UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 1731, 2011

CASCADE FINANCIAL CORPORATION

(Exact name of registrant as specified in its charter)

Washington	000-25286	91-1661954
(State of other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)
2828 Colby Avenue, Everett, WA 98201
(Address of principal executive offices, including Zip Code)
(425) 339-5500
(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨	Written communications pursuant to Rule 425 under the Section Act (17 CFR 230.425)
¨	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12).
¨	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240-14d-2(b)).
¨	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)).

ITEM 5.07 Submission of Matters to a Vote of Security Holders

On May 31, 2011, Cascade Financial Corporation (“Cascade Financial”) held a special meeting of its shareholders relating to its pending merger with Opus Bank (“Opus”) pursuant to the Agreement and Plan of Reorganization, dated as of March 3, 2011, among Cascade Financial, Cascade Bank, Opus Acquisition, Inc. (a wholly-owned subsidiary of Opus) and Opus (the “Merger Agreement”). Pursuant to the Merger Agreement, Opus Acquisition, Inc. will be merged with and into Cascade Financial, with Cascade Financial continuing thereafter as a wholly-owned subsidiary of Opus, and Cascade Bank will be merged into Opus.

At the meeting, Cascade Financial shareholders present in person or by proxy representing approximately 74.51% of Cascade Financial’s outstanding common stock, voted to approve the merger with Opus and to adopt the Merger Agreement, based on the following vote on proposal 1:

For	Against	Abstain	Broker Non-Votes
8,339,771	740,548	63,771	0

Approximately 67.96% of Cascade Financial’s outstanding common stock was voted in favor of the merger.

Since the merger proposal was approved, it was not necessary to consider proposal 2, the proposal to adjourn the meeting to a later date in the event there were not sufficient votes at the time of the meeting to approve and adopt the Merger Agreement, and the results of the vote on proposal 2 were not announced at the meeting.

ITEM 8.01 Other Events

On ~~May~~June 171, 2011, Cascade Financial ~~Corporation (“Cascade Financial”)~~ issued a press release announcing ~~that~~the ~~two~~results of ~~the~~its ~~leading~~meeting ~~independent~~of ~~U.S. proxy advisory firms, Institutional Shareholder Services Inc. (“ISS”) and Glass Lewis & Co., recommended that Cascade Financial’s~~ shareholders ~~vote~~relating ~~“FOR” the proposed merger with Opus Bank (the “Merger”), and the proposal~~ to ~~adjourn~~ the ~~special~~pending ~~meeting on May 31, 2011, if necessary to solicit additional votes to approve the Merger~~merger. A copy of the press release is ~~furnished~~attached hereto as Exhibit 99.1 ~~to this Report~~ and incorporated herein by reference.

In addition, Cascade Financial will commence mailing a letter to shareholders who have not yet voted, requesting that they vote their shares “FOR” the approval of the Merger. A copy of the letter is attached as Exhibit 99.2 to the Report and incorporated by reference.

Additional Information and Where to Find It

Cascade Financial has filed with the Securities and Exchange Commission (“SEC”) a definitive proxy statement and other relevant materials in connection with the Merger described above. The definitive proxy statement has been sent to the shareholders of Cascade Financial. Before making any voting decision with respect to the Merger, shareholders are urged to read the proxy statement and the other relevant materials because they contain important information about the Merger. The proxy statement and other relevant materials and any other documents filed by Cascade Financial with the SEC, may be obtained free of charge at the SEC’s website at http://www.sec.gov or at Cascade Financial’s website at http://www.cascadebank.com under the tab “Investor Relations.” In addition, shareholders may obtain free copies of the documents filed with the SEC by calling Advantage Proxy toll-free at (877) 870-8565.

Participants in the Solicitation

Cascade Financial and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of Cascade Financial in connection with the Merger. Information about the directors and executive officers of Cascade Financial is set forth in its proxy statement on Schedule 14A filed with the SEC on May 17, 2010 and Cascade Financial’s Annual Report on Form 10-K filed on March 25, 2011. Additional information regarding the interests of participants in the solicitation of proxies in connection with the Merger is included in the definitive proxy statement filed by Cascade Financial with the SEC on April 18, 2011.

ITEM 9.01 Financial Statements and Exhibits

(d)	Exhibit Number	Document Description
	99.1	Press Release dated ~~May~~June 171, 2011.
	99.2	Letter to Shareholders dated May 18, 2011.

Forward-Looking Statements

This report contains statements that are forward-looking as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are provided to assist in the understanding of anticipated future financial results. However, such forward-looking statements involve risks and uncertainties relating to interest rates, approval and completion of the merger with Opus Bank, regulatory enforcement actions to which Cascade Financial and Cascade Bank are currently and may in the future be subject, inability to attract and retain deposits, changes in capital classifications, changes in the level of nonperforming assets and charge-offs, and general market risks. For a discussion of certain factors that may cause such forward-looking statements to differ

materially from Cascade Financial's actual results, see the company's Annual Report on Form 10-K for the year ended December 31, 2010, the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2011, and other reports filed with the Securities and Exchange Commission. Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Dated: ~~May~~June 171, 2011

CASCADE FINANCIAL CORPORATION

By: /s/ Debra L. Johnson

Debra L. Johnson

Executive Vice President and CFO

EXHIBIT INDEX

Exhibit Description

99.1 Press Release dated ~~May~~June 171, 2011.

99.2 Letter to Shareholders dated May 18, 2011.

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