West Coast Bancorp expected to Report Fiscal Year 2009 Results on January 18, 2010. This event was calculated by Capital IQ (Created on October 28, 2009).

West Coast Bancorp filed Articles of Amendment with the Oregon Secretary of State for the purpose of amending its Restated Articles of Incorporation to establish the preferences, limitations, voting powers and relative rights of the Series A Preferred Stock and the Series B Preferred Stock. In connection with the Tax Benefit Preservation Plan, the Company filed Articles of Amendment with the Oregon Secretary of State for the purpose of amending its Restated Articles of Incorporation to establish the preferences, limitations, voting powers and relative rights of the Series C Preferred Stock. The Articles of Amendment became effective with the Oregon Secretary of State on October 23, 2009 with respect to the Series A Preferred Stock and Series B Preferred Stock and on October 26, 2009 with respect to the Series C Preferred Stock.

West Coast Bancorp reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net loss of $12,408,000 or $0.79 per basic and diluted share on total interest income of $27,725,000 against net loss of $2,316,000 or $0.15 per basic and diluted share on total interest income of $34,772,000 for the same period a year ago. Net interest income of $19,145,000 compared to $23,723,000 for the same period a year ago. Loss before income taxes of $19,673,000 compared to $6,553,000 for the same period a year ago. Book value per common share as at September 30, 2009, $10.33 compared to book value per common share as at September 30, 2008, $13.01. Loss on average assets of 1.85% compared to 0.36% for the same period a year ago. Loss on average common equity of 29.39% compared to 4.47% for the same period a year ago. For the nine months, the company reported net loss of $42,346,000 or $2.71 per basic and diluted share on total interest income of $85,202,000 against net income of $2,368,000 or $0.15 per basic and diluted share on total interest income of $108,829,000 for the same period a year ago. Net interest income of $59,489,000 compared to $71,013,000 for the same period a year ago. Loss before income taxes of $64,165,000 compared to $306,000 for the same period a year ago. Loss on average assets of 2.20% compared to return on average assets of 0.12% for the same period a year ago. Loss on average common equity of 31.55% compared to return on average common equity of 1.52% for the same period a year ago.