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)) for the registrant and have:                                                                                 
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|   | a)                                                                                                                                                                                                                                                                                                                
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|   | b)                                                                                                                                                                                                                                                                                                                
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|   | c)                                                                                                                                                                                                                                                                                                                
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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 3, 2004 | /s/ Gregory D. Newton   | 
|----------------------- | ----------------------- | 
|                        |                         | 
|                        | Gregory D. Newton      
|                        | Chief Financial Officer

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