Cascade Financial to Present at KBW Community Bank Investor Conference.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 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. , are scheduled to present at the Keefe, Bruyette & Woods Seventh Annual Community Bank Investor Conference in New York. Cascade's presentation is on Tuesday morning, August 1, 2006, at 11:00 a.m. PDT PDT abbr. Pacific Daylight Time PDT Pacific Daylight Time PDT n abbr (US) (= Pacific Daylight Time) → hora de verano del Pacífico PDT (2:00 p.m. EDT EDT abbr. Eastern Daylight Time EDT Eastern Daylight Time EDT n abbr (US) (= Eastern Daylight Time) → hora de verano de Nueva York EDT ). The live and archived presentation can be viewed at www.cascadebank.com or www.kbw.com. Earlier today, Cascade reported record second quarter profits. In the quarter ended June 30, 2006, net income was $3.3 million, or $0.27 per diluted share, compared to $3.2 million, or $0.26 per diluted share in the same quarter last year. For the first six months of 2006, net income was $6.5 million, or $0.53 per diluted share, compared to $6.3 million, or $0.51 per diluted share in the first half of 2005. All per share data has been adjusted to reflect the 5-for-4 stock split issued in May of 2006. Tomorrow morning, management will host a conference call to discuss second quarter results at 11:00 a.m. PDT (2:00 p.m. EDT). Interested investors may listen to the call live or via replay at www.cascadebank.com. Investment professionals are invited to dial 303-262-2137 to participate in the live call. A telephone replay of the call will be available for a month at 303-590-3000, using passcode 11064106#. 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. In January 2006, Washington CEO magazine named Nelson a CEO of Influence. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion