Item 8.01 Other Events
Cascade Financial Corporation (Nasdaq: CASB) announced today that the Company filed a shelf registration statement on Form S-3 with the Securities and Exchange Commission ("SEC") on December 19, 2008. The shelf registration statement, when declared effective by the SEC, registers the shares of series A preferred and the warrant the Company issued to the U.S. Treasury on November 21, 2008 for $38,970,000, and the 863,442 shares of common stock reserved for exercise of the warrant, and will allow the Company to raise up to $60 million of additional capital from time to time, through the sale of common stock, preferred stock, senior debt securities, subordinated debt securities, purchase contracts, units, warrants and rights.
The information contained in this Item 8.01 disclosure included with this Current Report, is being furnished pursuant to Item 7.01 and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section, nor shall such information be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act, except as otherwise stated in the such filing.
This report may contain "forward-looking statements" that are subject to risks and uncertainties. These forward-looking statements describe management's expectations regarding future events and developments. Readers should not place undue reliance on forward-looking statements, which reflect management's views only as of the date hereof. The words "should," "anticipate," "expect," "will," "believe," and words of similar meaning are intended, in part, to help identify forward-looking statements. Future events are difficult to predict, and the expectations described above are subject to risks and uncertainties that may cause actual results to differ materially. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those anticipated, estimated or expected. In addition to discussions about risks and uncertainties set forth from time to time in the Company's filings with the Securities and Exchange Commission, factors that may cause actual results to differ materially from those contemplated in these forward-looking statements include, among others:
(1) the extent and duration of continued economic and market disruptions and governmental actions to address these disruptions; (2) the risk of new and changing legislation, regulation and/or regulatory actions; (3) pending litigation; (4) local and national general and economic conditions; (5) changes in interest rates; (6) reductions in loan demand or deposit levels; and
(7) changes in loan collectibility, defaults and charge-off rates. Cascade Financial Corporation does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements were made. Any such statements are made in reliance on the safe harbor protections provided under the Securities Exchange Act of 1934, as amended.

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