EX-10.11



 Exhibit 10.11 

LEASE AMENDMENT 2.0 
 THIS
AMENDMENT (“Amendment”) is entered into as of March 31, 2008 between Arthur W. Skotdal and Marianne P. Skotdal and the marital community composed thereof; and Edwin McRory and Irene McRory and the marital community composed
thereof; and Thomas Goyette and Louise Goyette and the marital community composed thereof; and Skotdal Brothers, LLC a Washington limited liability company, hereinafter collectively referred to as “Lessor”, and Coastal Community Bank
hereinafter referred to as “Lessee”, and provides for the amendment of that certain lease dated October 21, 1996 (“Lease”) previously entered into by the parties hereto, plus Amendment 1.0 entered into on August 15,
2006. 
 Recitals: 
  

	 	A.	The leased premises are located on Lots 7 and 8, Block 667, Plat of Everett, according to the plat recorded in volume 3 of Plats, page 32, in Snohomish County, Washington. Together with Lots A, B, C, and 18A, Block 667,
tunnel addition to Everett, according to the plat thereof recorded in Volume 4 of Plats, page 34, in Snohomish County, Washington. 

  

	 	B.	The Term of the Lease is ten (10) years and zero (0) months, commencing on January 1, 1997 and terminating December 31, 2006, inclusive. 


 

	 	C.	Lessee has provided Lessor with written notice exercising the first option to extend for a five (5) year period, and added time to the lease. Lessee has zero (-0-) options remaining to extend the Lease. 

 NOW, THEREFORE, for good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, it is hereby agreed as follows: 
 Agreement: 

 

	 	1.	The Lease shall be extended ten (10) years, commencing April 1, 2008 and ending March 31, 2018 (Paragraph 3). 

  

	 	2.	The base rent for the leased premises shall be decreased as follows: 

 Extend the lease through
3-31-2018: 
 4-1-2008 through 3-31-2013 at $37,583 per month 

4-1-2013 through 3-31-2018 at $39,583 per month 
 Based on a nine-month notice, the existing parking lot would be
removed and the bank would then have the fifteen (15) spaces behind the Shops on Colby. When and if this takes place, your monthly rent of $37,583 would reduce to $34,583 per month for part of the first 5 years, or your monthly rent of $39,583
would reduce to $36,583 per month for part of the second 5 years. This $3,000 per month reduction would continue until we finish our new building on your existing 

  
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parking lot, as well as the adjoining property. Our new building would provide you with eighteen (18) customer parking spaces, which will have convenient access to your rear door. This
$3,000 per month reduction will be for thirty-six (36) months, even if the new building is completed earlier. 

Regarding the drive-thru area, it would be one of our goals to gain access to Wetmore Avenue. This would depend on the design of a new
building, as well as City approval. We would try to provide this, but cannot guarantee this. In a worst case scenario, the Bank’s customers would exit the drive-thru via the alleyway in much the same way as vehicles now exit the garage at the
Frontier Bank Building. 
 We would identify the parking behind the Shops on Colby and in the new building’s parking garage with signage
labeled “Coastal Bank Use Only”. 
 We would work to keep the alley open at all times by signing the alley with “No
Parking” and have our people help by overseeing the alley. 
 IN WITNESS WHEREOF, the parties have executed this Amendment 2.0 to Lease
effective March 31, 2008. 
 Lessor: 

Arthur W. Skotdal and Marianne P. Skotdal and the marital community composed thereof; and Edwin McRory and Irene McRory and the marital
community composed thereof; and Thomas Goyette and Louise Goyette and the marital community composed thereof; and Skotdal Brothers, LLC a Washington limited liability company. 

 

			
	By:	 	 /s/ Arthur W. Skotdal

		 	Arthur W. Skotdal
		
	By:	 	 /s/ Marianne P. Skotdal by Arthur W. Skotdal Attorney in Fact

		 	 Marianne P. Skotdal by Arthur W. SkotdalAttorney in Fact

		
	By:	 	 /s/ Edwin McRory by Arthur W. Skotdal Attorney in Fact

		 	 Edwin McRory by Arthur W. SkotdalAttorney in Fact

		
	By:	 	 /s/ Irene McRory by Arthur W. Skotdal Attorney in Fact

		 	 Irene McRory by Arthur W. SkotdalAttorney in Fact



  
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	By:	 	 /s/ Thomas Goyette by Arthur W. Skotdal Attorney in Fact

		 	 Thomas Goyette by Arthur W. SkotdalAttorney in Fact

		
	By:	 	 /s/ Louise Goyette by Arthur W. Skotdal Attorney in Fact

		 	 Louise Goyette by Arthur W. SkotdalAttorney in Fact

		
	By:	 	 /s/ Craig G. Skotdal

		 	 Skotdal Brothers, LLC

    Craig G. Skotdal, Member

	
	 Lessee: Coastal Community Bank

		
	By:	 	 /s/ Lee A. Pintar

		 	 Lee A. Pintar, Chairman & CEO



  
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 Lessor’s Acknowledgement 

 

					
	STATE OF WASHINGTON	 	)	 	
		 	)	 	SS
	COUNTY OF SNOHOMISH	 	)	 	

 On this day personally appeared before me Arthur W. Skotdal and Marianne P. Skotdal and the marital community composed
thereof, to me known to be the individuals described in and who executed the within and foregoing instrument, and acknowledged that they signed the same as their free and voluntary act and deed, for the uses and purposes therein mentioned. 

Given under my hand and official seal this 31st day of March, 2008. 

 

	
	 /s/ Connie L. Fisher

	(Signature)
	
	 Connie L Fisher

	(Printed Name)
	
	 Notary Public in and for the State of Washington, residing in Everett

My commission expires 1-29-10



  

					
	STATE OF WASHINGTON	 	)	 	
		 	)	 	SS
	COUNTY OF SNOHOMISH	 	)	 	

 On this day personally appeared before me Edwin McRory and Louise McRory and the marital community composed thereof, to me
known to be the individuals described in and who executed the within and foregoing instrument, and acknowledged that they signed the same as their free and voluntary act and deed, for the uses and purposes therein mentioned. 

Given under my hand and official seal this 31st day of March, 2008. 

 

	
	 /s/ Connie L. Fisher

	(Signature)
	
	 Connie L Fisher

	(Printed Name)
	
	 Notary Public in and for the State of Washington, residing in Everett

My commission expires 1-29-10




  
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 Lessor’s Acknowledgement 

 

					
	STATE OF WASHINGTON	 	)	 	
		 	)	 	SS
	COUNTY OF SNOHOMISH	 	)	 	

 On this day personally appeared before me Thomas Goyette and Louise Goyette and the marital community composed thereof, to me
known to be the individuals described in and who executed the within and foregoing instrument, and acknowledged that they signed the same as their free and voluntary act and deed, for the uses and purposes therein mentioned. 

Given under my hand and official seal this 31st day of March, 2008. 

 

	
	 /s/ Connie L. Fisher

	(Signature)
	
	 Connie L Fisher

	(Printed Name)
	
	 Notary Public in and for the State of Washington, residing in Everett

My commission expires 1-29-10



  

					
	STATE OF WASHINGTON	 	)	 	
		 	)	 	SS
	COUNTY OF SNOHOMISH	 	)	 	

 On this day personally appeared before me Craig Skotdal, Member of Skotdal Brothers, LLC a Washington limited liability
company, to me known to be the company’s representative described in and who executed the within and foregoing instrument, and acknowledged that they signed the same as his free and voluntary act and deed, for the uses and purposes therein
mentioned. 
 Given under my hand and official seal this 31st day of March, 2008. 

 

	
	 /s/ Connie L. Fisher

	(Signature)
	
	 Connie L Fisher

	(Printed Name)
	
	 Notary Public in and for the State of Washington, residing in Everett

My commission expires 1-29-10




  
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 Lessee’s Acknowledgement 

 

					
	STATE OF WASHINGTON	 	)	 	
		 	)	 	SS
	COUNTY OF SNOHOMISH	 	)	 	

 On this day of March 31, 2008, before me personally appeared Lee A. Pintar, to me known to be Chairman & CEO of
Coastal Community Bank, the Corporation that executed the within and foregoing instrument and acknowledge the said instrument to be the free and voluntary act and deed of said Corporation, for the uses and purposes therein mentioned and on oath
stated that they were authorized to execute the said instrument and that the seal affixed is the Corporate Seal of said Corporation. 
 Given under my hand
and official seal this 31st day of March, 2008. 
  

	
	/s/ Cynthia L. Heltne
	(Signature)
	
	 Cynthia L. Heltne

	(Printed Name)
	
	 Notary Public in and for the State of Washington, residing at [Illegible]

My commission expires 6/14/08




  
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