Cascade Bancorp (Bancorp) is a chartered financial holding company. Bancorp conducts its activities through its wholly owned subsidiary, Bank of the Cascades (the Bank), which provides a range of commercial and retail banking services. At December 31, 2008, the Company conducted full-service community banking through 33 branches, including 11 in Central Oregon, three in the Salem/Keizer area, six in Southern Oregon, one office in Portland, and 12 branches serving the Boise area. The Banks activities include lending and deposit functions, including commercial, construction, real estate, installment, credit card and mortgage loans; checking, money market, time deposit and savings accounts; Internet banking and bill payment; automated teller machines, and safe deposit facilities. Additionally, the Bank originates and sells mortgage loans into the secondary market and offers trust and investment services.