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Subsequent Events
12 Months Ended
Dec. 31, 2015
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events
Bank of America Branch Acquisition
On October 28, 2015, the Company announced that the Bank had entered into an agreement to purchase 12 Oregon branch locations and three Washington branch locations from Bank of America, National Association. This acquisition allows Cascade the opportunity to enhance and strengthen its footprint in Oregon, while providing entry into the Washington market. In the transaction, Cascade will assume the deposits of the acquired branches, which is currently approximately $480 million. No loans are included in the transaction. The purchase price paid to the seller will be approximately 2% of the balance of deposits at closing. All necessary regulatory approvals have been received. Pending the satisfaction of customary closing conditions, the closing of the acquisition and conversion of these branches to Bank of the Cascade offices is expected to occur in March 2016. Cascade plans on retaining current employees working at the branches.