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Home / News / Cascade Bancorp told to halt dividend payments, reorganize debt (access required)

Cascade Bancorp told to halt dividend payments, reorganize debt (access required)

The Federal Reserve on Oct. 28 ordered Cascade Bancorp, the parent of Bank of the Cascades, to halt payment of dividends and submit a plan to repay outstanding debt. The Fed said the actions were part of a written agreement between Cascade and the Federal Reserve Bank of San Francisco. A day later, ...

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