - Cascade Bancorp Files First Quarter Results and Announces Net Income of $1.1 Million Bank of the Cascades, a wholly-owned subsidiary of Cascade Bancorp (NASDAQ: CACB), today announced a return to profitability. On May 4, 2012, Cascade Bancorp &#8230; <a href="http://www.sedcor.com/news-and-events/news/bank-of-the-cascades-returns-to-profitability/" class="read-more">read more &#187;</a>]]></description>
			<content:encoded><![CDATA[<p>May 4, 2012 - Cascade Bancorp Files First Quarter Results and Announces Net Income of $1.1 Million</p>
<p><strong>Bank of the Cascades</strong>, a wholly-owned subsidiary of <strong>Cascade Bancorp</strong> (NASDAQ: CACB), today announced a return to profitability. On May 4, 2012, Cascade Bancorp filed its March 31, 2012 quarterly report on Form 10-Q with the Securities and Exchange Commission. For the first quarter of 2012 Cascade Bancorp recorded net income of $1.1 million. Total deposits at the end of the first quarter of 2012 were stable compared to 2011 year-end, while the loan portfolio declined in the period compared to 2011 year-end due to continued payoffs and pay-downs of loan balances. The net interest margin for the first quarter of this year increased from 2011 year-end to 4.31%, net charge-offs were improved compared to the last quarter of 2011 at 0.48% of loans (annualized rate). Cascade Bancorp also increased its reserve for loan losses as of the first quarter of 2012 to $44.0 million or 5.04% of outstanding loans. The year-ago 2011 first quarter net income was $31.0 million, which included a $32.8 million after-tax extraordinary gain on extinguishment of the Cascade Bancorp’s junior subordinated debentures; excluding this gain, the net loss for the first quarter of 2011 was approximately ($1.8) million.</p>
<p><strong>Terry Zink</strong> president and CEO of Cascade Bancorp commented, “I am excited with our first quarter profit. Cascade Bancorp has fought its way through a tough economic cycle and we believe that we are finally climbing out. We believe that we have sufficient capital and reserves and are focused on helping to revitalize the communities we serve. Our top priority is putting local deposits to work in the form of business and consumer loans, including mortgages.” He continued, “We are aggressively pursuing new opportunities to provide quality credit to help businesses expand, foster job creation and continue to contribute to the economies of Oregon and Idaho which we are proud to serve.”</p>
<p><strong>About Cascade Bancorp and Bank of the Cascades</strong></p>
<p>Cascade Bancorp (NASDAQ: CACB), headquartered in Bend, Oregon, and its wholly owned subsidiary, Bank of the Cascades, operate 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. The Bank has a business strategy that focuses on delivering the best in community banking for the financial well-being of customers and shareholders. It executes its strategy through the consistent delivery of full relationship banking focused on attracting and retaining value driven customers. For further information, please visit our web site at <a title="Bank of the Cascades" href="http://www.botc.com" target="_blank">www.botc.com</a>.</p>
<p>CONTACT:<br />
Gregory D. Newton, EVP, Chief Financial Officer, Cascade Bancorp (541) 617-3526</p>
<p>Terry E. Zink President &amp; Chief Executive Officer, Cascade Bancorp (541) 385-6205</p>
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