The latest news from NWFPA members and events concerning the food processing industry in the Northwest.
May 19, 2014
Merger with Home Federal Bank renews commitment to strengthen local communities
BEND, Ore., May 19, 2014—To celebrate its completed merger with Home Federal Bank, Bank of the Cascades today
pledged to invest heavily in communities across Oregon and Idaho’s Treasure Valley. The bank will provide $2 billion in
credit to small businesses and individuals over the next three years, and is prepared to deliver $175,000 in
philanthropic giving to nearly 100 organizations over the coming month.
According to Bank of the Cascades President and CEO Terry Zink, the merger with Home Federal Bank combines the
financial strength of two exceptional institutions, which creates greater opportunities to impact communities
positively through lending and charitable giving.
“Our customers and communities are the real winners of this merger,” said Zink. “Together, we have increased
lending capacity to invest in local businesses and organizations making a difference in people’s lives. These pledges
reflect our commitment to the prosperity of all those we are privileged to serve.”
Mike Mooney, EVP and Idaho Region President, commented, “Our job is to help local business grow and thrive. We
know that delivering credit to customers and communities grows business, creates jobs and strengthens our local
shared economies. We have local leadership in place in Idaho with regional expertise to allow us to respond quickly
and effectively to the needs of our communities.”
Specific to Southwest Idaho and the Treasure Valley, Bank of the Cascades delivers financing and depository services
to local business customers, including Treasure Valley Hospital, Boise Aquarium, A-1 Plumbing, Ameriben/IEC Group,
Caldwell Medical Office Building, DeBest Plumbing, Living with Grace Assisted Living, Strata, and Sockeye Brewing. In
addition to business services, the bank also focuses its efforts on a comprehensive, competitive and convenient line of
personal financial services. Individual customers of the combined bank will have access to enhanced banking solutions
that include home loans, trust services, investment services, robust online and mobile banking, and additional retail
branches for convenience.
“For communities to thrive, businesses and individuals need smart financial solutions and access to capital,” said Zink.
“Our products and services are simply a means to that end. The more customers we serve and the more we lend
responsibly, the bigger impact we have as a community partner.”
Bank of the Cascades has also promised to deliver financial support and contributions to nearly 100 nonprofit
organizations in the next month. “As community banks, both Bank of the Cascades and Home Federal Bank have long
histories of giving back to our communities,” said Mooney. “Now as one bank, we are honored to continue this
commitment and work together to support those who are making a difference for others.” As part of the merger,
Bank of the Cascades will assume leadership of Home Federal’s charitable foundation, continuing this legacy of giving.
The merger also results in the convenience of additional branch locations. In Southwest Idaho, Bank of the Cascades
now has full service branches staffed with experienced bankers and lenders in Boise, Eagle, Garden City, Meridian,
Nampa, Kuna, Caldwell, Fruitland, Mountain Home and Emmett. In Oregon, the bank is expanding to Eugene and
Springfield, while also adding to its existing network of branches in Central and Southern Oregon.
About Bank of the Cascades
Bank of the Cascades is the principal subsidiary of Cascade Bancorp (NASDAQ: CACB). Headquartered in Bend, Oregon,
Bank of the Cascades delivers 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 40 branches in Central Oregon, Southern Oregon, Willamette Valley/ Eugene/
Portland/Salem and Southwest Idaho. Throughout its history, the bank has been recognized for its long-standing
tradition of corporate philanthropy. For more information, visit www.botc.com.
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