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August 31, 2015 2:20 PM ET

Banks

Company Overview of West Coast Bancorp

Company Overview

West Coast Bancorp operates as the holding company for West Coast Bank that provides various banking and financial services in western Oregon and southwestern Washington. The company offers demand deposits, checking and savings accounts, NOW and money market accounts, interest bearing demand deposits, and time deposits. It also provides residential real estate mortgage loans, home equity lines and loans, personal lines of credit, and consumer credit cards; and general commercial loans, revolving lines of credit, real estate loans and lines to support construction, owner occupied and investor financing, and small business administration loans. In addition, the company offers business credit c...

5335 Meadows Road

Suite 201

Lake Oswego, OR 97035

United States

Founded in 1925

627 Employees

Phone:

503-684-0884

Key Executives for West Coast Bancorp

Chief Executive Officer, President, Director, Member of Loan, Investment & Asset & Liability Committee, Chief Executive Officer of West Coast Bank, President of West Coast Bank and Director of West Coast Bank
Age: 68
Chief Financial Officer, Executive Vice President, Chief Financial Officer of West Coast Bank and Executive Vice President of West Coast Bank
Age: 55
President of West Coast Trust
Executive Vice President, Director of Human Resources, Executive Vice President of West Coast Bank and Director of Human Resources - West Coast Bank
Age: 62
Executive Vice President, Manager of the Commercial Banking Group, Executive Vice President of West Coast Bank and Manager of the Commercial Banking Group - West Coast Bank
Age: 57
Compensation as of Fiscal Year 2015.

West Coast Bancorp Key Developments

Court Approves Settlement over Columbia Banking System/West Coast Merger

The Circuit Court of the State of Oregon for Multnomah County approved Columbia Banking System's settlement regarding consolidated lawsuits naming it and West Coast Bancorp as defendants. The Circuit Court of the State of Oregon for Multnomah County on February 18 approved Columbia Banking System Inc.'s settlement regarding consolidated lawsuits naming it and West Coast Bancorp, along with the latter's directors, as defendants. The settlement, resolved and released all merger-related claims. The October 3, 2012, class-action lawsuit of Gary M. Klein versus West Coast Bancorp et al. had alleged that the then-pending merger between West Coast and Tacoma, Wash.-based Columbia Banking had been priced and processed unfairly, among other claims, and that West Coast's directors had therefore breached their fiduciary duties to the company and its shareholders. It further claimed that West Coast and Columbia Banking aided the directors in the said breaches. A second lawsuit, Leoni versus West Coast Bancorp et al., was afterward filed in the Circuit Court of the State of Oregon for Clackamas County. The two were combined in the Circuit Court of the State of Oregon for Multnomah County, and Columbia Banking, to avoid the costs of litigation, agreed to make additional disclosures in connection to the merger. A memorandum of understanding was reached between the plaintiffs and West Coast. Columbia Banking approved the form of a stipulation of settlement, which was then executed.

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