Cascade Bancorp Announces Quarterly Cash Dividend Payment of $0.10 Per Share

BEND, Ore., April 28 /PRNewswire-FirstCall/ -- The Board of Directors of Cascade Bancorp (NASDAQ:CACB) approved payment of a $0.10 per share quarterly cash dividend. This regular dividend is payable on May 16, 2008, to shareholders of record as of May 9, 2008.

"This quarter's $0.10 per share dividend was granted as an exception to the board's present payout guidelines and was carefully scrutinized in light of the challenging real estate cycle," said Patricia L. Moss, CEO. "At this time, because of our profitability, capital and reserve levels, it was deemed appropriate to continue the dividend at its current level." The board could adjust the dividend amount for future quarters based upon its evaluation of economic and business prospects.

Cascade Bancorp (headquartered in Bend, Oregon) and its wholly-owned subsidiary, Bank of the Cascades, operates in Oregon and Idaho markets. Founded in 1977, Bank of the Cascades offers full-service community banking through 34 branches in Central Oregon, Southern Oregon, Portland/Salem and Boise/Treasure Valley. The Bank has been repeatedly named among the top performing banks in the nation by industry publications. The Bank is honored to be among the top Oregon "Best 100 Companies to Work For," as compiled by Oregon Business Magazine. And recently, Bank of the Cascades was named by the Portland Business Journal as one of Oregon's Most Admired Companies in the Financial Services category, as chosen by Oregon CEOs. For further information on Bank of the Cascades, please visit our web site at http://www.botc.com/.

First Call Analyst:
FCMN Contact:

Source: Cascade Bancorp

CONTACT: Patricia Moss, President and CEO, +1-541-385-6205, or Greg
Newton, Chief Financial Officer, +1-541-617-3526, both of Cascade Bancorp

Web site: http://www.botc.com/

2008-04-28 18:56:21 0347027 PRNEWSWIRE