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Oregon banks seek funding

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High Five
Wednesday, October 14, 2009

Two Oregon-based banks, Pacific Continental Bank and Cascade Bancorp, hope to raise millions of dollars - one for growth, the other for survival.

Banks have been brutalized by the recession. Some Northwest institutions that bet big on a continued housing boom have suffered big loan losses and have seen their capital depleted to dangerous levels as the residential real estate market crashed. Four banks in Oregon and southwest Washington have failed since January.

Pacific Continental and Cascade approach their offerings from radically different positions.

Read the full story at OregonLive.com.

{biztweet}Pacific Continental Bank Cascade Bancorp{/biztweet}

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