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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant
to Section 13 or 15(d) of the
Securites Exchange Act of 1934
Date of report: January 15, 1997
CASCADE BANCORP
(Name of small business issuer in its charter)
Oregon
(State of Incorporation)
0-23322 93-1034484
(Commission File Number) (I.R.S. Employer Identification #)
1100 NW Wall Street, Bend, Oregon 97701
(541) 385-6205
(Address and telephone number of issuer's principal executive
offices)
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ITEM 5 OTHER EVENTS
On January 15, 1997 Cascade Bancorp opened its first
non-bank subsidiary, Cascade Finance. Cascade Finance will offer
consumer loans and retail lending programs which will provide
Cascade Bancorp with the opportunity to broaden its market with
complimentary services. The initial capital contribution from
Cascade Bancorp to Cascade Finance was $250,000.00.
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SIGNATURES
In accordance with the requirements of the Exchange Act, the
registrant caused this report to be signedon its behalf by the
undersigned, thereunto duly authorized.
CASCADE BANCORP
(Registrant)
Date: 1/17/97 By: /s/ Roger J. Shields
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Roger J. Shields
President
Date: 1/17/97 By: /s/ Patricia L. Moss
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Patricia L. Moss
Chief Financial Officer
