PURCHASE AND ASSUMPTION AGREEMENT

             This Purchase and Assumption Agreement (this "Agreement") is made
and entered into this 23 day of June, 2009, by and between Sound Community Bank,
a federally chartered savings bank (the "Purchaser"), and 1st Security Bank of
Washington, a Washington chartered mutual savings bank (the "Seller").

             WHEREAS, Seller owns and operates a branch facility located at 2941
South 38th Street, #A, Tacoma, Washington (the "Branch"); and

             WHEREAS, Seller desires to sell and Purchaser agrees to acquire the
Branch and, in that regard, Seller desires to sell and Purchaser desires to
acquire certain assets relating thereto, all as set forth in this Agreement; and

             WHEREAS, Seller desires to assign to Purchaser and Purchaser
desires to assume from Seller certain liabilities relating to the Branch, all as
set forth in this Agreement.

             NOW THEREFORE, in consideration of the premises and the mutual
promises, Seller and Purchaser agree as follows:

ARTICLE I
PURCHASE AND SALE OF ASSETS AND
ASSIGNMENT AND ASSUMPTION OF LIABILITIES

             1.1   Purchase and Sale of Assets. Upon the terms and subject to
the conditions set forth in this Agreement, Seller shall sell, convey, assign,
transfer and deliver to Purchaser, and Purchaser shall purchase and accept from
Seller, the following assets relating to the Branch (the "Assets").

          A.          Personal Property. The personal property contained in and
used primarily for the operation of the Branch as described in Exhibit 1.1A.
hereto (the "Personal Property").

          B.          Loans.

          1.          Such loans (i) secured in whole or in part, by deposit
accounts ("Deposit Account Loans") or (ii) automatically created as the result
of an overdraft of a deposit account pursuant to a pre-approved overdraft
protection program offered by the Seller ("Overdraft Protection Loans" and
together with the Deposit Account Loans, the "Branch Loans"), related to the
Deposit Liabilities being transferred and which are carried on the books and
records of the Branch as of the close of business on May 31, 2009, but excluding
those accounts which Purchaser declines to purchase for any reason, as provided
in Exhibit 1.1B(1) (the "Excluded Loans") (collectively, the "Existing Loans").
Attached hereto as Exhibit 1.1B(2) is a list setting forth the outstanding
principal balance and accrued but unpaid interest on the Existing Loans as of
the close of business on May 31, 2009.

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          2.          Such Branch Loans that are originated and entered on the
books and records of the Branch during the period from May 31, 2009 to the close
of business on the day immediately before the Closing Date (as defined in
Section 1.7) (the "Interim Loans"), provided that Purchaser shall have the right
to refuse to purchase any Interim Loan for any reason so long as a written
election for the exclusion is made by Purchaser within seven (7) days after it
receives all pertinent information with respect to such Interim Loan, and any
such Interim Loan that Purchaser refuses to purchase shall also be known as an
"Excluded Loan."

          3.          For purposes of this Agreement, the Existing Loans and
Interim Loans are collectively referred to the as the "Purchased Loans." The
Purchased Loans, together with interest accrued thereon but unpaid as of the
close of business on the day immediately before the Closing Date (the "Accrued
Loan Interest"), shall be purchased by Purchaser. Seller will generate Exhibit
1.1B(3), which exhibit will provide the same information as Exhibit 1.1(B)(2)
for the Purchased Loans and be current and made a part hereof as of the Closing
Date.

          C.          Cash on Hand. Any cash on hand at the Branch as of the
start of business on the Closing Date (the "Cash on Hand").

          D.          Records, Etc. All records, files, books of accounts and
other original documents and instruments pertaining to the Assets and the
Assumed Liabilities (as defined in Section 1.2) being transferred and assumed,
respectively.

          E.          Rights Relating to Assets. Any statutory or common law
right, title and interest in and related to the Assets which Seller may have and
which Seller may assign, including, without limitation, claims, causes of
action, rights of recovery or set offs, and credit of any kind or nature
relating to the Assets of the Branch (the "Rights").

             1.2   Assignment and Assumptions of Liabilities. Upon the terms and
subject to the conditions set forth in this Agreement, Seller shall assign to
Purchaser, and Purchaser shall accept and assume from Seller, the following
liabilities relating to the Branch, which liabilities Purchaser agrees to
perform and discharge (the "Assumed Liabilities"), as follows:

          A.          Deposit Liabilities. All liabilities for payment of
deposits given an account number maintained at the Branch including, without
limitation, all savings accounts, certificates of deposit, money market deposit
accounts, checking and NOW accounts and IRA accounts, and all other deposit
accounts given an account number maintained at the Branch or assigned to the
Branch in the ordinary course pursuant to the Seller's accounting system (except
to the extent of deposit liabilities transferred at the request of a depositor
as provided in Section 4.8), in each case as of the close of business on May 31,
2009 (the "Cut-Off Date Deposits"), all of which shall be listed in full on
Exhibit 1.2A(1) hereto (the "Deposit Balance"), together with any changes in the
Cut-Off Date Deposits and all new deposits from May 31, 2009 through the close
of business on the day immediately before the Closing Date (the "Interim
Deposits") (the Cut-Off Date Deposits and Interim Deposits, in each case as of
the close of business on the day immediately before the Closing Date are
hereinafter collectively referred to as the "Deposits" or the "Deposit
Liabilities"), in accordance with the terms of the agreements pertaining to such
Deposits, together with interest accrued thereon but unpaid as of the close of
business on the day

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immediately before the Closing Date (the "Accrued Deposit Interest"). Said
Deposit Liabilities and Accrued Deposit Interest shall be specified in Exhibit
1.2A(2) to be attached hereto and made a part hereof as of the Closing Date.

          B.          Contracts. All obligations of the Seller relating to the
period on and after the Closing Date under any and all contracts relating to the
operation of the Branch which are assignable by Seller to Purchaser and which
are all listed on Exhibit 1.2B to this Agreement (the "Contracts").

             1.3   Transfer of Funds. In connection with the acquisition by
Purchaser of the Assets and the assumption by Purchaser of the Assumed
Liabilities of Seller, Seller shall transfer to the Purchaser by wire transfer
of immediately available funds (the "Transfer Payment") an amount equal to:

          A.          the estimated amount of the Deposit Liabilities; plus

          B.          the estimated amount of the Accrued Deposit Interest;
minus

          C.          Fifteen Thousand Dollars ($15,000) representing the
purchase price of the Personal Property; minus

          D.          the estimated unpaid principal amount of the Purchased
Loans; minus

          E.          the estimated amount of the Accrued Loan Interest; minus

          F.          the amount of Cash on Hand; minus

          G.           2.25% of the Deposit Liabilities (the "Deposit Premium");
plus or minus

          H.          the estimated amount of prorations, as provided in Section
1.6 hereof, plus

          I.          the amount of Earnest Money (as defined in Section 9.3).

The parties agree that if the sum of subsections A through I is less than zero,
the Purchaser will transfer to the Seller, by wire transfer on the Closing Date
(or the business day immediately before the Closing Date, if the Closing Date
occurs on a day when funds cannot be wired for same day reinvestment),
immediately available funds in the amount by which such sum is less than zero.

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             1.4   Adjustment Payment Date.

          A.          On the fifteenth (15th) day after the Closing Date or such
earlier date as may be agreed to in writing by the parties (the "Adjustment
Payment Date"), Seller shall deliver the following documents to Purchaser:

          (i)          A statement setting forth (a) the aggregate amount of
Deposit Liabilities and the Accrued Deposit Interest thereon transferred to and
assumed by Purchaser, calculated as of the close of business on the day
immediately before the Closing Date; and (b) any corrections to the information
contained in the Deposit Listing (as defined in Section 6.8) delivered to the
Purchaser on the Closing Date;

          (ii)         A statement of the Purchased Loans as of the close of
business on the day immediately before the Closing Date, setting forth the
aggregate unpaid principal amount of such Purchased Loans and the Accrued Loan
Interest and listing, for each such Purchased Loans, the name and address of the
borrower, the unpaid principal amount thereof interest rate thereon and the
amount of the Accrued Loan Interest;

          (iii)        A statement of the actual proration amounts to be paid in
accordance with Section 1.6 hereof as of the start of business on the Closing
Date; and

          (iv)         A closing statement for execution by the parties.

          B.          If the statement delivered in accordance with the
foregoing subsection A requires an adjustment to be made to the Transfer
Payment, Seller or Purchaser, as the case may be, shall make an adjustment
payment to the other party (the "Adjustment Payment") to correct any discrepancy
between the amount of the estimated Transfer Payment paid under Section 1.3 and
the amount of the Transfer Payment as finally determined pursuant to Section
1.4A. Seller shall provide Purchaser with the worksheets it used to calculate
the Adjustment Payment. Any Adjustment Payment due to either party on the
Adjustment Payment Date pursuant to this provision shall be paid to such party
on the Adjustment Payment Date by the other party by wire transfer, and shall
bear interest from and including the Closing Date to the date of payment at the
effective federal funds rate as published daily by the Federal Reserve Bank of
San Francisco during the period(s) involved.

             1.5   Purchase Price. The purchase price is to be paid by the
Purchaser to Seller for the assets to be acquired under this Agreement. The
"Purchase Price" shall be equal to the sum of the amounts referred to in
subsections C, D, E, F, G and H of Section 1.3 herein, as the same are adjusted
pursuant to Section 1.4.

             1.6   Prorations. It is the intention of the parties hereto that
Seller shall operate for its own account the business being transferred pursuant
to this Agreement until the close of business on the day immediately before the
Closing Date, and that Purchaser shall operate for its own

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account the business being transferred pursuant to this Agreement from and after
the Closing Date. Thus, except as otherwise specifically provided in this
Agreement, items of income and expense allocable to the Assets and Liabilities
shall be prorated as of the close of business on the day immediately before the
Closing Date using the accrual method of accounting, whether or not such
adjustment would normally be made as of such time. For purposes of this
Agreement, items of proration and other adjustments shall include, but not be
limited to; (i) rental payments and security deposits on the Leased Real
Property; (ii) personal property taxes and assessments; (iii) FDIC deposit
insurance assessments (prorated in accordance with the number of days elapsed
during the quarter in which the Closing Date occurs and applicable FDIC
assessment rates); and (iv) other accrued expenses (including but not limited to
those under the Contracts) and prepaid expenses (but only including prepaids
that will inure directly to the benefit of Purchaser and excluding all others,
such as by way of example, prepaid advertising) for the Branch.

             1.7   Closing Date: Closing. The consummation of the purchase and
assumption transactions (the "Closing") provided for in this Agreement shall
occur (i) no later than fifteen (15) calendar days after receipt by the parties
of all required regulatory approvals and all other approvals, consents and
assignments required by law or contract for consummation of the transactions
provided for herein and lapse of all required waiting periods associated
therewith (such date referred to hereinafter as the "Closing Date"), with a
target date of August 29, 2009 or (ii) such other date as is mutually agreed
upon in writing by the parties hereto. In any event, the Closing Date may be
extended to December 30, 2009, if regulatory approvals and waiting periods
necessitate, in accordance with paragraph 9.4C herein. Delivery of the documents
and instruments to be delivered by Seller and Purchaser, payment of the Transfer
Payment by Seller or Purchaser and other transactions herein contemplated to
take place concurrently with such deliveries, assumptions and payments, shall
take place on the Closing Date at 8:00 a.m. (local time) at the offices of
Seller in the State of Washington (or at such other time and place as are agreed
to by both parties), and all such transactions shall be deemed effective as of
the close of business on the day immediately before the Closing Date; provided,
however, that any payment to be made by either party to the other by wire
transfer of immediately available funds on the Closing Date shall be made by
wire transfer initiated prior to 10:00 a.m. (local time) on the Closing Date (or
on the business day immediately before the Closing Date, if the Closing Date
occurs on a day when funds cannot be wired for same day reinvestment). Any
deliveries, conveyances, assignments or transfers required under this Agreement,
other than the foregoing, shall be made at the time and date specified in this
Agreement (and where no time is specified, on or before the start of business on
the date specified) and in the manner and place specified in this Agreement (of,
where not specified, in the manner and place as reasonably requested in writing
by the party that is to receive such delivery, conveyances, assignment or
transfer).

             1.9   Limitations On Assumption of Liabilities. The parties agree
that Purchaser shall assume only the Assumed Liabilities. Purchaser assumes no
other liabilities of the Seller or Seller's banking operations.

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             1.10  IRA Accounts.

                    (a)       Included in the Deposit Liabilities are deposits
of customers of the Branch relating to IRA accounts (which the parties
acknowledge include SEP IRA accounts, SIMPLE IRA accounts and any other type of
retirement account reflected in the deposit balances of the Branch) pursuant to
which Seller is currently acting as custodian.

                    (b)       Within such period prior to the Closing Date as is
required by applicable law or regulation, Seller will, at its sole cost and
expense, notify the depositors who maintain such IRA accounts of Seller's intent
to resign as custodian as of Closing and to appoint Purchaser as successor
custodian and the discharge and release of Seller from all liabilities as
custodian from and after the effective time of its resignation. Purchaser will
accept such appointment as successor custodian, unless the customer objects in
writing to such appointment or to Purchaser's master IRA agreement. It is agreed
that Seller is required to notify each such depositor only once, which
notification will be by means of a letter approved by Purchaser and accompanied
by all appropriate forms and documents necessary to effect such replacement and
release and to adopt Purchaser's master agreement. The IRA account of any
customer not accepting the appointment of Purchaser and the Purchaser's master
plan will not be included in the Deposit Liabilities.

                    (c)       Purchaser agrees that, with respect to the IRA
accounts transferred to Purchaser pursuant to Section 1.10(b) above, Purchaser
will make no payment to any such customer to satisfy the minimum distribution
requirements beginning the first day of April of the year following the year in
which the customer reaches age 70 1/2 until such customer provides Purchaser
with a written payment instruction in a form satisfactory to Purchaser.

ARTICLE II
REPRESENTATIONS AND WARRANTIES OF SELLER

             Seller hereby makes the following representations and warranties to
Purchaser:

             2.1   Corporate Organization. Seller is a state chartered mutual
savings bank duly organized and existing in good standing under the laws of the
State of Washington and possesses full corporate power and all necessary
approvals to own and operate the Branch and to carry on its business as
presently owned, operated, and conducted by it. Seller's deposit liabilities are
insured by the Federal Deposit Insurance Corporation ("FDIC") to the fullest
extent permitted under federal law. No proceedings for the termination or
revocation of such insurance are pending or to Seller's knowledge threatened,
and Seller is not currently under any cease and desist order by any regulatory
agency, nor to Seller's knowledge is any such action threatened which would
preclude Seller from entering into or consummating this Agreement.

             2.2   Corporate Authority and Action. Seller has full right, power
and authority to sell, convey, assign, transfer and deliver the Assets and the
Assumed Liabilities to Purchaser and to otherwise fully perform Seller's
obligations under this Agreement, subject however to (i) Seller's receipt of all
required regulatory approvals, (ii) any required third party consent to the
assignment of the Leased Real Property, and (iii) compliance by Purchaser with
all of its obligations under this Agreement. Seller has full right, power and
authority to execute and deliver

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this Agreement and each of the documents and instruments contemplated hereby.
This Agreement, and each such other document and instrument, constitutes a valid
and binding obligation of Seller enforceable in accordance with its terms except
as the same may be limited by bankruptcy, insolvency, reorganization, or other
laws relating to or affecting the enforcement of creditors' rights including,
without limitation, the avoidance powers of the FDIC pursuant to the Federal
Deposit Insurance Act and except as courts of equity may limit certain remedies
such as specific performance. This Agreement and the transactions contemplated
hereby have been approved by the Board of Directors of Seller and no other
corporate or member action is required on the part of Seller relating to this
Agreement and the transactions contemplated hereby.

             2.3   No Default Effected. The execution and delivery of this
Agreement by Seller and the consummation by Seller of the transactions
contemplated hereby, subject to the fulfillment of the terms and compliance with
the provisions hereof and all regulatory approvals, will not conflict with, or
result in the breach of, or a default (or an occurrence which, with the lapse of
time or action by a third party, could result in a breach or default) with
respect to (i) any of the terms, conditions, or provisions of any laws
applicable to Seller, or of the articles of incorporation or bylaws of Seller;
(ii) any agreement or other instrument to which Seller is a party or is subject,
or by which Seller or any of its properties or assets are bound; or (iii) any
order, judgment, injunction, decree, directive, or award of any court,
arbitrator, government agency, or public official by which Seller is bound.

             2.4   Brokers. All negotiations relative to this Agreement and the
transactions contemplated hereby have been carried on by Seller without the
intervention of any other person acting on behalf of Seller in such manner as to
give rise to any valid claim by any person against Seller or Purchaser for
reimbursement of expenses or a finder's fee, brokerage commission, or other
similar payment, and Seller shall pay all commissions, fees, costs and expenses,
directly or indirectly, due any such person and indemnify Purchaser against all
commissions, fees, costs, expenses, or other similar payments in connection
therewith.

             2.5   Litigation. There are no actions, causes of action, claims,
suits or proceedings, pending or, to Seller's knowledge, threatened, against
Seller affecting the Branch, the Assets or the Assumed Liabilities whether at
law, in equity or before or by a governmental department, commission, board,
bureau, agency or instrumentality, domestic or foreign, and to Seller's
knowledge, there are no unresolved disputes under any written or oral agreement,
whether express or implied, to which Seller is a party or by which it is bound
that would adversely affect the Branch, the Assets, the Assumed Liabilities or
the transactions contemplated hereby, and Seller has no knowledge of any state
of facts or the occurrence of any event which would form the basis for any claim
which would adversely affect the Branch, the Assets, the Assumed Liabilities or
the transactions contemplated hereby.

             2.6   Deposits. The Deposits are insured by FDIC to the fullest
extent permitted under federal law. The Deposits (i) are in all respects genuine
and enforceable obligations of Seller and have been acquired and maintained in
full compliance with all applicable laws, including (but not limited to) the
Truth in Savings Act and regulations promulgated thereunder; (ii) were acquired
in the ordinary course of Seller's business; and (iii) are not subject to any
claims that are superior to the rights of persons shown on the records delivered
to Purchaser indicating the owners of the

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Deposits, other than claims against such Deposit owners, such as state and
federal tax liens, garnishments, and other judgment claims, which have matured
or may mature into claims against the respective Deposits.

             2.7   Title to Assets. Seller has good and marketable title to the
Assets, and complete and unrestrictive power to sell, transfer and assign the
Assets to Purchaser subject to the receipt of all required regulatory approvals,
free and clear of any and all claims, liens, encumbrances or rights of third
parties. Seller has no knowledge of any defects in, or damage to, any of the
Personal Property, reasonable wear and tear excepted, other than such as would
be plainly visible upon a due diligence inspection. However, Seller makes no
other representation relating to the physical condition of the Personal
Property. The Personal Property shall be conveyed in "AS IS" condition without
any representation as to suitability for any particular purpose.

             2.8   Proceedings Relating to Branch. No proceedings to take all or
any part of the Branch premises by condemnation or right of eminent domain are
pending or, to Seller's knowledge, threatened. Seller's use of the Branch
premises is not, and no complaints have been received by Seller that Seller is,
in violation of applicable building, zoning, platting, subdivision, use, safety,
building, energy and environmental or similar laws, ordinances, regulations and
restrictions. The Branch premises are adequately serviced by all utilities
necessary for effective operation as presently used for a financial institution
branch office.

             2.9   Contracts and Agreements. A true and complete copy of each
Contract to be assumed by Purchaser is attached to Exhibit 1.2B of this
Agreement. Each such Contract is valid and enforceable according to its terms,
Seller is not in default under any Contract and there has been no event which,
with notice or the lapse of time, or both, would constitute a default under any
such Contract by Seller including, but not limited to, the consummation of the
transactions contemplated by this Agreement (subject to receipt of the
assignment of the Leased Real Property).

             2.10  Compliance with Laws. Insofar as it may affect the
transactions contemplated by this Agreement, to Seller's knowledge, Seller is in
compliance with all laws applicable to the operation of its business as
presently conducted at the Branch, specifically including, without limitation,
compliance with all regulations concerning truth-in-savings, consumer
protection, occupational safety, civil rights, and labor and/or employment laws.

             2.11  IRS Reporting. Seller has timely filed all applicable
reports, returns and filing information data required to be filed with any and
all federal and state banking authorities and any and all other governmental
authorities and regulatory agencies, it being acknowledged and agreed that the
Purchaser shall file Form 1099s with respect to the Branch Deposits up to and
including the day before the Closing Date; provided that, within five (5)
business days after the Closing Date, Seller shall provide Purchaser with all
the information necessary to allow Purchaser to complete said Form 1099s, such
information to be in the form reasonably acceptable to the Purchaser.

             2.12  Environmental Matters. There is no legal, administrative,
arbitral or other proceeding, claim, action, cause of action or governmental
investigation pending or, to Seller's

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knowledge, threatened which seeks to impose on Seller or any, predecessor of
Seller in connection with the Branch any liability arising under any
environmental laws, nor to Seller's knowledge is there any basis for any of the
foregoing. Seller is not subject to any agreement, order, judgment, decree or
memorandum by or with any court, governmental authority, regulatory agency or
third party imposing any such liability with respect to the Branch. To Seller's
knowledge, there are no environmental conditions such as above ground or under
ground storage tanks, discharges or emissions or releases of hazardous materials
which constitute a violation of any environmental laws present at, on, under, or
above the Branch premises.

             2.13  Taxes. Seller shall be entitled to the tax deduction (to the
extent permitted by applicable law) for the accrued interest on the Deposit
Liabilities prior to the Closing Date. As of the Closing Date, the Deposit
Liabilities shall not be subject to any tax liens or levies of any kind relating
to obligations of Seller.

ARTICLE III
REPRESENTATIONS AND WARRANTIES OF PURCHASER

             Purchaser hereby makes the following representations and warranties
to Seller:

             3.1   Corporate Organization. Purchaser is a federal savings bank
duly organized and existing in good standing under the laws of the United States
and possesses full corporate power and all necessary approvals to own and
operate its properties and to carry on its business as presently owned, operated
and conducted by it. Purchaser's deposit accounts are insured by the FDIC to the
fullest extent permitted under federal law. No proceedings for the termination
or revocation of such insurance are pending or to Purchaser's knowledge
threatened, and Purchaser is not currently under any cease and desist order by
any regulatory agency nor to Purchaser's knowledge is any such action threatened
which would preclude Purchaser from entering into or consummating this
Agreement.

             3.2   Corporate Authority and Action. Purchaser has full right,
power and authority to acquire the Assets and assume the Assumed Liabilities
from Seller and to otherwise fully perform Purchaser's obligations under this
Agreement, subject however, (i) Purchaser's receipt of all required regulatory
approvals and (ii) compliance by Seller with all of its obligations under this
Agreement. Purchaser has full right, power and authority to execute and deliver
this Agreement and each of the documents and instruments contemplated hereby.
This Agreement, and each such other document and instrument, constitutes a valid
and binding obligation of Purchaser enforceable in accordance with its terms
except as the same may be limited by bankruptcy, insolvency, reorganization, or
other laws relating to or affecting the enforcement of creditors' rights
including, without limitation, the avoidance powers of the FDIC pursuant to the
Federal Deposit Insurance Act and except as courts of equity may limit certain
remedies such as specific performance. This Agreement and the transactions
contemplated hereby have been approved by the Board of Directors of Purchaser
and no other corporate or shareholder action is required on the part of
Purchaser relating to this Agreement and the transactions contemplated hereby.

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             3.3   No Default Effected. The execution and delivery of this
Agreement by Purchaser and the consummation by Purchaser of the transactions
contemplated hereby, subject to the fulfillment of the terms and compliance with
the provisions hereof and all regulatory approvals, will not conflict with, or
result in the breach of, or a default (or an occurrence which, with the lapse of
time or action by a third party, could result in a breach or default) with
respect to (i) any of the terms, conditions or provisions of any laws applicable
to Purchaser, or of the charter or bylaws of Purchaser; (ii) any agreement or
other instrument to which Purchaser is a party or is subject or by which
Purchaser or any of its properties or assets are bound; or (iii) any order,
judgment, injunction, decree, directive, or award of any court, arbitrator,
government agency or public official by which Purchaser is bound.

             3.4   Brokers. Negotiations relative to this Agreement and the
transactions contemplated hereby have been carried on by Purchaser without the
assistance of any other person acting as Purchaser's broker. Purchaser shall pay
all commissions, fees, costs and expenses, directly or indirectly, due any such
person acting as Purchaser's broker and indemnify Seller against all
commissions, fees, costs, expenses, or other similar payments in connection
therewith.

             3.5   Litigation. There are no actions, causes of action, claims,
suits, or proceedings, pending or, to Purchaser's knowledge, threatened, against
Purchaser which would adversely affect the transactions contemplated by this
Agreement, whether at law, in equity or before or by a governmental department,
commission, board, bureau, agency, or instrumentality, domestic or foreign, and
to Purchaser's knowledge, there are no unresolved disputes under any written or
oral agreement, whether express or implied, to which Purchaser is a party or by
which it is bound that would adversely affect the transactions contemplated
hereby, and Purchaser has no knowledge of any state of facts or the occurrence
of any event which could form the basis for any claim which would adversely
affect the transactions contemplated hereby.

             3.6   Compliance with Law. Insofar as it may affect the
transactions contemplated by this Agreement, Purchaser is in compliance with all
laws applicable to the operation of its business.

ARTICLE IV
AGREEMENTS PENDING CLOSING

             4.1   Regulatory Approval and Standards. Purchaser shall file an
application with the Office of Thrift Supervision within 30 days of the date
hereof, seeking requisite approval of the transactions contemplated hereby and
promptly thereafter shall furnish Seller with copies thereof (except for the
confidential portions thereof) and any amendments, as well as each material
notice, order, opinion or other item of correspondence received by Purchaser
from such regulatory agency with respect to such application which do not
contain confidential information. Seller shall file such regulatory applications
or notices, if any, as are required of it.

             4.2   Notification of Customers. Purchaser and Seller shall take
such actions required by law or regulation to notify customers, creditors or
depositors of the Branch of the transfers and assumptions to be effected
pursuant to this Agreement. Purchaser and Seller shall work together

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to develop the contents of any such notifications and shall issue any such
notifications, at Seller's expense, after all regulatory approvals have been
obtained (or as otherwise mutually agreed to by the parties or required by
applicable laws and regulations) but prior to the Closing.

             4.3   Operations.

          A.          No later than thirty (30) days prior to the Closing Date,
Seller shall supply such information as is necessary for Purchaser to conduct a
conversion from Seller's data processing system to Purchaser's data processing
system. In addition, Seller shall supply Seller's personnel for a reasonable
period of time to assist Purchaser in such conversion.

          B.          Purchaser agrees to use its best efforts at its expense to
convert operations to its own data processing system on the Closing Date.
Purchaser shall be solely responsible for the cost of such conversion.

          C.          All of the Seller's Branch ATM/Debit/POS Cards shall be
terminated on the Closing Date.

             4.4   Covenants Not to Compete. From the Closing Date and for a
period of 3 years thereafter (the "Restrictive Period"), the Seller (and its
affiliates, successors and assigns) shall not open any branch office, deposit
taking facility (including ATM), or loan office within a four (4) mile radius
from the Branch location (the "Restricted Area"). Seller agrees that said time
and geographic restrictions are reasonable and necessary to protect Purchaser's
legitimate business concerns, that said covenants do not violate public policy,
and do not place any unreasonable restraints upon Sellers other ongoing business
operations. During the Restrictive Period, Seller (and its affiliates,
successors, and assigns) shall not directly or indirectly encourage any employee
of Purchaser to cease employment with Purchaser or change such person's
employment.

             4.5   [Intentionally Omitted]

             4.6   Sales and Transfer Taxes. Purchaser and Seller agree that no
sales or transfer tax is due on this transaction because it is not in the
ordinary course of business of either Purchaser or Seller; however, in the event
that a sales or transfer tax is imposed by a governmental authority having
jurisdiction to impose such a tax, Seller shall be responsible for the full and
timely payment of same and shall indemnify and hold harmless Purchaser for the
amount of any such taxes due, and from any expenses, fines, penalties, fees,
costs, or other damages resulting from the imposition of such tax or for any
failure to make timely payment thereof. Seller shall indemnify Purchaser and
holder Purchaser harmless for the amount of any taxes attributable to its
operations prior to the Closing Date, and from any expenses, fines, penalties,
fees, costs or other damages resulting from the imposition of such tax or for
any failure to make timely payment thereof provided that Purchaser promptly
notifies Seller of same.

             4.7   Bulk Sales Act Indemnity. Seller shall promptly pay when due
all its creditors in order to avoid any claim by any such creditor against
Purchaser or any of the Assets by virtue of the transactions contemplated by
this Agreement or any bulk transfer provisions under applicable law. Seller
hereby agrees to indemnify and hold Purchaser harmless from any liability, loss
or

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damage arising from failure of any applicable bulk transfer law to be satisfied
or from Seller's failure to perform this covenant.

             4.8   Negative Operating Covenants. Except as may be required by
regulatory authorities, Seller shall not, without the prior written consent of
Purchaser: (a) transfer to Seller's other banking facility any of the deposit
liabilities maintained at the Branch except upon the unsolicited request of a
depositor in the ordinary course of business; (b) transfer to the Branch any of
the deposits domiciled at its other banking facility except upon the unsolicited
request of a depositor in the ordinary course of business; (c) transfer, assign,
encumber or otherwise dispose of or enter into any contract, agreement or
understanding to transfer, assign, encumber or otherwise dispose of any of the
Assets; (d) enter into any contract, commitment, or other transaction relating
to the Branch, except for deposit taking and lending activities in the ordinary
course of business consistent with past practices; (e) offer interest rates on
any deposit liabilities at the Branch in excess of those interest rates paid on
similar deposits at Seller's other banking facility; or (f) alter its current
advertising or marketing programs at the Branch in any material respect, other
than as part of a general advertising or marketing campaign implemented by
Seller company wide.

             4.9   Affirmative Operating Covenants. Seller shall use its best
efforts to (a) cause the Deposits to be equal to or greater than the Deposit
Balance, (b) preserve the goodwill of customers and others doing business with
the Branch and (c) cause the Employees (as defined in Section 9.2) to continue
their employment with Purchaser on and after the Closing Date.

             4.10  [Intentional Omitted]

             4.11  Assistance in Obtaining Regulatory Approvals. Seller agrees
to use all reasonable efforts to assist Purchaser in obtaining all regulatory
approvals necessary to complete the transactions contemplated hereby, and Seller
will provide to Purchaser and to the appropriate regulatory authorities all
information reasonably required of Seller to be submitted by Purchaser in
connection with such approvals.

             4.12  Other Relationships. Except for the deposit relationships
being transferred by Seller to Purchaser, as of the Closing Date neither Seller
nor any of its affiliates will have any other business relationship with any of
holders of Deposits, except to the extent of any existing loan relationships
that may be outstanding.

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ARTICLE V
DOCUMENTS TO BE DELIVERED TO SELLER

             At or prior to the Closing, Purchaser shall deliver the following
documents to Seller:

             5.1   Certified copies of resolutions of the Board of Directors of
Purchaser approving and authorizing the execution, delivery and performance of
this Agreement and any other documents required to be executed and delivered by
Purchaser hereunder;

             5.2   Evidence of requisite regulatory approval for Purchaser to
consummate the transactions contemplated hereby; and

             5.3   An Instrument of Transfer, Assignment and Assumption, in the
form attached hereto as Exhibit 6.9, whereby Purchaser assumes and agrees to pay
or perform the Assumed Liabilities.

ARTICLE VI
DOCUMENTS TO BE DELIVERED TO PURCHASER

             At or prior to the Closing, Seller shall deliver the following
documents to Purchaser:

             6.1   A statement setting forth the aggregate amount of Deposit
Liabilities and Accrued Deposit Interest thereon to be transferred to and
assumed by Purchaser, as of the opening of business five (5) business days prior
to the Closing Date;

             6.2   A statement of the Purchased Loans, as of the opening of
business five (5) business days prior to the Closing Date, setting forth the
aggregate unpaid principal amount of such Purchased Loans and accrued interest
thereon and listing, for each Purchased Loan, the name and address of the
borrower, the unpaid principal amount thereof interest rate thereon and the
amount of accrued but unpaid interest owing in regard thereto, the amount of
escrows held by Seller with respect thereto, if any, and such other information
as may be necessary for Purchaser to establish accounts therefore;

             6.3   A statement of the Cash on Hand as of the opening of business
on the Closing Date, and of the estimated proration amounts determined in
accordance with Section 1.6 hereof,

             6.4   All records, files and documents of the Branch relating to
the Deposit Liabilities and Purchased Loans to be assumed or purchased by
Purchaser, including, but not limited to, signature cards, applications,
certificates, notes, security agreements, pledge agreements, and properly
executed assignments and endorsements with respect thereto, and actual physical
possession of the Branch;

             6.5   On or prior to Closing, Seller will have obtained and
delivered all material consents and assignments reasonably necessary to
authorize the transfer and assignment to Purchaser of, or the substitution of
Purchaser for Seller under, all material Contracts (without any material

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alterations required by any third party and preserving for Purchaser all
material rights and privileges thereunder).

             6.6   Certified copies of resolutions of the Board of Directors of
Seller approving and authorizing the execution, delivery and performance of this
Agreement and any other documents required to be executed and delivered to the
Seller hereunder;

             6.7   A provisional closing statement for execution by the parties;

             6.8   A listing of the Deposits as of the close of business five
(5) business days prior to the Closing Date (the "Deposit Listing") on hard copy
or utilizing such other method of information transfer as the parties shall have
agreed, which Deposit Listing shall include, for each Deposit, the name and
address of the owner thereof, the account number, the principle balance, the
accrued interest, the maturity date, if any, the interest rate, the tax
identification number, and such other information as may be necessary for
Purchaser to establish accounts therefore;

             6.9   An Instrument of Transfer, Assignment and Assumption in the
form attached hereto as Exhibit 6.9, and such other instruments of transfer
reasonably requested by Purchaser as necessary to transfer good and marketable
title to the Assets free and clear of all claims, encumbrances and rights of
third parties.

ARTICLE VII
POST-CLOSING MATTERS

             7.1   Information In Usable Form. Promptly following the Closing,
Purchaser and Seller will use reasonable efforts to cause all information
concerning the Purchased Loans and the Deposits to be transferred into a form
usable by Purchaser.

             7.2   Transactions After Closing Date.

          A.          Following the Closing, Purchaser agrees to pay in
accordance with law all checks, drafts and withdrawal orders which are properly
drawn by depositors with respect to the Deposits assumed by Purchaser, duly
endorsed (or for which necessary endorsements are deemed supplied by applicable
law) and otherwise properly payable, in light of credit balances and any
overdraft privileges applicable to such depositors, and presented to Purchaser
by mail, over its counters, or through the check clearing system of the banking
industry, and in all other respects to discharge, in the usual course of the
banking business, the duties and obligations of Seller with respect to the
balances due and owing to the depositors whose Deposits are assumed by the
Purchaser.

          B.          For a period of ninety (90) days after the Closing Date,
Seller agrees to act as Purchaser's limited correspondent for the processing of
checks, drafts and withdrawal orders drawn before or after the Closing on the
draft or check forms provided by the Seller on accounts assumed by Purchaser
hereunder, and Purchaser will honor and pay all such checks, drafts, and
withdrawals orders, if duly endorsed and to the extent that the

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credit balances or overdraft privileges of the drawers or makers permit,
provided that the Seller's sole responsibility shall be to actually deliver at
Seller's cost to a location reasonably designated by Purchaser in the State of
Washington all such checks, drafts and withdrawal orders to Purchaser or
Purchaser's agent at such times and places as the parties so shall agree but in
no event later than the same day Seller receives such checks, drafts and
withdrawal orders from its agent or processor. Purchaser agrees to indemnify
Seller for third party costs incurred by Seller with respect to this paragraph,
including charges to the Seller through the check clearing system of the banking
industry which result from check, draft or withdrawal forms of the Seller being
used after the Closing Date by the depositors whose accounts are assumed
hereunder.

          C.          If any uncollected item credited to a Deposit at the time
of the transfer of such Deposit to Purchaser is subsequently returned resulting
in an overdraft to the Deposit account, Seller agrees, not later than two (2)
business days after demand, to pay to Purchaser the amount of such uncollected
item; provided, however, that Purchaser shall, upon Seller's making payment for
such uncollected item, deliver such uncollected item to Seller and shall assign
to Seller any and all rights which Purchaser may have or obtain in connection
with such returned item.

          D.          If the balance due on any Purchased Loan transferred and
assigned to Purchaser pursuant to the terms of the Agreement has been reduced as
a result of the receipt of an item or items prior to the Closing Date, which are
returned after the Closing Date as uncollected, the asset value represented by
the Purchased Loan transferred shall be correspondingly increased, and an amount
in cash equal to such increase shall be paid by Purchaser to Seller within two
(2) business days after receipt of such returned item.

          E.          If Seller receives payment with respect to any Purchased
Loan after the Closing Date, Seller shall remit such payments to Purchaser in
the same form that Seller receives such payments.

          F.          For a period of thirty (30) days after the Closing Date,
Seller agrees that upon demand of Purchaser Seller shall immediately pay to
Purchaser the overdraft amount (negative balance) of any transferred Deposit.

             7.3   Further Assurances. On and after the Closing Date, Seller
shall (i) give such further assurances to Purchaser and shall execute,
acknowledge and deliver all such bills of sale, deeds acknowledgments and other
instruments, and take such further action as may be necessary and appropriate to
effectively vest in Purchaser the full legal and equitable title to the Assets
and to the security interests, if any, relating to the Assets, and (ii) use
reasonable efforts to assist Purchaser in the orderly transition of the Branch
operations being acquired by the Purchaser. In order to comply with its
obligations set forth in subsection (i) above, Seller will grant to specified
employees of Purchaser, if necessary, a power of attorney (the "Power of
Attorney") for the limited purpose of signing and filing all such bills of sale,
acknowledgments, assignments and other instruments.

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             7.4   Signage. All interior and exterior signs identifying the
Seller will be covered or removed by Purchaser, at Purchaser's expense, by the
opening of business on the first business day after the Closing Date and all
signs will be removed within ten (10) calendar days following the Closing Date.
From and after the Closing Date, Purchaser will at its expense as soon as
reasonably practicable change the name on all documents and facilities relating
to the Branch to Purchaser's name or to a name which is not deceptively similar
to Seller.

             7.5   Indemnification by Purchaser. Purchaser agrees to indemnify
and hold Seller harmless from and against any and all damages, liabilities and
losses which may be sustained by Seller by reason of Purchaser's breach of any
representation, warranty or covenant to Seller under this Agreement. Purchaser
further agrees to indemnify and hold Seller harmless from and against any and
all damages, liabilities and losses which may be sustained by Seller by reason
of Purchaser's actions on and after the Closing Date with respect to the Assets
or Assumed Liabilities transferred hereunder.

             Purchaser's covenants shall not be deemed to be violated by
discharge of Assumed Liabilities in accordance with normal trade practices or by
forbearing to discharge any such obligation which Purchaser is disputing in good
faith and for which Purchaser has provided adequate reserves, provided Purchaser
indemnifies and holds Seller harmless in connection with the same as set forth
above.

             7.6   Indemnification by Seller. Seller agrees to indemnify and
hold Purchaser harmless from and against any and all damages, liabilities and
losses which may be sustained by Purchaser by reason of Seller's breach of any
representation, warranty or covenant to Purchaser under this Agreement. Seller
further agrees to indemnify and hold Purchaser harmless from and against any and
all damages, liabilities and losses which may be sustained by Purchaser with
respect to the Branch, the Assets or the Assumed Liabilities arising from acts,
omissions or events occurring prior to the Closing Date.

             7.7   Defense of Actions - Purchaser Indemnifications. Seller shall
notify Purchaser promptly of any lawsuit or claim against Seller which it has
reasonable cause to believe would entitle it to indemnification hereunder.
Purchaser shall be entitled to assume at its expense the defense of, and to
determine the terms of settlement of, any such suit or claim, except that no
term awarding relief other than money damages against Seller may be agreed to
without the consent of Seller, and no award of money damages against Seller
shall be agreed to without satisfactory prior arrangements between Purchaser and
Seller to assure Seller that Purchaser will have sufficient funds available to
respond to the award. If Purchaser promptly so elects to assume, and promptly so
notifies Seller, and does assume, the defense of any such suit or claim, it
shall not be liable for any legal expense or other expenses incurred by Seller
with respect to such suit or claim and Seller shall be solely responsible for
those expenses (whether incurred by Seller before or after Purchaser assumes the
defense of any such suit or claim). If Purchaser does not assume the defense of
any such suit or claim, it shall thereafter be barred from disputing the nature
and amount of the monetary damages ultimately incurred or determined to have
been incurred by Seller in settling or litigating the suit or claim.

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             7.8   Defense of Actions - Seller Indemnifications. Purchaser shall
notify Seller promptly of any lawsuit or claim against Purchaser which it has
reasonable cause to believe would entitle it to indemnification hereunder.
Seller shall be entitled to assume at its expense the defense of and to
determine the terms of settlement of, any such suit or claim, except that no
term awarding relief other than money damages against Purchaser may be agreed to
without the consent of the Purchaser, and no award of money damages against
Purchaser shall be agreed to without satisfactory prior arrangements between
Seller and Purchaser to assure Purchaser that Seller will have sufficient funds
available to respond to the award. If Seller promptly so elects to assume, and
promptly so notifies Purchaser, and does assume, the defense of any such suit or
claim, it shall not be liable for any legal expense or other expenses incurred
by Purchaser with respect to such suit or claim and Purchaser shall be solely
responsible for those expenses (whether incurred by Purchaser before or after
Seller assumes the defense of any such suit or claim). If the Seller does not
assume the defense of any such suit or claim, it shall thereafter be barred from
disputing the nature and amount of the monetary damages ultimately incurred or
determined to have been incurred by the Purchaser in settling or litigating the
suit or claim.

ARTICLE VIII
CLOSING CONDITIONS

             8.1   Conditions Precedent to Seller's Obligation to Close. The
obligation of Seller to close the transactions contemplated by this Agreement is
subject to the satisfaction (unless waived in advance in writing by Seller) of
each of the following conditions and at or prior to Closing;

          (A)         The representations and warranties of Purchaser shall be
true and correct as of the date hereof and as of the time of Closing as if made
anew at such time;

          (B)         Purchaser shall have performed all of its covenants and
agreements contained herein which require performance at or prior to Closing;

          (C)         No action or proceeding shall have been instituted
pertaining to the transactions contemplated by this agreement; and

          (D)         All required regulatory approvals, regardless of whether
Seller or Purchaser was required to apply for the same, shall have been received
without the imposition of any burdensome condition upon Seller and all
applicable waiting periods shall have expired.

             8.2   Conditions Precedent to Purchaser's Obligation to Close. The
obligation of Purchaser to close the transactions contemplated by this Agreement
is subject to the satisfaction (unless waived in advance in writing by
Purchaser) of each of the following conditions at or prior to closing:

          (A)         The representations and warranties of Seller shall be true
and correct as of the date hereof and as of the time of Closing as if made anew
at such time;

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          (B)         Seller shall have performed all of its covenants and
agreements contained herein which require performance at or prior to Closing;

          (C)         No action or proceeding shall have been instituted
pertaining to the transactions contemplated by this Agreement;

          (D)         All required regulatory approvals, regardless of whether
Seller or Purchaser was required to apply for the same, shall have been received
without the imposition of any burdensome condition upon Purchaser and all
applicable waiting periods shall have expired; and

ARTICLE IX
MISCELLANEOUS

             9.1   Expenses. Seller and Purchaser each shall pay all of their
own out-of-pocket expenses in connection with this Agreement, including
appraisals, accounting and legal fees and taxes, if any, whether or not the
transactions contemplated by this Agreement are consummated. Purchaser shall be
responsible for payment of all costs associated with the filing and recording of
bills of sale and other instruments necessary or desirable to be filed by
Purchaser after the Closing.

             9.2   Employment of Existing Employees. The Seller shall terminate
employees of the Branch (the "Employees") on or prior to the Closing Date. The
Seller shall provide to the Purchaser, within ten (10) days after the Signing
Date of this Agreement, a list of Seller's present Branch employees, their
salaries, and their benefits. Prior to Closing, Purchaser agrees to extend
offers of at-will employment to the Employees for the same or similar positions
that the Employees hold with Seller and at no less than the existing annual base
salary paid by Seller to the Employees as of May 31, 2009; provided, however,
nothing in this offer of employment shall limit the right of the Purchaser to
terminate the Employees service for any reason and with or without cause.
Purchaser's employment offers also shall provide the Employees with at least the
same or similar benefits as the Purchaser offers to the Purchaser's other
employees that are similarly situated in terms of their position and longevity
(giving Employee credit for years of service with Seller). Seller shall be
responsible for payment of all salaries and benefits of the Employees prior to
the Closing. Purchaser and Seller acknowledge that shortly following Closing,
Purchaser expects to close its Lakewood banking branch office and consolidate
its Lakewood operations with and into the Branch. In connection with this
consolidation, an Employee's employment with the Purchaser may be terminated, or
the Employee's duties, responsibilities or benefits may be materially changed,
in Purchaser's sole discretion. Seller shall indemnify Purchaser for any
damages, losses and expenses (including reasonable attorney fees) incurred by
the Purchaser resulting from employment claims by Seller's Branch employees
against Purchaser relating to Seller's actions with respect to such employees
prior to termination of employment on or prior to the Closing Date, as required
by the first sentence of this Section 9.2. The Purchaser shall indemnify Seller
for any damages, losses and expenses (including reasonable attorney fees)
incurred by Seller resulting from employment claims by Seller's Branch employees
against the Seller relating to Purchaser's actions with respect to such
employees from and after the Closing Date.

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             9.3   Earnest Money. Purchaser has paid to Seller simultaneously
with the execution of this Agreement earnest money in the amount of Twenty-Five
Thousand Dollars ($25,000) (the "Earnest Money"), the receipt of which the
Seller hereby acknowledges. The Earnest Money is not refundable if this
Agreement is properly terminated by Seller pursuant to Section 9.4A or by
Purchaser or Seller pursuant to Section 9.4C.

             9.4   Termination; Extension of Closing Date. This Agreement may be
terminated:

          A.          By the non-defaulting party, if the other party hereto
shall fail to perform or comply in a timely manner with its obligations under
this Agreement and such failure remains uncured on the tenth (10th) day
following receipt of written notice from the non-defaulting party thereof.

          B.          By mutual consent of the parties hereto.

          C.          By Seller or Purchaser, if the Closing has not occurred as
of September 30, 2009, unless Purchaser provides Seller with written notice at
least 30 days prior to September 30, 2009 of its election to further extend the
time for consummation of the transactions contemplated by this Agreement to
December 30, 2009; provided a defaulting party may not exercise a right of
termination or extension under this paragraph.

          D,          By Seller or Purchaser, in the event Seller is unable to
obtain an assignment, at no additional cost to Seller except as expressly set
forth in Section 13 of the real property lease set forth in Schedule 1.2B, of
the Leased Real Property to Purchaser (without any material alterations required
by any third party and preserving for Purchaser all material rights and
privileges thereunder).

             9.5   Modification and Waiver. No modifications of any provision of
the Agreement shall be binding unless in writing and executed by the party
sought to be bound thereby. Performance of or compliance with any covenant given
herein or satisfaction of any condition to the obligations of either party
hereunder may be waived by the party to whom such covenant is given or by whom
such condition is intended to benefit, except to the extent any such condition
is required by law, so long as any such waiver is in writing.

             9.6   Binding Effect, Assignment. This Agreement shall be binding
upon and shall inure to the benefit of the parties hereto and their respective
successors and assigns, provided, however, that neither this Agreement nor any
rights, privileges, duties or obligations of the parties hereto may be assigned
by either party without the written consent of the other party to this
Agreement, and provided further that in the case of any such assignment the
assigning party shall also remain responsible as a party hereto.

             9.7   Entire Agreement; Governing Law. This Agreement, together
with the Exhibits attached hereto and made a part hereof, contains the entire
Agreement between the parties hereto with respect to the transactions covered
and contemplated hereunder, and supersedes all prior agreements or
understandings between the parties hereto relating to the subject matter
thereof. This Agreement shall be governed by and construed in accordance with
the federal banking laws

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of the United States, as appropriate, and otherwise in accordance with the laws
of the State of Washington.

             9.8   Headings. The headings in this Agreement are intended solely
for convenience of reference and shall be given no effect in the construction or
interpretation of this Agreement.

             9.9   Severability. In the event that any provision of this
Agreement shall be held invalid, illegal or unenforceable in any respect, the
validity, illegality and enforceability of the remaining provisions contained in
this Agreement shall not in any way be affected or impaired thereby, and this
Agreement shall otherwise remain in full force and effect.

             9.10  Counterparts. This Agreement may be executed in one or more
counterparts, all of which shall be considered one and the same agreement and
shall become effective when one or more counterparts have been signed by each of
the parties hereto.

             9.11  Notices. All notices, consents, requests, instruction,
approvals, waivers, stipulations and other communications provided herein to be
given by one party hereto to the other party shall be deemed validly given, made
or served, if in writing and delivered personally or sent by certified mail,
return receipt requested, if to

             Seller addressed to:

6920 220th Street, SW
Mountlake Terrace, WA 98043
Attention: Joseph Adams, CEO

             Purchaser addressed to:

2001 5th Avenue, Suite 200
Seattle, WA 98121
Attention: Laurie Stewart, President and CEO

             Notice by certified mail shall be deemed to be received three (3)
business days after mailing of the same. Either party may change the persons or
addresses to whom or to which notices may be sent by written notice to the
other.

             9.12  Survival. All of the representations, warranties, covenants
and agreements of the parties contained in this Agreement, except as otherwise
stated, shall survive the Closing.

             9.13  Remedies. In the event the transactions contemplated by this
Agreement are not consummated due to the willful breach by a party hereto, then
the nonbreaching party shall be entitled to all remedies and relief, at law or
in equity, against the breaching party with all remedies being deemed cumulative
and no remedy being deemed exclusive.

             The parties hereto have caused this Agreement to be executed, by
their duly authorized representatives, as of the day and year first above
written.

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PURCHASER: SELLER: By: /s/ Laura Lee Stewart 

--------------------------------------------------------------------------------

By: /s/ Joe Adams 

--------------------------------------------------------------------------------

Name: Laura Lee Stewart  

--------------------------------------------------------------------------------

Name: Joe Adams 

--------------------------------------------------------------------------------

Title: President/CEO

--------------------------------------------------------------------------------

Title CEO 

--------------------------------------------------------------------------------

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INDEX OF EXHIBITS

Exhibit 1.1A Personal Property Exhibit 1.1B 1.1B(1) Excluded Loans as of May 31,
2009; 1.1B(2) Existing Loans as of May 31, 2009: 1.1B(3) Purchased Loans as of
the Closing Date Exhibit 1.2A Deposit Liabilities [1.2A(1) as of May 31, 2009;
1.2A(2) as of the Closing Date] Exhibit 1.2B Contracts Exhibit 6.9 Instrument of
Transfer, Assignment and Assumption

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