updated 8/27/2010 6:18:57 PM ET 2010-08-27T22:18:57

EVERETT, Wash., Aug. 26, 2010 (GLOBE NEWSWIRE) -- Cascade Bank, the principal operating subsidiary of Cascade Financial Corporation (Nasdaq:CASB), announced today that employees have collected more than 20 boxes of school supplies plus hundreds of dollars in donations to benefit YWCA of King and Snohomish County in its annual school drive. This is the sixth consecutive year Cascade has conducted a school supply drive to benefit YWCA.

Each of Cascade's 22 branches collected school supplies including crayons, rulers, glue and backpacks during the three-week drive. Cascade also collected several hundred dollars worth of monetary donations, which will allow the YWCA to purchase additional needed items. The YWCA will distribute the school supplies to elementary, middle and high school students in need in Snohomish and King County.

"Cascade's employees and customers continue to support important community fundraisers and their generous donations help local children in need start school well prepared," says Cascade President and CEO Carol K. Nelson. "We are pleased to support our local YWCA's efforts, which make a difference in the daily lives of families in our area."

About Cascade Bank

Established in 1916, Cascade Bank, the only operating subsidiary of Cascade Financial Corporation, is a state chartered commercial bank headquartered in Everett, Washington. Cascade Bank has proudly served the Puget Sound region for over 90 years and operates 22 full service branches in Everett, Lynnwood, Marysville, Mukilteo, Shoreline, Smokey Point, Issaquah, Clearview, Woodinville, Lake Stevens, Bellevue, Burlington, Snohomish, North Bend and Edmonds. Visit www.cascadebank.com for more information.

In October 2009, Cascade was voted Favorite Snohomish County Company (with fewer than 250 employees) in NWjobs.com's 2009 Peoples' Picks campaign.  June 2009, Cascade was ranked #55 on the Seattle Times' Northwest 100 list of public companies. In April 2010, Cascade was ranked #8 on the Puget Sound Business Journal's list of largest bank companies headquartered in the Puget Sound area.

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