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Bank of the Cascades is the principal subsidiary of Cascade Bancorp (NASDAQ: CACB). [1] Headquartered in Bend, Oregon, it was founded in 1977. [2] It co-sponsored the Bank of the Cascades Center, a 4,000-seat arena in Redmond, Oregon. It announced in 2016 it would be acquired by First Interstate BancSystem of Montana for $589 million. [3]
First Interstate Bank Center is a 4,000-permanent seat indoor arena located in Redmond, Oregon, as part of the Deschutes County Expo Center. It is named for a regional bank which purchased naming rights to the arena's name.
The Bank extended into Idaho, Oregon and Washington with the acquisitions of Cascade Bancorp in 2017 and Northwest Bancorporation, Inc., in 2018—the parent companies of Bank of the Cascades and Inland Northwest Bank, respectively. In 2019, Idaho Independent and Community 1st Banks joined the Company, officially becoming First Interstate Bank ...
In addition to being the second bank to fail in 2024, the failure of The First National Bank of Lindsay marks the seventh time a federally-insured bank has failed going back to 2021.
The Oregon Portage Railroad was the first railroad in the U.S. state of Oregon. [2] It was located on the south bank of the Cascades canal of the Columbia River. [3]The railroad originally ran 4.5 miles (7.2 km) [4] [5] from Tanner Creek (near where Bonneville Dam was later built) to the Cascade Locks, which were under construction in the later years of the railroad's operation.
As of 2015, Umpqua Bank had $24 billion in assets and $18 billion in deposits and was ranked among the largest 60 banks in the nation. [2] Its parent company, Umpqua Holdings, is publicly traded. [1] As of 2016, Umpqua Bank was the largest Oregon-based bank and had 350 branches in Oregon, Washington, California, Nevada and Idaho. [3] [4]
First Federal Savings and Loan, now known as Glacier Bank (a subsidiary of Glacier Bancorp, Inc.) was founded in 1955 in Kalispell, Montana by a group of local businessmen. With a charter costing $150,000 in 1955, the founding directors raised $172,000 from 127 Flathead citizens to officially get the bank off the ground.
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