Current CEO Moss Intent to Retire in 2012 Previously Announced
Cascade Bancorp and Bank of the Cascades, a wholly-owned subsidiary of Bancorp announced that it has named Terry E. Zink Chief Executive Officer effective January 1, 2012 subject to regulatory approval.
Zink most recently served as president and chief executive officer of Fifth Third Bank Chicago, an affiliate of the Fifth Third Bancorp network. He was also responsible for the oversight of the other 18 affiliates within the Bank network and the strategic oversight of the Retail and Small Business Banking lines. Prior to joining Fifth Third Bank, Zink served nearly 17 years with Wells Fargo & Company in several senior management positions in California and Arizona.
As president and chief executive officer of Fifth Third Bank Chicago, Zink managed the Bank’s strategic growth throughout Chicago and Northern Indiana. This role included overseeing operations of approximately 1,900 employees, 190 branches, and more than $12 billion in assets. His experience also includes oversight of commercial and retail banking, small business, mortgage and private banking.
Throughout his career Zink has maintained a commitment to supporting the development of strong communities. In support of this commitment, he has been instrumental in implementing banking programs designed to make a positive impact on the people and neighborhoods they serve.
Zink’s acceptance of the chief executive officer position concludes an extensive nationwide search to succeed Patricia L. Moss, the company’s current chief executive officer. Moss announced in July 2011 her intent to retire in July 2012. After Zink assumes the responsibilities of Chief Executive Officer Moss will continue to serve on the company’s board of directors, will remain active in the community and will assist Zink in providing a smooth transition period for customers, shareholders and employees until her retirement.
Cascade Bancorp Chair Gary Hoffman commented, “We are very pleased to have Terry Zink join our company in this leadership role. His experience, strengths and expertise will provide valued leadership as we continue to grow our company while responding to financial needs and opportunities in our markets.” Hoffman continued, “We remain very appreciative of Patricia Moss’s leadership as CEO for the past thirteen years and recognize her achievements and contribution on behalf of Bank of the Cascades. Additionally, we are pleased she will be available to work together with Mr. Zink until her retirement date to ensure a successful transition.”
Zink earned his bachelor of arts degree in business management from Saint Mary’s College of California in Moraga, California. His long history of community commitment and involvement have most recently included hair of the Metro Chicago Heart Walk (American Heart Association), Board of Trustees for Adler Planetarium and Advocate Charitable Foundation, as well as the Board of Directors of Chicago Chamber of Commerce.
About Cascade Bancorp and Bank of the Cascades
Cascade Bancorp (NASDAQ: CACB), headquartered in Bend, Oregon, and its wholly-owned subsidiary, Bank of the Cascades, operates in Oregon and Idaho markets. Founded in 1977, Bank of the Cascades offers full-service community banking through 32 branches in Central Oregon, Southern Oregon, Portland/Salem and Boise/Treasure Valley. The Bank has a business strategy that focuses on delivering the best in community banking for the financial well-being of customers and shareholders. It executes its strategy through the consistent delivery of full relationship banking focused on attracting and retaining value driven customers.
www.botc.com.
