Bend-based Cascade Bancorp announces 5-to-4 stock split

Daily Journal of Commerce (Portland, OR), Oct 18, 2006 by DJC Staff

Bend-based Cascade Bancorp this week announced a 5-for-4 stock split and quarterly cash dividend of 9 cents per divided share.

Shareholders of Cascade Bancorp, the holding company for Bank of the Cascades, on Nov. 3 will receive one additional share for every four shares owned as of Oct. 27.

The company will have about 28.3 million shares outstanding after the split, up from 22.6 million shares.

Cascade Bancorp last week announced third-quarter earnings of $10.5 million, or 46 cents per share, up from $6.2 million, or 35 cents per share, from the same period last year.