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                                                                   Exhibit 10.19

                            WSB FINANCIAL GROUP, INC.

                         COMPENSATION COMMITTEE CHARTER

1.   ROLE

The Compensation Committee's role is to discharge the Board's responsibilities
relating to compensation of the Company's executives, to produce an annual
report on executive compensation for inclusion in the Company's proxy statement,
and to oversee and advise the Board on the adoption of policies that govern the
Company's compensation programs, including stock and benefit plans.

2.   MEMBERSHIP

The membership of the Committee consists of at least three (3) directors, all of
whom shall (a) meet the independence requirements established by the Board and
applicable laws, regulations and listing requirements, (b) be a "non-employee
director" within the meaning of Rule 16b-3 under the Securities Exchange Act of
1934, and (c) be an "outside director" within the meaning of Section 162(m) of
the Internal Revenue Code. The Board appoints the members of the Committee and
the chairman. The Board may remove any member from the Committee at any time
with or without cause.

3.   OPERATIONS

The Committee meets at least four times a year. Additional meetings may occur as
the Committee or its chair deems advisable. The Committee will cause to be kept
adequate minutes of all its proceedings, and will report on its actions and
activities at the next quarterly meeting of the Board. Committee members will be
furnished with copies of the minutes of each meeting and any action taken by
unanimous consent. The Committee is governed by the same rules regarding
meetings (including meetings by conference telephone or similar communications
equipment), action without meetings, notice, waiver of notice, and quorum and
voting requirements as are applicable to the Board. The Committee is authorized
to adopt its own rules of procedure not inconsistent with (a) any provision of
this Charter, (b) any provision of the Bylaws of the Company, or (c) the laws of
the state of Washington.

4.   AUTHORITY

The Committee will have the resources and authority necessary to discharge its
duties and responsibilities. The Committee has sole authority to retain and
terminate outside counsel, compensation consultants retained to assist the
Committee in determining the compensation of the Chief Executive Officer or
senior executive officers, or other experts or consultants, as it deems
appropriate, including sole authority to approve the firms' fees and other
retention terms. Any communications between the Committee and legal counsel in
the course of obtaining legal advice will be considered privileged
communications of the Company and the Committee will take all necessary steps to
preserve the privileged nature of those communications.

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The Committee may form and delegate authority to subcommittees and may delegate
authority to one or more designated members of the Committee.

5.   RESPONSIBILITIES

The principal responsibilities and functions of the Compensation Committee are
as follows:

          -    Review the competitiveness of the Company's executive
               compensation programs to ensure (a) the attraction and retention
               of corporate officers, (b) the motivation of corporate officers
               to achieve the Company's business objectives, and (c) the
               alignment of the interests of key leadership with the interests
               of the Company.

          -    Review the competitiveness of the Company's executive
               compensation programs to ensure (a) the attraction and retention
               of corporate officers, (b) the motivation of corporate officers
               to achieve the Company's business objectives, and (c) the
               alignment of the interests of key leadership with the long-term
               interests of the Company's shareholders.

          -    Review trends in management compensation, oversee the development
               of new compensation plans, and, when necessary, approve the
               revision of existing plans.

          -    Review and approve the compensation structure for corporate
               officers at the level of corporate vice president and above.

          -    Oversee an evaluation of the performance of the Company's
               executive officers and approve the annual compensation, including
               salary, bonus, incentive and equity compensation, for the
               executive officers.

          -    Review and approve Chairman and CEO goals and objectives,
               evaluate Chairman and CEO performance in light of these corporate
               objectives, and set Chairman and CEO compensation consistent with
               company philosophy. The CEO may not be present during
               deliberations or voting concerning the CEO's compensation. The
               CEO will be reviewed by the Chairman of the Corporate
               Governance/Nominating Committee acting as the Lead Independent
               Director. The results of the annual CEO evaluation will be
               considered in setting CEO salary and other compensation.

          -    Review and approve compensation packages for new corporate
               officers and termination packages for corporate officers as
               requested by management.

          -    Review and discuss with the Board and senior officers plans for
               officer development and corporate succession plans for the CEO
               and other senior officers.

          -    Review and make recommendations concerning long-term incentive
               compensation plans, including the use of equity-based plans.
               Except as otherwise

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               delegated by the Board, the Committee will act on behalf of the
               Board as the "Committee" established to administer equity-based
               and employee benefit plans, and as such will discharge any
               responsibilities imposed on the Committee under those plans,
               including making and authorizing grants, in accordance with the
               terms of those plans.

          -    Review periodic reports from management on matters relating to
               the Company's personnel appointments and practices.

          -    Produce an annual Report of the Compensation Committee on
               Executive Compensation for the Company's annual proxy statement
               in compliance with applicable Securities and Exchange Commission
               rules and regulations and relevant listing authority.

          -    Regularly review and make recommendations about changes to the
               charter of the Committee.

          -    Obtain or perform an annual evaluation of the Committee's
               performance and make applicable recommendations.

It is WSB Financial Group's intention that this Compensation Committee Charter
be its Compensation Committee Charter complying with the standards set forth by
Securities and Exchange Commission and Nasdaq.

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                                                                   Exhibit 10.20

                            WSB FINANCIAL GROUP, INC.

                              CORPORATE GOVERNANCE/
                          NOMINATING COMMITTEE CHARTER

1.   ROLE

The Corporate Governance/Nominating Committee's role is to determine the slate
of director nominees for election to the Company's Board of Directors and to
identify and recommend candidates to fill vacancies occurring between annual
shareholder meetings.

2.   MEMBERSHIP

The membership of the Committee consists of at least two (2) directors, each of
whom shall meet the independence requirements established by the Board and
applicable laws, regulations and listing requirements. The Board appoints the
members of the Committee and the chairman. The Board may remove any member from
the Committee at any time with or without cause.

3.   OPERATIONS

The Committee meets at least twice a year. Additional meetings may occur as the
Committee or its chair deems advisable. The Committee will cause to be kept
adequate minutes of all its proceedings, and will report on its actions and
activities at the next quarterly meeting of the Board. Committee members will be
furnished with copies of the minutes of each meeting and any action taken by
unanimous consent. The Committee is governed by the same rules regarding
meetings (including meetings by conference telephone or similar communications
equipment), action without meetings, notice, waiver of notice, and quorum and
voting requirements as are applicable to the Board. The Committee is authorized
and empowered to adopt its own rules of procedure not inconsistent with (a) any
provision of this Charter, (b) any provision of the Bylaws of the Company, or
(c) the laws of the state of Washington.

4.   AUTHORITY

The Committee will have the resources and authority necessary to discharge its
duties and responsibilities. The Committee has sole authority to retain and
terminate outside counsel, any search firm used to identify director candidates,
or other experts or consultants, as it deems appropriate, including sole
authority to approve the firms' fees and other retention terms. Any
communications between the Committee and legal counsel in the course of
obtaining legal advice will be considered privileged communications of the
Company and the Committee will take all necessary steps to preserve the
privileged nature of those communications.

The Committee may form and delegate authority to subcommittees and may delegate
authority to one or more designated members of the Committee.

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5.   RESPONSIBILITIES

The principal responsibilities and functions of the Corporate
Governance/Nominating Committee are as follows:

     -    Annually evaluate and report to the Board on the performance and
          effectiveness of the Board to facilitate the directors' fulfilling
          their responsibilities in a manner that serves the interests of WSB
          Financial Group's shareholders.

     -    Annually present to the Board a list of individuals recommended for
          nomination for election to the Board at the annual meeting of
          shareholders, and for appointment to the committees of the Board
          (including this Committee).

     -    Before recommending an incumbent, replacement or additional director,
          review his or her qualifications, including capability, availability
          to serve, conflicts of interest, and other relevant factors.

     -    Assist in identifying, interviewing and recruiting candidates for the
          Board.

     -    Annually review the composition of each committee and present
          recommendations for committee memberships to the Board as needed.

     -    Periodically review the compensation paid to non-employee directors
          for annual retainers (including Board and committee Chairs) and
          meeting fees, if any, and make recommendations to the Board for any
          adjustments. No member of the Committee will act to fix his or her own
          compensation except for uniform compensation to directors for their
          services as such.

     -    Regularly review and make recommendations about changes to the charter
          of the Corporate Governance/Nominating Committee.

     -    Obtain or perform an annual evaluation of the Committee's performance
          and make applicable recommendations.

     -    Assist the Chairman of the Board, if the Chairman is a non-management
          director, or otherwise the Chairman of the Committee acting as Lead
          Independent Director, in leading the Board's annual review of the
          Chief Executive Officer's performance.

It is WSB Financial Group's intention that this Corporate Governance/Nominating
Committee Charter be its Corporate Governance/Nominating Committee Charter
complying with the standards set forth by Securities and Exchange Commission and
Nasdaq.

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