The latest news from NWFPA members and events concerning the food processing industry in the Northwest.

Cascade Bancorp Completes Acquisition of Home Federal Bancorp, Inc.

May 19, 2014

Cascade Bancorp Completes Acquisition of Home Federal Bancorp, Inc.

Contact: Terry L. Zink, CEO 541-617-3527
              Gregory D. Newton, EVP, CFO 541-617-3526

Bend, Ore. – May 19, 2014/PRNewswire/ - Cascade Bancorp (NASDAQ: CACB) (“Cascade”), the holding company
for Bank of the Cascades (“Bank”), today announced that on May 16, 2014 it completed its previously announced
acquisition of Home Federal Bancorp, Inc. (NASDAQ: HOME) (“Home”). The combined company is expected to
have assets in excess of $2.3 billion and deposits of $2.0 billion with forty branches serving the Oregon and Boise,
Idaho markets.

Terry Zink, President and Chief Executive Officer of Cascade, commented, “I am very excited to welcome the
customers and employees of Home Federal to Cascade. This acquisition expands our operational footprint in the
Pacific Northwest while also providing revenue and cost synergies to the Bank. We look forward to delivering an
expanded line of products and services to meet the financial needs of our local business and personal banking
customers as we strive to be the premier community bank in the Pacific Northwest.”

Under the terms of the merger agreement, former shareholders of Home Federal Bancorp will receive a fixed
exchange ratio of 1.6772 shares of Cascade common stock and $8.43 in cash for each share of Home Federal
Bancorp common stock, without interest and less withholding for taxes (and cash in lieu of fractional shares).
Cascade was advised in this transaction by Macquarie Capital, as financial advisor, and Hunton & Williams LLP, as
legal counsel. Home was advised by Keefe, Bruyette & Woods, as financial advisor, and Vorys, Sater, Seymour and
Pease LLP, as legal counsel.

About Cascade Bancorp and Bank of the Cascades
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 28 branches in Central, Southern and Northwest Oregon, as well as in the greater
Boise/Treasure Valley, Idaho area. 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 website at


This release contains forward-looking statements about Cascade Bancorp’s plans and anticipated results of
operations and financial condition. These statements include, but are not limited to, our plans, objectives,
expectations, and intentions and are not statements of historical fact. When used in this report, the word
"expects," "believes," "anticipates,” “could,” “may,” “will,” “should,” “plan,” “predicts,” “projections,” “continue”
and other similar expressions constitute forward-looking statements, as do any other statements that expressly or
implicitly predict future events, results or performance, and such statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995. Certain risks and uncertainties and Cascade
Bancorp’s success in managing such risks and uncertainties could cause actual results to differ materially from
those projected, including among others, the following factors: local and national economic conditions could be
less favorable than expected or could have a more direct and pronounced effect on us than expected and adversely affect our results of operations and financial condition; the local housing/real estate market could continue to
decline for a longer period than we anticipate; the risks presented by a continued economic recession, which could
continue to adversely affect credit quality, collateral values, including real estate collateral and OREO properties,
investment values, liquidity and loan originations, reserves for loan losses and charge offs of loans and loan
portfolio delinquency rates and may be exacerbated by our concentration of operations in the States of Oregon and
Idaho generally, and Central, Southern and Northwest Oregon, as well as the greater Boise/Treasure Valley, Idaho
area, specifically; interest rate changes could significantly reduce net interest income and negatively affect funding
sources; competition among financial institutions could increase significantly; competition or changes in interest
rates could negatively affect net interest margin, as could other factors listed from time to time in Cascade
Bancorp’s Securities and Exchange Commission (“SEC”) reports; the reputation of the financial services industry
could further deteriorate, which could adversely affect our ability to access markets for funding and to acquire and
retain customers; and existing regulatory requirements, changes in regulatory requirements and legislation
(including without limitation, the Dodd-Frank Wall Street Reform and Consumer Protection Act) and our inability to
meet those requirements, including capital requirements and increases in our deposit insurance premium, could
adversely affect the businesses in which we are engaged, our results of operations and financial condition. Such
forward-looking statements also include, but are not limited to, statements about the benefits of the business
combination transaction involving Cascade Bancorp and Home Federal Bancorp, Inc., including future financial and
operating results, the combined company’s plans, objectives, expectations and intentions and other statements
that are not historical facts. These forward-looking statements are subject to numerous assumptions, risks and
uncertainties which change over time. Forward-looking statements speak only as of the date they are made and
we assume no duty to update forward-looking statements. Important factors that could cause actual results to
differ materially from those indicated by such forward-looking statements include risks and uncertainties relating
to: (i) the risk that the businesses will not be integrated successfully; (ii) the risk that the cost savings and any
other synergies from the transaction may not be fully realized or may take longer to realize than expected; (iii)
disruption from the transaction making it more difficult to maintain relationships with customers, employees or
vendors; (iv) the diversion of management time on post-merger and integration-related issues; (v) general
worldwide economic conditions and related uncertainties; (vi) liquidity risk affecting Cascade’s ability to meet its
obligations when they come due; (vii) excessive loan losses; (viii) the effect of changes in governmental regulations;
and (ix) other factors we discuss or refer to in the “Risk Factors” section of Cascade’s most recent Annual Report on
Form 10-K filed with the SEC on March 31, 2014. These risks as well as other additional risks and uncertainties are
identified and discussed in Cascade’s reports filed with the SEC and available at the SEC’s website at
These forward-looking statements speak only as of the date of this release. Cascade Bancorp undertakes no
obligation to publish revised forward-looking statements to reflect the occurrence of unanticipated events or
circumstances after the date hereof. Readers should carefully review all disclosures filed by Cascade Bancorp from
time to time with the SEC.

Bank of the Cascades Pledges $2 Billion to Support Oregon, Idaho Communities

May 19, 2014

Bank of the Cascades Pledges $2 Billion to Support Oregon, Idaho Communities

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

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Food Resources & Education Institute

Watch this video to learn about NWFPA and its new food safety training platform, the Food Resources & Education Institute. Call us to request a demo! 503.327.2200



NWFPA in Oregon Business Magazine

NWFPA's Director of Energy & Sustainability, Pam Barrow J.D., in Oregon Business, discusses the green economy and incentives. Click below to enjoy the full article.


cover art for website



ProcessPro Premier Featured in TEC Buyers Guide

Date: May 20, 2014
Contact: Karly Peters, Marketing Manager
Phone: (320) 252-0234

For Immediate Release
ProcessPro Premier Featured in TEC Buyers Guide

St. Cloud, MN, May 20, 2014 – – ProcessPro, leading mid-market ERP software solution company, announces that Technology Evaluation Centers (TEC) has featured ProcessPro Premier in their ERP for Midsize Manufacturers Buyer’s Guide.

TEC has published its latest research report, ERP for Midsize Manufacturers Buyer’s Guide, and Premier is one of the solutions featured in the guide. The buyer’s guide is to provide clarity on the ERP software market for midsize manufacturing companies, its characteristic features, the market trends, as well as the major players and their products. The guide also includes a special report on cloud ERP solutions.

“We are pleased to be featured in TEC’s buying guide as it’s a great resource for process manufacturing companies doing their initial round of research for an ERP solution,” states Karly Peters, ProcessPro Marketing Manager.

TEC helps private and public sector organizations choose the best enterprise software solutions for their unique business need - quickly, impartially, and cost-effectively.

To view the ERP for Midsize Manufacturing Buyer’s Guide, please click here.


ProcessPro is a leading mid-market ERP software solution for the process manufacturing industry. Designed specifically for manufacturers that combine batches of mixtures, ProcessPro seamlessly integrates all aspects of plant operation, from beginning order entry through manufacturing, packaging, shipping, inventory, and accounting. ProcessPro has been serving the food, beverage, pharmaceutical, nutritional supplement, cosmetic, and specialty chemical industries for more than 25 years. More information about ProcessPro is available at

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