**Exhibit 10.8**

WEST COAST
BANKSUPPLEMENTAL EXECUTIVE RETIREMENT
PLAN(SERP)

Effective Date: August 1, 2003,As
Restated and Amended January 1, 2009

THIS SERP is adopted by WEST COAST BANK
(the Bank), WEST COAST BANCORP (Bancorp), its parent holding company,
(collectively referred to as the Company) and ANDERS GILTVEDT (the
Executive).

ARTICLE1PURPOSE

|1.1 | DUAL
      PURPOSES.This SERP is intended to:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   
|    | (a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|    | (b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|   
|1.2 | TOP-HAT PLAN
      STATUS.This is an unfunded SERP maintained
      primarily for the purpose of providing deferred compensation for the
      Executive, who is a member of a select group of management or highly
      compensated employees. As such, this SERP 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 the Employee Retirement Income
      Security Act of 1974 (ERISA). The provisions of the SERP shall be
      interpreted and administered according to this
  intention.

ARTICLE
2DEFINITIONS

Words and phrases appearing in this
SERP with initial capitalization are defined terms that have the meanings stated
below. Words appearing in the following definitions which are themselves defined
terms are also indicated by initial capitalization.

|2.1 | ACCRUAL
      BALANCEmeans the
      benefit liability accrued by the Company under Article 6.                                                                               
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                              
|2.2 | ADJUSTEDACCRUALBALANCEmeans the Accrual Balance determined as of the end of
      the month that is on or before the date of the Executives Termination of
      Employment.
|   
|2.3 | BENEFICIARYmeans the person or persons or estate, trust or charitable organization
      entitled under Article 5 to receive the death benefit payable under this
      SERP.
|   
|2.4 | BOARDmeans Bancorps Board of Directors.                                                                                                                                     

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|2.5  | CHANGEINCONTROLAGREEMENTmeans
      the Change In Control Agreement effective January 1, 2004, between the
      Executive and the Company, as amended.                                                                                                                                                                                                                                                                  
|---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|     |                                                                                                                                                                                                                                                                                                                                                                                                                            
|2.6  | COMPENSATIONCOMMITTEEmeans
      the Compensation and Personnel Committee of Bancorps Board.                                                                                                                                                                                                                                                                                                                              
|    
|2.7  | DISABILITYmeans that either the carrier of any Company-provided
      individual or group long-term disability insurance policy covering the
      Executive or the Social Security Administration has determined that the
      Executive is disabled. Upon the request of the Compensation Committee, the
      Executive will submit proof of the carriers or the Social Security
      Administrations determination.
|    
|2.8  | EARLYINVOLUNTARYTERMINATIONmeans
      that the Company has terminated the Executives employment before Normal
      Retirement Age for any reason other than:                                                                                                                                                                                                                                                            
|    
|     | (e)                                                                                                                                                                                                                                                                                                                                                                                                                        
|    
|     | (f)                                                                                                                                                                                                                                                                                                                                                                                                                        
|    
|     | (g)                                                                                                                                                                                                                                                                                                                                                                                                                        
|    
|2.9  | EARLYVOLUNTARYTERMINATIONmeans
      that before Normal Retirement Age, the Executive has voluntarily
      terminated employment with the Company for reasons other than:                                                                                                                                                                                                                                                 
|     |                                                                                                                                                                                                                                                                                                                                                                                                                            
|     | (a)                                                                                                                                                                                                                                                                                                                                                                                                                        
|    
|     | (b)                                                                                                                                                                                                                                                                                                                                                                                                                        
|    
|2.10 | EFFECTIVEDATEmeans the
      date first stated above (immediately below the title of this SERP). The
      effective date of this restated SERP, as amended, is January 1,
      2009.                                                                                                                                                                                                                                     
|    
|2.11 | NORMALRETIREMENTAGEmeans age
      64.                                                                                                                                                                                                                                                                                                                                                                                     
|    
|2.12 | NORMALRETIREMENTDATEmeans the
      later of Normal Retirement Age or Termination of Employment.                                                                                                                                                                                                                                                                                                                           
|    
|2.13 | PLANYEARmeans the
      calendar year, except for the first Plan Year which is a short year
      beginning August 1, 2003, and ending December 31, 2003.                                                                                                                                                                                                                                                                  
|    
|2.14 | TERMINATIONEVENTmeans the
      termination of the Executives employment under circumstances that entitle
      the Executive to benefits under the Change In Control Agreement.                                                                                                                                                                                                                                          
|    
|2.15 | TERMINATION FORCAUSE
      ORTERMINATED FORCAUSEmeans that
      the Company has terminated the Executives employment for cause as
      defined in the Change In Control Agreement.                                                                                                                                                                                                                                    
|    
|2.16 | TERMINATION OFEMPLOYMENTmeans
      that the Executives employment with the Company has terminated for any
      reason, voluntary or involuntary.                                                                                                                                                                                                                                                                        
|    

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|2.17                           | YEAR OFSERVICEmeans a Plan Year in which the
      Executive is actively at work with the Company or on a Company-approved
      leave of absence at the end of that year.
|------------------------------ | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                               |                                                                                                                                                                           
|ARTICLE3BENEFITSDURINGLIFETIME
|                              

|3.1 | NORMALRETIREMENTBENEFIT.Upon Termination of Employment on or
      after Normal Retirement Age for reasons other than death, the Company
      shall pay the following benefit to the Executive:
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   
|    | (a)                                                                                                                                                                                             
|   
|    | (b)                                                                                                                                                                                             
|    |                                                                                                                                                                                                 
|    | (c)                                                                                                                                                                                             
|    |                                                                                                                                                                                                 
|    |                                                                                                                                                                                                 
|   
|    |                                                                                                                                                                                                 
|    |                                                                                                                                                                                                 
|    |                                                                                                                                                                                                 
|    |                                                                                                                                                                                                 
|    |                                                                                                                                                                                                 

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|3.2 | EARLYVOLUNTARYTERMINATIONBENEFIT.Upon an Early Voluntary Termination,
      the Company shall pay the following benefit to the Executive:
|--- | -----------------------------------------------------------------------------------------------------------------------------------------
|   
|    | (a)                                                                                                                                      
|   
|    |                                                                                                                                          
|   
|    |                                                                                                                                          
|   
|    |                                                                                                                                          
|    |                                                                                                                                          
|    | (b)                                                                                                                                      
|   
|    | (c)                                                                                                                                      
|   
|    |                                                                                                                                          
|   
|    |                                                                                                                                          
|   
|    | (d)                                                                                                                                      
|   
|    |                                                                                                                                          
|   
|    |                                                                                                                                          

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|3.3 | EARLYINVOLUNTARYTERMINATIONBENEFIT.Upon an Early Involuntary Termination,
      the Company shall pay the following benefit to the Executive:                                       
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   
|    | (a)                                                                                                                                                                                 
|   
|    | (b)                                                                                                                                                                                 
|    |                                                                                                                                                                                     
|    | (c)                                                                                                                                                                                 
|   
|    | (d)                                                                                                                                                                                 
|   
|3.4 | DISABILITYBENEFIT.Upon Termination of Employment before
      Normal Retirement Age due to Disability, the Company shall pay the
      following benefit to the Executive:          
|   
|    | (a)                                                                                                                                                                                 
|   
|    | (b)                                                                                                                                                                                 
|    |                                                                                                                                                                                     
|    | (c)                                                                                                                                                                                 
|   
|    | (d)                                                                                                                                                                                 
|   
|3.5 | CHANGEINCONTROLBENEFIT.If the Executive becomes entitled to
      benefits under the Change in Control Agreement, the Company will pay the
      following benefit to the Executive:
|   
|    | (a)                                                                                                                                                                                 
|   
|    | (b)                                                                                                                                                                                 

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|    | (c)                                                                                                                                                                                                                                   | Benefit Increases.The Change in Control Benefit may be
      increased in the same manner as the Normal Retirement Benefit (see Section
      3.1(c)).
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------
|   
|    | (d)                                                                                                                                                                                                                                   | Vesting.For purposes of this section, the
      Executive is immediately 100% vested upon the Effective Date.                                         
|   
|3.6 | LUMP-SUMPAYMENTALTERNATIVE.The Executive may, under the
      following terms and conditions, elect to receive a lump-sum payment
      instead of payments under the installment payment schedule specified in
      Section 3.1(b):
|   
|    | (a)                                                                                                                                                                                                                                   | The election must have
      been made in writing no later than December 31, 2008.                                                                    
|   
|    | (b)                                                                                                                                                                                                                                   | The payment amount
      shall equal the following:                                                                                                   
|   
|    |                                                                                                                                                                                                                                       | (1)                                                                                                                                                   
|   
|    |                                                                                                                                                                                                                                       | (2)                                                                                                                                                   
|    |                                                                                                                                                                                                                                       |                                                                                                                                                       
|    |                                                                                                                                                                                                                                       | (3)                                                                                                                                                   
|   
|    | (c)                                                                                                                                                                                                                                   | The lump-sum payment
      will be paid as follows:                                                                                                   
|   
|    |                                                                                                                                                                                                                                       | (1)                                                                                                                                                   
|   
|    |                                                                                                                                                                                                                                       | (2)                                                                                                                                                   
|    |                                                                                                                                                                                                                                       |                                                                                                                                                       
|    |                                                                                                                                                                                                                                       | (3)                                                                                                                                                   

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|3.7 | SIX-MONTHDELAY FORDISTRIBUTIONS.The following provisions apply
      to distributions made under this Article 3, except to the extent the
      distribution is exempt from the requirements of Code § 409A:
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                             
|    | (a)                                                                                                                                                                                                         
|   
|    | (b)                                                                                                                                                                                                         

ARTICLE4DEATHBENEFITS

|4.1 | PRE-RETIREMENTDEATHBENEFIT.If the Executive dies before a
      Termination of Employment and before attaining Normal Retirement Age, the
      Company will pay the following benefit to the Executives
      Beneficiary:                                                                                                          
|--- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   
|    | (a)                                                                                                                                                                                                                                                                                                                                   
|    |                                                                                                                                                                                                                                                                                                                                       
|    | (b)                                                                                                                                                                                                                                                                                                                                   
|   
|4.2 | DEATHAFTERPAYMENTSCOMMENCE.If the Executive dies after installment
      benefit payments had commenced under Article 3, the Company shall pay the
      remaining benefits to the Executives Beneficiary at the same time and in
      the same amounts they would have been paid to the Executive had the
      Executive survived.
|   
|4.3 | DEATHBEFOREPAYMENTSCOMMENCE.                                                                                                                                                                                                                                                                                                          
|   
|    | (a)                                                                                                                                                                                                                                                                                                                                   
|   
|    | (b)                                                                                                                                                                                                                                                                                                                                   

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| |     | (1)                                                                                                                                                                                                                                                                                                                | The first day of the month
      following the Executives death if payments are to be made in
      installments; or                                              
| | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | -------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |     |                                                                                                                                                                                                                                                                                                                    |                                                                                                                                                                    
| |     | (2)                                                                                                                                                                                                                                                                                                                | Within 90 days of the date the
      Compensation Committee receives satisfactory documentation of the
      Executives death if a lump-sum payment is to be made.
| |    
| | (c) | Amount of Payment.The death benefit under this section
      will be the present value of the benefit the Executive was entitled to
      receive. Present value will be determined as of the date payments to the
      Beneficiary are to commence using an annual discount rate of 6% compounded
      monthly.

ARTICLE5BENEFICIARIES

|5.1 | DESIGNATION OFBENEFICIARY.The Executive may designate the
      Beneficiary or Beneficiaries (who may be designated concurrently or
      contingently) to receive the death benefit under the SERP under the
      following terms and conditions:                                                                                                                           
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                                                                                                                                                                               
|    | (a)                                                                                                                                                                                                                                                                                                                                                                           
|   
|    | (b)                                                                                                                                                                                                                                                                                                                                                                           
|   
|    | (c)                                                                                                                                                                                                                                                                                                                                                                           
|   
|5.2 | DIVORCE.A divorce will automatically revoke the portion of a
      beneficiary designation designating the former spouse as a Beneficiary.
      The former spouse will be a Beneficiary under this SERP only if a new such
      beneficiary designation form naming the former spouse as a beneficiary is
      filed after the date the dissolution decree is entered.     
|   
|5.3 | DISCLAIMERS.If a Beneficiary disclaims a death
      benefit, the benefit will be paid as if the Beneficiary had predeceased
      the Executive.                                                                                                                                                                                                                             
|   
|5.4 | DEATH OFBENEFICIARY.If a Beneficiary who is in pay status
      dies before full distribution is made to the Beneficiary, the unpaid
      balance of the distribution will be paid to the Beneficiarys
      estate.                                                                                                                                                        
|   
|5.5 | DEFAULTBENEFICIARY.If, at the time of the Executives
      death, the Executive has failed to designate a Beneficiary, the
      Executives beneficiary designation has become completely invalid under
      the provisions of this Article or there is no surviving Beneficiary,
      payment of the death benefit will be made in the following order of
      priority:
|   
|    | (a)                                                                                                                                                                                                                                                                                                                                                                           
|   
|    | (b)                                                                                                                                                                                                                                                                                                                                                                           
|   
|    | (c)                                                                                                                                                                                                                                                                                                                                                                           

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ARTICLE6ACCRUALBALANCE

|6.1 | COMPENSATIONLIABILITY.The Accrual Balance shall be equal to
      the financial statement compensation liability accrued by the Company
      (under Section 6.2) as of any applicable determination date (as defined in
      Section 6.3) for its payment obligation under this SERP.                                                                                
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   
|6.2 | ACCRUALCALCULATION.                                                                                                                                                                                                                                                                                                                                                    
|   
|    | (a)                                                                                                                                                                                                                                                                                                                                                                    
|   
|    |                                                                                                                                                                                                                                                                                                                                                                        
|    |                                                                                                                                                                                                                                                                                                                                                                        
|    |                                                                                                                                                                                                                                                                                                                                                                        
|   
|    | (b)                                                                                                                                                                                                                                                                                                                                                                    
|   
|    |                                                                                                                                                                                                                                                                                                                                                                        
|   
|    |                                                                                                                                                                                                                                                                                                                                                                        
|   
|6.3 | DETERMINATIONDATES.The Accrual Balance shall be determined
      as of the last day of the month.                                                                                                                                                                                                                                                                      
|   
|6.4 | REPORTING.The Compensation Committee will report
      the Accrual Balance to the Executive at least annually and within a
      reasonable period of time not to exceed 30 days after the date of the
      Termination of Employment if the Executive is to be paid the Early
      Voluntary Termination, Early Involuntary Termination or Disability
      Benefit.

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ARTICLE7FORFEITURE

|7.1 | GROUNDSFORFORFEITURE.      
|--- | ---------------------------
|   
|    | (a)                        
|   
|    | (b)                        
|   
|    |                            
|   
|    |                            
|   
|    | (c)                        
|   
|7.2 | NONCOMPETITIONRESTRICTIONS.
|   
|    | (a)                        
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|    |                            
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|    |                            
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|    |                            
|    |                            
|    |                            
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|    |                            
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|    |                            
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|    |                            

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| |     |                                                                                                                                                                                                                                                                                                                                        | (B)                                                                                                                                                                                                                                                                                                                    | Termination Event if the Change in Control Benefit under
      Section 3.5 is payable.                                                                                                                  
| | --- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |     |                                                                                                                                                                                                                                                                                                                                        |                                                                                                                                                                                                                                                                                                                        |                                                                                                                                                                                                         
| |     | (5)                                                                                                                                                                                                                                                                                                                                    | Restricted areameans any county in Oregon or Washington
      in which Bancorp, the Bank or any of their subsidiaries either:                                                                                                                                                                                       
| |    
| |     |                                                                                                                                                                                                                                                                                                                                        | (A)                                                                                                                                                                                                                                                                                                                    | Has a branch or other office at the
      commencement of the restricted period; or                                                                                                                     
| |    
| |     |                                                                                                                                                                                                                                                                                                                                        | (B)                                                                                                                                                                                                                                                                                                                    | Has decided to open a branch or other
      office during the restricted period, provided that fact has been
      communicated to the Executive before the Executives Termination of
      Employment.
| |    
| |     | (6)                                                                                                                                                                                                                                                                                                                                    | Restricted periodmeans a period of:                                                                                                                                                                                                                                                                                 
| |    
| |     |                                                                                                                                                                                                                                                                                                                                        | (A)                                                                                                                                                                                                                                                                                                                    | 12 months from the date of the
      Executives Termination of Employment; or                                                                                                                          
| |    
| |     |                                                                                                                                                                                                                                                                                                                                        | (B)                                                                                                                                                                                                                                                                                                                    | 24 months from the date of the
      Executives Termination Event if the Change in Control Benefit under
      Section 3.5 is payable.                                                                 
| |    
| |     | (7)                                                                                                                                                                                                                                                                                                                                    | Subsidiariesmean any current or future subsidiary of
      Bancorp or the Bank, regardless of whether it is 100% owned by Bancorp or
      the Bank.                                                                                                                                                                
| |    
| | (b) | Restrictions.The Executive agrees that, during the
      restricted period, the Executive will not, directly or indirectly:                                                                                                                                                                                                           
| |    
| |     | (1)                                                                                                                                                                                                                                                                                                                                    | Except as provided in
      subsection (c) below, be employed by or provide services to any financial
      institution that engages in competing activities in the restricted area,
      whether as an employee, officer, director, agent, consultant, promoter or
      in any similar position, function or title;
| |    
| |     | (2)                                                                                                                                                                                                                                                                                                                                    | Have any ownership or
      financial interest in any financial institution that engages in competing
      activities in the restricted area that violates the Companys then current
      published ethical standards on ownership interests in competing
      businesses;                                        
| |    
| |     | (3)                                                                                                                                                                                                                                                                                                                                    | Induce any employee of
      Bancorp, the Bank or their subsidiaries to terminate their employment with
      Bancorp, the Bank or their subsidiaries;                                                                                                                                                                
| |    
| |     | (4)                                                                                                                                                                                                                                                                                                                                    | Hire or assist in the hiring
      of any employee of Bancorp, the Bank or their subsidiaries for or by any
      financial institution that is not affiliated with Bancorp, the Bank or
      their subsidiaries; or                                                                                                 
| |    
| |     | (5)                                                                                                                                                                                                                                                                                                                                    | Induce any person or entity
      (other than the Executives relatives or entities controlled by them) to
      terminate or curtail its business or contractual relationships with the
      Bank, Bancorp or their subsidiaries.                                                                                   
| |    
| | (c) | Exceptions.Regardless of the restriction in subsection
      (b)(1) above, the Executive may be employed outside the restricted area as
      an employee, officer, agent, consultant or promoter of a financial
      institution that engages in competing activities in the restricted area,
      provided the Executive will not:

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| |     | (1)                                                                                                         | Act within the restricted area as
      an employee or other representative or agent of that financial
      institution;                                                                                                                                                        
| | --- | ----------------------------------------------------------------------------------------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |    
| |     | (2)                                                                                                         | Have any responsibilities for
      that financial institutions operations within the restricted area;
      or                                                                                                                                                                 
| |    
| |     | (3)                                                                                                         | Directly or indirectly violate
      the restrictions of subsection (b)(3), (4) and (5) above.                                                                                                                                                                                   
| |    
| | (d) | Forfeiture.If the Executive breaches the
      restrictions under subsection (b) above, the Executive will:
| |    
| |     | (1)                                                                                                         | Forfeit any benefits payable
      under this SERP that were unpaid as of the date of the breach;
    and                                                                                                                                                                        
| |     |                                                                                                             |                                                                                                                                                                                                                                                                                  
| |     | (2)                                                                                                         | Promptly repay the Company, upon
      demand, any payments that were made. If the Executive does not repay that
      amount within fifteen (15) days after the date of the demand, the
      Executive will also pay interest on that amount at the rate of 9% per
      annum.

ARTICLE8CLAIMSANDAPPEALSPROCEDURE

|8.1 | CLAIMSPROCEDURE.
|--- | ----------------
|    |                 
|    | (a)             
|   
|    | (b)             
|   
|    |                 
|   
|    |                 
|   
|    |                 
|   
|    |                 

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|    |                         | (5)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | ***Authorized Representative.***The claimant may be represented by
      anindividual authorized to act on behalf of the claimant. A
      representatives authorization to act on behalf of the claimant must be
      established to the Compensation Committees reasonable satisfaction.      
|--- | ----------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                         |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |                                                                                                                                                                                                                                                                                                    
|    |                         | (6)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | Review and Recommendation.The claim shall be reviewed by the
      Companys Executive Vice-President, Human Resources and the Chief
      Executive Officer (if that office is not held by the Executive at that
      time), who shall make a recommendation to the Compensation
      Committee.
|   
|    | (c)                     | Timeline.The Compensation Committee shall make a
      determination on the claim within 90 days after the date the claimant
      filed it with the Executive Vice-President, Human Resources. If more time
      is required for a special case, the Compensation Committee may take up to
      an additional 90 days to render a determination, but the claimant must be
      notified of the need for the extension of time within the initial 90- day
      period. This notification will explain the special circumstances requiring
      the extension of time as well as the date by which a determination is
      expected.
|   
|    | (d)                     | Explanation of
      Denial.If a claim is wholly or
      partially denied, the Compensation Committee shall provide the claimant
      with a notice of the decision, written in a manner calculated to be
      understood by the claimant, containing the following
  information:                                                                                                                                                                                                                                                                                                                                                    
|   
|    |                         | (1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | The specific reason or reasons
      for the denial and a discussion of why the specific reason or reasons
      apply;                                                                                                                                                                            
|   
|    |                         | (2)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | References to the specific
      provisions of this SERP upon which the denial was based;                                                                                                                                                                                                          
|   
|    |                         | (3)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | A description of any additional
      material or information necessary for the claimant to perfect the claim;
      and                                                                                                                                                                           
|   
|    |                         | (4)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | An explanation of the claims
      appeal procedures under this SERP.                                                                                                                                                                                                                              
|   
|    | (e)                     | Deemed Denial.If a determination is not furnished to
      the claimant within 90 days of the date the claim was filedor 180 days if
      it is a special casethe claim shall be deemed to be denied.                                                                                                                                                                                                                                                                                                                                                                                                                                 
|   
|    | (f)                     | Appeal of Denial.If the claimant disagrees with the
      denial, the claimants sole remedy shall be to proceed with the claims
      appeal procedures under Section 8.2.                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|   
|8.2 | CLAIMSAPPEALPROCEDURES.
|   
|    | (a)                     | Written Request.If a claim is denied in whole or in
      part, the claimant or the claimants authorized representative may submit
      a written request for a review of the denial, including a statement of the
      reasons for the review.                                                                                                                                                                                                                                                                                                                                                                                       
|   
|    | (b)                     | Deadline.This request must be filed with the
      Compensation Committee within 60 days after the claimant receives notice
      of the denial. This time limit may be extended by the Compensation
      Committee if an extension appears to be reasonable in view of the nature
      of the claim and the pertinent
circumstances.                                                                                                                                                                                                                                                                                                  

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|    | (c)                                                                               | Conduct of Appeal.Upon receipt of such a request, the
      Compensation Committee shall afford the claimant an opportunity to review
      relevant documents and to submit issues and comments in writing. The
      Compensation Committee may hold a hearing or conduct an independent
      investigation. The Compensation Committee will consider all of the
      claimants submissions regardless of whether they were submitted or
      considered in the initial determination of the claim.                                                                                  
|--- | --------------------------------------------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|    | (d)                                                                               | Timeline.A decision on the review shall be
      rendered by the Compensation Committee not later than 60 days after
      receipt of the claimants request for the review. If more time is required
      for a special case, the Compensation Committee may take up to an
      additional 60 days to render a decision, but the claimant must be notified
      of the need for the extension of time within the initial 60-day period.
      This notification shall explain the special circumstances (such as the
      need to hold a hearing) which require the extension of time.
|   
|    | (e)                                                                               | Decision on Appeal.The decision shall be written in a
      manner calculated to be understood by the claimant and shall
      include:                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   
|    |                                                                                   | (1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   
|    |                                                                                   | (2)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   
|    |                                                                                   | (3)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   
|    |                                                                                   | (4)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        
|   
|    | (f)                                                                               | Deemed Denial.If the determination on the appeal is
      not furnished to the claimant within 60 daysor 120 days if it is a
      special casethe appeal shall be deemed to be denied.                                                                                                                                                                                                                                                                                                                                                                                                  
|   
|    | (g)                                                                               | Exhaustion of Appeal
      Process Required.A claimant whose
      claim has been denied is required to exhaust the claims appeal procedures
      set forth in this section before commencing any arbitration or legal
      action.                                                                                                                                                                                                                                                                                                                                                      
|   
|8.3 | DISCRETIONARYAUTHORITY;
      STANDARDS OFPROOF ANDREVIEW;
      RECORD ONREVIEW.
|   
|    | (a)                                                                               | The Compensation
      Committee is the named fiduciary for purposes of ERISA. This SERP
      confers full discretionary authority on the Compensation Committee with
      regard to the administration of this SERP, including the discretion
      to:                                                                                                                                                                                                                                                                                                                               
|   
|    |                                                                                   | (1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        

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| |     | (2)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | Interpret and construe the
      provisions of this SERP and related administrative documents, if any,
      (including words and phrases that are not defined in this SERP or those
      documents) and correct any defect, supply any omission or reconcile any
      ambiguity or inconsistency.
| | --- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                                                                     
| | (b) | A decision by the
      Compensation Committee is required to be supported by substantial evidence
      only. That is, proof by a preponderance of the evidence, clear and
      convincing evidence or beyond a reasonable doubt is not
  required.                                                                                                                                                                                                                                        
| |    
| | (c) | A court of law or
      arbitrator reviewing any decision of the Compensation Committee, including
      those relating to the interpretation of this SERP or a claim for benefits
      under this SERP, shall be required to use the arbitrary and capricious
      standard of review. That is, the Compensation Committees determination
      may be reversed only if it was made in bad faith, is not supported by
      substantial evidence or is erroneous as to a question of law.
| |    
| | (d) | In conducting its
      review of the Compensation Committees decision, a court or arbitrator
      shall be limited to the record of documents, testimony and facts presented
      to or actually known to the Compensation Committee at the time the
      decision was made.                                                                                                                                                                                                            

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ARTICLE9AMENDMENTANDTERMINATION

|9.1 | BYMUTUALAGREEMENT.Except as provided in Section 9.2, this SERP
      may be amended or terminated only by a written agreement signed by the
      Company and the Executive.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                             
|9.3 | BY THECOMPANY.                                                                                                                                                              
|   
|    | (b)                                                                                                                                                                         
|   
|    |                                                                                                                                                                             
|   
|    |                                                                                                                                                                             
|   
|    | (c)                                                                                                                                                                         
|   
|    |                                                                                                                                                                             
|   
|    |                                                                                                                                                                             
|   
|    |                                                                                                                                                                             
|   
|    |                                                                                                                                                                             
|   
|    |                                                                                                                                                                             
|   
|    |                                                                                                                                                                             
|   
|    |                                                                                                                                                                             
|   
|    | (d)                                                                                                                                                                         
|   
|    |                                                                                                                                                                             
|   
|    |                                                                                                                                                                             
|   
|    |                                                                                                                                                                             
|   
|    |                                                                                                                                                                             
|   
|    |                                                                                                                                                                             

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| |  |  | (A) | Hold and disburse the Executives
      frozen vested Accrual Balance (as adjusted under paragraph (2) above) in
      accordance with the otherwise applicable terms and conditions of this
      SERP; or
| |  |  | --- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  |  |     |                                                                                                                                                                                                            
| |  |  | (B) | Disburse that amount in a lump
      sum at such earlier date as is permissible under Treas. Reg. §
      1.409A-3(j)(ix).                                                                                 

ARTICLE10GENERALPROVISIONS

|10.1 | ADMINISTRATION.The Compensation Committee shall have
      all powers necessary or desirable to administer this SERP, including but
      not limited to:
|---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------
|     |                                                                                                                                                          
|     | (a)                                                                                                                                                      
|    
|     | (b)                                                                                                                                                      
|    
|     | (c)                                                                                                                                                      
|    
|     | (h)                                                                                                                                                      
|    
|     | (e)                                                                                                                                                      
|    
|10.2 | RECEIPT ANDRELEASE FORPAYMENTS.                                                                                                                          
|    
|     | (a)                                                                                                                                                      
|    
|     | (b)                                                                                                                                                      
|    
|     | (c)                                                                                                                                                      
|    
|     |                                                                                                                                                          
|    
|     |                                                                                                                                                          
|    
|     |                                                                                                                                                          

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|     | (d)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | The receipt of the
      recipient or a canceled check shall be a sufficient voucher for the
      Company. The Company is not required to obtain from the recipient an
      accounting for the payment.                                                                                                                                                                                 
|---- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                                                                                                                                                           
|     | (e)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | If a dispute arises
      over a distribution, payment may be withheld until the dispute is
      determined by a court of competent jurisdiction or settled, to the
      satisfaction of the Compensation Committee, by the parties concerned. The
      Compensation Committee may require a hold harmless agreement on behalf of
      the Company and the SERP before making payment.
|    
|10.3 | OTHERCOMPENSATION ANDTERMS OFEMPLOYMENT.This SERP is not an express or implied
      employment agreement. Accordingly, other than providing for certain
      benefits payable upon a Termination of Employment, this SERP will not
      affect the determination of any compensation payable by the Company to the
      Executive, nor will it affect the other terms of the Executives
      employment with the Company. The specific arrangements referred to in this
      SERP are not intended to exclude or circumvent any other benefits that may
      be available to the Executive under the Companys employee benefit or
      other applicable plans, upon the Executives Termination of
      Employment.
|    
|10.4 | WITHHOLDING.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|    
|     | (a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | Income Tax.Applicable federal, state and local
      income tax withholding will be withheld from all payments made under this
      SERP.                                                                                                                                                                                                                                                
|    
|     | (b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | FICA.To the extent allowable under
      applicable regulations:                                                                                                                                                                                                                                                                                                                          
|    
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | (1)                                                                                                                                                                                                                                                                                                                                                                                       
|    
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | (2)                                                                                                                                                                                                                                                                                                                                                                                       
|    
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | (3)                                                                                                                                                                                                                                                                                                                                                                                       
|    
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | (4)                                                                                                                                                                                                                                                                                                                                                                                       

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|10.5  | UNFUNDEDARRANGEMENT.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|----- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|      | (a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|     
|      | (b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|     
|      | (c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|     
|      | (d)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|     
|10.6  | BENEFITSNOTASSIGNABLE.The accrued benefits under this SERP
      shall not be considered assets under state law or bankruptcy law of the
      Executive or of any Beneficiary. The Executive and any Beneficiary shall
      not have any right to alienate, anticipate, pledge, encumber or assign any
      of the benefits payable under this SERP. The Executives or any
      Beneficiarys benefits shall not be subject to any claim of, or any
      attachment, garnishment or other legal process brought by, any of his or
      her creditors.                                                                                                                                                                                                                                              
|     
|10.7  | BINDINGEFFECT.This SERP binds and inures to the
      benefit of the parties and their respective legal representatives, heirs,
      successors and assigns.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             
|     
|10.8  | REORGANIZATION.The Company shall not merge or
      consolidate into or with another company, or reorganize, or sell
      substantially all of its assets to another company, firm, or person unless
      that succeeding or continuing company, firm or person agrees to assume and
      discharge the obligations of the Company under this SERP. Upon the
      occurrence of such an event, the term Company as used in this SERP shall
      be deemed to refer to the successor or survivor company.                                                                                                                                                                                                                                                                                           
|     
|10.9  | APPLICABLELAW.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|     
|      | (a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|     
|      | (b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|     
|10.10 | ARBITRATION.Any dispute or claim arising out of or
      brought in connection with this SERP, will, if requested by any party, be
      submitted to and settled by arbitration under the rules then in effect of
      the American Arbitration Association (or under any other form of
      arbitration mutually acceptable to the parties involved). Any award
      rendered in arbitration will be final and will bind the parties, and a
      judgment on it may be entered in the highest court of the forum having
      jurisdiction. The arbitrator will render a written decision, naming the
      substantially prevailing party in the action, and, subject to Section
      10.11(b), will award that party all costs and expenses incurred, including
      reasonable attorneys fees.

---

|10.11 | ATTORNEYS
      FEES.                                                                                                                                                                                                                                                                             
|----- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|      |                                                                                                                                                                                                                                                                                                    
|      | (a)                                                                                                                                                                                                                                                                                                
|     
|      | (c)                                                                                                                                                                                                                                                                                                
|     
|      |                                                                                                                                                                                                                                                                                                    
|     
|      |                                                                                                                                                                                                                                                                                                    
|     
|      | (c)                                                                                                                                                                                                                                                                                                
|     
|      | (d)                                                                                                                                                                                                                                                                                                
|      |                                                                                                                                                                                                                                                                                                    
|10.12 | ENTIREAGREEMENT.This SERP constitutes the entire
      agreement between the Company and the Executive as to its subject matter.
      No rights are granted to the Executive by virtue of this SERP other than
      those specifically set forth in this document and any amendments to
      it.

---

|10.13 | CONSTRUCTION.The language of this SERP was chosen
      jointly by the parties to express their mutual intent. No rule of
      construction based on which party drafted the SERP or certain of its
      provisions will be applied against any party.                                                                                                                                                                
|----- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|      |                                                                                                                                                                                                                                                                                                                                                                                                                         
|10.14 | SECTIONHEADINGS;
      CITATIONS.The section headings used in this SERP
      have been included for convenience of reference only. Citations to
      statutes, regulations or FASB policies or statements are to those
      provisions as amended or to any successor provision.                                                                                                                                     
|     
|10.15 | COUNTERPARTS.This SERP may be executed in one or
      more counterparts, and all counterparts will be construed together as one
      plan.                                                                                                                                                                                                                                                                            
|     
|10.16 | SEVERABILITY.If any provision of this SERP is, to
      any extent, held to be invalid or unenforceable, it will be deemed amended
      as necessary to conform to the applicable laws or regulations. However, if
      it cannot be amended without materially altering the intentions of the
      parties, it will be deleted and the remainder of this SERP will be
      enforced to the extent permitted by law.
|     
|10.17 | JOINT ANDSEVERALOBLIGATION.Bancorp and the Bank will be jointly
      and severally liable for the payment obligations under this
      Agreement.                                                                                                                                                                                                                                                                      
|      |                                                                                                                                                                                                                                                                                                                                                                                                                         
|      |                                                                                                                                                                                                                                                                                                                                                                                                                         
|      |                                                                                                                                                                                                                                                                                                                                                                                                                         
|      |                                                                                                                                                                                                                                                                                                                                                                                                                         

|EXECUTIVE:            | COMPANY:                
|--------------------- | ------------------------
|                      |                         
|                      | WEST
      COAST BANCORP
|                      |                         
|/s/ Anders Giltvedt   |                         
|Anders
      Giltvedt |                         
|                      | Title:                  
|Date:                 | February 4, 2009        
|                      | Date:                   
|                     
|                     
|                      | WEST
      COAST BANK   
|                      |                         
|                      | By:                     
|                      |                         
|                      | Title:                  
|                      |                         
|                      | Date:                   

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