Opus Bank is pleased to announce it provided:

Title: Cascade Medical Center
Amount: $7,889,000
Month: August
Year: 2017

Cascade Medical Center

Opus Bank’s Public Finance division provides $7.88 Million in General Obligation Bond Refinancing

Overview of Transaction

  • The Public Hospital District No. 1 of Chelan County (“District”), doing business as Cascade Medical Center, was formed in 1965 and operates a 9-bed acute care hospital and a medical clinic in Leavenworth, WA.
  • The District serves a population of over 10,000 residents, visitors, and businesses in western portion of the County.

Significance of Transaction

  • Opus Bank worked closely with the District’s staff and financing team to refinance the District’s Unlimited Tax General Obligation bonds, saving more than $1,000,000 for the local taxpayers over the next 13 years.

Opus Bank's Role

  • The refinancing was completed on a quick turn-around schedule, maximizing the tax savings benefits for local residents and business owners.

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