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

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

BEND, Ore., Oct. 8 /PRNewswire-FirstCall/ -- Cascade Bancorp , (the "Company")
(Nasdaq: CACB) 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), 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.

SOURCE Cascade Bancorp

Patricia L. Moss, President & Chief Executive Officer, +1-541-385-6205, or
Gregory D. Newton, EVP, Chief Financial Officer, +1-541-617-3526, both of
Cascade Bancorp