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Exhibit 4.5




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TABLE OF CONTENTS
 PageARTICLE IDEFINITIONSSECTION 1.01. Definitions
    
    
    1ARTICLE IIDEBT SECURITIESSECTION 2.01. Authentication and Dating
    
    
    8SECTION 2.02. Form of Trustees Certificate of Authentication
    
    
    9SECTION 2.03. Form and Denomination of Debt Securities
    
    
    9SECTION 2.04. Execution of Debt Securities
    
    
    9SECTION 2.05. Exchange and Registration of Transfer of Debt Securities
    
    
    10SECTION 2.06. Mutilated, Destroyed, Lost or Stolen Debt Securities
    
    
    13SECTION 2.07. Temporary Debt Securities
    
    
    14SECTION 2.08. Payment of Interest
    
    
    14SECTION
2.09. Cancellation of Debt Securities Paid, etc.
    
    
    15SECTION 2.10. Computation of Interest
    
    
    16SECTION 2.11. Extension of Interest Payment Period
    
    
    17SECTION 2.12. CUSIP Numbers
    
    
    18SECTION 2.13. Income Tax Certification
    
    
    19ARTICLE IIIPARTICULAR COVENANTS OF THE COMPANYSECTION 3.01. Payment of Principal, Premium and Interest; Agreed
Treatment of the Debt Securities
    
    
    19SECTION
3.02. Offices for Notices and Payments, etc.
    
    
    20SECTION 3.03. Appointments to Fill Vacancies in Trustees Office
    
    
    20SECTION 3.04. Provision as to Paying Agent
    
    
    20SECTION 3.05. Certificate to Trustee
    
    
    21SECTION 3.06. Additional Interest
    
    
    22SECTION 3.07. Compliance with Consolidation Provisions
    
    
    22SECTION 3.08. Limitation on Dividends
    
    
    22SECTION 3.09. Covenants as to the Trust
    
    
    23ARTICLE IVLISTS AND REPORTS BY THE COMPANY AND THE TRUSTEESECTION 4.01. Securityholders Lists
    
    
    23
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TABLE OF CONTENTS
(CONTINUED)
 PageSECTION 4.02. Preservation and Disclosure of Lists
    
    
    24SECTION 4.03. Financial and Other Information
    
    
    25ARTICLE VREMEDIES OF THE TRUSTEE AND SECURITYHOLDERS UPON AN EVENT OF DEFAULTSECTION 5.01. Events of Default
    
    
    25SECTION 5.02. Payment of Debt Securities on Default; Suit Therefor
    
    
    28SECTION 5.03. Application of Moneys Collected by Trustee
    
    
    29SECTION 5.04. Proceedings by Securityholders
    
    
    29SECTION 5.05. Proceedings by Trustee
    
    
    30SECTION 5.06. Remedies Cumulative and Continuing
    
    
    30SECTION 5.07. Direction of Proceedings and Waiver of Defaults by Majority
of Securityholders
    
    
    31SECTION 5.08. Notice of Defaults
    
    
    31SECTION 5.09. Undertaking to Pay Costs
    
    
    32ARTICLE VICONCERNING THE TRUSTEESECTION 6.01. Duties and Responsibilities of Trustee
    
    
    32SECTION 6.02. Reliance on Documents, Opinions, etc.
    
    
    34SECTION
6.03. No Responsibility for Recitals, etc.
    
    
    35SECTION 6.04. Trustee, Authenticating Agent, Paying Agents, Transfer
Agents or Registrar May Own Debt Securities
    
    
    35SECTION 6.05. Moneys to be Held in Trust
    
    
    35SECTION 6.06. Compensation and Expenses of Trustee
    
    
    35SECTION 6.07. Officers Certificate as Evidence
    
    
    36SECTION 6.08. Eligibility of Trustee
    
    
    36SECTION 6.09. Resignation or Removal of Trustee, Calculation Agent,
Paying Agent or Debt Security Registrar
    
    
    37SECTION 6.10. Acceptance by Successor
    
    
    38SECTION 6.11. Succession by Merger, etc.
    
    
    39SECTION 6.12. Authenticating Agents
    
    
    40
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TABLE OF CONTENTS
(CONTINUED)
 PageARTICLE VIICONCERNING THE SECURITYHOLDERSSECTION 7.01. Action by Securityholders
    
    
    41SECTION 7.02. Proof of Execution by Securityholders
    
    
    41SECTION 7.03. Who Are Deemed Absolute Owners
    
    
    42SECTION 7.04. Debt Securities Owned by Company Deemed Not Outstanding
    
    
    42SECTION 7.05. Revocation of Consents; Future Securityholders Bound
    
    
    42ARTICLE VIIISECURITYHOLDERS MEETINGSSECTION 8.01. Purposes of Meetings
    
    
    43SECTION 8.02. Call of Meetings by Trustee
    
    
    43SECTION 8.03. Call of Meetings by Company or Securityholders
    
    
    44SECTION 8.04. Qualifications for Voting Covenants as to the Trust
    
    
    44SECTION 8.05. Regulations
    
    
    44SECTION 8.06. Voting
    
    
    45SECTION 8.07. Quorum; Actions
    
    
    45SECTION 8.08. Written Consent Without a Meeting
    
    
    46ARTICLE IXSUPPLEMENTAL INDENTURESSECTION 9.01. Supplemental Indentures without Consent of Securityholders
    
    
    46SECTION 9.02. Supplemental Indentures with Consent of Securityholders
    
    
    47SECTION 9.03. Effect of Supplemental Indentures
    
    
    49SECTION 9.04. Notation on Debt Securities
    
    
    49SECTION 9.05. Evidence of Compliance of Supplemental Indenture to be furnished to Trustee
    
    
    49ARTICLE XREDEMPTION OF SECURITIESSECTION 10.01. Optional Redemption
    
    
    49SECTION 10.02. Special Event Redemption
    
    
    50SECTION 10.03. Notice of Redemption; Selection of Debt Securities
    
    
    50SECTION 10.04. Payment of Debt Securities Called for Redemption
    
    
    51ARTICLE XICONSOLIDATION, MERGER, SALE, CONVEYANCE AND LEASESECTION 11.01. Company May Consolidate, etc., on Certain Terms
    
    
    51SECTION 11.02. Successor Entity to be Substituted
    
    
    52
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TABLE OF CONTENTS
(CONTINUED)
 PageSECTION 11.03. Opinion of Counsel to be Given to Trustee
    
    
    52ARTICLE XIISATISFACTION AND DISCHARGE OF INDENTURESECTION 12.01. Discharge of Indenture
    
    
    53SECTION 12.02. Deposited Moneys to be Held in Trust by Trustee
    
    
    53SECTION 12.03. Paying Agent to Repay Moneys Held
    
    
    54SECTION 12.04. Return of Unclaimed Moneys
    
    
    54ARTICLE XIIIIMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORSSECTION 13.01. Indenture and Debt Securities Solely Corporate Obligations
    
    
    54ARTICLE XIVMISCELLANEOUS PROVISIONSSECTION 14.01. Successors
    
    
    54SECTION 14.02. Official Acts by Successor Entity
    
    
    55SECTION 14.03. Surrender of Company Powers
    
    
    55SECTION
14.04. Addresses for Notices, etc.
    
    
    55SECTION 14.05. Governing Law
    
    
    55SECTION 14.06. Evidence of Compliance with Conditions Precedent
    
    
    55SECTION 14.07. Non-Business Days
    
    
    56SECTION
14.08. Table of Contents, Headings, etc.
    
    
    56SECTION 14.09. Execution in Counterparts
    
    
    56SECTION 14.10. Severability
    
    
    56SECTION 14.11. Assignment
    
    
    57SECTION 14.12. Acknowledgment of Rights
    
    
    57ARTICLE XVSUBORDINATION OF DEBT SECURITIESSECTION 15.01. Agreement to Subordinate
    
    
    57SECTION 15.02. Default on Senior Indebtedness
    
    
    58SECTION 15.03. Liquidation; Dissolution; Bankruptcy
    
    
    58SECTION 15.04. Subrogation
    
    
    59SECTION 15.05. Trustee to Effectuate Subordination
    
    
    60SECTION 15.06. Notice by the Company
    
    
    60
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TABLE OF CONTENTS
(CONTINUED)
 PageSECTION 15.07. Rights of the Trustee, Holders of Senior Indebtedness
    
    
    61SECTION 15.08. Subordination May Not Be Impaired
    
    
    61EXHIBITSEXHIBIT A            FORM OF DEBT SECURITY
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Definitions.




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provided
     rd
  -5-




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Special Redemption During the12-Month Period Beginning September 15
    
    Percentage of Principal Amount2007
    
    103.140%2008
    
    102.355%2009
    
    101.570%2010
    
    100.785%2011 and thereafter
    
    100.000%
   -7-




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Authentication and Dating.
  -8-




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Form of Trustees Certificate of Authentication.
    ByAuthorized Signatory
 Form and Denomination of Debt Securities.
  Execution of Debt Securities.
  -9-




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Exchange and Registration of Transfer of Debt Securities.
     -10-




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-11-




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-12-




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Mutilated, Destroyed, Lost or Stolen Debt Securities.
    -13-




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Temporary Debt Securities.
  Payment of Interest.
  -14-




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Cancellation of Debt Securities Paid, etc.
  -15-




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Computation of Interest.
 provided however
    -16-




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Extension of Interest Payment Period.
  -17-




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provided however provided further however provided
 CUSIP Numbers.
 provided
 -18-




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Income Tax Certification.
    Payment of Principal, Premium and Interest; Agreed Treatment of the Debt Securities.
    -19-




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pari passu
 Offices for Notices and Payments, etc.
 th
 provided however
 Appointments to Fill Vacancies in Trustees Office.
  Provision as to Paying Agent.
   -20-




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Certificate to Trustee.
  -21-




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Additional Interest.
  Compliance with Consolidation Provisions.
  Limitation on Dividends.
 pari passu pari passu
 -22-




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pari passu
 Covenants as to the Trust.
 provided however
   Securityholders Lists.
   -23-




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Preservation and Disclosure of Lists.
      -24-




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Financial and Other Information
     Events of Default
   -25-




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-26-




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ipso facto
    -27-




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Payment of Debt Securities on Default; Suit Therefor
   -28-




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Application of Moneys Collected by Trustee
      Proceedings by Securityholders
  -29-




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provided
  Proceedings by Trustee
  Remedies Cumulative and Continuing
  -30-




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Direction of Proceedings and Waiver of Defaults by Majority of
Securityholders
 provided however ipso facto provided however provided further
 Notice of Defaults
  -31-




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provided
 Undertaking to Pay Costs
    Duties and Responsibilities of Trustee
   -32-




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-33-




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Reliance on Documents, Opinions, etc
       provided however
  -34-




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No Responsibility for Recitals, etc
  Trustee, Authenticating Agent, Paying Agents, Transfer Agents or Registrar May
Own Debt Securities
  Moneys to be Held in Trust
  Compensation and Expenses of Trustee
  -35-




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Officers Certificate as Evidence
  Eligibility of Trustee
  -36-




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Resignation or Removal of Trustee, Calculation Agent, Paying Agent or Debt
Security Registrar
     -37-




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Acceptance by Successor
  -38-




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Succession by Merger, etc
 provided
 provided however
 -39-




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Authenticating Agents
     -40-




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Action by Security,holders
  provided however
 Proof of Execution by Securityholders
  -41-




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Who Are Deemed Absolute Owners
  Debt Securities Owned by Company Deemed Not Outstanding
  Revocation of Consents; Future Securityholders Bound
  -42-




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Purposes of Meetings
      Call of Meetings by Trustee
  -43-




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Call of Meetings by Company or Securityholders
  Qualifications for Voting
  Regulations
   however
 -44-




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Voting
  Quorum; Actions
 provided however
 provided however
 -45-




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Written Consent Without a Meeting
    Supplemental Indentures without Consent of Securityholders
   provided however
 -46-




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Supplemental Indentures with Consent of Securityholders
  -47-




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provided however provided further provided further
   
 -48-




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Effect of Supplemental Indentures
  Notation on Debt Securities
  Evidence of Compliance of Supplemental Indenture to be furnished to Trustee
    Optional Redemption
  -49-




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Special Event Redemption
  Notice of Redemption; Selection of Debt Securities
     -50-




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Payment of Debt Securities Called for Redemption
     Company May Consolidate, etc., on Certain Terms
 provided however
 -51-




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Successor Entity to be Substituted
  Opinion of Counsel to be Given to Trustee
  -52-




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Discharge of Indenture
  Deposited Moneys to be Held in Trust by Trustee
  -53-




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Paying Agent to Repay Moneys Held
  Return of Unclaimed Moneys
    Indenture and Debt Securities Solely Corporate Obligations
      -54-




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Official Acts by Successor Entity.
  Surrender of Company Powers.
  . Addresses for Notices, etc.
  
  rd
 Governing Law.
  Evidence of Compliance with Conditions Precedent.
  -55-




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Non-Business Days.
  Table of Contents, Headings, etc.
  Execution in Counterparts.
  Severability.
  -56-




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Assignment.
 provided however
 Acknowledgment of Rights.
    Agreement to Subordinate.
  
 -57-




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Default on Senior Indebtedness.
   Liquidation; Dissolution; Bankruptcy.
  -58-




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provided
 Subrogation.
  -59-




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Trustee to Effectuate Subordination.
  Notice by the Company.
 provided however
 -60-




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Rights of the Trustee, Holders of Senior Indebtedness.
    Subordination May Not Be Impaired.
  -61-




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Capital Corp of the WestBy:
    
    /s/ Thomas HawkenName:
    
    Thomas HawkenTitle:
    
    President/ CEOU.S. Bank National Association, as TrusteeBy:
    
    /s/ Paul D. AllenName:
    
    Paul D. AllenTitle:
    
    Vice President
 -63-




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FORM OF JUNIOR SUBORDINATED DEBT SECURITY
DUE 2036
    A-1




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A-2




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A-3




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provided however
 provided however provided further
 A-5




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provided
    A-6




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A-7




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Capital Corp of the WestBy:Name:Title:
 
 CERTIFICATE OF AUTHENTICATION
  U.S. Bank National Association, not in itsindividual capacity but solely as TrusteeBy:Authorized Signatory
 
 A-8




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pro rata
   Special Redemption During the12-Month Period Beginning September 15
    
    Percentage of Principal Amount2007
    
    103.140%2008
    
    102.355%2009
    
    101.570%2010
    
    100.785%2011 and thereafter
    
    100.000%
 A-9




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ipso facto
 provided however
  A-10




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A-11