Cascade Bank Receives 'Outstanding' CRA Rating.Business Editors EVERETT, Wash.--(BUSINESS WIRE)--Dec. 6, 2000 Cascade A connected series of devices or images. It often implies that the second and subsequent device takes over after the previous one is used up. For example, cascading tapes in a dual-tape backup system means the second tape is written after the first one is full. Financial Corporation (Nasdaq:CASB CASB Cost Accounting Standards Board CASB Colorado Association of School Boards CASB Canadian Aviation Safety Board CASB Catalogs and Surveys Branch CASB Chinese Association at Stony Brook CASB Council for the Advancement of Small Business ) reports that its subsidiary, Cascade Bank, has again received an "Outstanding" rating on its Community Reinvestment Act Community Reinvestment Act (CRA) Enacted by Congress in 1977, the CRA encourages banks to help meet the credit needs of their communities for housing and other purposes, particularly in neighborhoods with low or moderate incomes, while maintaining safe and sound operations. (CRA See Community Reinvestment Act. ) evaluation for the period Jan. 1, 1999 through March 31, 2000. The federal government evaluation highlighted Cascade's numerous innovative and flexible lending programs, including those for small business, community development, and home loans. Also commended were Cascade's excellent system for alternative delivery of retail banking services and the accessibility of its delivery systems, including ATMs, online banking, TellerPhone banking, bank by mail and courier services. Additionally, the report cites Cascade's commitment to the communities it serves because of contributions the bank made to (among others) Bethany Home's capital campaign, Boys and Girls boys and girls mercurialisannua. Club of Snohomish County, Housing Hope, and the Assistance League of Washington. Cascade Bank, the principal subsidiary of Cascade Financial Corporation, operates fourteen full service offices in Everett, Lynnwood, Marysville, Mukilteo, Mt. Vernon, Smokey Point, Issaquah, Clearview, Woodinville, Lake Stevens, and Bellevue. The Corporation's stock is quoted on the NASDAQ system under the symbol "CASB." Cascade Bank has been locally managed for more than 84 years. |
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