Voting Agreement of Town Center Bancorp directors and executive officers



 EXHIBIT 10.1 
 VOTING AGREEMENT 
 This Voting Agreement (“Voting Agreement”), dated as of
March 27, 2007, is among Columbia Banking System, Inc., a Washington corporation (“Columbia”), Town Center Bancorp, an Oregon corporation (“TCB”), and the undersigned, each of whom is either a director or
executive officer of TCB. This Agreement will be effective upon the signing of the Merger Agreement (defined below). 
 RECITAL

 As an inducement for Columbia to enter into the Plan and Agreement of Merger (the “Merger Agreement”) dated as of
the date hereof, whereby TCB will merge with Columbia and Town Center Bank will merge with Columbia Bank (collectively, the “Merger”), each of the undersigned individuals, for himself or herself, his or her heirs and legal
representatives, hereby agrees as follows: 
 AGREEMENT 
  

	1.	Voting and Other Matters. Each of the undersigned individuals shall vote or cause to be voted all shares of TCB’s common stock that he or she beneficially owns,
with power to vote or direct the voting of (the “Shares”), in favor of approval of the Merger Agreement and the Merger. Attached as Exhibit A is a list by individual of the shares he/she beneficially owns as of the date of
this Agreement. In addition, each of the undersigned individuals who is a director of TCB will (a) recommend to the shareholders of TCB that they approve the Merger Agreement, and (b) refrain from any actions or omissions inconsistent with
the foregoing, except as otherwise required by law, including, without limitation, a director’s fiduciary duties to a corporation and its shareholders. The requirements of this Section 1 will continue until the earlier of the
consummation of the Merger or the termination of the Merger Agreement. 

  

	2.	No Transfer. Until the earlier of the consummation of the Merger or the termination of the Merger Agreement, the undersigned will not sell, permit a lien or other
encumbrance to be created with respect to, or grant any proxy in respect of (except for proxies solicited by the board of directors of TCB in connection with the TCB shareholders’ meeting at which the Merger is presented for shareholder
approval), any Shares, unless all other parties to any such sale or other transaction enter into an agreement in form and substance satisfactory to Columbia embodying the benefits and rights contained in this Voting Agreement.


  

	3.	Individual Obligations. Obligations of each of the undersigned under this Voting Agreement are intended to be several and not joint. 

  

 1 









	4.	Miscellaneous.  

  

	 	a.	Severability. If any provision of this Voting Agreement or the application of such provision to any person or circumstances shall be held invalid or unenforceable by a court
of competent jurisdiction, such provision or application shall be unenforceable only to the extent of such invalidity or unenforceability, and the remainder of the provision held invalid or unenforceable and the application of such provision to
persons or circumstances, other than the party as to which it is held invalid, and the remainder of this Voting Agreement, shall not be affected. 

  

	 	b.	Counterparts. This Agreement may be executed in one or more counterparts, including facsimile counterparts, each of which will be deemed an original, but all of which taken
together will constitute one and the same document. 

  

	 	c.	Governing Law. This Voting Agreement shall be deemed a contract made under, and for all purposes shall be construed in accordance with, the laws of the State of Washington.


  

	 	d.	Remedies. Any breach of this Voting Agreement entitles Columbia to injunctive relief and/or specific performance, as well as any other legal or equitable remedies Columbia
may be entitled to. 

 [signature pages follow] 
  

 2 








 SIGNED EFFECTIVE as of March 28, 2007. 
  

									
	TOWN CENTER BANCORP	 	 	 	COLUMBIA BANKING SYSTEM, INC.
					
	By	 	 /s/ Bruce G. Bryant
	 		 	By	 	 /s/ Melanie J. Dressel

		 	Bruce G. Bryant	 		 		 	Melanie J. Dressel
		 	President & Chief Executive Officer	 		 		 	President & Chief Executive Officer

 Additional Signatures on Next Page 
 [Signature Page to Voting Agreement-1] 








					
	 /s/ Bruce G. Bryant
	 		 	
	Bruce G. Bryant, Director	 		 	
	President & Chief Executive Officer	 		 	
			
	 /s/ Bob Ekblad
	 		 	 /s/ Robert A. Pingle

	Bob Ekblad	 		 	Robert A. Pingle
	Executive VP & Chief Financial Officer	 		 	Executive VP & Chief Operating Officer
			
	 /s/ Randy Knipple
	 		 	 /s/ Samuel E. Allen

	Randy Knipple	 		 	Samuel E. Allen, Director
	Executive VP & Chief Credit Officer	 		 	
			
	 /s/ Charles W. Botsford
	 		 	 /s/ Raymond E. Cotton

	Charles W. Botsford, Director	 		 	Raymond E. Cotton, Director
		 		 	
	 /s/ John J. Faherty
	 		 	 /s/ Thomas T. Joseph

	John J. Faherty, Director	 		 	Thomas T. Joseph, Director
			
	 /s/ Judith A. McGee
	 		 	 /s/ Elton R. Storment

	Judith A. McGee, Director	 		 	Elton R. Storment, Director
			
	 /s/ Glenn O. Tribe
	 		 	 /s/ C. Joseph Van Haverbeke

	Glenn O. Tribe, Director	 		 	C. Joseph Van Haverbeke, Director

 [Signature Page to Voting Agreement-2]