Bank of the Cascades names new president
Chip Reeves has been named president and chief operating officer for Bank of the Cascades. Reeves has been executive vice president and chief banking officer since 2012. His promotion is part of the Bend-based bank's leadership planning, according to a press release.
Reeves' promotion coincides with Bank of the Cascades folding in 15 former Bank of America branches in Southern Oregon, the Oregon coast and southwest Washington, scheduled to take place March 4.
“Chip’s leadership has proven a driving force for our bank as we moved forward these past years,” said CEO Terry Zink, in a statement. “Under his leadership, we established a commercial banking office in Seattle, which has fruitfully leveraged the value of our deposit franchise, re-established the bank as a leading SBA lender serving communities across the Northwest, accelerated mortgage originations across the bank, added equipment financing service, including aircraft lending, and grown our derivative business through which we provide customer interest rate swaps.”
Reeves joined Bank of the Cascades in 2012 from Fifth Third Bancorp, where he was market president for Chicago operations. He also was head of the Chicago commercial banking group and Bancorp senior vice president, special assets, in Cincinnati.