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                                Agreement between
                             EvergreenBancorp, Inc.
                                       and
                                 Bette J. Floray

This Agreement ("Agreement") is made and entered into between EvergreenBancorp,
Inc. (the "Company") and Bette J. Floray (Interim Chief Financial Officer).

                                    Recitals

      A.    The Company desires to retain the services of the Interim Chief
            Financial Officer to perform for the Company on an as-needed basis
            functions similar to those of the Company's Chief Financial Officer.

      B.    Interim Chief Financial Officer desires to perform, and the Company
            is willing to have Chief Financial Officer perform, such services as
            an independent contractor for the Company.

                                    Agreement

Now, therefore, the parties hereto hereby agree as follows:

      1.    Effective date. August 3, 2006

      2.    Services. Interim Chief Financial Officer agrees to serve on an
            as-needed basis.

      3.    Compensation. As compensation for the performance of the Services,
            the Company shall pay Interim Chief Financial Officer one hundred
            fifty dollars ($150) per hour.

      4.    Expenses. The Company shall reimburse Interim Chief Financial
            Officer for any expenses incurred by Interim Chief Financial Officer
            in performing the Services subject to Interim Chief Financial
            Officer providing receipts or other documentation that evidences
            such expenses.

      5.    Termination. Either party hereto shall have the right to terminate
            this Agreement in the event of a breach by the other party if such
            breach continues uncured for a period of five days after the
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            breaching party is given written notice thereof by the non-breaching
            party. Notwithstanding the foregoing sentence, the Company may
            immediately terminate this Agreement if Interim Chief Financial
            Officer breaches any provision of Section 7 below. The election by
            the Company to terminate this Agreement shall not be deemed an
            election of remedies, and all other remedies provided by this
            Agreement or available at law or in equity shall survive any such
            termination.

      6.    Relationship of parties.

            1.    Independent Contractor. Interim Chief Financial Officer is an
                  independent contractor and is not an agent, partner, or
                  employee of the Company. Interim Chief Financial Officer shall
                  perform the Services under the general direction of the
                  Company, but Interim Chief Financial Officer shall determine,
                  in Interim Chief Financial Officer's sole and exclusive
                  discretion, the manner and means by which the Services are
                  accomplished, subject to the requirement that Interim Chief
                  Financial Officer shall, at all times, comply with applicable
                  law.

            2.    Employment Taxes and Contributions. Interim Chief Financial
                  Officer shall report as income all compensation received by
                  Interim Chief Financial Officer under this Agreement. The
                  Company shall not withhold any federal, state or local taxes,
                  or make any contributions on behalf of Interim Chief Financial
                  Officer relating to the compensation received by Interim Chief
                  Financial Officer under this Agreement.

            3.    No Benefits. Because Interim Chief Financial Officer is
                  engaged an independent contractor and not an employee of the
                  company, the company shall not provide Interim Chief Financial
                  Officer with any form or type of benefits, including, but not
                  limited to, health, life, or disability insurance.

      7.    Confidential Information

            1.    Confidential Information. For purposes of this Agreement, the
                  term "Confidential Information" shall include, but not be
                  limited to: (i) information concerning the operation, business
                  and finances of the Company; (ii) the identity and financial
                  information and records of customers of the Company; and (iii)
                  information regarding regulatory examinations and other
                  information regarding the Company not generally known other
                  than by the Company and its agents, employees, and other
                  representatives.

            2.    Maintenance of Confidentiality. Interim Chief Financial
                  Officer acknowledges that maintaining the confidentiality of
                  all Confidential information is critically important to the
                  Company and that Interim Chief Financial Officer has a
                  fiduciary duty to maintain the confidentiality of the
                  Confidential Information. In addition, Interim Chief Financial
                  Officer understands that agreement to maintain the
                  confidentiality of all Confidential Information is a material
                  inducement to the Company in executing this agreement.

            3.    Restriction on Removal and Duplication. Interim Chief
                  Financial Officer agrees not to remove, reproduce, summarize
                  or copy any Confidential Information except as expressly
                  required by the Company in connection with the performance of
                  her Services under this Agreement. Interim Chief Financial
                  Officer agrees to return all Confidential Information once
                  such Confidential Information is no longer required for
                  Interim Chief Financial Officer to perform services for the
                  Company.

      8.    Arbitration

            1.    Arbitration. At either party's request, the parties must
                  submit any dispute, controversy, or claim arising out of or in
                  connection with, or relating to, this Agreement or any breach
                  or alleged breach of this Agreement, to arbitration under the
                  American Arbitration Association's rules then in effect.

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            2.    Governing Law. All proceedings will be held at a place
                  designated by the arbitrator in King County, Washington. The
                  arbitrator, in rendering a decision as to any state law
                  claims, will apply Washington law.

In witness whereof, the parties have signed this Agreement as of the date first
set forth above.

EvergreenBancorp, Inc.                Interim Chief Financial Officer

/s/ Gerald O. Hatler                  /s/ Bette J. Floray
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Gerald O. Hatler                      Bette J. Floray
Chief Executive Officer