Zink will take the helm at Cascade on Jan. 1, the company said in a press release late Thursday. He will succeed Patricia L. Moss, who announced plans to retire in July. Moss will remain a director of the $1.5 billion-asset company.
Zink's most recent position was president and CEO of Fifth Third Bank Chicago, managing 190 branches and more than $12 billion in assets. He was also an executive vice president at the company level.
Bank of the Cascades had been a strong performer under Moss for many years, but it was hit hard by the real estate crash and was running low on capital until it raised $177 million from private-equity investors late last year.
The company appears to have regained its footing. In the second quarter it earned $2 million, compared to a loss of $336,000 in the same period last year.
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