**Exhibit 10.13**

WEST COAST
BANCORPDIRECTORS DEFERRED
COMPENSATION PLAN

(2008
Restatement)

Originally Effective as of January 1,
2005

Restated Effective as of November 7,
2008for Compliance with IRC § 409A

PREAMBLE

This plan document, signed on November
7, 2008, by West Coast Bancorp, a corporation organized under the laws of the
State of Oregon and registered as a bank holding company under the Bank Holding
Company Act of 1956, as amended, (Bancorp), sets forth the terms of the West
Coast Bancorp Directors Deferred Compensation Plan (the Plan), effective as
of November 7, 2008.

ARTICLE 1PURPOSE

|1.1 |  | PURPOSE.Bancorp has established this Plan,
      originally effective as of January 1, 2005, for the benefit of its
      Directors and those of its Participating Subsidiaries. This Plan is
      primarily intended to allow these Directors to defer receipt of their
      directors fees on a tax-deferred basis. Bancorp anticipates that offering
      this deferred compensation arrangement will assist it and its subsidiaries
      in attracting, rewarding and retaining high-quality
Directors.                                                                                                                                                                                                                                                                                                                                                                    
|--- |  | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|1.2 |  | RESTATEMENT OFINTERIMPLANDOCUMENT.The terms and conditions of the Plan were originally set
      forth in the Interim Plan Document for Operational Compliance with the
      American Jobs Creation Act, effective January 1, 2005 (the Interim Plan
      Document). As expressly stated in the Interim Plan Document, it was
      intended to be supplanted by a formal, permanent plan document following
      issuance of appropriate guidance by the Department of the Treasury and the
      Internal Revenue Service regarding the requirements for complying with
      Code § 409A (rules pertaining to the taxation of nonqualified deferred
      compensation plans). Bancorp intends for this Restatement to be the
      formal, permanent plan document which contains the terms and conditions of
      the Plan and which supplants the Interim Plan Document.
|   
|1.3 |  | ERISA
      EXEMPTION.This is an unfunded plan maintained
      primarily for the purpose of providing deferred compensation for a select
      group of management or highly compensated employees. As such, this Plan is
      intended to qualify as a top-hat plan exempt from Part 2 (minimum
      participation and vesting standards), Part 3 (minimum funding standards)
      and Part 4 (fiduciary responsibility provisions) of Title I of ERISA. The
      provisions of the Plan shall be interpreted and administered according to
      this intention.                                                                                                                                                                                                                                                                                                           

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|1.4     | EFFECTIVE DATES.                                                                                                                                    
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|        | (a)                                                                                                                                                 
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|        | (b)                                                                                                                                                 
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|        | (c)                                                                                                                                                 
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|1.5     | **NAMING CONVENTION.** This Plan
      document uses the following system for naming, numbering and lettering the
      major divisions in its text
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|**1.6** | **CITATIONS.** Citations
      to sections of the Code or Treasury Regulations are to those sections as
      amended or any successor provision.   

ARTICLE
2DEFINITIONS

Words and
phrases that appear in this Plan with initial capital letters signify defined
terms with the meanings given in this section. Words appearing in the following
definitions which are themselves defined terms are also indicated by initial
capital letters.

|2.1 | **ACCOUNT** means the separate accounting
      record established and maintained under Article 4 for each Participant to
      record the Participants interest under this Plan and the
  Trust.
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|    |                                                                                                                                                                                                   

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|**2.2** | **BENEFICIARY**means the
      person or persons or estate or trust designated by the Participant as the
      beneficiary under this Plan on a form provided by or acceptable to the
      Plan Administrator. To be effective, a beneficiary designation must be
      received by the Plan Administrator before the date of the Participants
      death. In the absence of a valid beneficiary designation under this Plan,
      the Beneficiary shall be the same as the beneficiary designated by the
      Participant under the 401(k) Plan or, if applicable, the default
      beneficiary under the 401(k) Plan. These provisions shall apply even if
      the Participant does not participate in the 401(k) Plan. A Beneficiarys
      right to information under this Plan does not arise until the Beneficiary
      becomes entitled to benefits under this Plan.
|------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|**2.3** | **CODE**means the Internal
      Revenue Code of 1986, as amended.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|**2.4** | **COMPENSATION**means the directors fees paid to a
    Participant.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|**2.5** | **DIRECTOR**means a member of the Board of Directors of Bancorp or a
      Participating Subsidiary.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|**2.6** | **DISABLED**orDISABILITYmeans a Participant
      is:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|        | (a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|        | (b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|        | (c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|        | The Plan
      Administrator, in its sole discretion, shall determine whether a
      Participant is Disabled.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|2.7     | ERISAmeans the Employee
      Retirement Income Security Act of 1974, as amended.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
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|2.8     | 401(k)
      PLANmeans the West Coast Bancorp 401(k) Plan, as
      amended.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
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|2.9     | PARTICIPANTmeans a Director who has elected to
      participate in this Plan.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|       
|2.10    | PARTICIPATINGSUBSIDIARYmeans any
      subsidiary of Bancorp that adopts this Plan with Bancorps consent. The
      current Participating Subsidiaries are West Coast Bank and West Coast
      Trust Company. Additional Participating Subsidiaries will be listed in an
      Addendum to this Plan.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|       
|2.11    | PLANmeans the West Coast Bancorp Directors
      Deferred Compensation Plan, the terms and conditions of which are
      contained solely in this document and any written amendments to
    it.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
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|2.12    | PLANADMINISTRATORmeans the
      individual or committee appointed by Bancorp to handle the general
      administration of this Plan and carry out the functions specifically
      delegated to the Plan Administrator in this
Plan.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               

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|2.13     | PLANYEARmeans the calendar year.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|-------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
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|2.14     | TREASURYREGULATION(S)orTREAS. REG.means the applicable regulation(s) promulgated by the
      United States Department of the Treasury under the Internal Revenue Code
      of 1986, as amended.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|        
|2.15     | TRUSTmeans the West Coast Bancorp Deferred
      Compensation Trust, established under the trust agreement as restated
      March 1, 1996, as amended, between Bancorp, acting as grantor, and the
      Trustee.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|        
|2.14     | TRUSTEEmeans West Coast Trust Company or any
      successor trustee of the Trust.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|        
|**2.15** | UNFORESEEABLEEMERGENCYmeans a severe
      financial hardship of the Participant resulting from an illness or
      accident of the Participant, the Participants spouse, the Participants
      Beneficiary, or the Participants dependent (as defined in Code §152,
      without regard to Code § 152(b)(1), (b)(2), and (d)(1)(B)); loss of the
      Participants property due to casualty (including the need to rebuild a
      home following damage not otherwise covered by insurance); or other
      similar extraordinary and unforeseeable circumstances arising as a result
      of events beyond the control of the Participant. The circumstances that
      constitute a severe financial hardship depend upon the facts of each case,
      but, generally, the payment of college tuition or the purchase of a home
      are not unforeseeable emergencies.

ARTICLE 3ELIGIBILITY AND PARTICIPATION

|3.1     | PARTICIPATIONCRITERIA.All Directors of Bancorp and its
      Participating Subsidiaries are eligible to participate in this
    Plan.                                                                                                                                                  
|------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|       
|**3.2** | NOTICE TODIRECTORS.The Plan Administrator shall notify
      each Director of his or her ability to participate in this Plan. This
      notification will be given upon the Directors initial election as a
      Director and, thereafter, before the beginning of each Plan
  Year.
|       
|3.3     | DEFERRALELECTIONS.Elections by Directors or Participants
      to defer their Compensation must be made as follows:                                                                                                                                                                    
|       

| | (a) | Annual
      Enrollment.Before the beginning of each Plan Year, each Director or
      Participant must complete and return to the Plan Administrator an
      enrollment form specifying the amount of Compensation he or she will be
      deferring under this Plan during the coming Plan Year.                                                                                                                                                                                    
| | --- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |    
| | (b) | Mid-Year
      Enrollment.If a Director first becomes eligible to participate in
      the Plan after a Plan Year has begun, that Director has 30 days after the
      date he or she is notified by the Plan Administrator that he or she has
      become eligible to enroll in the Plan to file an enrollment form for the
      balance of the Plan Year. The deferral election will be effective only for
      Compensation earned after the date the enrollment form is
  filed.
| |    
| | (c) | Failure to Timely
      Enroll.A Director who does not timely enroll in the Plan for
      any Plan Year shall be deemed as having elected not to defer any
      Compensation under the Plan for that Plan Year.                                                                                                                                                                                                                                                                      
| |    

|**3.4** | MODIFICATION ORREVOCATION OFDEFERRALELECTIONS.A deferral election may be modified or
      revoked at any time up until the applicable election deadline as specified
      in Section 3.3. After that date, the deferral election becomes
      irrevocable.
|------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

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|3.5 | CANCELLATION OFDEFERRALELECTIONS.The Plan Administrator may permit a
      Participant to cancel a deferral election during a Plan Year under the
      following conditions:
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   
|    | (a)                                                                                                                                                                          
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|    |                                                                                                                                                                              
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|    |                                                                                                                                                                              
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|    | (b)                                                                                                                                                                          
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|    |                                                                                                                                                                              
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|    |                                                                                                                                                                              
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|    | (c)                                                                                                                                                                          

**ARTICLE
4****PARTICIPANT
ACCOUNTS**

|**4.1** | MAINTENANCE OFACCOUNTS.The Plan Administrator shall maintain,
      or cause to be maintained, an Account for each Participant to reflect the
      Compensation deferred by the Participant under this Plan, the
      Participants allocable share of the income, losses, appreciation and
      depreciation of the Trusts assets and distributions made to the
      Participant or the Participants Beneficiaries.                                                                                                                                                                                                                                                                                                    
|------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|       
|4.2     | SUBACCOUNTS.Participants may designate up to five
      subaccounts for their Account. For each subaccount, Participants may
      designate a different time of payment under Section 5.1 and a different
      form of payment under Section 5.3. Participants may also allocate their
      deferrals for a Plan Year among their different subaccounts. This
      allocation must be made at the time the deferral amount is elected under
      Section 3.3.                                                                                                                                                                                                                                                            
|       
|4.3     | ADJUSTMENTS TOACCOUNTS.As of the close of each calendar
      quarter, and as of any other date designated by the Plan Administrator in
      its sole discretion, each Participants Account shall be credited with the
      deferred Compensation and the net investment income (or loss) applicable
      to the Participants Account since the date of the last adjustment, and
      shall be charged for any distributions made from the Participants Account
      and for a pro rata share of any Trust expenses since the last adjustment.
      Accounts shall be adjusted for Compensation deferred periodically during
      the year by using a time-weighted formula adopted by the Plan
      Administrator.

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|4.4  | ACCOUNTINVESTMENT.Accounts shall be invested by the
      Trustee as directed by each Participant under the provisions of the
      Trust.                                                                                                                                                                                                                                                                                                                              
|---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    
|4.5  | TRUSTASSETS.                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|    
|**** | (a)****                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|    
|     | (b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|    
|4.6  | PARTICIPANTS
      RIGHTS.Participants
      Accounts are established and maintained merely to record Bancorps or a
      Participating Subsidiarys unsecured contractual obligation to pay
      deferred Compensation under this Plan. Participants and Beneficiaries
      shall have no right, title or interest in or to any funds in their
      Accounts except as general unsecured creditors of Bancorp or a
      Participating Subsidiary, as applicable.

ARTICLE 5BENEFIT DISTRIBUTIONS

|5.1  | TIME FORPAYMENT.
|---- | ----------------
|    
|**** | (a)             
|    
|     | (b)             
|    
|     | (c)             
|     | ****            
|     | (d)             

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|5.2 | VALUATION OFBENEFIT.The value of the Participants Account
      balance will be determined as of the adjustment date under Section 4.3
      that occurs immediately on or before the date the payment is to be
      made.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   
|5.3 | FORM OFPAYMENT.Participants may elect on an enrollment
      form one of the following forms of payment for the balance of each of
      their subaccounts:                                                                 
|   
|    | (a)                                                                                                                                                                                                                         
|   
|    | (b)                                                                                                                                                                                                                         
|   
|    | (c)                                                                                                                                                                                                                         
|   
|5.4 | OVERRIDES.At the time a Participant first makes
      an election as to the time and form of payment of a subaccount, the
      Participant may also elect one or more of the override options as
      follows:            
|   

|        | (a)                                                                                                                                                                      | An override
      election provides that the time and form of payment elected by the
      Participant for a specific subaccount will be followed unless an override
      event occurs first. If it does, the date of the override event will be the
      date of distribution and the subaccount will be paid out in a lump-sum
      payment.
|------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|        |                                                                                                                                                                         
|        | (b)                                                                                                                                                                      | Participants
      may elect either or both of the following as an override
  event:                                                                                                                                                                                                                                                             
|        |                                                                                                                                                                         
|        |                                                                                                                                                                          | (1)                                                                                                                                                                                                                                                                                                                                              
|        |                                                                                                                                                                         
|        |                                                                                                                                                                          | (2)                                                                                                                                                                                                                                                                                                                                              
|        |                                                                                                                                                                          |                                                                                                                                                                                                                                                                                                                                                  
|**5.5** | **CHANGES INTIME ORFORM OFPAYMENT.**Participants may change
      the time or form of payment selected for any of their subaccounts upon the
      following conditions:
|        |                                                                                                                                                                          |                                                                                                                                                                                                                                                                                                                                                  
|        | (a)                                                                                                                                                                      | The change cannot take
      effect for at least 12 months after filing the election change form
      required by the Plan Administrator;                                                                                                                                                                                                       
|        |                                                                                                                                                                          |                                                                                                                                                                                                                                                                                                                                                  
|        | (b)                                                                                                                                                                      | If a Participant wants
      to change the specific date on which a payment is to be made, the
      Participant must file the required election change form at least 12 months
      in advance of that date; and                                                                                                                               
|        |                                                                                                                                                                          |                                                                                                                                                                                                                                                                                                                                                  
|        | (c)                                                                                                                                                                      | The Participant must
      elect to delay the commencement of the payment for at least five years
      from the original payment date, except in the case of death, Disability or
      Unforeseeable Emergency.                                                                                                                                

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|5.6  | WITHDRAWALSDUE TOUNFORESEEABLEEMERGENCIES.
|---- | ------------------------------------------
|    
|**** | (a)****                                   
|    
|     | (b)                                       
|    

|     | **** | (1)                                                                                                                                                                                                                                | Through reimbursement
      or compensation from insurance or otherwise;                                                                           
|---- | ---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------
|**** |     
|     |      | (2)                                                                                                                                                                                                                                | By liquidation of the
      Participants assets, to the extent the liquidation of those assets would
      not cause severe financial hardship; or
|     |      | ****                                                                                                                                                                                                                               |                                                                                                                                                    
|     | **** | (3)                                                                                                                                                                                                                                | By stopping deferrals
      under this Plan.                                                                                                       
|     |     
|     | (c)  | If a
      Participant takes a withdrawal in the case of an Unforeseeable Emergency,
      the Participants Account shall be appropriately reduced to reflect the
      amount withdrawn. The amount withdrawn may not be repaid.
|     |      |                                                                                                                                                                                                                                   

|5.7  | DEATHBENEFITS.Upon a Participants death, the unpaid
      balance in the Participants Account shall be paid to the Participants
      Beneficiary in a lump sum as soon as administratively feasible following
      the date of death.                                                                                                                                                                                                                                                                                                                                                                                       
|---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    
|5.8  | DISABILITYBENEFITS.The unpaid balance in a Participants
      Account shall be paid to the Participant in a lump sum as soon as
      administratively feasible following the date the Participant is determined
      to be Disabled.                                                                                                                                                                                                                                                                                                                                                                                          
|    
|5.9  | CASHOUT OFSMALLACCOUNTS.Regardless of the time or form of payment elected by a
      Participant, the Plan Administrator, in its sole discretion, may at any
      time distribute the balance or the unpaid balance of the Participants
      Account in a lump-sum payment provided that the amount in the
      Participants Account (taking into account all plans that are required to
      be aggregated with this Plan under Treas. Reg. § 1.409A-1(c)(2)) does not
      exceed the dollar limit under Code § 402(g) on 401(k) plan elective
      deferrals for the year in which the cashout distribution is
  made.
|    
|5.10 | WITHHOLDING.All federal, state and local taxes
      required to be withheld from deferred Compensation payments shall be
      withheld from any benefit payments made under this Plan.                                                                                                                                                                                                                                                                                                                                                                                                                                         
|    
|5.11 | TAXREPORTING.The Trustee shall furnish Participants
      or Beneficiaries with the appropriate tax form or forms reporting the
      amount of the payments made to them.                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|    
|5.12 | LOANS.Participants shall not be permitted to borrow from their
      Accounts.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   

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|5.13 | DELAYEDDISTRIBUTIONS TOKEYEMPLOYEES.The following provisions apply to a
      distribution made on account of the separation from service of a
      Participant who is also a key employee, except to the extent the
      distribution is exempt under subsection (d) below:
|---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    
|     | (a)                                                                                                                                                                                                                                                                           
|    
|     | (b)                                                                                                                                                                                                                                                                           
|    
|     | (c)                                                                                                                                                                                                                                                                           
|     |                                                                                                                                                                                                                                                                               
|     |                                                                                                                                                                                                                                                                               
|     |                                                                                                                                                                                                                                                                               
|     |                                                                                                                                                                                                                                                                               
|     |                                                                                                                                                                                                                                                                               
|     | (d)                                                                                                                                                                                                                                                                           

ARTICLE 6PLAN ADMINISTRATION

|6.1     | POWERS ANDDUTIES.The Plan Administrator shall have all
      the powers, privileges and immunities granted to the Administrative
      Committee under the 401(k) Plan, which provisions are incorporated in this
      Plan by reference. However, the Plan Administrator shall have only the
      duties stated in this Plan. This Plan specifically doesnotincorporate by
      reference the fiduciary responsibility or liability provisions of the
      401(k) Plan.                                        
|------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|       
|6.2     | CLAIMSPROCEDURES.Claims for benefits under this Plan
      shall be resolved by the claimant and the Plan Administrator following the
      claims review and appeals procedures of the 401(k) Plan.                                                                                                                                                                                                                                                                                                                
|       
|**6.3** | ADMINISTRATIVEEXPENSES.The Plan Administrator shall establish
      rules and procedures under which Bancorp and its Participating
      Subsidiaries shall pay their pro rata share of the Plans routine
      administrative expenses. However, any extraordinary administrative
      expenses with respect to a Participants Account, such as the need to
      perform a special valuation of the Accounts value, shall be paid from the
      Trusts assets and charged against the Participants Account.

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ARTICLE 7AMENDMENT AND TERMINATION

|**7.1** | **RIGHTSRESERVED.**
|------- | -------------------
|****    |                    
|        | (a)                
|        |                    
|        | (b)                
|        |                    
|        | ****               
|        |                    
|        |                    
|        |                    
|        |                    
|        |                    
|        |                    
|        |                    
|        |                    
|        |                    
|        |                    
|        |                    
|        |                    
|        |                    

|7.2  | EFFECTIVEDATE.                                                                                                                                                                                                                                                                                
|---- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    
|**** | (a)****                                                                                                                                                                                                                                                                                       
|    
|     | (b)                                                                                                                                                                                                                                                                                           
|    
|7.3  | LIMITATIONS ONPLANAMENDMENT.No amendment or termination of the Plan
      shall directly or indirectly reduce the balance of any Participants
      Account as of the effective date of that amendment or termination,
      including any amounts that are to be credited as of that
  date.

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|7.4 | EFFECT OFTERMINATION;
      DISTRIBUTION OFACCOUNTS.Upon the termination of the
    Plan:
|--- | -----------------------------------------------------------------------------------------
|   
|    | (a)                                                                                      
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|    | (b)                                                                                      
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|    |                                                                                          
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|    |                                                                                          
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|    |                                                                                          

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ARTICLE 8GENERAL PROVISIONS

|8.1 | EFFECT ON401(k)
      PLAN.This Plan is not
      intended to modify any provision of the 401(k) Plan.                                                                                                                                                                                                                                                                                                                                                                                                
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   
|8.2 | PROPERTYRIGHTS.Until a Participants Account is
      distributable under the terms of this Plan, the funds credited to that
      Account shall remain the sole property of either Bancorp or its
      Participating Subsidiary and remain subject to the claims of that
      companys general creditors.                                                                                                                                                                                         
|   
|8.3 | UNFUNDEDOBLIGATION.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|   
|    | (a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|   
|    | (b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|   
|    | (c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|   
|8.4 | PARTICIPANTSANDBENEFICIARIES RIGHTS.Participants Accounts are established and maintained
      merely for the purpose of recording Bancorps or a Participating
      Subsidiarys unsecured contractual obligation to pay deferred Compensation
      under this Plan. Participants and Beneficiaries shall have no right, title
      or interest in or to any funds in their Accounts except as general
      unsecured creditors of Bancorp or a Participating Subsidiary, as
      applicable.
|   
|8.5 | BENEFITSPROVIDEDSOLELYUNDER THEPLAN.In no event shall the establishment or modification of
      the Plan, the creation of any Account, or the payment of any benefit be
      construed as giving any Participant or any other person any legal or
      equitable right against the Trustee, Bancorp, any Participating Subsidiary
      or any of their officers or employees, except as provided in this
      Plan.                                                                              
|   
|8.6 | NOGUARANTEE OFTENURE.The adoption and maintenance of the Plan shall not be
      deemed to:                                                                                                                                                                                                                                                                                                                                                                                                           
|   
|    | (a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|   
|    | (b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|   
|    | (c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|   
|    | (d)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   

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|8.7  | BENEFITSNOTASSIGNABLE.Participants Accounts shall not be
      considered assets of the Participants under state law or federal
      bankruptcy law. Participants and Beneficiaries shall not have any right to
      alienate, anticipate, pledge, encumber or assign any of the benefits
      payable under this Plan. Participants Accounts shall not be subject to
      any claim of, or subject to attachment, garnishment or other legal process
      by, any creditor of a Participant or Beneficiary.
|---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    
|8.8  | PARTICIPATINGSUBSIDIARIES.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|    
|     | (a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|    
|     | (b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|    
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|    
|     | (c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|    
|     | (d)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|    
|     | (e)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|    
|8.9  | BINDINGEFFECT.The terms and conditions of this Plan,
      including any amendments, shall be binding upon Bancorp, the Trustee,
      Participating Subsidiaries, Participants and Beneficiaries and the
      respective heirs, assigns and legal representatives of these parties,
      including any assignee or successor in interest to Bancorp or a
      Participating Subsidiary, whether by merger, consolidation or the sale of
      substantially all of that companys assets.                      
|    
|8.10 | GOVERNINGLAWS.This Plan shall be construed and its
      validity determined under Oregon law to the extent not preempted by
      federal law.                                                                                                                                                                                                                                                                                                                                                                    
|    
|8.11 | COUNTERPARTS.This Plan may be executed in any number
      of counterparts, each of which shall be deemed an original, and no other
      counterpart need be produced.                                                                                                                                                                                                                                                                                                                                            
|    

WEST COAST BANCORPBy:
    /s/ Robert D. SznewajsTitle:
    President and Chief Executive
      Officer


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