updated 1/4/2011 6:16:27 PM ET 2011-01-04T23:16:27

EVERETT, Wash., Jan. 4, 2011 (GLOBE NEWSWIRE) -- Cascade Financial Corporation (Nasdaq:CASB), parent company of Cascade Bank, today announced that it plans to report fourth quarter 2010 results after the market closes on Tuesday, January 25, 2011. Management will host an analyst call on Wednesday, January 26 at 11:00 a.m. PST (2:00 p.m. EST) to discuss the results. The call will also be broadcast live via the internet.

Interested investors may listen to the call live or via replay at www.cascadebank.com . Investment professionals are invited to dial (480) 629-9722 to participate in the call. A replay will be available for one week at (303) 590-3030, using access code 4395593. 

About Cascade Financial

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 maintains an "Outstanding" CRA rating and has proudly served the Puget Sound region for over 90 years. Cascade Bank operates 22 full service branches in Everett, Lynnwood, Marysville, Mukilteo, Shoreline, Smokey Point, Issaquah, Clearview, Woodinville, Lake Stevens, Bellevue, Snohomish, North Bend, Burlington and Edmonds.

In November 2010, Cascade Bank was named Favorite Snohomish County (with fewer than 250 employees) in NW.Jobs.com's People's Picks campaign for the second year in a row. 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.  

CONTACT: Cascade Bank
         Investor Contacts:
         Carol K. Nelson, CEO
         Debbie Johnson, CFO
         425.339.5500
         www.cascadebank.com

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