Shareholders of Cascade Bancorp, parent company of Bank of the Cascades, overwhelmingly approved the Bend-based bank’s merger with Home Federal Bancorp, according to unofficial results of shareholder votes tabulated this morning.

Nearly 100 percent of Cascade Bancorp shareholders voted in favor, according to an unofficial final count of proxy votes, said Cascade President and CEO Terry Zink. He said Home Federal shareholders also voted in favor of the merger. Both banks held special meetings at 9 a.m. today to record shareholder votes.

Cascade Bancorp announced plans to merge with Nampa, Idaho, based Home Federal in October. The new bank, under the Bank of the Cascades banner, will hold about $2.5 billion in assets.

The merger does not become official until midnight, Zink said. Consolidation of Home Federal customer accounts with Bank of the Cascades is scheduled to occur May 27.

Cascades Executive Vice President Debbie Amerongen said she expected a seamless transition of accounts.

— Joseph Ditzler