Craig Skotdal Nominated to Cascade Financial Board of Directors.Business Editors EVERETT, Wash.--(BUSINESS WIRE)--Sept. 5, 2001 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 ), the parent company of Cascade Bank, today announced that its Board of Directors has nominated Craig G Craig G (born Craig Morgan) is a rapper who hails from the Queensbridge housing project in Queens, New York, USA. Craig is best known as one of the original members of hip hop producer Marley Marl's Cold Chillin' Records group the Juice Crew, which consisted of other hip hop . Skotdal to serve a three-year term as a director of the company. The election of directors will be held at the Annual Meeting of Shareholders on October 16, 2001. "We are delighted to welcome Craig Skotdal to our Board of Directors," said Frank McCord, Chairman 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. . "His experience in commercial real estate markets in the Pacific Northwest will be an important asset for us as we continue to build our commercial banking business. Craig brings a new perspective and additional energy to our board. We are excited about the positive developments at our company since early this year and believe Craig will enhance our opportunities to be successful over both the short and long-term." Skotdal is President of Skotdal Real Estate, a property development, investment and management company based in Everett, Washington  This page is currently protected from editing to deal with vandalism. Protection is not an endorsement of the current [ version] . He serves as Treasurer of the Downtown Everett Association and actively supports revitalization projects in Everett's central business district. A Snohomish County native, Skotdal graduated from Stanford University Stanford University, at Stanford, Calif.; coeducational; chartered 1885, opened 1891 as Leland Stanford Junior Univ. (still the legal name). The original campus was designed by Frederick Law Olmsted. David Starr Jordan was its first president. . Established in 1916, Cascade Bank is a Washington state chartered commercial bank headquartered in Snohomish County. 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 fourteen full service offices, located in Everett, Lynnwood, Marysville, Mukilteo, Smokey Point, Issaquah, Clearview, Woodinville, Lake Stevens and Bellevue. Statements concerning future performance, developments or events, expectations for earnings, growth and market forecasts, and any other guidance on future periods, constitute forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. , which are subject to a number of risks and uncertainties that are beyond the Company's control and might cause actual results to differ materially from the expectations and stated objectives. These factors include but are not limited to the effect of interest rate changes, competition in the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. market for both deposits and loans as well as regional and general economic conditions, and the Company's ability to implement its commercial banking strategy. Cascade Financial undertakes no responsibility to update or revise any forward-looking statements. Note: A photo of Mr. Skotdal is available at The Cereghino Group at 206/762-0993 |
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