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): January 2531, 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 23.0201 ~~Results~~Notice of ~~Operations~~Delisting ~~and~~or ~~Financial~~Failure ~~Condition~~to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

On ~~January~~August 253, ~~2011~~2010, Cascade Financial Corporation ~~issued~~(the aCompany) ~~press~~announced ~~release~~that ~~announcing~~it ~~its~~had ~~financial~~received ~~results~~notice ~~for~~from the ~~quarter~~Nasdaq Stock Market stating that the minimum bid price of the Company’s common stock was below $1.00 per share for 30 consecutive business days and ~~year~~that ~~ended~~the ~~December~~Company was therefore not in compliance with Nasdaq Marketplace rule 5450(a)(1). The notification letter stated that the Company would be afforded 180 calendar days, or until January 31, ~~2010~~2011, to regain compliance with the minimum closing bid price requirement. ATo ~~copy~~regain compliance, the closing bid price of the ~~press~~Company’s ~~release~~common isstock ~~furnished~~would asneed ~~Exhibit~~to ~~99.~~meet or exceed $1.00 toper ~~this~~share ~~Report~~for at least ten consecutive business days.

~~The~~On ~~information~~December in8, ~~this~~2010, ~~Form~~the ~~8-K~~Company ~~and~~transferred the ~~attached~~listing ~~Exhibit~~of ~~shall~~its ~~not~~securities befrom ~~deemed~~the ~~filed~~Nasdaq ~~for~~Global ~~purposes~~Market ofto ~~Section~~the 18Nasdaq Capital Market, and, as a result, the Company was afforded the remainder of the ~~Securities~~180 ~~Exchange~~day ~~Act~~period, or until January 31, 2011, to regain compliance with the minimum $1.00 bid price per share requirement. The Nasdaq Capital Market is one of ~~1934~~the three market tier designations for Nasdaq-listed stocks, ~~nor~~and ~~shall~~presently itincludes beover ~~deemed~~475 ~~incorporated~~companies. The trading of the Company’s stock is unaffected by ~~reference~~this inchange ~~any~~and ~~filing~~continues to be traded under the “CASB” trading symbol. Securities ~~Act~~listed ofon ~~1933,~~the ~~except~~Nasdaq asCapital ~~shall~~Market bemust ~~expressly~~satisfy ~~set~~all ~~forth~~applicable byqualification ~~specific~~requirements ~~reference~~for inNasdaq ~~such~~securities ~~filing~~and all companies listed on the Nasdaq Capital Market must meet certain financial requirements and adhere to Nasdaq’s corporate governance standards.

~~ITEM~~The 9Company did not meet the minimum $1.0100 bid price per share requirement as of January 31, 2011. ~~Financial~~However, ~~Statements~~on February 1, 2011, the Company was notified by Nasdaq staff that it was granted an additional 180 calendar day period, or until August 1, 2011, to regain compliance with the minimum $1.00 bid price per share requirement. Nasdaq’s approval of the extension was based on the Company meeting the continued listing requirement for market value of publicly held shares and ~~Exhibits~~all other applicable requirements for initial listing on the Nasdaq Capital Market with the exception of the bid price requirement, and the Company’s written notice of its intention to meet the $1.00 per share requirement during the additional 180 day period by effecting a reverse stock split, if necessary.

(d)	Exhibit
	99.1	Press Release dated January 25, 2011.

SIGNATURE

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: ~~January~~February 253, 2011

CASCADE FINANCIAL CORPORATION By: /s/ ~~Carol~~Debra KL. ~~Nelson~~Johnson ~~Carol~~Debra KL. ~~Nelson~~Johnson Executive Vice President and ~~CEO~~CFO

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