It’s D-Day for Cascade Financial-Cascade Bank and Opus Bank of California Merger

May 31, 2011

Everett, Everett Economy

Cascade Shareholders will meet at Comcast arena today at 3pm

Shareholders who did not vote by proxy or phone will meet at 3pm this afternoon at Comcast Arena Everett.

It’s 45 cents a share or likely nothing as shareholders vote on whether or not to approve a takeover of Cascade Financial and Cascade Bank by Opus Bank of California. Opus made the offer to buy Cascade back on March 4th. Shareholders for and against the plan have taken out ads in the Herald newspaper and conducted other campaigns to get fellow shareholders to vote their way or not vote at all. (which would have the same effect as a no vote), It will take a two-thirds vote of all outstanding shareholders to approve the merger.

[ad#Google Adsense]

, , , , ,

About myeverettnews

My Everett News is a hyperlocal news website featuring breaking news and events in Everett, WA. We also cover City of Everett information and items of interest to those who live and work in Everett. It's written by Leland Dart a former Snohomish County based radio reporter born and raised in Everett.

View all posts by myeverettnews

Comments are closed.