Bank of the Cascades Announces Plans to Open Second Medford Branch BEND, Ore., Sept. 13 /PRNewswire-FirstCall/ -- Patricia L. Moss, CEO, announced that the Bank has received regulatory approval to move forward with the construction of a second branch in Medford Oregon. Located at 3090 Crater Lake Highway, the branch will be the 22nd branch of Bank of the Cascades and the fifth Southern Oregon area branch. An opening is anticipated in mid-2005. Bill Haden, EVP /Regional Manager commented, "Bank of the Cascades commitment to Southern Oregon is strong and we are very excited to continue developing convenient branch locations for our customers throughout the region." The Bank, which opened its' first Medford location in June 2003, now has two branches in Grants Pass and one in Ashland, in addition to branches in Central Oregon, Salem & Portland. The new Crater Lake Branch will feature state-of-the-art customer service areas as well as two drive-up banking lanes, a drive-up 24 hour ATM and Night Depository. Convenient customer parking will be available with easy access off both Crater Lake Highway and Crater Lake Avenue. In addition, the Bank offers free 24 hour online banking services at http://www.botc.com/. 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 U.S. 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, Ashland 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: Cascade Bancorp CONTACT: Patricia L. Moss, President & Chief Executive Officer, Cascade Bancorp, 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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