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July 15, 2016

Bank of the Cascades

Bank of the Cascades is expanding its Small Business Administration lending into Seattle. The bank has “preferred lender” status and hired Gwen Schaeffer (formerly Lundgren) as vice president and government loan specialist to lead the program here. Schaeffer has nearly 25 years of experience at the SBA, Umpqua Bank, CIT Group and Merrill Lynch. Since 2013, the bank has provided more than $100 million in SBA financing to small businesses in Oregon and Idaho. The bank will acquire Prime Pacific Bank to help serve Snohomish and King counties.




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