Bank of the Cascades Opens Second Branch Location in Grants Pass BEND, Ore., July 20 /PRNewswire-FirstCall/ -- Patricia L. Moss, CEO, announced that the Bank has opened a second branch in Grants Pass, Oregon. This branch is the 20th branch of Bank of the Cascades and the third Southern Oregon area branch. A fourth Southern Oregon branch is scheduled to open in Ashland in Fall 2004. The South Grants Pass Branch is located on Union Avenue near the Safeway shopping center. Bill Haden, EVP /Regional Manager commented, "The new branch will complement our current Grants Pass branch and allow us to offer our customers two locations in town for banking convenience." The new building features state-of-the customer service areas and two drive-up banking lanes and a drive-up 24 hour ATM. The bank also offers customers free online baking services at http://www.botc.com/. Haden also announced that Larry Helton, Vice President and Commercial Loan Officer will also serve as Manager of the new South Grants Pass Branch. Helton, a resident of Southern Oregon for over 34 years, brings over 30 years of banking experience to this position. A graduate of Southern Oregon College and Pacific Coast Banking School, Helton has concentrated for the past 23 years on providing commercial loan services to local area businesses. An active member of the community, Helton is President of Rogue Community College Foundation, a member of the Budget Committee for Grants Pass and a member of Rotary. Founded in 1977, 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 US Banker magazine as one of the top five publicly traded community banks in the nation. Independent Community Bankers of America (ICBA) ranked Bank of the Cascades 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: Bank of the Cascades CONTACT: Patricia L. Moss, President & Chief Executive Officer, Cascade Bancorp, and Chief Executive Officer, Bank of the Cascades, +1-541-385-6205, or Bill Haden, Executive Vice President, Southern Oregon Region, +1-541-773-9150, or Debbie C. Amerongen, Senior Vice President, Marketing, +1-541-385-6205 Web site: http://www.botc.com/

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