CORRECTING and REPLACING Cascade Financial to Present at Sandler O'Ne

    Business Editors
    CORRECTION...by Cascade Financial Corporation
    Sandler O'Neill & Partners West Coast Financial Services
    Conference

    EVERETT, Wash.--(BUSINESS WIRE)--March 3, 2005--In BW5905 issued March 2, 2005: First graph, second sentence, should read 4:15 p.m. PST (sted 3:40 p.m. PST).

    The corrected release reads:

    CASCADE FINANCIAL TO PRESENT AT SANDLER O'NEILL CONFERENCE

    Cascade Financial Corporation (Nasdaq:CASB), parent company of Cascade Bank, today announced plans to participate in the Pacific Northwest Banking Panel at the Sandler O'Neill & Partners West Coast Financial Services Conference. Carol K. Nelson, President and CEO of Cascade, will present on March 10, 2005, at 4:15 p.m. PST.
    The conference, set for March 10 and 11 at Southern California's Four Seasons Resort, Aviara, will be available in its entirety, both live and via 30-day replay, at www.sandleroneill.com. In addition, the audio of the conference can be heard by dialing (800) 239-8730 and referencing Session One of the Sandler O'Neill conference.

    About Cascade Financial

    Established in 1916, Cascade Bank, the only operating subsidiary of Cascade Financial Corporation, is a state chartered commercial bank headquartered in Snohomish County, Washington. Cascade Bank operates 16 full service offices, located in Everett, Lynnwood, Marysville, Mukilteo, Smokey Point, Issaquah, Clearview, Woodinville, Lake Stevens, Bellevue and Snohomish. Issaquah Bank, a division of Cascade Bank, operates offices in Issaquah and North Bend.
    In July 2004, US Banker magazine ranked Cascade #39 out of the Top 200 Publicly Traded Community Banks with less than $1 billion in assets, based on three-year average return on equity. In October, the same publication named President and CEO Carol Nelson one of the 25 Most Powerful Women in Banking.

--30--APS/se*

CONTACT: Cascade Financial Corporation Carol K. Nelson or Lars Johnson, 425-339-5500 or www.cascadebank.com

KEYWORD: CALIFORNIA WASHINGTON INDUSTRY KEYWORD: BANKING SOURCE: Cascade Financial Corporation

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