West Coast Bancorp Announces New Tanasbourne Branch

Business Wire, April 17, 2001

Business Editors

LAKE OSWEGO, Ore.--(BUSINESS WIRE)--April 17, 2001

West Coast Bancorp (Nasdaq:WCBO), is pleased to announce its intention to open a new branch in the Tanasbourne West Fred Meyer Shopping Center.

Tanasbourne is an explosive growth area, not only in number of businesses and employment, but also households. Population in the vicinity is projected to grow by more than 4,500 over the next three years, corresponding precisely with the company's strategy to expand West Coast Bank's branch network in attractive communities.

"West Coast Bank's tradition of community management, high quality customer service and sophisticated product lines will well serve the Tanasbourne area, just as it has in Hillsboro and greater Portland," said President & CEO Robert D. Sznewajs. "With large, super-regional banks currently dominating the market, we believe our local decision making philosophy and community participation will provide mutual benefits for West Coast Bank and the residents and businesses in Tanasbourne."

Regional Vice President Dave Hansen stated, "We have received numerous requests for a local branch in Tanasbourne and are excited to provide community banking with world class products and signature customer service. We believe many of Tanasbourne's residents and businesses prefer in-person customer care, and that they will also appreciate our sophisticated Internet and telephone home banking options. We expect our local employees to make a positive contribution to the community and are strongly committed to making the new branch an asset to the Tanasbourne area."

The new West Coast Bank branch will be conveniently located in the Tanasbourne West Fred Meyer Shopping Center off Cornelius Road near Sunset Highway. Grand opening is anticipated early in the third quarter of 2001, contingent upon local and regulatory approvals.

West Coast Bancorp is a northwest bank holding company with $1.4 billion in assets, operating 40 offices in Oregon and Washington. West Coast Bancorp is the parent company of West Coast Bank and West Coast Trust. It is the largest publicly traded bank holding company headquartered in Oregon. The Company offers a broad range of banking, investment, fiduciary and trust services. For more information, please visit the Company web site at www.wcb.com.