Cascade Financial files $60 million shelf registration

By Devika Patel

Knoxville, Tenn., Dec. 19 - Cascade Financial Corp. filed a $60 million shelf registration in an S-3 filing with the Securities and Exchange Commission.

The registration covers senior debt securities, subordinated debt securities, common shares, preferred shares, purchase contracts, units, warrants, rights, series A preferreds and treasury warrants.

The securities may be structured as convertibles.

Proceeds will be used for general corporate purposes.

The company also registered the $38.97 million in series A fixed-rate cumulative perpetual preferred stock it sold to the U.S. Treasury under the Troubled Asset Relief Program.

Cascade is a bank holding company based in Everett, Wash.

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