Cascade Financial Declares Quarterly Cash Dividend and Schedules Year End Earnings Conference Call.EVERETT, Wash. -- 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 ), parent company of Cascade Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $0.09 per share. The dividend will be paid on January 26, to shareholders of record on January 12, 2006. Cascade expects to release earnings for the fourth quarter and full year 2005 after the close of market on Tuesday, January 17, 2006. The following day, on Wednesday, January 18, 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. , and Lars Johnson, EVP EVP Executive Vice President EVP EGR (Exhaust Gas Recirculation) Valve Position Sensor EVP Electronic Voice Phenomenon EVP Europäische Volkspartei (Germany) EVP Employee Value Proposition and CFO See Chief Financial Officer. , will discuss the bank's operating results in a conference call at 10:00 am PST PST Paroxysmal supraventricular tachycardia, see there (1:00 pm EST EST electroshock therapy. EST abbr. electroshock therapy ). Interested investors may listen to the call live or via replay at www.cascadebank.com. Investment professionals are invited to dial (303) 262-2139 to access the live call. A replay of the call will be available for three weeks at (303) 590-3000, using passcode 11048908#. In the first nine months of 2005, Cascade's net income was up 21% to $9.6 million, or $0.98 per diluted share, compared to $8.0 million, or $0.87 per share in the same period last year. Investors wishing to reinvest the upcoming dividend must complete the enrollment through the company's transfer agent, Mellon Investor Services. For complete details on this program, please visit the investor relations portion of the company's website at www.cascadebank.com/shareholderinfo or at www.melloninvestor.com. Interested parties may also contact Mellon Investor Services toll-free at 1-800-839-2983. About Cascade Financial Established in 1916, Cascade Bank, the only operating subsidiary of Cascade Financial Corporation, 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 . Cascade Bank operates 19 full service offices, located in Everett, Lynnwood, Marysville, Mukilteo, Smokey Point, Issaquah, Clearview, Woodinville, Lake Stevens, Bellevue, Snohomish and North Bend. In August 2005, US Banker magazine ranked Cascade #67 out of the Top Publicly Traded Mid-Tier Banks, those with less than $10 billion in assets, based on three-year average return on equity. The same publication has named President and CEO Carol Nelson one of the 25 Most Powerful Women in Banking. |
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