Attached files
| file | filename |
|---|---|
| EX-99.1 - EXHIBIT 99.1 - CASCADE BANCORP | exhibit9913416bankofameric.htm |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): March 4, 2016
CASCADE BANCORP
(Exact name of registrant as specified in its charter)
Oregon | 02-23322 | 93-1034484 | ||
(State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employee Identification No.) | ||
1100 NW Wall Street
Bend, Oregon 97701
(Address of principal executive offices)
(Zip Code)
(877) 617-3400
(Registrant’s telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
[ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 8.01 Other Events.
On March 4, 2016, Bank of the Cascades (the “Bank”), the wholly-owned subsidiary bank of Cascade Bancorp, completed its previously announced acquisition of 15 branches, 12 of which are located in Oregon and 3 of which are located in Washington, from Bank of America, National Association (the “Transaction”).
As a result of the Transaction, the Bank assumed approximately $470 million of branch deposits. No loans were included in the Transaction.
On March 8, 2016, Cascade Bancorp issued a press release announcing the completion of the Transaction. A copy of the press release is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit 99.1 Cascade Bancorp press release, dated March 8, 2016
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
CASCADE BANCORP
By: /s/ Terry E. Zink
Terry E. Zink
President & Chief Executive Officer
Date: March 8, 2016