Market Overview

INVESTOR ALERT: Brower Piven Commences An Investigation Into The Proposed Sale Of Cascade Bancorp And Encourages Investors To Contact The Firm For Additional Information

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The securities litigation law firm of Brower Piven, A Professional
Corporation, has commenced an investigation into possible breaches of
fiduciary duty and other violations of state law by the Board of
Directors of Cascade Bancorp (NASDAQ:CACB) ("Cascade" or the "Company")
relating to the proposed buyout of Cascade by First Interstate
BancSystem Inc.

Under the terms of the agreement, Cascade shareholders are anticipated
to receive 0.14864 shares of First Interstate Class A common stock and
$1.91 in cash in exchange for each share of Cascade common stock held.
The firm's investigation seeks to determine, among other things, whether
the Company's Board of Directors failed to satisfy their duties to
shareholders, including whether the Board adequately pursued
alternatives to the acquisition and whether the Board obtained the best
price possible for the Company's shares of common stock.

If you currently own common stock of Cascade and believe that the
proposed buyout price is too low, and you would like to learn more about
the investigation being conducted by Brower Piven, please visit our
website at http://www.browerpiven.com/currentinvestigations.html.
You may also request more information by contacting Brower Piven either
by email at hoffman@browerpiven.com
or by telephone at (410) 415-6616.

Attorneys at Brower Piven have extensive experience in litigating
securities and other class action cases and have been advocating for the
rights of shareholders since the 1980s.

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