Exhibit 31.2

CERTIFICATION OF CHIEF FINANCIAL
OFFICER

I, Gregory D. Newton, Chief Financial
Officer, certify that:

|1) |  | I have reviewed this annual report on Form 10-K of Cascade
      Bancorp;                                                                                                                                                                                                                                                                                    
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|2) |  | Based on my knowledge, this report does not contain any untrue
      statement of a material fact or omit to state a material fact necessary to
      make the statements made, in light of the circumstances under which such
      statements were made, not misleading with respect to the period covered by
      this report;                           
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|3) |  | Based on my knowledge, the financial statements, and other
      financial information included in this report, fairly present in all
      material respects the financial condition, results of operations and cash
      flows of the registrant as of, and for, the periods presented in this
      report;                                              
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|4) |  | The registrants other certifying officer and I are responsible for
      establishing and maintaining disclosure controls and procedures (as
      defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal
      control over financial reporting (as defined in Exchanges Act Rules
      13a-15(f) and 15d15(f)) for the registrant and have:
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|   |  | a)                                                                                                                                                                                                                                                                                                                                                           
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|   |  | b)                                                                                                                                                                                                                                                                                                                                                           
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|   |  | c)                                                                                                                                                                                                                                                                                                                                                           
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|   |  | d)                                                                                                                                                                                                                                                                                                                                                           
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|5) |  | The registrants other certifying officer and I have disclosed,
      based on our most recent evaluation of internal control over financial
      reporting, to the registrants auditors and the audit committee of the
      registrants board of directors (or persons performing the equivalent
      functions):                                      
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|   |  | a)                                                                                                                                                                                                                                                                                                                                                           
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|   |  | b)                                                                                                                                                                                                                                                                                                                                                           

|Dated: | March 5, 2008 |  |                               | /s/ Gregory D. Newton | 
|------ | ------------- |  | ----------------------------- | --------------------- | 
|       |               |  | Gregory D. Newton            
|       |               |  | Chief
      Financial Officer

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