Comment on Cascade Bancorp reports a profit

Cascade Bancorp reports a profit

The parent company of Bank of the Cascades increased its assets and lending activity in the third quarter of the year, according to its quarterly financial report, released Tuesday.Cascade Bancorp posted net income of $1.49 million for the quarter ending Sept. 30. Bank of the Cascades recorded more than $46 million in net income for the second quarter, but that was due to a one-time tax benefit.

 

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