Bank of the Cascades Opens Branch on Bend's Westside BEND, Ore., June 22 /PRNewswire-FirstCall/ -- Patricia L. Moss, CEO, announced that the Bank has opened a new branch on the Westside of Bend, inside the Safeway location on Century Drive. This branch is the 19th branch of Bank of the Cascades and the 7th Bend branch. Earlier this month the Bank opened a new branch in the Forum Shopping Center on the Eastside of Bend and in the Old Mill District in Bend in February 2004. Moss commented, "Our recent branch growth in Bend is in response to the exciting growth of the community and our commitment to providing convenient access to our loyal and growing customer base." Bank of the Cascades has also announced plans to open two additional Southern Oregon locations in 2004. A second Grants Pass branch will open in mid-July and an Ashland branch is scheduled for early fall 2004. Julie Miller, SVP/Bend Regional Manager commented, "Our new West Bend Branch will allow customers who live or work on the rapidly growing Westside of town a convenient additional location for their banking." The full service branch will be open 10:00 to 6:00 Monday through Friday and 9:00 to 3:00 on Saturday. This will be the third Bend location of Bank of the Cascades open on Saturday. Miller also announced that Joni Johns will serve as Customer Service Supervisor at the new West Bend branch. Headquartered in Bend, Bank of the Cascades is committed to its mission of delivering the best in banking for the financial well being of customers. To accomplish this, the Bank delivers personalized relationship banking, competitive financial products, and advanced technology applied for the convenience of customers. Bank of the Cascades was recently ranked by Independent Community Bankers of America (ICBA) number 3 among its peers of best performing banks in the nation. In addition Bank of the Cascades was named in the Top 10 of The Seattle Times Northwest 100 ranking of publicly traded companies in Washington, Oregon and Idaho, as well as in the Top 10 of the Oregon Business Magazine "2004 Best Companies to Work For". The Bank currently operates in the communities of Bend, Redmond, Sunriver, Sisters, Prineville, Salem, Keizer, Medford, Grants Pass and Portland. Cascade Bancorp, the parent company of Bank of the Cascades, is publicly traded on the Nasdaq exchange under the symbol CACB. For further information on the Company, please visit http://www.botc.com/ . DATASOURCE: Cascade Bancorp CONTACT: Patricia L. Moss, President & Chief Executive Officer of Cascade Bancorp, Chief Executive Officer, Bank of the Cascades, +1-541-385-6205; or Debbie C. Amerongen, Senior Vice President, Marketing of Bank of the Cascades, +1-541-385-6205 Web site: http://www.botc.com/

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