EXHIBIT 16


March 16, 2004


Securities and Exchange Commission
Washington, D.C. 20549


Ladies and Gentlemen:

We were principal accountants for Cascade Financial Corporation (Company) and,
under the date of February 20,  2004, we reported on the consolidated financial
statements of the Company as of and for the years ended December 31, 2003 and
2002.  On November 10, 2003, we were notified that the Company engaged Moss
Adams LLP as its principal accountant for the year ending December 31, 2004
and that the auditor-client relationship with KPMG LLP would cease upon
completion of the audit of the Company's consolidated financial statements as
of and for the year ended December 31, 2003, and the issuance of our report
thereon.  We have read the Company's statements included under Item 4 of its
Form 8-K/A dated March 15, 2004, and we agree with such statements, except that
we are not in a position to agree or disagree with the Company's statement that
the Audit Committee of the  Board of Directors engaged Moss Adams LLP and we
are not in a position to agree or disagree with the Company's statement that
Moss Adams LLP were not engaged regarding the application of accounting
principles to a specified transaction or the type of audit opinion that might
be rendered on the Company's consolidated financial statements.

Very truly yours,

/s/   KPMG LLP
Seattle, WA