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Cascade Bancorp
Bank of the
Cascades
is the
principal
subsidiary
of
Cascade
Bancorp
. Headquartered in
Bend, Oregon
, it was
founded
in
1977
. They are a
sponsor
of the
Bank of The Cascades Center
, a
4,000
seat
arena
in
Redmond, Oregon
. The
company
announced
in
2016
it would be acquired by
First Interstate BancSystem
of
Montana
for $589 million. The
acquisition
was completed
May 30, 2017
.