Cascade Financial Corporation Plans to Open New Branch in Issaquah.Business Editors EVERETT, Wash.--(BUSINESS WIRE)--Aug. 6, 2002 Cascade Bank today announced that it has filed for regulatory approval to add a retail banking office in Issaquah, Washington Issaquah (King County]], Washington, United States. The population was 11,212 at the 2000 census. Based on per capita income, one of the more reliable measures of affluence, Issaquah ranks 25th of 522 areas in the state of Washington to be ranked. . Targeted to open in November 2002, in the Pine Lake Shopping Center at 2902-228th Street SE, the Pine Lake branch will be Cascade Bank's fifteenth full-service office. "Our branch expansion strategy is successfully progressing, and we look forward to an increased presence in one of Washington's fastest growing markets as we open our second Issaquah branch," said Carol K. Nelson, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "New branches are an excellent way to attract deposits while greatly increasing convenience for our customers. We will provide the Pine Lake marketplace with Cascade Bank's full range of commercial and consumer lending products," adds Nelson. Located within the QFC QFC Quality Food Centers QFC Queueing Flow Control QFC Quality Feedback Card QFC Quality Fulfillment Committee (PostEurop) QFC Quantum Flow Control supermarket, this branch will offer expanded hours of service for customers. Supermarket branches are a cost efficient means of expansion. "We have already secured the site, and our next steps are to gain regulatory approvals and finalize staffing." Established in 1916, Cascade Bank, the only operating subsidiary of Cascade 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 ) is a state chartered commercial bank headquartered in Snohomish County, Washington Snohomish County is a county located in the U.S. state of Washington. It is named after the Snohomish tribe. Since 2000, the county's population has grown from 606,024 to 686,300 residents (2007 figures), making it one of the fastest-growing in the state, ranking third in overall . The bank has been locally managed for more than 85 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 14 full service offices, located in Everett, Lynnwood, Marysville, Mukilteo, Smokey Point, Issaquah, Clearview, Woodinville, Lake Stevens and Bellevue. |
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