Cascade Bank logoCascade Financial Corp. is a bank holding company for Cascade Bank, which operates in the Puget Sound region of Washington State. In early November Cascade announced its participation in the Treasury Department’s Capital Purchase Program. Cascade will receive a $39 million investment under the Treasury program. Cascade Bank is the only operating subsidiary of Cascade Financial Corp.

According to a MarketWatch report, “In September 2008, President and CEO Carol K. Nelson was named to U.S. Banker magazine's list of “25 Women to Watch” in its annual ranking of the 25 Most Powerful Women in Banking and Finance. In June 2008, Cascade was ranked #44 on the Seattle Times' Northwest 100, a list of public companies.”


Resources

Bank Bio Chart | Financial Documents | Federal contracts

Lobbying reports | Political Contributions | Related Articles


Bailout Bank Bio: Cascade Financial

 

Federal Equity Investment

$39 million

Total Revenue

$101.9 million (2007)

Net Income

$15.5 million (2007)

Number of Employees

211

Corporate Headquarters

Everett, Washington

Business Sector

Banking

Officers and Directors

Carol Kobuke Nelson, President and Chief Executive Officer

Other Officers and Directors

Corporate Website

www.cascadebank.com/default.cfm

Executive Compensation

Cascade Financial

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

►Financial Documents

9-30-2008 Cascade Financial Corp 10-Q

6-30-2008 Cascade Financial 10-Q

3-31-2008 Cascade Financial 10-Q

2007 Cascade Financial Corp Annual Report

2007 Cascade Financial Corp 10-K

Federal contracts

No federal contracts found

Lobbying reports (if any)

Third Quarter 2008
 
No lobbying records found

Political Contributions

No political contributions found

Related Articles

November 24, 2008 Cascade Financial Corporation Receives $39 Million Through Capital Raise as Participant in U.S. Treasury Program (MarketWatch)

November 7, 2008 Washington state banks seeking bailout funds may lead to takeovers (Puget Sound Business Journal)

November 4, 2008 More state banks join U.S. stock purchase program (Seattle Post Intelligencer)

October 21, 2008 Cascade Financial Reports Strong Third Quarter Operating Results, Credit Quality Improves, Remains Well Capitalized (press release)

 

Last Updated December 3, 2008

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