Cascade Bancorp Inc. in Bend, Ore., is looking for a lifeline after stumbling badly in recent months.

The $2.2 billion-asset company missed a regulatory deadline last month to improve capital levels — which have plummeted as a result of losses in its residential portfolio. The company tried to raise capital in a December public offering but failed. Also, a contract with its largest shareholder, David Bolger, to invest more capital expired at yearend.

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