**Exhibit 10.14**

WEST COAST BANCORPEXECUTIVES
DEFERRED COMPENSATION PLAN

(2008
Restatement)

Originally Effective as of January 1, 2005

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

PREAMBLE

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

ARTICLE 1PURPOSE

|1.1 | PURPOSE.Bancorp has established this Plan,
      originally effective as of January 1, 2005, for the benefit of its Key
      Executives and those of its Participating Subsidiaries. This Plan is
      primarily intended to allow these executives to save toward their
      retirement on a tax-deferred basis through voluntary salary reduction
      contributions. Bancorp anticipates that offering this deferred
      compensation arrangement will assist it and its subsidiaries in
      attracting, rewarding and retaining high-quality executive
    talent.                                                                                                                                                                                                                                                                                                      
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|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|1.2 | RESTATEMENT OFINTERIMPLANDOCUMENT.The terms and conditions of the Plan were originally set
      forth in the Interim Plan Document for Operational Compliance with the
      American Jobs Creation Act, effective January 1, 2005 (the Interim Plan
      Document). As expressly stated in the Interim Plan Document, it was
      intended to be supplanted by a formal, permanent plan document following
      issuance of appropriate guidance by the Department of the Treasury and the
      Internal Revenue Service regarding the requirements for complying with
      Code § 409A (rules pertaining to the taxation of nonqualified deferred
      compensation plans). Bancorp intends for this Restatement to be the
      formal, permanent plan document which contains the terms and conditions of
      the Plan and which supplants the Interim Plan Document.
|   
|1.3 | ERISA
      EXEMPTION.This is an unfunded plan maintained
      primarily for the purpose of providing deferred compensation for a select
      group of management or highly compensated employees. As such, this Plan is
      intended to qualify as a top-hat plan exempt from Part 2 (minimum
      participation and vesting standards), Part 3 (minimum funding standards)
      and Part 4 (fiduciary responsibility provisions) of Title I of the
      Employee Retirement Income Security Act of 1974. The provisions of the
      Plan shall be interpreted and administered according to this
      intention.                                                                                                                                                                                                                                                       

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|1.5     | EFFECTIVEDATES.                                                                                                                                 
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|        | (a)                                                                                                                                             
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|        | (b)                                                                                                                                             
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|        | (c)                                                                                                                                             
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|1.5     | NAMINGCONVENTION.This Plan document uses the following
      system for naming, numbering and lettering the major divisions in its
      text  
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|**1.7** | **CITATIONS.**Citations to sections of
      the Code or Treasury Regulations are to those sections as amended or any
      successor provision.

ARTICLE 2DEFINITIONS

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

|2.1 | ACCOUNTmeans
      the separate accounting record established and maintained under Article 4
      for each Participant to record the Participants interest under this Plan
      and the Trust.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
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|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|2.2 | BENEFICIARYmeans the person or persons or estate or trust designated by the
      Participant as the beneficiary under this Plan on a form provided by or
      acceptable to the Plan Administrator. To be effective, a beneficiary
      designation must be received by the Plan Administrator before the date of
      the Participants death. In the absence of a valid beneficiary designation
      under this Plan, the Beneficiary shall be the same as the beneficiary
      designated by the Participant under the 401(k) Plan or, if applicable, the
      default beneficiary under the 401(k) Plan. These provisions shall apply
      even if the Participant does not participate in the 401(k) Plan. A
      Beneficiarys right to information under this Plan does not arise until
      the Beneficiary becomes entitled to benefits under this
  Plan.

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|2.3 | CODEmeans the Internal Revenue Code of
      1986, as amended.                                                
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|    |                                                                                                               
|2.4 | COMPENSATIONmeans the following items of
      remuneration paid to a Participant:                            
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|    | (a)                                                                                                           
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|    | (b)                                                                                                           
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|    | (c)                                                                                                           
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|2.5 | DISABLEDorDISABILITYmeans a Participant is:                                                                   
|    |                                                                                                               
|    | (a)                                                                                                           
|    |                                                                                                               
|    | (b)                                                                                                           
|    |                                                                                                               
|    | (c)                                                                                                           
|    |                                                                                                               
|    | The Plan
      Administrator, in its sole discretion, shall determine whether a
      Participant is Disabled.
|    |                                                                                                               

|2.6 | ERISAmeans the Employee Retirement Income
      Security Act of 1974, as amended.
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|    |                                                                                  
|2.7 | 401(k)
      PLANmeans the West Coast Bancorp 401(k) Plan, as
      amended.     
|   
|2.8 | KEYEXECUTIVEmeans any
      executive or commissioned salesperson who           
|   
|    | (a)                                                                              
|   
|    |                                                                                  
|   
|    |                                                                                  
|   
|    | (b)                                                                              

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|2.9                                                | PARTICIPANTmeans a Key Executive who has elected to participate in this
      Plan.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|-------------------------------------------------- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|2.10                                               | PARTICIPATINGSUBSIDIARYmeans any subsidiary of Bancorp that
      adopts this Plan with Bancorps consent. The current Participating
      Subsidiaries are West Coast Bank and West Coast Trust Company. Additional
      Participating Subsidiaries will be listed in an Addendum to this
      Plan.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|                                                  
|2.11                                               | PERFORMANCE-BASEDCOMPENSATIONmeans
      Compensation, the amount of which, or the entitlement to which, is
      contingent on the satisfaction of pre-established organizational or
      individual performance criteria relating to a performance period of at
      least 12 consecutive months. This definition shall be interpreted and
      construed in accordance with Code § 409A(4)(B)(iii) and the regulations
      issued under that section.                                                                                                                                                                                                                                                                                                                                                                                                                        
|                                                  
|2.12                                               | PLANmeans the
      West Coast Bancorp Executives Deferred Compensation Plan, the terms and
      conditions of which are contained solely in this document and any written
      amendments to it.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|                                                  
|2.13                                               | PLANADMINISTRATORmeans the individual or committee
      appointed by Bancorp to handle the general administration of this Plan and
      carry out the functions specifically delegated to the Plan Administrator
      in this Plan.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|                                                  
|2.14                                               | PLANYEARmeans the calendar year.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|                                                  
|2.15                                               | TREASURYREGULATION(S)orTREAS. REG.means the applicable regulation(s)
      promulgated by the United States Department of the Treasury under the
      Internal Revenue Code of 1986, as amended.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|                                                  
|2.16                                               | TRUSTmeans the
      West Coast Bancorp Deferred Compensation Trust, established under the
      trust agreement as restated March 1, 1996, as amended, between Bancorp,
      acting as grantor, and the Trustee.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|                                                  
|2.17                                               | TRUSTEEmeans
      West Coast Trust Company or any successor trustee of the
  Trust.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|                                                  
|2.18                                               | UNFORESEEABLEEMERGENCYmeans a severe financial hardship of
      the Participant resulting from an illness or accident of the Participant,
      the Participants spouse, the Participants Beneficiary, or the
      Participants dependent (as defined in Code §152, without regard to Code §
      152(b)(1), (b)(2), and (d)(1)(B)); loss of the Participants property due
      to casualty (including the need to rebuild a home following damage not
      otherwise covered by insurance); or other similar extraordinary and
      unforeseeable circumstances arising as a result of events beyond the
      control of the Participant. The circumstances that constitute a severe
      financial hardship depend upon the facts of each case, but, generally, the
      payment of college tuition or the purchase of a home are not unforeseeable
      emergencies.
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|ARTICLE
      3ELIGIBILITY AND
      PARTICIPATION
|                                                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
|**3.1**                                            | **PARTICIPATIONCRITERIA.**The Plan Administrator, in its sole discretion, shall
      designate the Key Executives who are eligible for participation in this
      Plan.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            

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|3.2 | DURATION OFKEYEXECUTIVESTATUS.An executives designation as a Key
      Executive will continue in effect until:                                                                                                                                                                                             
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                                                                                                              
|    | (a)                                                                                                                                                                                                                                                                                                          
|   
|    | (b)                                                                                                                                                                                                                                                                                                          
|   
|3.3 | CHANGE OFSTATUS.If the Plan Administrator, in its sole
      discretion, or a court of law or government agency determines that a
      Participant does not qualify or no longer qualifies as a Key
      Executive:                                                                                        
|   
|    | (a)                                                                                                                                                                                                                                                                                                          
|   
|    | (b)                                                                                                                                                                                                                                                                                                          
|   
|3.4 | NOTICE TOKEYEXECUTIVES.The Plan Administrator shall notify
      each Key Executive of his or her ability to participate in this Plan. This
      notification will be given upon the executives initial designation as a
      Key Executive and, thereafter, before the beginning of each Plan
      Year.
|   
|3.5 | DEFERRALELECTIONS.Elections by Key Executives or
      Participants to defer their Compensation must be made as
  follows:                                                                                                                                                                                   
|   
|    | (a)                                                                                                                                                                                                                                                                                                          
|    |                                                                                                                                                                                                                                                                                                              
|    | (b)                                                                                                                                                                                                                                                                                                          
|   
|    | (c)                                                                                                                                                                                                                                                                                                          

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|    | (d)                                                                                                                                                                                                                                                                                                                                                            | Failure to Timely
      Enroll.A Key Executive who does not timely enroll in the Plan
      for any Plan Year shall be deemed as having elected not to defer any
      Compensation under the Plan for that Plan Year.
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                       
|3.6 | DEFERRALS BYTYPE OFCOMPENSATION.In accordance with rules and procedures
      established by the Plan Administrator, Key Executives and Participants may
      separately elect different deferral amounts with respect to each type of
      Compensation that may be deferred under the Plan (i.e., salary, bonuses or
      commissions) for the Plan Year.
|   
|3.7 | MODIFICATION ORREVOCATION OFDEFERRALELECTIONS.A deferral election may be modified or
      revoked at any time up until the applicable election deadline as specified
      in Section 3.5. After that date, the deferral election becomes
      irrevocable.                                                                                                 
|   
|3.8 | CANCELLATION OFDEFERRALELECTIONS.The Plan Administrator may permit a
      Participant to cancel a deferral election during a Plan Year under the
      following conditions:                                                                                                                                                                                 
|   
|    | (c)                                                                                                                                                                                                                                                                                                                                                            | The cancellation will
      be allowed if the Plan Administrator determines that the Participant has
      incurred either:                                                                                           
|   
|    |                                                                                                                                                                                                                                                                                                                                                                | (1)                                                                                                                                                                                                                   
|   
|    |                                                                                                                                                                                                                                                                                                                                                                | (2)                                                                                                                                                                                                                   
|   
|    | (d)                                                                                                                                                                                                                                                                                                                                                            | The cancellation will
      become effective as follows:                                                                                                                                                              
|   
|    |                                                                                                                                                                                                                                                                                                                                                                | (1)                                                                                                                                                                                                                   
|   
|    |                                                                                                                                                                                                                                                                                                                                                                | (2)                                                                                                                                                                                                                   
|   
|    | (c)                                                                                                                                                                                                                                                                                                                                                            | The deferral election
      must be cancelled, not merely postponed or otherwise delayed.                                                                                                                             

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ARTICLE 4PARTICIPANT ACCOUNTS

|**4.1** | **MAINTENANCE OFACCOUNTS.**The Plan Administrator shall
      maintain, or cause to be maintained, an Account for each Participant to
      reflect the Compensation deferred by the Participant under this Plan, the
      Participants allocable share of the income, losses, appreciation and
      depreciation of the Trusts assets and distributions made to the
      Participant or the Participants Beneficiaries.                                                                                                                                                                                                                                                                                                
|------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|4.2     | SUBACCOUNTS.Participants may designate up to five
      subaccounts for their Account. For each subaccount, Participants may
      designate a different time of payment under Section 5.1 and a different
      form of payment under Section 5.3. Participants may also allocate their
      deferrals for a Plan Year among their different subaccounts. This
      allocation must be made at the time the deferral amount is elected under
      Section 3.5.                                                                                                                                                                                                                                                            
|        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|4.3     | ADJUSTMENTS TOACCOUNTS.As of the close of each calendar
      quarter, and as of any other date designated by the Plan Administrator in
      its sole discretion, each Participants Account shall be credited with the
      deferred Compensation and the net investment income (or loss) applicable
      to the Participants Account since the date of the last adjustment, and
      shall be charged for any distributions made from the Participants Account
      and for a pro rata share of any Trust expenses since the last adjustment.
      Accounts shall be adjusted for Compensation deferred periodically during
      the year by using a time-weighted formula adopted by the Plan
      Administrator.
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|4.4     | ACCOUNTINVESTMENT.Accounts shall be invested by the
      Trustee as directed by each Participant under the provisions of the
      Trust.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|       
|4.5     | TRUSTASSETS.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  
|       
|        | (a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|       
|        | (b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|       
|4.6     | PARTICIPANTS RIGHTS.Participants
      Accounts are established and maintained merely to record Bancorps or a
      Participating Subsidiarys unsecured contractual obligation to pay
      deferred Compensation under this Plan. Participants and Beneficiaries
      shall have no right, title or interest in or to any funds in their
      Accounts except as general unsecured creditors of Bancorp or a
      Participating Subsidiary, as applicable.                                                                                                                                                                                                                                                            

ARTICLE 5BENEFIT DISTRIBUTIONS

|5.1 | TIME FORPAYMENT.
|--- | ----------------
|    |                 
|    | (a)             

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|    | (b)                                                                                                                                                                                                                          | A
      Participant may elect, on an enrollment form, either a specific date or a
      fixed schedule of payments starting on a specified date on which
      distribution of each of the Participants subaccounts is to be made.
      Distributions shall be made in accordance with the Participants election
      except as provided in Section 5.4 (overrides), Section 5.6 (withdrawals
      due to Unforeseeable Emergencies), Section 5.7 (death), Section 5.8
      (Disability), Section 5.9 (cashout of small accounts) and Section 5.13
      (delayed distributions to key employees).
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|    | (c)                                                                                                                                                                                                                          | A
      Participant may, under procedures established by the Plan Administrator,
      change the time and/or form of payment elected under subsection (b) above,
      as set forth in Section 5.5 below.                                                                                                                                                                                                                                                                                                                                                                                              
|   
|    | (d)                                                                                                                                                                                                                          | Except as
      provided in Section 5.6 (withdrawals due to Unforeseeable Emergencies),
      Section 5.7 (death), Section 5.8 (Disability), Section 5.9 (cashout of
      small accounts), neither the time nor the schedule of any payment under
      the Plan may be accelerated, except to the extent allowed under Treas.
      Reg. § 1.409A-3(j)(4) and policies and procedures established by the Plan
      Administrator.                                                                                                                                                                    
|   
|5.2 | VALUATION OFBENEFIT.The value of the Participants Account
      balance will be determined as of the adjustment date under Section 4.3
      that occurs immediately on or before the date the payment is to be
      made.
|   
|5.3 | FORM OFPAYMENT.Participants may elect on an enrollment
      form one of the following forms of payment for the balance of each of
      their subaccounts:                                                                 
|   
|    | (a)                                                                                                                                                                                                                          | A lump-sum
      payment (which shall be the default if a Participant fails to elect a form
      of payment);                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|   
|    | (b)                                                                                                                                                                                                                          | Installments
      over a period of years (the allowable installment period shall be
      established by the Plan Administrator); or                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|   
|    | (c)                                                                                                                                                                                                                          | An annuity
      for either the life of the Participant or the joint lives of the
      Participant and a Beneficiary designated by the Participant for this
      purpose. (This annuity shall be the actuarial equivalent of the
      Participants Account balance determined using the actuarial equivalency
      factors set by the Plan Administrator, in its sole discretion.
      Alternatively, the Plan Administrator may provide this annuity by
      purchasing an annuity with the Participants Account balance and
      distributing the annuity contract to the Participant.)      
|   
|5.4 | OVERRIDES.At the time a Participant first makes
      an election as to the time and form of payment of a subaccount, the
      Participant may also elect one or more of the override options as
      follows:            
|   
|    | (a)                                                                                                                                                                                                                          | An override
      election provides that the time and form of payment elected by the
      Participant for a specific subaccount will be followed unless an override
      event occurs first. If it does, the date of the override event will be the
      date of distribution and the subaccount will be paid out in a lump-sum
      payment.                                                                                                                                                                                                                                                       
|    |                                                                                                                                                                                                                              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|    | (b)                                                                                                                                                                                                                          | Participants
      may elect either or both of the following as an override
  event:                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|   
|    |                                                                                                                                                                                                                              | (1)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|   
|    |                                                                                                                                                                                                                              | (2)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|   

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|**5.5** | **CHANGES INTIME ORFORM OFPAYMENT.**Participants may change the time or form of payment
      selected for any of their subaccounts upon the following
    conditions:                                                                    
|------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|        |                                                                                                                                                                                                                                           
|        | (a)                                                                                                                                                                                                                                       
|        |                                                                                                                                                                                                                                           
|        | (b)                                                                                                                                                                                                                                       
|        |                                                                                                                                                                                                                                           
|        | (c)                                                                                                                                                                                                                                       
|        |                                                                                                                                                                                                                                           
|**5.6** | **WITHDRAWALSDUE TOUNFORESEEABLEEMERGENCIES.**                                                                                                                                                                                            
|        |                                                                                                                                                                                                                                           
|        | (a)                                                                                                                                                                                                                                       
|       
|        | (b)                                                                                                                                                                                                                                       
|        |                                                                                                                                                                                                                                           
|        |                                                                                                                                                                                                                                           
|        |                                                                                                                                                                                                                                           
|        |                                                                                                                                                                                                                                           
|        |                                                                                                                                                                                                                                           
|        |                                                                                                                                                                                                                                           
|       
|        | (c)                                                                                                                                                                                                                                       
|       
|5.7     | DEATHBENEFITS.Upon a Participants death, the unpaid balance in the
      Participants Account shall be paid to the Participants Beneficiary in a
      lump sum as soon as administratively feasible following the date of
      death.
|       
|5.8     | DISABILITYBENEFITS.The unpaid balance in a Participants Account shall be
      paid to the Participant in a lump sum as soon as administratively feasible
      following the date the Participant is determined to be
  Disabled.       

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|5.9  | CASHOUT OFSMALLACCOUNTS.Regardless of the time or form of payment elected by a
      Participant, the Plan Administrator, in its sole discretion, may at any
      time distribute the balance or the unpaid balance of the Participants
      Account in a lump-sum payment provided that the amount in the
      Participants Account (taking into account all plans that are required to
      be aggregated with this Plan under Treas. Reg. § 1.409A-1(c)(2)) does not
      exceed the dollar limit under Code § 402(g) on 401(k) plan elective
      deferrals for the year in which the cashout distribution is made.
|---- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|5.10 | WITHHOLDING.All federal, state and local taxes
      required to be withheld from deferred Compensation paid to employees shall
      be withheld from any benefit payments made under this Plan.                                                                                                                                                                                                                                                                                                                                                                                                                              
|    
|5.11 | TAXREPORTING.The Trustee shall furnish Participants
      or Beneficiaries with the appropriate tax form or forms reporting the
      amount of the payments made to them.                                                                                                                                                                                                                                                                                                                                                                                                                                                     
|    
|5.12 | LOANS.Participants shall not be permitted to borrow from their
      Accounts.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|    
|5.13 | DELAYEDDISTRIBUTIONS TOKEYEMPLOYEES.The following provisions apply to a
      distribution made on account of a key employees separation from service,
      except to the extent the distribution is exempt under subsection (d)
      below:                                                                                                                                                                                                                                                                                                                                                                                
|    
|     | (b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|    
|     | (b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|    
|     | (c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|    
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                

|     |     |                                                                                                                                                                                                                           | 
|---- | --- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | 
|**** | (d) | This section
      does not apply to the extent the distribution is exempt from the
      requirements of Code § 409A or is a payment excepted from the six-month
      delay rule under Treas. Reg. §
1.409A-3(i)(2)(i).

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ARTICLE 6PLAN ADMINISTRATION

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

ARTICLE 7AMENDMENT AND TERMINATION

|7.1 | RIGHTSRESERVED.
|--- | ---------------
|    |                
|    | (a)            
|    |                
|    | (b)            
|    |                
|    |                
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|    |                                                                                                                                                                                                                                                                                              | (3)                                                                                                                                                                                                                                                                                                                                                                                                                                           | Any formal
      amendment adopted by the Plan Administrator shall be in writing, signed by
      or on behalf of the Plan Administrator and reported to Bancorps
      Compensation & Personnel Committee at its next scheduled
      meeting.   
|--- | -------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   
|7.2 | EFFECTIVEDATE.                                                                                                                                                                                                                                                                              
|   
|    | (a)                                                                                                                                                                                                                                                                                          | Amendments.Amendments may be made
      prospectively or retroactively, subject to the limitations of Section 7.3.
      An amendment may be made retroactively effective prior to the first day of
      the Plan Year in which it is adopted if such amendment is necessary or
      appropriate to enable the Plan to satisfy the applicable requirements of
      the Code or ERISA or conform the Plan to any change in federal
    law.
|   
|    | (b)                                                                                                                                                                                                                                                                                          | Termination.Termination of the Plan shall be
      effective as of the later of the date specified in the Board of Directors
      resolution or the date the notice of the termination is provided to the
      Participants.                                                                                                                                                                                                              
|   
|7.3 | LIMITATIONS ONPLANAMENDMENT.No amendment or termination of the Plan
      shall directly or indirectly reduce the balance of any Participants
      Account as of the effective date of that amendment or termination,
      including any amounts that are to be credited as of that
date.
|   
|7.4 | EFFECT OFTERMINATION;
      DISTRIBUTION OFACCOUNTS.Upon the termination of the
    Plan:                                                                                                                                                                                                   
|   
|    | (c)                                                                                                                                                                                                                                                                                          | No
      additional Compensation may be deferred under this Plan.                                                                                                                                                                                                                                                                                                                                                                            
|   
|    | (d)                                                                                                                                                                                                                                                                                          | Participants Accounts shall be distributed, in the sole discretion
      of Bancorps Board of Directors, under one of the following
    methods:                                                                                                                                                                                                                                                                                           
|   
|    |                                                                                                                                                                                                                                                                                              | (1)                                                                                                                                                                                                                                                                                                                                                                                                                                           | The Accounts
      will continue to be held by the Trustee under the terms and conditions of
      the Trust and shall be disbursed at the time and in the manner provided in
      this Plan.                                                     
|    |                                                                                                                                                                                                                                                                                              |                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                    
|    |                                                                                                                                                                                                                                                                                              | (2)                                                                                                                                                                                                                                                                                                                                                                                                                                           | The Accounts will be paid out in
      full within 24 months of the effective date of the termination of the Plan
      regardless of the elections Participants had made regarding the time and
      form of payment of their Accounts, provided:
|    |                                                                                                                                                                                                                                                                                              |                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                    
|    |                                                                                                                                                                                                                                                                                              |                                                                                                                                                                                                                                                                                                                                                                                                                                               | (A)                                                                                                                                                                                                                                                
|    |                                                                                                                                                                                                                                                                                              |                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                    
|    |                                                                                                                                                                                                                                                                                              |                                                                                                                                                                                                                                                                                                                                                                                                                                               | (B)                                                                                                                                                                                                                                                
|    |                                                                                                                                                                                                                                                                                              |                                                                                                                                                                                                                                                                                                                                                                                                                                               |                                                                                                                                                                                                                                                    
|    |                                                                                                                                                                                                                                                                                              |                                                                                                                                                                                                                                                                                                                                                                                                                                               | (C)                                                                                                                                                                                                                                                



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| |  |     | (E)                                                                                                                   | Within three years following the
      effective date of the termination of this Plan, Bancorp does not adopt a
      new plan that would be aggregated with this Plan under Treas. Reg. §
      1.409A-1(c) if any Participant in this Plan participated in
      both.
| |  | --- | --------------------------------------------------------------------------------------------------------------------- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
| |  |     |                                                                                                                       |                                                                                                                                                                                                                                                                         
| |  | (3) | The Accounts will be distributed
      in a lump-sum payment as soon as administratively feasible, but only
      if:
| |  |     |                                                                                                                       |                                                                                                                                                                                                                                                                         
| |  |     | (A)                                                                                                                   | The Plan termination is made
      within 12 months of a corporate dissolution under Code § 331 or with the
      approval of a bankruptcy court; or                                                                                                                    
| |  |     |                                                                                                                       |                                                                                                                                                                                                                                                                         
| |  |     | (B)                                                                                                                   | If the Plan termination is made
      in connection with a change in control event (as defined in Treas. Reg. §
      1.409A-3(i)(5)) and the requirements of Treas. Reg. § 1.409A-3(j)(ix)(B)
      for accelerated distributions are
satisfied.                       

ARTICLE 8GENERAL PROVISIONS

|8.1 | EFFECT ON401(k)
      PLAN.This Plan is not
      intended to modify any provision of the 401(k) Plan.                                                                                                                                                                                                                                                                                                                                                                                                
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   
|8.2 | PROPERTYRIGHTS.Until a Participants Account is
      distributable under the terms of this Plan, the funds credited to that
      Account shall remain the sole property of either Bancorp or its
      Participating Subsidiary and remain subject to the claims of that
      companys general creditors.                                                                                                                                                                                         
|   
|8.3 | UNFUNDEDOBLIGATION.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|   
|    | (a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|   
|    | (b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       
|    | (c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   
|   
|8.4 | PARTICIPANTSANDBENEFICIARIES RIGHTS.Participants Accounts are established
      and maintained merely for the purpose of recording Bancorps or a
      Participating Subsidiarys unsecured contractual obligation to pay
      deferred Compensation under this Plan. Participants and Beneficiaries
      shall have no right, title or interest in or to any funds in their
      Accounts except as general unsecured creditors of Bancorp or a
      Participating Subsidiary, as applicable.

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|8.5 | BENEFITSPROVIDEDSOLELYUNDER THEPLAN.In no event shall the establishment or modification of
      the Plan, the creation of any Account, or the payment of any benefit be
      construed as giving any Participant or any other person any legal or
      equitable right against the Trustee, Bancorp, any Participating Subsidiary
      or any of their officers or employees, except as provided in this
      Plan.
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|   
|8.6 | NOGUARANTEE OFEMPLOYMENT.The adoption and maintenance of the
      Plan shall not be deemed to:                                                                                                                                                                                                                                                                                                                         
|    |                                                                                                                                                                                                                                                                                                                                                                                                                         
|    | (a)                                                                                                                                                                                                                                                                                                                                                                                                                     
|   

|    | (b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | Interfere with any rights Bancorp or a
      Participating Subsidiary otherwise has to terminate any Participants
      employment;                                                                                                                                                                                                                            
|--- | ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                 
|    | (c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | Interfere with any
      rights a Participant otherwise has to terminate employment; or                                                                                                                                                                                                                                                                         
|   
|    | (d)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | Otherwise be deemed as
      an express or implied employment contract.                                                                                                                                                                                                                                                                                         
|   
|8.7 | BENEFITSNOTASSIGNABLE.Participants Accounts shall not be
      considered assets of the Participants under state law or federal
      bankruptcy law. Participants and Beneficiaries shall not have any right to
      alienate, anticipate, pledge, encumber or assign any of the benefits
      payable under this Plan. Participants Accounts shall not be subject to
      any claim of, or subject to attachment, garnishment or other legal process
      by, any creditor of a Participant or Beneficiary.
|   
|8.8 | PARTICIPATINGSUBSIDIARIES.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|   
|    | (a)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | Every Participating
      Subsidiary is bound by the terms and conditions of this Plan and the
      Trust, except to the extent agreed upon in writing with Bancorp (with
      respect to the Plan) or Bancorp and the Trustee (with respect to the
      Trust).                                                                                             
|   
|    | (b)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | Continued participation
      in this Plan is conditioned on the Participating Subsidiary:                                                                                                                                                                                                                                                                      
|   
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | (1)                                                                                                                                                                                                                                                                                                                                                             
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                 
|    |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | (2)                                                                                                                                                                                                                                                                                                                                                             
|   
|    | (c)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | Bancorp shall have the
      sole authority to amend or terminate this Plan and may do so without prior
      notice to, or the consent of, any Participating Subsidiary.                                                                                                                                                                                       
|   
|    | (d)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | A Participating
      Subsidiary may withdraw from this Plan at any time by giving written
      notice of its withdrawal to Bancorp, the Plan Administrator and the
      Trustee. Upon the withdrawal, no further Compensation may be deferred
      under this Plan by Participants who are Key Executives of the withdrawing
      Participating Subsidiary.
|   
|    | (e)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | Bancorp is under no
      obligation to any Participating Subsidiary to continue to maintain this
      Plan.                                                                                                                                                                                                                                                   

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|8.9  | BINDINGEFFECT.The terms and conditions of this Plan, including any
      amendments, shall be binding upon Bancorp, the Trustee, Participating
      Subsidiaries, Participants and Beneficiaries and the respective heirs,
      assigns and legal representatives of these parties, including any assignee
      or successor in interest to Bancorp or a Participating Subsidiary, whether
      by merger, consolidation or the sale of substantially all of that
      companys assets.
|---- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
|8.10 | GOVERNINGLAWS.This Plan shall be construed and its validity determined
      under Oregon law to the extent not preempted by federal law.                                                                                                                                                                                                                                                                                                                                                    
|    
|8.11 | COUNTERPARTS.This Plan may be executed in any number
      of counterparts, each of which shall be deemed an original, and no other
      counterpart need be produced.                                                                                                                                                                                                                                                                                                                      

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


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