CASCADE Bank Opens 20th Branch in Shoreline, Washington

Carol K. Nelson, president and CEO of Cascade Bank, announced that the bank will open its 20th branch in Shoreline, Washington on June 20, 2007. The branch is located at 15225 Aurora Ave North, Shoreline. "Shoreline’s revitalization and growth make it the perfect place for us to expand our presence in King County,” said Carol K. Nelson. "Our goal is to continue to grow the bank by providing excellent service and products to our customers, and by reaching out to new communities.” Cascade Bank has experienced strong income and balance sheet growth over the last several years. With assets over $1.3 billion, Cascade continues to grow its franchise as a locally based community bank. Shoreline resident Jeffrey T. King will serve as vice president and branch manager for the new Shoreline branch. Jeff’s staff includes Zach Stailey, assistant branch manager; David Leng, senior financial services representative; and Ashley Marth, financial services representative. A grand opening celebration will be held June 25 through July 12. About Cascade Bank Established in 1916 Cascade Bank, the only operating subsidiary of Cascade Financial Corporation (NASDAQ:CASB), is a state chartered commercial bank headquartered in Everett, Washington. Cascade Bank has served the Puget Sound region for more than 90 years and operates 20 full service branches located in Shoreline, Bellevue, Clearview, Everett, Harbour Pointe, Issaquah, Lake Stevens, Lynnwood, Marysville, North Bend, Smokey Point, Snohomish and Woodinville.