Cascade Financial Corporation Announces 7th Consecutive 25% Stock Dividend.EVERETT Everett. 1 City (1990 pop. 35,701), Middlesex co., E Mass., an industrial suburb of Boston, on the Mystic River; settled c.1643, set off from Malden 1870, inc. as a city 1892. , Wash.--(BUSINESS WIRE)--May 19, 1999-- Chairman Frank M. McCord announced today the Board of Directors of 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 ) declared a 25% stock dividend to stockholders of record as of June 4, 1999. The payable date of the dividend is June 25, 1999. "Cascade's stockholders have enjoyed a 980% appreciation in market value since our initial stock offering in September 1992. We are very pleased to reward our stockholders with this seventh 25% stock dividend since our initial public offering," commented Chairman McCord. Cascade Financial Corporation is the holding company for Cascade Bank, the oldest financial institution headquartered in Snohomish County. Cascade Bank has been locally managed for over 83 years and has an "Outstanding" 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. rating for serving the credit needs of the local community. Cascade Bank operates full service branches in Everett, Lynnwood, Marysville, Mukilteo, Smokey Point, Snohomish, Mount Vernon Mount Vernon, estate, United States Mount Vernon, NE Va., overlooking the Potomac River near Alexandria, S of Washington, D.C.; home of George Washington from 1747 until his death in 1799. , Issaquah and Bellevue, and a home loan center in Bellingham. The Corporation's stock is quoted on the NASDAQ system under the symbol "CASB." |
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