Summary of CASCADE BANCORP

Changes in Registrant's Certifying Accountant, Financial Statements and Exhibit

ITEM 4.01 CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT

On June 1, 2009, Registrant's independent registered public accounting firm, Symonds, Evans & Company, P.C. merged into Delap LLP. On July 24, 2009, Registrant's audit committee authorized the engagement of Delap LLP as the Registrant's independent registered public accounting firm for fiscal 2009. It is anticipated that the coordinating engagement partner for Registrant at Symonds, Evans & Company, P.C. will remain the coordinating engagement partner at Delap LLP.

During the two preceding fiscal years and the interim period from January 1, 2009 through July 29, 2009, Registrant did not consult with Delap LLP regarding either the application of accounting principles to a specified transaction, or the type of audit opinion that might be rendered on Registrant's financial statements, and did not consult with Delap LLP as to any matter that was either the subject of a disagreement or a reportable event.

During the two preceding fiscal years and the interim period from January 1, 2009 to the date of the merger between Symonds, Evans & Company, P.C. and Delap LLP, there were no disagreements on any matters of accounting principles or practices, financial statement disclosures or auditing scope or procedures between Symonds, Evans & Company, P.C. and Registrant. During the two preceding fiscal years, the opinion of Symonds, Evans & Company, P.C. did not contain an adverse opinion or a disclaimer of opinion, nor was it qualified or modified as to uncertainty, audit scope or accounting principles. For the fiscal year ended December 31, 2007, Symonds, Evans & Company, P.C. opined that Registrant had not maintained effective internal control over financial reporting as of December 31, 2007, based on the COSO criteria. The material weaknesses identified by Symonds, Evans & Company, P.C. in its attestation report for 2007 were discussed with them by Registrant's Audit Committee. The Registrant has authorized personnel from Symonds, Evans & Company, P.C. to respond fully to inquiries from Delap LLP concerning the identified material weaknesses.