EVERETT, Wash., March 28, 2007 (PRIME NEWSWIRE) -- Cascade Financial Corporation (Nasdaq:CASB), parent company of Cascade Bank, today announced that its Board of Directors has declared a quarterly cash dividend of $0.08 per share. The dividend will be paid on April 25 to shareholders of record on April 11, 2007.
Additionally, Cascade expects to report first quarter 2007 results after the close of the market on Tuesday, April 24, 2007. Cascade's Annual Shareholder Meeting will be held on the same day, at 6:30 p.m. at the Everett Golf and Country Club. The following day, on Wednesday, April 25, Carol K. Nelson, President and CEO, and Lars Johnson, EVP and CFO, will discuss the bank's operating results in a conference call at 11:00 a.m. PDT (2:00 p.m. EDT). Interested investors may listen to the call live or via replay at www.cascadebank.com. Investment professionals are invited to dial (303) 262-2139 to participate in the call. A replay will be available for a month at (303) 590-3000, using passcode 11086538#.
Investors wishing to reinvest the upcoming dividend must complete the enrollment through the company's transfer agent, Mellon Investor Services. For complete details on this program, please visit the investor relations portion of the company's website at www.cascadebank.com or at www.melloninvestor.com. Interested parties may also contact Mellon Investor Services toll-free at 1-800-839-2983.
About Cascade Financial
Established in 1916, Cascade Bank, the only operating subsidiary of Cascade Financial Corporation, is a state chartered commercial bank headquartered in Everett, Washington. Cascade Bank has proudly served the Puget Sound region for over 90 years and operates 19 full service branches in Everett, Lynnwood, Marysville, Mukilteo, Smokey Point, Issaquah, Clearview, Woodinville, Lake Stevens, Bellevue, Snohomish and North Bend, with a Shoreline branch scheduled to open this summer.
In September 2006, US Banker magazine named President and CEO Carol Nelson one of 25 Women to Watch in the industry. Ryan Beck & Co. ranked CASB #56 on its list of top performing bank stocks nationally, based on a five-year total return. In January 2006, Washington CEO magazine named Nelson a CEO of Influence.