Cascade Shareholders Approve Merger with Opus Bank of California, Opus Ready to Lend

June 1, 2011

Everett, Everett Economy

Opus Bank
Shareholders of Cascade Financial and Cascade Bank voted yesterday to approve the merger and acquisition by Opus Bank which is based in Irvine, California. Here’s what the new owner, Stephen H. Gordon, Chairman and Chief Executive Officer of Opus Bank, had to say…

“I look forward to the receipt of the necessary regulatory approvals, closing of the transaction, and welcoming the Cascade team and its clients to Opus Bank. After the closing of the transaction, Opus Bank will be ready, with a strong capital base, to work as partners with those business leaders in the Seattle / Puget Sound metropolitan area who have demonstrated the ability and desire to expand. These businesses, entrepreneurs, and real estate investors will be able to turn to us as a partner for growth.”

The sale is expected to close by the end of this month.
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