Bank of the Cascades, Bend, Ore., a subsidiary of Cascade Bancorp, has hired Michael Delvin as its executive vice president and chief operating officer, a newly created post.

Mr. Delvin had been executive vice president and chief financial officer at Security Bank Holding Co. in Coos Bay, Ore., for two years, and earlier was executive vice president of its Security Bank.

Before he joined Security in 1992 he was a district manager and vice president at First Interstate Bank in Oregon.

Cascade Bancorp has $240 million of assets.

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