annual report . 2007 annual report . 2007

rooted in the pacific northwest

As you travel throughout the Pacific Northwest, you’ll encounter a familiar sight in small towns and big cities alike: the blue and white logo of a West Coast Bank branch. From Olympia to Salem, Newport to Bend, our 63 branch banks reflect the uniqueness of each community and are staffed by people committed to turning financial aspirations into reality.

As other banks consolidate branches and steer their customers toward automated services, West Coast continues to expand its network of branches and actually looks forward to serving its customers face to face. There’s a paradox at West Coast. While its $2.6 billion in assets and full-service trust department and investment center allow it to offer the sophisticated products of a large national bank, it retains the personal service, market knowledge and local decision-making of a community bank.

West Coast Bank customers have the best of both worlds. They can take advantage of the latest technology that allows them to save time, without giving up personal service. Even in the age of remote deposits and 24/7 online banking, West Coast customers can walk into a local branch and be greeted by name.

West Coast Bank has its roots in the Pacific Northwest and those roots keep it grounded in what is really important: making sure customers are completely satisfied. So the next time you’re in Hoodsport, McMinnville or Mt. Angel, stop in. We’re here to serve you.

Inner East Portland Branch Portland, Oregon annual report . 2007

letter to shareholders

or with the financial strength of West Coast Bancorp. The Company’s balance sheet is strong and the Bank remains well capitalized under regulatory guidelines.

While 2007 was a disappointing year for us, our manage- ment team is focused on what we need to do to maintain our success in the marketplace in 2008.

The Company’s strategy has not changed. We will continue to invest in new products, branches and people. We also will continue to grow our commercial and industrial loan portfolio as we have done over the past five years. And The year 2007 was a challenging one for West Coast Bank. our commitment to our customers and communities through volunteerism and donations remains unchanged. For several years we achieved our financial goals of a 15% return on equity and an annual earnings growth rate of We continue to experience strong growth in our checking greater than 10% per diluted share. We are disappointed account offerings to consumers and small businesses. that losses experienced in our residential construction loan Since our introduction of High Performance Checking in portfolio prevented us from achieving these goals in 2007. 2004, more than 56,000 net new accounts have been This loan portfolio was comprised of loans to individual added. These new checking accounts provide continuing borrowers for the construction of permanent residences, revenue streams to the Company. vacation homes or investment/rental properties to indi- Commercial business expansion also continues, not only vidual borrowers, many of whom have been negatively through growth of the loan portfolio, but also through impacted by secondary effects of the sub-prime crisis. the cross-sale of many related offerings and treasury For the full year 2007, our reported net income was $16.8 management products such as iDeposit, payroll cards, million or $1.05 per diluted share, as compared to $29.3 lock boxes, etc. The combination of strong relationship million or $1.86 per diluted share for the full year 2006. managers, an excellent treasury management sales force and competitive products has contributed to the growth The sub-prime mortgage crisis began in the summer of in this customer segment. 2007 and continues today. The crisis has significantly reduced credit availability to home borrowers as compared In 2007, we opened five new branches: Tukwila, Wash- to last year. The unavailability of credit has decreased the ington; Portland Inner East, Bend East, Eugene West and demand for housing, which has contributed to a decline in Oregon City, Oregon. We will open Happy Valley, Oregon, new home sales and appraised home values. early in 2008.

As a result, some of our single-family residential construc- Our team members remain our most important asset and tion borrowers have been unable to obtain permanent we are pleased to report that, for the fifth consecutive year, financing and/or the current value of their constructed West Coast Bank has been recognized as one of Oregon’s residential property is now less than their loan balance, 100 Best Companies to Work For. Our people believe in which has resulted in losses to the Bank. their value to the Bank and represent the Company well in their communities. The Bank expects the provision for credit losses it took in the fourth quarter of 2007, and the resulting year-end As always, we are most grateful for your support as Centralia Branch allowance for credit losses, to be adequate to cover customers and shareholders. Centralia, Washington anticipated losses, based on information currently avail- able to us. Yours very truly, We do not believe the loss provision associated with the residential construction portfolio is indicative of any broader concerns with the remainder of our loan portfolio Robert D. Sznewajs Lloyd D. Ankeny President and CEO Chairman of the Board annual report . 2007

fully diluted earnings per share return on average equity, tangible $2.00 18% 16% 1.75 14% 1.50 12% 1.25 10% 1.00 8% 6% 0.75 financial highlights 4% 0.50 2% 2000 – 2007 0.25 0%

2000 2001 2002 2003 2004 2005 2006 2007 2000 2001 2002 2003 2004 2005 2006 2007

fully diluted earningsnet perinterest share margin return on average equity, efficiencytangible ratio $2.00 5.1% 18% 64% 16% 1.75 4.9% 63% 14% 1.50 4.7% 62% 12% 4.5% 61% 1.25 10% 4.3% 60% 1.00 8% 4.1% 6% 59% 0.75 3.9% 4% 58% 0.50 3.7% 2% 57% 0.25 3.5% 0% 56% 2000 20012000 20022001 20032002 20042003 20052004 20062005 20072006 2007 2000 20012000 20022001 20032002 20042003 20052004 20062005 20072006 2007

net charge-offsnet interest to averagemargin loans non-performing assetsefficiency to ending ratio assets 5.1% 0.40% 64% 1.25% 4.9% 0.35% 63% 1.00% 4.7% 0.30% 62% 4.5% 61% 0.25% 0.75% 4.3% 0.20% 60% 4.1% 0.15% 59% 0.50% 3.9% 0.10% 58% 0.25% 3.7% 0.05% 57% 3.5% 0.00% 56% 0.00% 2000 20012000 20022001 20032002 20042003 20052004 20062005 20072006 2007 2000 20012000 20022001 20032002 20042003 20052004 20062005 20072006 2007

net charge-offs to average loans non-performing assets to ending assets 0.40% 1.25% 0.35% WCB (1) WCB data net of non-recurring and non-core items Peer Average (2) Peers defined as 163 publicly traded banks in1.00% the U.S. with total assets between $1bln and $5bln. 0.30% Peer data as of 9/30/07. Data is from SNL DataSource. 0.25% 0.75% 0.20% 0.15% 0.50% 0.10% 0.25% Downtown Portland Branch 0.05% Portland, Oregon 0.00% 0.00% 2000 2001 2002 2003 2004 2005 2006 2007 2000 2001 2002 2003 2004 2005 2006 2007

WCB (1) WCB data net of non-recurring and non-core items Peer Average (2) Peers defined as 163 publicly traded banks in the U.S. with total assets between $1bln and $5bln. Peer data as of 9/30/07. Data is from SNL DataSource. GOVERNMENT GUARANTEED LENDING GROUP annual report . 2007

glass alchemy portland, oregon

“I wanted the dynamics of creative thinking, and that’s what I’ve found at West Coast Bank.” Susan Webb, Owner – Glass Alchemy

Susan Webb isn’t the typical president of a manufacturing The loan officer specifically recommended Jerry Burns, manager Webb sees Burns not as a banker, but as a trusted financial company. Most of her career was spent as an artist and of West Coast’s Government Guaranteed Lending Group. advisor. Glass Alchemy currently is searching for a new, sculptor, until seven years ago, when she and her husband larger facility it can purchase and Burns has suggested Henry Grimmett started their own business. Both had worked “Our loan officer knew we would be most comfortable with a options that make the most financial sense. While banks she with glass as an art medium and they saw a need to expand the community bank where we could get the extra attention we previously worked with tried to create personal connections range of colors available in borosilicate glass, which is more need,” said Webb. “I’m quite comfortable in business but I don’t by inviting her on golf outings, West Coast Bank won her trust durable and heat resistant than the “soft” glass blown by artists. know all the terminology, so I wanted a bank that wouldn’t look by providing in-depth analysis of her business. As chief technologist for the new company, Glass Alchemy, down on me for asking questions.” Grimmett created formulas that expanded the borosilicate color Her experience with West Coast reminds Webb of some useful Since moving to West Coast Bank in late 2006, Webb palette from about a dozen colors to more than 200. Today, business advice she received long ago. says the service she’s received from the Government Webb and her 12 employees manufacture the raw materials Guaranteed Lending Group and her local branch bank has “My grandmother always said ‘Know your banker.’ She never used by artists to make beads and jewelry and which are also been phenomenal. allowed me to wear jeans to the bank but, rather, I was to used in decorative fireplaces, outdoor fountains, artistic goblets dress up and find the appropriate contact person,” said Webb. and teapots. “I’ve worked with other banks and their requirements were so “I was instructed to go in the bank and talk to them, because cut and dried,” Webb said. “I wanted the dynamics of creative With the help of three local business development funding they have the solutions. And you want a bank where the thinking, and that’s what I’ve found at West Coast Bank. I can programs, Webb secured a loan to launch the company. As the solutions aren’t all cookie cutter. That’s what I’ve found at talk about my vision for the company’s future and they have business grew, her loan officer recommended she switch to a West Coast Bank.” enough packages—and the freedom to put them together—to bank that could offer more services and better interest rates. make it work.” COMMERCIAL BANKING annual report . 2007

hillsboro aviation hillsboro, oregon

“It was a very large deal in a very short period of time and financing from West Coast Bank made it possible.” Max Lyons, President – Hillsboro Aviation

Hillsboro Aviation knows what it needs in a bank: “Mickey and John take the time and effort to really understand Lyons understands that he sometimes asks a lot of the bank, responsiveness, personal service and the ability to make our business and the role we play in the aviation industry,” so he has tried to build trust between his company and the decisions quickly. said Lyons. “We like the fact that they’re a community bank decision makers at West Coast. “If I’m dealing with a client and we’re not just a number in their portfolio.” and they’re asking a lot of me, I want to know who they Access to capital and managing cash flow are essential for the are, what they’re doing and how level-headed they are. West 27-year-old-company that operates the largest flight training Both Lyons and the company’s controller, Nace Menashe, Coast Bank has the right to ask the same of me,” he said. school in the Northwest, has an aircraft fleet of 65 helicopters like having a single relationship manager assigned to their and airplanes, and sells and services aircraft and navigational account. “No matter what the question is, I call John Doty When Lyons was working on a deal in the Maldives Islands, he equipment. The company has 150 employees and operates and he either takes care of it or tracks down someone who invited West Coast Bank president Bob Sznewajs and other a 36,000 square foot facility at the Hillsboro airport and a will. He doesn’t tell me to call this person or that person. He top managers to visit the operation at Hillsboro Aviation. smaller facility at the Troutdale airport. handles it and that’s nice,” said Menashe. While bank managers toured the facility, Lyons spent an hour talking with Sznewajs. Hillsboro Aviation’s president, Max Lyons, has worked with Lyons likes the fact that West Coast Bank representatives Mickey McKay and John Doty in West Coast’s commercial understand that in the aviation sales business deals happen “Bob asked me, ‘How are we doing?’ and I told him,” said banking department for many years and the three have forged quickly. He tells about a recent situation where he had the Lyons. “I was complimentary overall and mentioned some a strong business relationship. opportunity to purchase a small fleet of aircraft from a foreign things that we would particularly benefit from in the future. government. “It was a very large deal in a very short period of He responded immediately to those suggestions and I was time and financing from West Coast Bank made it possible,” impressed with that. It goes a long way to have the president said Lyons. “If we didn’t have that kind of responsiveness, we of the organization show interest and sincerely listen.” would lose out on a lot of deals like that.” WEST COAST TRUST annual report . 2007

westridge forest products tigard, oregon

“At Westridge, we like doing business with people we trust, and I think we’ve found that with West Coast.”

Ed Soler, Dan Reid and Tim Shanafelt, Owners – Westridge Forest Products

For Tigard-based Westridge Forest Products, building rela- By the time we switched to West Coast Trust, I couldn’t even Soler compares the service Westridge has received at West tionships with its customers has been the key to its success. tell you who our account manager was.” Coast Bank and West Coast Trust to banking in the 1950s. The Personal connections are important in this business, which employees at the local branch bank know him by name and he sells Douglas Fir and Western Red Cedar to distributors The three partners like the fact that West Coast Trust is a feels comfortable calling Jan Jenson in the commercial lending nationwide. The wood is used on interiors and exteriors of local company and that it’s big enough to offer the products department or Rick Trout at West Coast Trust whenever he high-end homes and commercial buildings. of a much larger firm, yet small enough to provide personal has a question or concern. service. With their 401(k) plan in the hands of West Coast The company began its banking relationship with West Coast Trust, the three meet quarterly with chief investment officer “We’ve always viewed our banking relationship as a Bank in 2002 and in 2007 moved its company profit-sharing Rick Trout to review the performance of investments and partnership. We provide business for them and they support and 401(k) plan to West Coast Trust. Ed Soler, who owns the make any adjustments. Trout also is available to employees us in our financial needs,” said Soler. “At Westridge, we like company with partners Dan Reid and Tim Shanafelt, had used who want to discuss their individual 401(k) portfolios. doing business with people we trust, and I think we’ve found West Coast Trust’s services for his personal investments and that with West Coast.” was pleased with the results. At the same time, the mutual “It’s important to our employees to be able to sit down with fund company that administered Westridge’s 401(k) plan someone, ask questions and feel that their money is being changed ownership, leading to a steady decline in service and looked after,” said Soler. the loss of personal contact the company valued. Another aspect of West Coast Trust the partners like is that “What was previously a mutual fund company born and raised West Coast is not limited to a specific family of mutual funds. in Portland was sold once and then again,” said Soler. “The They can select from the best funds in each category without division that handled small to medium portfolios like ours was being tied to a single mutual fund company or fund manager. sold to a California firm and they downsized the support staff. PERSONAL BANKING annual report . 2007

chuck hallett lacey, washington

“...the people at West Coast Bank are really out there in the community...”

Chuck Hallett, CPA

Chuck Hallett, CPA, is co-founder and principal of Strader Hallett uses West Coast’s personal checking services and has “My clients want to know who they can trust.” said Hallett. “If I Hallett & Co., one of the most respected certified public funds in money markets accounts and certificates of deposit make a recommendation to a client, it reflects on me. I want accounting firms in the south Puget Sound region. The which, he notes, yield higher returns than those in his national to make sure it’s a place where the client will feel comfortable 25-year-old company assists clients with tax planning, brokerage accounts. He’s even recommended West Coast Bank and I have confidence that things will be done right.” financial statement preparation, audits and a wide variety of to his co-workers. Strader Hallett & Co. CPAs Mike McGauly and accounting services. As an expert in financial matters, Hallett Brent Hoshizaki also have personal accounts with West Coast Hallett has found West Coast Bank to be a great match for his knows his options, and has selected West Coast Bank for his and have been very pleased with the service and the people clients, offering them a wide range of products and services personal accounts. at the bank. along with the personal contact they value.

Hallett has been a customer of West Coast for nearly 10 years, “In this business, we network with a lot of bankers, but it “I’m not going to send my clients to a large national bank where switching from a national bank that had undergone a series seems like the people at West Coast Bank are really out they won’t know anyone and they have to deal with some out- of mergers. He said the final straw was when his national there in the community, involved in local service projects and of-state loan officer,” Hallett said. “Time is money for the small bank assessed him a $1,200 personal banker fee. “I called and organizations, from Rotary Club to the Olympia Symphony business owner and, if he has to drive across town to the asked what do I get for $1,200, and the man replied, ‘You get Orchestra. West Coast is very visible in this area.” national bank and stand in a long line to make deposits, that’s access to me.’ I told him that I had never even met him and to costing him money. West Coast has branches throughout the put the money back in my account and I’d find another bank,” In his profession, Hallett works with many owners of small- region and its rates are very competitive.” Hallett said. and medium-sized businesses and frequently they ask for recommendations on where to bank. He has no reservations about recommending West Coast Bank. annual report . 2007

West Coast Bank and West Coast Bancorp Board of Directors

Lloyd D. Ankeny Steven N. Spence Chair of the Board of Directors Chair, Audit and Personal Investments Compliance Committee Lincoln City, Oregon Senior Vice President UBS Financial Services, Inc. Michael J. Bragg Portland, Oregon Chair, Loans, Investments and Asset/Liability Committee Robert D. Sznewajs Attorney-At-Law President and Grenley, Rotenberg, Evans, Chief Executive Officer Bragg and Bodie, PC West Coast Bancorp and Portland, Oregon West Coast Bank Lake Oswego, Oregon (top row - left to right) Duane C. McDougall David J. Truitt Chair, Compensation and David J. Truitt Steven J. Oliva Personnel Committee Vice President and Owner J.F. Ouderkirk Former President and CEO Truitt Brothers, Inc. Dr. Nancy Wilgenbusch Willamette Industries Salem, Oregon Lake Oswego, Oregon (front row - left to right) Dr. Nancy Wilgenbusch Duane C. McDougall Steven J. Oliva Chair, Governance and Michael J. Bragg Robert D. Sznewajs President and CEO Nominating Committee Lloyd D. Ankeny Hi-School Pharmacy, Inc. President Steven N. Spence Vancouver, Washington Marylhurst University Portland, Oregon J.F. Ouderkirk Chair, West Coast Trust Board Attorney-at-Law Ouderkirk & Hollen Newport, Oregon

West Coast Bank and West Coast Bancorp Executive Management Team

James D. Bygland* Sandra C. Mico Executive Vice President President Chief Information Officer West Coast Trust Portland, Oregon Timothy P. Dowling Regional President Richard R. Rasmussen* South Puget Sound Executive Vice President General Counsel Anders Giltvedt* Corporate Secretary Executive Vice President Chief Financial Officer Hadley Robbins* Executive Vice President (top row - left to right) David S. Hansen Chief Credit Officer Cynthia J. Sparacio Regional President James D. Bygland Portland-Vancouver Cynthia J. Sparacio* Richard R. Rasmussen Executive Vice President Xandra T. McKeown Kenneth L. Jundt Human Resources and Hadley Robbins Regional President Administration David S. Hansen Coast-Valley (front row - left to right) Robert D. Sznewajs* Sandra C. Mico Xandra T. McKeown* President and Anders Giltvedt Executive Vice President Chief Executive Officer Robert D. Sznewajs Commercial Banking West Coast Bancorp and Timothy P. Dowling West Coast Bank Kenneth L. Jundt

*Also West Coast Bancorp Officers annual report . 2007

West Coast BanK West Coast Trust West Coast Trust Officers Board of Directors Management Team

Robert D. Sznewajs* Dagmar DiStefano Kevin M. McClung* J.F. Ouderkirk Sandra C. Mico President and Chief Executive Officer Senior Vice President Senior Vice President Chair President Retail Lending Controller Attorney-at-Law West Coast Trust James D. Bygland* Ouderkirk & Hollen Executive Vice President Lisa K. Dow Laura McKay Newport, Oregon David P. Bell Chief Information Officer Senior Vice President Senior Vice President Senior Vice President Regional Credit Administrator Treasury Management Michael J. Bragg Trust Operating Services Timothy P. Dowling Attorney-at-Law Regional President Dan Ebert Michael A. McKay Grenley, Rotenberg, Evans, B. Edward Duvall Puget Sound Senior Vice President Senior Vice President Bragg & Bodie, PC Vice President Commercial Banking Commercial Banking Portland, Oregon Trust Market Manager Anders Giltvedt* Executive Vice President Jill Faughender Kristie L. Nockleby Steven J. Oliva Michael S. Macnab Chief Financial Officer Senior Vice President Senior Vice President President and CEO Senior Vice President Human Resources Sales Administration Hi-School Pharmacy, Inc. Client Services Manager David S. Hansen and Marketing Vancouver, Washington Regional President Laurie Ferris Tom McGirr Portland-Vancouver Senior Vice President Peter D. Perrine Sandra C. Mico Vice President Compensation and Benefits Senior Vice President President Trust Market Manager Kenneth L. Jundt Commercial Real Estate Division West Coast Trust Regional President Dahr Fry Portland, Oregon William R. Trout Coast-Valley Senior Vice President Tom Provancha Senior Vice President Commercial Banking Senior Vice President David J. Truitt Chief Investment Officer Xandra T. McKeown* Special Assets Vice President and Owner Executive Vice President Marcia Godsey Truitt Brothers, Inc. Tim Whalen Commercial Banking Senior Vice President Steven J. Ryan Salem, Oregon Vice President Investment Program Manager Senior Vice President Client Services Manager Richard R. Rasmussen* Commercial Banking Executive Vice President Ann Higgins General Counsel Senior Vice President Gregory B. Schumacher Corporate Secretary Retail Operations Senior Vice President Internal Audit and Compliance Hadley S. Robbins* Craig B. Hummel Executive Vice President Senior Vice President Richard M. Virkelyst Chief Credit Officer Regional Credit Administrator Senior Vice President Credit Review Cynthia J. Sparacio* Don Kasinger Executive Vice President Senior Vice President Kenneth Wise Human Resources and Retail Loans Senior Vice President Administration Regional Credit Administrator Michael Kiyokawa Jeffery A. Bertalotto Senior Vice President Senior Vice President Regional Credit Administrator *Also West Coast Bancorp Officers. Commercial Banking Bill Malak Gary E. DesRochers Senior Vice President Senior Vice President Employee Development Commercial Banking David B. Martz Bob Dickie Senior Vice President Senior Vice President Finance Commercial Real Estate Division

Centralia Branch Centralia, Washington annual report . 2007

oregon branches washington branches west coast trust west coast investment center

Airport Way and 122nd Gresham Molalla Salem South Centralia West Coast Trust services are Investment Center services are available by appointment 5083 NE 122nd Avenue 473 NW Burnside Road 401 E Main Street 3305 Commercial Street SE 1100 Harrison Avenue available by appointment at all at all West Coast Bank branches. To place trades or to Portland, Oregon 97230 Gresham, Oregon 97030 Molalla, Oregon 97038 Salem, Oregon 97302 Centralia, Washington 98531 West Coast Bank branches. contact an investment representative near you, call toll free (503) 257-6511 (503) 618-0939 (503) 829-2237 (503) 399-2978 (360) 736-0722 (888) 569-8823. Main Offices Beaverton Happy Valley Monmouth Salem West Chehalis Securities provided by PrimeVest Financial Services, Inc., an 3600 SW Cedar Hills Boulevard (Opening 2/08) 200 E Main Street 1060 Wallace Road NW 290 NW Chehalis Avenue independent registered broker/dealer. Member SIPC/NASD. Beaverton, Oregon 97005 15820 SE Happy Valley Town Monmouth, Oregon 97361 Salem, Oregon 97304 Chehalis, Washington 98532 Salem Not FDIC insured; no bank guarantee; may lose value. (503) 643-7643 Center Drive (503) 838-0601 (503) 399-2955 (360) 748-1887 301 Church Street NE Happy Valley, Oregon 97086 Salem, Oregon 97301 Bend Phone: TBA Newberg Silverton Hawks Prairie (503) 399-2993 359 SW Century Drive 3500 Portland Road 315 E Main Street 8140 Freedom Lane, Bldg E. Bend, Oregon 97702 Hillsboro Newberg, Oregon 97132 Silverton, Oregon 97381 Suite A Portland west coast bancorp (541) 318-6137 310 SE Washington Street (503) 538-3184 (503) 873-5376 Lacey, Washington 98516 1000 SW Broadway, Suite 1100 Hillsboro, Oregon 97123 (360) 923-0638 Portland, Oregon 97205 Corporate Office Human Resources Bend East (503) 693-6792 Newport Stayton (503) 224-2472 5335 Meadows Road, Suite 201 550 Center Street NE 62080 Dean Swift Road, Suite 180 506 SW Coast Highway 1800 Wilco Road Hoodsport Lake Oswego, Oregon 97035 Salem, Oregon 97301 Bend, Oregon 97701 Inner East Portland Newport, Oregon 97365 Stayton, Oregon 97383 N 24341 Highway 101 Vancouver (503) 598-3241 (503) 315-2836 (541) 617-2859 MLK and Main (541) 265-6666 (503) 769-7307 Hoodsport, Washington 98548 500 E Broadway, Suite 100 1234 SE Martin Luther King Jr. Blvd. (360) 877-5272 Vancouver, Washington 98666 Canby Portland, Oregon 97214 Newport North Sublimity (360) 906-4277 1455 SE First Avenue (503) 813-8370 2350 N Coast Highway (Located in Marian Estates) Lacey government guaranteed lending group Canby, Oregon 97013 Newport, Oregon 97365 390 Church Street SE 665 Woodland Square Loop SE Or call toll free (800) 451-3049 (503) 651-3157 Keizer (541) 265-6691 Sublimity, Oregon 97385 Lacey, Washington 98503 4260 River Road N (503) 769-8336 (360) 456-2400 500 E Broadway, Suite 380 Charbonneau Keizer, Oregon 97303 North Plains Vancouver, Washington 98660 31840 SW Charbonneau Drive (503) 399-2966 10355 NW Glencoe Road, Suite 100 Tigard Olympia Downtown (360) 906-9629 Suite F North Plains, Oregon 97133 11675 SW Pacific Highway 303 Union Avenue SE Toll free (800) 716-7474 Wilsonville, Oregon 97070 Keizer (503) 647-2245 Tigard, Oregon 97223 Olympia, Washington 98501 (503) 694-6633 (Located in Willamette Lutheran) (503) 598-7482 (360) 753-2400 7693 Wheatland Road N Oregon City Clackamas Keizer, Oregon 97303 19550 Molalla Avenue, Suite 139 Toledo Olympia West 11690 SE 82nd Avenue (503) 371-2671 Oregon City, OR 97045 222 NE Highway 20 2850 Harrison Avenue NW Portland, Oregon 97086 Phone TBA Toledo, Oregon 97391 Olympia, Washington 98502 (503) 387-4040 Keizer Retirement Center (541) 336-1326 (360) 754-2400 5210 River Road N Pearl District Cornelius Pass Keizer, Oregon 97303 1207 NW Glisan Tualatin-Sherwood Orchards 21995 NW Imbrie Drive (503) 371-2670 Portland, Oregon 97209 8805 SW Tualatin-Sherwood Road 7500 NE 117th Avenue Hillsboro, Oregon 97124 (503) 274-0655 Tualatin, Oregon 97062 Vancouver, Washington 98662 (503) 615-0303 King City (503) 691-9929 (360) 253-3785 15340 SW Royalty Parkway Portland Dallas King City, Oregon 97224 1000 SW Broadway, Suite 100 Waldport Shelton 150 W Ellendale (503) 968-6643 Portland, Oregon 97205 425 NW Hemlock 2307 Olympic Highway N Dallas, Oregon 97338 (503) 224-4245 Waldport, Oregon 97394 Shelton, Washington 98584 (503) 623-9281 Lake Oswego (541) 563-3273 (360) 426-5581 5000 Meadows Road, Suite 100 Raleigh Hills Depoe Bay Lake Oswego, Oregon 97035 4805 SW 77th Avenue Wilsonville Vancouver 541 NW Highway 101 (503) 624-5864 Portland, Oregon 97225 29702 SW Town Center Loop West 500 E Broadway, Suite 100 Depoe Bay, Oregon 97341 (503) 292-6319 Wilsonville, Oregon 97070 Vancouver, Washington 98660 (541) 765-2356 Lincoln City (503) 682-9818 (360) 695-3439 4157 N Highway 101, Suite 135 Salem Battle Creek Eugene Lincoln City, Oregon 97367 5686 Commercial Street SE Woodburn East Vancouver 101 E Broadway, Suite 100 (541) 994-9161 Suite 110 (At Country Meadows) 1125 SE 163rd Place, Suite 102 Eugene, Oregon 97401 Salem, Oregon 97306 155 S Evergreen Vancouver, Washington 98660 (541) 683-9559 Mt. Angel (503) 362-2174 Woodburn, Oregon 97071 (360) 260-0823 160 E Charles Street (971) 983-3300 Eugene West Mt. Angel, Oregon 97362 Salem Downtown Salmon Creek 874 Seneca Road (503) 845-2265 550 Center Street NE Woodburn East 13305 NE Highway 99 Eugene, Oregon 97402 Salem, Oregon 97301 1755 Mt. Hood Avenue, Suite 120 Suite 106 (541) 687-6870 McMinnville (503) 399-2920 Woodburn, Oregon 97071 Vancouver, Washington 98686 2214 McDonald Lane (503) 981-8365 (360) 571-7104 Forest Grove McMinnville, Oregon 97128 Salem East 4110 Pacific Avenue (503) 474-9695 510 Lancaster Drive NE Woodburn West Tukwila Branch and Central Puget Forest Grove, Oregon 97116 Salem, Oregon 97301 2540 Newberg Highway Sound Commercial Banking (503) 359-4495 (503) 399-2944 Woodburn, Oregon 97071 400 Industry Drive, Suite 110 (503) 981-0100 Tukwila, Washington 98188 (425) 251-6525

Mt. Angel Branch Mt. Angel, Oregon Left: Inner East Portland Branch Portland, Oregon Front Cover: Downtown Branch Portland, Oregon West Coast Bancorp 5335 Meadows Road, Suite 201 Lake Oswego, Oregon 97035 Telephone 503-598-3241 Fax 503-684-0781 wcb.com NASDAQ: WCBO