West Coast Bancorp

From Wikipedia, the free encyclopedia

West Coast Bancorp

Type	Public (NASDAQ: WCBO)
Founded	1925
Headquarters	Lake Oswego, Oregon, U.S.
No. of locations	63 branches
Area served	western Oregon, southwest Washington
Key people	Robert D. Sznewajs, President and CEO
Industry	Finance and Insurance
Products	Consumer Banking Financial Services
Revenue	$179.6M USD (2006)
Employees	830
Subsidiaries	West Coast Bank; West Coast Trust
Website	http://www.wcb.com/

West Coast Bancorp (NASDAQ: WCBO) is a financial services holding company headquartered in Lake Oswego, Oregon. Its principal holding is West Coast Bank, a full-service, commercial bank with 63 branches in 40 cities in western Oregon and southwest Washington. West Coast Bank offers savings, checking, money market, CD, and NOW accounts in addition to credit cards. The bank also originates commercial and residential real estate mortgage loans, as well as construction, commercial, and consumer loans.

Another subsidiary, West Coast Trust, Inc., provides agency, fiduciary and other related trust services in Oregon. The company also operates a mortgage loan office in Bend, Oregon and a mortgage loan office and Small Business Administration lending office in Vancouver, Washington.

As of December 31, 2006, the company had deposits totaling $2 billion and net loans of $1.9 billion.

[edit] History

The company was first organized in 1925 in Newport, Oregon under the name of Bank of Newport. In 1995, Bank of Newport merged with Commercial Bank of Salem, Oregon. In 1999, after acquisitions of the Bank of Vancouver (of Vancouver, Washington), and Centennial Bank of Olympia, Washington, the new entity changed its name to West Coast Bank.^[1]^[2]