Document:

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                                                                    EXHIBIT 10.2

                                   [BAR CODE]

                          *31311385163500000110010C40*

                             BUSINESS LOAN AGREEMENT

<TABLE>
<CAPTION>
  PRINCIPAL     LOAN DATE     MATURITY    LOAN NO   CALL/COLL     ACCOUNT     OFFICER   INITIALS
<S>             <C>          <C>          <C>       <C>         <C>           <C>       <C>
$5,000,000.00   01-26-2005   02-01-2006    11001     402/511    N3113851635   CDROD
</TABLE>

  References in the shaded area are for Lender's use only and do not limit the
         applicability of this document to any particular loan or item.
Any item above containing "***" has been omitted due to text length limitations.

BORROWER: EVERGREENBANCORP, INC.      LENDER: KEYBANK NATIONAL ASSOCIATION
          301 EASTLAKE AVENUE EAST            WA-CB-TACOMA CORRESPONDENT BANKING
          SEATTLE, WA  98109                  1101 PACIFIC AVE.
                                              1ST FLOOR
                                              TACOMA, WA 98402

THIS BUSINESS LOAN AGREEMENT DATED JANUARY 26, 2005, IS MADE AND EXECUTED
BETWEEN EVERGREENBANCORP, INC. ("BORROWER") AND KEYBANK NATIONAL ASSOCIATION
("LENDER") ON THE FOLLOWING TERMS AND CONDITIONS. BORROWER HAS RECEIVED PRIOR
COMMERCIAL LOANS FROM LENDER OR HAS APPLIED TO LENDER FOR A COMMERCIAL LOAN OR
LOANS OR OTHER FINANCIAL ACCOMMODATIONS, INCLUDING THOSE WHICH MAY BE DESCRIBED
ON ANY EXHIBIT OR SCHEDULE ATTACHED TO THIS AGREEMENT ("LOAN"). BORROWER
UNDERSTANDS AND AGREES THAT: (A) IN GRANTING, RENEWING, OR EXTENDING ANY LOAN,
LENDER IS RELYING UPON BORROWER'S REPRESENTATIONS, WARRANTIES, AND AGREEMENTS AS
SET FORTH IN THIS AGREEMENT; (B) THE GRANTING, RENEWING, OR EXTENDING OF ANY
LOAN BY LENDER AT ALL TIMES SHALL BE SUBJECT TO LENDER'S SOLE JUDGMENT AND
DISCRETION; AND (C) ALL SUCH LOANS SHALL BE AND REMAIN SUBJECT TO THE TERMS AND
CONDITIONS OF THIS AGREEMENT.

TERM. This Agreement shall be effective as of January 26, 2005, and shall
continue in full force and effect until such time as all of Borrower's Loans in
favor of Lender have been paid in full, including principal, interest, costs,
expenses, attorneys' fees, and other fees and charges, or until such time as the
parties may agree in writing to terminate this Agreement.

CONDITIONS PRECEDENT TO EACH ADVANCE. Lender's obligation to make the initial
Advance and each subsequent Advance under this Agreement shall be subject to the
fulfillment to Lender's satisfaction of all of the conditions set forth in this
Agreement and in the Related Documents.

      LOAN DOCUMENTS. Borrower shall provide to Lender the following documents
      for the Loan: (1) the Note; (2) Security Agreements granting to Lender
      security interests in the Collateral; (3) financing statements and all
      other documents perfecting Lender's Security Interests; (4) evidence of
      insurance as required below; (5) together with all such Related Documents
      as Lender may require for the Loan; all in form and substance satisfactory
      to Lender and Lender's counsel.

      BORROWER'S AUTHORIZATION. Borrower shall have provided in form and
      substance satisfactory to Lender properly certified resolutions, duly
      authorizing the execution and delivery of this Agreement, the Note and the
      Related Documents. In addition, Borrower shall have provided such other
      resolutions, authorizations, documents and instruments as Lender or its
      counsel, may require.

      PAYMENT OF FEES AND EXPENSES. Borrower shall have paid to Lender all fees,
      charges, and other expenses which are then due and payable as specified in
      this Agreement or any Related Document.

      REPRESENTATIONS AND WARRANTIES. The representations and warranties set
      forth in this Agreement, in the Related Documents, and in any document or
      certificate delivered to Lender under this Agreement are true and correct.

      NO EVENT OF DEFAULT. There shall not exist at the time of any Advance a
      condition which would constitute an Event of Default under this Agreement
      or under any Related Document.

REPRESENTATIONS AND WARRANTIES. Borrower represents and warrants to Lender, as
of the date of this Agreement, as of the date of each disbursement of loan
proceeds, as of the date of any renewal, extension or modification of any Loan,
and at all times any Indebtedness exists:

      ORGANIZATION. Borrower is a corporation for profit which is, and at all
      times shall be, duly organized, validly existing, and in good standing
      under and by virtue of the laws of the State of Washington Borrower has
      the full power and authority to own its properties and to transact the
      business in which it is presently engaged or presently proposes to engage.
      Borrower maintains an office at 301 Eastlake Avenue East, Seattle, WA
      98109. Unless Borrower has designated otherwise in writing, the principal
      office is the office at which Borrower keeps its books and records
      including its records concerning the Collateral. Borrower will notify
      Lender prior to any change in the location of Borrower's state of
      organization or any change in Borrower's name. Borrower shall do all
      things necessary to preserve and to keep in full force and effect its
      existence, rights and privileges, and shall comply with all regulations,
      rules, ordinances, statutes, orders and decrees of any governmental or
      quasi-governmental authority or court applicable to Borrower and
      Borrower's business activities.

      ASSUMED BUSINESS NAMES. Borrower has filed or recorded all documents or
      filings required by law relating to all assumed business names used by
      Borrower. Excluding the name of Borrower, the following is a complete list
      of all assumed business names under which Borrower does business: NONE.

      AUTHORIZATION. Borrower's execution, delivery, and performance of this
      Agreement and all the Related Documents have been duly authorized by all
      necessary action by Borrower and do not conflict with, result in a
      violation of, or constitute a default under (1) any provision of (a)
      Borrower's articles of incorporation or organization, or bylaws, or (b)
      any agreement or other instrument binding upon Borrower or (2) any law,
      governmental regulation, court decree, or order applicable to Borrower or
      to Borrower's properties.

      FINANCIAL INFORMATION. Each of Borrower's financial statements supplied to
      Lender truly and completely disclosed Borrower's financial condition as of
      the date of the statement, and there has been no material adverse change
      in Borrower's financial condition subsequent to the date of the most
      recent financial statement supplied to Lender. Borrower has no material
      contingent obligations except as disclosed in such financial statements.

      LEGAL EFFECT. This Agreement constitutes, and any instrument or agreement
      Borrower is required to give under this Agreement when delivered will
      constitute legal, valid, and binding obligations of Borrower enforceable
      against Borrower in accordance with their respective terms.

      PROPERTIES. Except as contemplated by this Agreement or as previously
      disclosed in Borrower's financial statements or in writing to Lender and
      as accepted by Lender, and except for property tax liens for taxes not
      presently due and payable, Borrower owns and has good title to all of
      Borrower's properties free and clear of all Security Interests, and has
      not executed any security documents or financing statements relating to
      such properties. All of Borrower's properties are titled in Borrower's
      legal name, and Borrower has not used or filed a financing

<PAGE>

                                                                          PAGE 2

                             BUSINESS LOAN AGREEMENT
LOAN NO: 11001                      (CONTINUED)

      statement under any other name for at least the last five (5) years.

      HAZARDOUS SUBSTANCES. Except as disclosed to and acknowledged by Lender in
      writing, Borrower represents and warrants that: (1) During the period of
      Borrower's ownership of Borrower's Collateral, there has been no use,
      generation, manufacture, storage, treatment, disposal, release or
      threatened release of any Hazardous Substance by any person on, under,
      about or from any of the Collateral. (2) Borrower has no knowledge of, or
      reason to believe that there has been (a) any breach or violation of any
      Environmental Laws; (b) any use, generation, manufacture, storage,
      treatment, disposal, release or threatened release of any Hazardous
      Substance on, under, about or from the Collateral by any prior owners or
      occupants of any of the Collateral; or (c) any actual or threatened
      litigation or claims of any kind by any person relating to such matters.
      (3) Neither Borrower nor any tenant, contractor, agent or other authorized
      user of any of the Collateral shall use, generate, manufacture, store,
      treat, dispose of or release any Hazardous Substance on, under, about or
      from any of the Collateral; and any such activity shall be conducted in
      compliance with all applicable federal, state, and local laws,
      regulations, and ordinances, including without limitation all
      Environmental Laws. Borrower authorizes Lender and its agents to enter
      upon the Collateral to make such inspections and tests as Lender may deem
      appropriate to determine compliance of the Collateral with this section of
      the Agreement. Any inspections or tests made by Lender shall be at
      Borrower's expense and for Lender's purposes only and shall not be
      construed to create any responsibility or liability on the part of Lender
      to Borrower or to any other person. The representations and warranties
      contained herein are based on Borrower's due diligence in investigating
      the Collateral for hazardous waste and Hazardous Substances. Borrower
      hereby (1) releases and waives any future claims against Lender for
      indemnity or contribution in the event Borrower becomes liable for cleanup
      or other costs under any such laws, and (2) agrees to indemnify and hold
      harmless Lender against any and all claims, losses, liabilities, damages,
      penalties, and expenses which Lender may directly or indirectly sustain or
      suffer resulting from a breach of this section of the Agreement or as a
      consequence of any use, generation, manufacture, storage, disposal,
      release or threatened release of a hazardous waste or substance on the
      Collateral. The provisions of this section of the Agreement, including the
      obligation to indemnify, shall survive the payment of the Indebtedness and
      the termination, expiration or satisfaction of this Agreement and shall
      not be affected by Lender's acquisition of any interest in any of the
      Collateral, whether by foreclosure or otherwise.

      LITIGATION AND CLAIMS. No litigation, claim, investigation, administrative
      proceeding or similar action (including those for unpaid taxes) against
      Borrower is pending or threatened, and no other event has occurred which
      may materially adversely affect Borrower's financial condition or
      properties, other than litigation, claims, or other events, if any, that
      have been disclosed to and acknowledged by Lender in writing.

      TAXES. To the best of Borrower's knowledge, all of Borrower's tax returns
      and reports that are or were required to be filed, have been filed, and
      all taxes, assessments and other governmental charges have been paid in
      full, except those presently being or to be contested by Borrower in good
      faith in the ordinary course of business and for which adequate reserves
      have been provided.

      LIEN PRIORITY. Unless otherwise previously disclosed to Lender in writing,
      Borrower has not entered into or granted any Security Agreements, or
      permitted the filing or attachment of any Security Interests on or
      affecting any of the Collateral directly or indirectly securing repayment
      of Borrower's Loan and Note, that would be prior or that may in any way be
      superior to Lender's Security Interests and rights in and to such
      Collateral.

      BINDING EFFECT. This Agreement, the Note, all Security Agreements (if
      any), and all Related Documents are binding upon the signers thereof, as
      well as upon their successors, representatives and assigns, and are
      legally enforceable in accordance with their respective terms.

AFFIRMATIVE COVENANTS. Borrower covenants and agrees with Lender that, so long
as this Agreement remains in effect, Borrower will:

      NOTICES OF CLAIMS AND LITIGATION. Promptly inform Lender in writing of (1)
      all material adverse changes in Borrower's financial condition, and (2)
      all existing and all threatened litigation, claims, investigations,
      administrative proceedings or similar actions affecting Borrower or any
      Guarantor which could materially affect the financial condition of
      Borrower or the financial condition of any Guarantor.

      FINANCIAL RECORDS. Maintain its books and records in accordance with GAAP,
      applied on a consistent basis, and permit Lender to examine and audit
      Borrower's books and records at all reasonable times.

      FINANCIAL STATEMENTS. Furnish Lender with the following:

            ANNUAL STATEMENTS. As soon as available, but in no event later than
            one-hundred-twenty (120) days after the end of each fiscal year,
            Borrower's balance sheet and income statement for the year ended,
            audited by a certified public accountant satisfactory to Lender.

            INTERIM STATEMENTS. As soon as available, but in no event later than
            one-hundred-twenty (120) days after the end of each fiscal quarter,
            Borrower's balance sheet and profit and loss statement for the
            period ended, prepared by Borrower.

            TAX RETURNS. As soon as available, but in no event later than
            one-hundred-twenty (120) days after the applicable filing date for
            the tax reporting period ended, Federal and other governmental tax
            returns, prepared by Borrower.

      All financial reports required to be provided under this Agreement shall
      be prepared in accordance with GAAP, applied on a consistent basis, and
      certified by Borrower as being true and correct.

      ADDITIONAL INFORMATION. Furnish such additional information and
      statements, as Lender may request from time to time.

      INSURANCE. Maintain fire and other risk insurance, public liability
      insurance, and such other insurance as Lender may require with respect to
      Borrower's properties and operations, in form, amounts, coverages and with
      insurance companies acceptable to Lender. Borrower, upon request of
      Lender, will deliver to Lender from time to time the policies or
      certificates of insurance in form satisfactory to Lender, including
      stipulations that coverages will not be cancelled or diminished without at
      least ten (10) days prior written notice to Lender. Each insurance policy
      also shall include an endorsement providing that coverage in favor of
      Lender will not be impaired in any way by any act, omission or default of
      Borrower or any other person. In connection with all policies covering
      assets in which Lender holds or is offered a security interest for the
      Loans, Borrower will provide Lender with such lender's loss payable or
      other endorsements as Lender may require.

      INSURANCE REPORTS. Furnish to Lender, upon request of Lender, reports on
      each existing insurance policy showing such information as Lender may
      reasonably request, including without limitation the following: (1) the
      name of the insurer; (2) the risks insured; (3) the amount of the policy;
      (4) the properties insured; (5) the then current property values on the
      basis of which insurance has been obtained, and the manner of determining
      those values; and (6) the expiration date of the policy. In addition, upon
      request of Lender (however not more often than annually), Borrower will
      have an independent appraiser satisfactory to Lender determine, as
      applicable, the actual cash value or replacement cost of any Collateral.
      The cost of such appraisal shall be paid by Borrower.

      OTHER AGREEMENTS. Comply with all terms and conditions of all other
      agreements, whether now or hereafter existing, between Borrower and any
      other party and notify Lender immediately in writing of any default in
      connection with any other such agreements.

      LOAN PROCEEDS. Use all Loan proceeds solely for Borrower's business
      operations, unless specifically consented to the contrary by Lender in
      writing.

<PAGE>

                                                                          PAGE 3

                             BUSINESS LOAN AGREEMENT
LOAN NO: 11001                      (CONTINUED)

      TAXES, CHARGES AND LIENS. Pay and discharge when due all of its
      indebtedness and obligations, including without limitation all
      assessments, taxes, governmental charges, levies and liens, of every kind
      and nature, imposed upon Borrower or its properties, income, or profits,
      prior to the date on which penalties would attach, and all lawful claims
      that, if unpaid, might become a lien or charge upon any of Borrower's
      properties, income, or profits.

      PERFORMANCE. Perform and comply, in a timely manner, with all terms,
      conditions, and provisions set forth in this Agreement, in the Related
      Documents, and in all other instruments and agreements between Borrower
      and Lender. Borrower shall notify Lender immediately in writing of any
      default in connection with any agreement.

      OPERATIONS. Maintain executive and management personnel with substantially
      the same qualifications and experience as the present executive and
      management personnel; provide written notice to Lender of any change in
      executive and management personnel; conduct its business affairs in a
      reasonable and prudent manner.

      ENVIRONMENTAL STUDIES. Promptly conduct and complete, at Borrower's
      expense, all such investigations, studies, samplings and testings as may
      be requested by Lender or any governmental authority relative to any
      substance, or any waste or by-product of any substance defined as toxic or
      a hazardous substance under applicable federal, state, or local law, rule,
      regulation, order or directive, at or affecting any property or any
      facility owned, leased or used by Borrower.

      COMPLIANCE WITH GOVERNMENTAL REQUIREMENTS. Comply with all laws,
      ordinances, and regulations, now or hereafter in effect, of all
      governmental authorities applicable to the conduct of Borrower's
      properties, businesses and operations, and to the use or occupancy of the
      Collateral, including without limitation, the Americans With Disabilities
      Act. Borrower may contest in good faith any such law, ordinance, or
      regulation and withhold compliance during any proceeding, including
      appropriate appeals, so long as Borrower has notified Lender in writing
      prior to doing so and so long as, in Lender's sole opinion, Lender's
      interests in the Collateral are not jeopardized. Lender may require
      Borrower to post adequate security or a surety bond, reasonably
      satisfactory to Lender, to protect Lender's interest.

      INSPECTION. Permit employees or agents of Lender at any reasonable time to
      inspect any and all Collateral for the Loan or Loans and Borrower's other
      properties and to examine or audit Borrower's books, accounts, and records
      and to make copies and memoranda of Borrower's books, accounts, and
      records. If Borrower now or at any time hereafter maintains any records
      (including without limitation computer generated records and computer
      software programs for the generation of such records) in the possession of
      a third party, Borrower, upon request of Lender, shall notify such party
      to permit Lender free access to such records at all reasonable times and
      to provide Lender with copies of any records it may request, all at
      Borrower's expense.

      ENVIRONMENTAL COMPLIANCE AND REPORTS. Borrower shall comply in all
      respects with any and all Environmental Laws; not cause or permit to
      exist, as a result of an intentional or unintentional action or omission
      on Borrower's part or on the part of any third party, on property owned
      and/or occupied by Borrower, any environmental activity where damage may
      result to the environment, unless such environmental activity is pursuant
      to and in compliance with the conditions of a permit issued by the
      appropriate federal, state or local governmental authorities; shall
      furnish to Lender promptly and in any event within thirty (30) days after
      receipt thereof a copy of any notice, summons, lien, citation, directive,
      letter or other communication from any governmental agency or
      instrumentality concerning any intentional or unintentional action or
      omission on Borrower's part in connection with any environmental activity
      whether or not there is damage to the environment and/or other natural
      resources.

      ADDITIONAL ASSURANCES. Make, execute and deliver to Lender such promissory
      notes, mortgages, deeds of trust, security agreements, assignments,
      financing statements, instruments, documents and other agreements as
      Lender or its attorneys may reasonably request to evidence and secure the
      Loans and to perfect all Security Interests.

RECOVERY OF ADDITIONAL COSTS. If the imposition of or any change in any law,
rule, regulation or guideline, or the interpretation or application of any
thereof by any court or administrative or governmental authority (including any
request or policy not having the force of law) shall impose, modify or make
applicable any taxes (except federal, state or local income or franchise taxes
imposed on Lender), reserve requirements, capital adequacy requirements or other
obligations which would (A) increase the cost to Lender for extending or
maintaining the credit facilities to which this Agreement relates, (B) reduce
the amounts payable to Lender under this Agreement or the Related Documents, or
(C) reduce the rate of return on Lender's capital as a consequence of Lender's
obligations with respect to the credit facilities to which this Agreement
relates, then Borrower agrees to pay Lender such additional amounts as will
compensate Lender therefor, within five (5) days after Lender's written demand
for such payment, which demand shall be accompanied by an explanation of such
imposition or charge and a calculation in reasonable detail of the additional
amounts payable by Borrower, which explanation and calculations shall be
conclusive in the absence of manifest error.

LENDER'S EXPENDITURES. If any action or proceeding is commenced that would
materially affect Lender's interest in the Collateral or if Borrower fails to
comply with any provision of this Agreement or any Related Documents, including
but not limited to Borrower's failure to discharge or pay when due any amounts
Borrower is required to discharge or pay under this Agreement or any Related
Documents, Lender on Borrower's behalf may (but shall not be obligated to) take
any action that Lender deems appropriate, including but not limited to
discharging or paying all taxes, liens, security interests, encumbrances and
other claims, at any time levied or placed on any Collateral and paying all
costs for insuring, maintaining and preserving any Collateral. All such
expenditures incurred or paid by Lender for such purposes will then bear
interest at the rate charged under the Note from the date incurred or paid by
Lender to the date of repayment by Borrower. All such expenses will become a
part of the Indebtedness and, at Lender's option, will (A) be payable on demand;
(B) be added to the balance of the Note and be apportioned among and be payable
with any installment payments to become due during either (1) the term of any
applicable insurance policy; or (2) the remaining term of the Note; or (C) be
treated as a balloon payment which will be due and payable at the Note's
maturity.

NEGATIVE COVENANTS. Borrower covenants and agrees with Lender that while this
Agreement is in effect, Borrower shall not, without the prior written consent of
Lender:

      INDEBTEDNESS AND LIENS. (1) Except for trade debt incurred in the normal
      course of business and indebtedness to Lender contemplated by this
      Agreement, create, incur or assume indebtedness for borrowed money,
      including capital leases, (2) sell, transfer, mortgage, assign, pledge,
      lease, grant a security interest in, or encumber any of Borrower's assets
      (except as allowed as Permitted Liens), or (3) sell with recourse any of
      Borrower's accounts, except to Lender.

      CONTINUITY OF OPERATIONS. (1) Engage in any business activities
      substantially different than those in which Borrower is presently engaged,
      (2) cease operations, liquidate, merge, transfer, acquire or consolidate
      with any other entity, change its name, dissolve or transfer or sell
      Collateral out of the ordinary course of business, or (3) pay any
      dividends on Borrower's stock (other than dividends payable in its stock),
      provided, however that notwithstanding the foregoing, but only so long as
      no Event of Default has occurred and is continuing or would result from
      the payment of dividends, if Borrower is a "Subchapter S Corporation" (as
      defined in the Internal Revenue Code of 1986, as amended), Borrower may
      pay cash dividends on its stock to its shareholders from time to time in
      amounts necessary to enable the shareholders to pay income taxes and make
      estimated income tax payments to satisfy their liabilities under federal
      and state law which arise solely from their status as Shareholders of a
      Subchapter S Corporation because of their ownership of shares of
      Borrower's stock, or purchase or retire any of Borrower's outstanding
      shares or alter or amend Borrower's capital structure.

<PAGE>

                                                                          PAGE 4

                             BUSINESS LOAN AGREEMENT
LOAN NO: 11001                      (CONTINUED)

      LOANS, ACQUISITIONS AND GUARANTIES. (1) Loan, invest in or advance money
      or assets to any other person, enterprise or entity, (2) purchase, create
      or acquire any interest in any other enterprise or entity, or (3) incur
      any obligation as surety or guarantor other than in the ordinary course of
      business.

CESSATION OF ADVANCES. If Lender has made any commitment to make any Loan to
Borrower, whether under this Agreement or under any other agreement, Lender
shall have no obligation to make Loan Advances or to disburse Loan proceeds if:
(A) Borrower or any Guarantor is in default under the terms of this Agreement or
any of the Related Documents or any other agreement that Borrower or any
Guarantor has with Lender; (B) Borrower or any Guarantor dies, becomes
incompetent or becomes insolvent, files a petition in bankruptcy or similar
proceedings, or is adjudged a bankrupt; (C) there occurs a material adverse
change in Borrower's financial condition, in the financial condition of any
Guarantor, or in the value of any Collateral securing any Loan; or (D) any
Guarantor seeks, claims or otherwise attempts to limit, modify or revoke such
Guarantor's guaranty of the Loan or any other loan with Lender; or (E) Lender in
good faith deems itself insecure, even though no Event of Default shall have
occurred.

RIGHT OF SETOFF. To the extent permitted by applicable law, Lender reserves a
right of setoff in all Borrower's accounts with Lender (whether checking,
savings, or some other account). This includes all accounts Borrower holds
jointly with someone else and all accounts Borrower may open in the future.
However, this does not include any IRA or Keogh accounts, or any trust accounts
for which setoff would be prohibited by law. Borrower authorizes Lender, to the
extent permitted by applicable law, to charge or setoff all sums owing on the
Indebtedness against any and all such accounts.

DEFAULT. Each of the following shall constitute an Event of Default under this
Agreement:

      PAYMENT DEFAULT. Borrower fails to make any payment when due under the
      Loan.

      OTHER DEFAULTS. Borrower fails to comply with or to perform any other
      term, obligation, covenant or condition contained in this Agreement or in
      any of the Related Documents or to comply with or to perform any term,
      obligation, covenant or condition contained in any other agreement between
      Lender and Borrower.

      DEFAULT IN FAVOR OF THIRD PARTIES. Borrower or any Grantor defaults under
      any loan, extension of credit, security agreement, purchase or sales
      agreement, or any other agreement, in favor of any other creditor or
      person that may materially affect any of Borrower's or any Grantor's
      property or Borrower's or any Grantor's ability to repay the Loans or
      perform their respective obligations under this Agreement or any of the
      Related Documents.

      FALSE STATEMENTS. Any warranty, representation or statement made or
      furnished to Lender by Borrower or on Borrower's behalf under this
      Agreement or the Related Documents is false or misleading in any material
      respect, either now or at the time made or furnished or becomes false or
      misleading at any time thereafter.

      INSOLVENCY. The dissolution or termination of Borrower's existence as a
      going business, the insolvency of Borrower, the appointment of a receiver
      for any part of Borrower's property, any assignment for the benefit of
      creditors, any type of creditor workout, or the commencement of any
      proceeding under any bankruptcy or insolvency laws by or against Borrower.

      DEFECTIVE COLLATERALIZATION. This Agreement or any of the Related
      Documents ceases to be in full force and effect (including failure of any
      collateral document to create a valid and perfected security interest or
      lien) at any time and for any reason.

      CREDITOR OR FORFEITURE PROCEEDINGS. Commencement of foreclosure or
      forfeiture proceedings, whether by judicial proceeding, self-help,
      repossession or any other method, by any creditor of Borrower or by any
      governmental agency against any collateral securing the Loan. This
      includes a garnishment of any of Borrower's accounts, including deposit
      accounts, with Lender. However, this Event of Default shall not apply if
      there is a good faith dispute by Borrower as to the validity or
      reasonableness of the claim which is the basis of the creditor or
      forfeiture proceeding and if Borrower gives Lender written notice of the
      creditor or forfeiture proceeding and deposits with Lender monies or a
      surety bond for the creditor or forfeiture proceeding, in an amount
      determined by Lender, in its sole discretion, as being an adequate reserve
      or bond for the dispute.

      EVENTS AFFECTING GUARANTOR. Any of the preceding events occurs with
      respect to any Guarantor of any of the Indebtedness or any Guarantor dies
      or becomes incompetent, or revokes or disputes the validity of, or
      liability under, any Guaranty of the Indebtedness. In the event of a
      death. Lender, at its option, may, but shall not be required to, permit
      the Guarantor's estate to assume unconditionally the obligations arising
      under the guaranty in a manner satisfactory to Lender, and, in doing so,
      cure any Event of Default.

      CHANGE IN OWNERSHIP. Any change in ownership of twenty-five percent (25%)
      or more of the common stock of Borrower.

      ADVERSE CHANGE. A material adverse change occurs in Borrower's financial
      condition, or Lender believes the prospect of payment or performance of
      the Loan is impaired.

      INSECURITY. Lender in good faith believes itself insecure.

      RIGHT TO CURE. If any default, other than a default on Indebtedness, is
      curable and if Borrower or Grantor, as the case may be, has not been given
      a notice of a similar default within the preceding twelve (12) months, it
      may be cured if Borrower or Grantor, as the case may be, after receiving
      written notice from Lender demanding cure of such default: (1) cure the
      default within fifteen (15) days; or (2) if the cure requires more than
      fifteen (15) days, immediately initiate steps which Lender deems in
      Lender's sole discretion to be sufficient to cure the default and
      thereafter continue and complete all reasonable and necessary steps
      sufficient to produce compliance as soon as reasonably practical.

EFFECT OF AN EVENT OF DEFAULT. If any Event of Default shall occur, except where
otherwise provided in this Agreement or the Related Documents, all commitments
and obligations of Lender under this Agreement or the Related Documents or any
other agreement immediately will terminate (including any obligation to make
further Loan Advances or disbursements), and, at Lender's option, all
Indebtedness immediately will become due and payable, all without notice of any
kind to Borrower, except that in the case of an Event of Default of the type
described in the "Insolvency" subsection above, such acceleration shall be
automatic and not optional. In addition, Lender shall have all the rights and
remedies provided in the Related Documents or available at law, in equity, or
otherwise. Except as may be prohibited by applicable law, all of Lender's rights
and remedies shall be cumulative and may be exercised singularly or
concurrently. Election by Lender to pursue any remedy shall not exclude pursuit
of any other remedy, and an election to make expenditures or to take action to
perform an obligation of Borrower or of any Grantor shall not affect Lender's
right to declare a default and to exercise its rights and remedies.

MISCELLANEOUS PROVISIONS. The fallowing miscellaneous provisions are a part of
this Agreement:

      AMENDMENTS. This Agreement, together with any Related Documents,
      constitutes the entire understanding and agreement of the parties as to
      the matters set forth in this Agreement. No alteration of or amendment to
      this Agreement shall be effective unless given in writing and signed by
      the party or parties sought to be charged or bound by the alteration or
      amendment.

      ATTORNEYS' FEES; EXPENSES. Borrower agrees to pay upon demand all of
      Lender's costs and expenses, including Lender's attorneys' fees and
      Lender's legal expenses, incurred in connection with the enforcement of
      this Agreement. Lender may hire or pay someone else to help

<PAGE>

                                                                          PAGE 5

                             BUSINESS LOAN AGREEMENT
LOAN NO: 11001                      (CONTINUED)

      enforce this Agreement, and Borrower shall pay the costs and expenses of
      such enforcement. Costs and expenses include Lender's attorneys' fees and
      legal expenses whether or not there is a lawsuit, including attorneys'
      fees and legal expenses for bankruptcy proceedings (including efforts to
      modify or vacate any automatic stay or injunction), appeals, and any
      anticipated post-judgment collection services. Borrower also shall pay all
      court costs and such additional fees as may be directed by the court.

      CAPTION HEADINGS. Caption headings in this Agreement are for convenience
      purposes only and are not to be used to interpret or define the provisions
      of this Agreement.

      CONSENT TO LOAN PARTICIPATION. Borrower agrees and consents to Lender's
      sale or transfer, whether now or later, of one or more participation
      interests in the Loan to one or more purchasers, whether related or
      unrelated to Lender. Lender may provide, without any limitation
      whatsoever, to any one or more purchasers, or potential purchasers, any
      information or knowledge Lender may have about Borrower or about any other
      matter relating to the Loan, and Borrower hereby waives any rights to
      privacy Borrower may have with respect to such matters. Borrower
      additionally waives any and all notices of sale of participation
      interests, as well as all notices of any repurchase of such participation
      interests. Borrower also agrees that the purchasers of any such
      participation interests will be considered as the absolute owners of such
      interests in the Loan and will have all the rights granted under the
      participation agreement or agreements governing the sale of such
      participation interests. Borrower further waives all rights of offset or
      counterclaim that it may have now or later against Lender or against any
      purchaser of such a participation interest and unconditionally agrees that
      either Lender or such purchaser may enforce Borrower's obligation under
      the Loan irrespective of the failure or insolvency of any holder of any
      interest in the Loan. Borrower further agrees that the purchaser of any
      such participation interests may enforce its interests irrespective of any
      personal claims or defenses that Borrower may have against Lender.

      GOVERNING LAW. THIS AGREEMENT WILL BE GOVERNED BY, CONSTRUED AND ENFORCED
      IN ACCORDANCE WITH FEDERAL LAW AND THE LAWS OF THE STATE OF WASHINGTON.
      THIS AGREEMENT HAS BEEN ACCEPTED BY LENDER IN THE STATE OF WASHINGTON.

      NO WAIVER BY LENDER. Lender shall not be deemed to have waived any rights
      under this Agreement unless such waiver is given in writing and signed by
      Lender. No delay or omission on the part of Lender in exercising any right
      shall operate as a waiver of such right or any other right. A waiver by
      Lender of a provision of this Agreement shall not prejudice or constitute
      a waiver of Lender's right otherwise to demand strict compliance with that
      provision or any other provision of this Agreement. No prior waiver by
      Lender, nor any course of dealing between Lender and Borrower, or between
      Lender and any Grantor, shall constitute a waiver of any of Lender's
      rights or of any of Borrower's or any Grantor's obligations as to any
      future transactions. Whenever the consent of Lender is required under this
      Agreement, the granting of such consent by Lender in any instance shall
      not constitute continuing consent to subsequent instances where such
      consent is required and in all cases such consent may be granted or
      withheld in the sole discretion of Lender.

      NOTICES. Subject to applicable law, and except for notice required or
      allowed by law to be given in another manner, any notice required to be
      given under this Agreement shall be given in writing, and shall be
      effective when actually delivered, when actually received by telefacsimile
      (unless otherwise required by law), when deposited with a nationally
      recognized overnight courier, or, if mailed, when deposited in the United
      States mail, as first class, certified or registered mail postage prepaid,
      directed to the addresses shown near the beginning of this Agreement. Any
      party may change its address for notices under this Agreement by giving
      formal written notice to the other parties, specifying that the purpose of
      the notice is to change the party's address. For notice purposes, Borrower
      agrees to keep Lender informed at all times of Borrower's current address.
      Subject to applicable law, and except for notice required or allowed by
      law to be given in another manner, if there is more than one Borrower, any
      notice given by Lender to any Borrower is deemed to be notice given to all
      Borrowers.

      SEVERABILITY. If a court of competent jurisdiction finds any provision of
      this Agreement to be illegal, invalid, or unenforceable as to any
      circumstance, that finding shall not make the offending provision illegal,
      invalid, or unenforceable as to any other circumstance. If feasible, the
      offending provision shall be considered modified so that it becomes legal,
      valid and enforceable. If the offending provision cannot be so modified,
      it shall be considered deleted from this Agreement. Unless otherwise
      required by law, the illegality, invalidity, or unenforceability of any
      provision of this Agreement shall not affect the legality, validity or
      enforceability of any other provision of this Agreement.

      SUBSIDIARIES AND AFFILIATES OF BORROWER. To the extent the context of any
      provisions of this Agreement makes it appropriate, including without
      limitation any representation, warranty or covenant, the word "Borrower"
      as used in this Agreement shall include all of Borrower's subsidiaries and
      affiliates. Notwithstanding the foregoing however, under no circumstances
      shall this Agreement be construed to require Lender to make any Loan or
      other financial accommodation to any of Borrower's subsidiaries or
      affiliates.

      SUCCESSORS AND ASSIGNS. All covenants and agreements by or on behalf of
      Borrower contained in this Agreement or any Related Documents shall bind
      Borrower's successors and assigns and shall inure to the benefit of Lender
      and its successors and assigns. Borrower shall not, however, have the
      right to assign Borrower's rights under this Agreement or any interest
      therein, without the prior written consent of Lender.

      SURVIVAL OF REPRESENTATIONS AND WARRANTIES. Borrower understands and
      agrees that in extending Loan Advances, Lender is relying on all
      representations, warranties, and covenants made by Borrower in this
      Agreement or in any certificate or other instrument delivered by Borrower
      to Lender under this Agreement or the Related Documents. Borrower further
      agrees that regardless of any investigation made by Lender, all such
      representations, warranties and covenants will survive the extension of
      Loan Advances and delivery to Lender of the Related Documents, shall be
      continuing in nature, shall be deemed made and redated by Borrower at the
      time each Loan Advance is made, and shall remain in full force and effect
      until such time as Borrower's Indebtedness shall be paid in full, or until
      this Agreement shall be terminated in the manner provided above, whichever
      is the last to occur.

      TIME IS OF THE ESSENCE. Time is of the essence in the performance of this
      Agreement.

      WAIVE JURY. ALL PARTIES TO THIS AGREEMENT HEREBY WAIVE THE RIGHT TO ANY
      JURY TRIAL IN ANY ACTION, PROCEEDING, OR COUNTERCLAIM BROUGHT BY ANY PARTY
      AGAINST ANY OTHER PARTY.

DEFINITIONS. The following capitalized words and terms shall have the following
meanings when used in this Agreement. Unless specifically stated to the
contrary, all references to dollar amounts shall mean amounts in lawful money of
the United States of America. Words and terms used in the singular shall include
the plural, and the plural shall include the singular, as the context may
require. Words and terms not otherwise defined in this Agreement shall have the
meanings attributed to such terms in the Uniform Commercial Code. Accounting
words and terms not otherwise defined in this Agreement shall have the meanings
assigned to them in accordance with generally accepted accounting principles as
in effect on the date of this Agreement:

      ADVANCE. The word "Advance" means a disbursement of Loan funds made, or to
      be made, to Borrower or on Borrower's behalf on a line of credit or
      multiple advance basis under the terms and conditions of this Agreement.

      AGREEMENT. The word "Agreement" means this Business Loan Agreement, as
      this Business Loan Agreement may be amended or modified from time to time,
      together with all exhibits and schedules attached to this Business Loan
      Agreement from time to time.

      BORROWER. The word "Borrower" means EvergreenBancorp, Inc. and includes
      all co-signers and co-makers signing the Note.

<PAGE>

                                                                          PAGE 6

                             BUSINESS LOAN AGREEMENT
LOAN NO: 11001                      (CONTINUED)

      COLLATERAL. The word "Collateral" means all property and assets granted as
      collateral security for a Loan, whether real or personal property, whether
      granted directly or indirectly, whether granted now or in the future, and
      whether granted in the form of a security interest, mortgage, collateral
      mortgage, deed of trust, assignment, pledge, crop pledge, chattel
      mortgage, collateral chattel mortgage, chattel trust, factor's lien,
      equipment trust, conditional sale, trust receipt, lien, charge, lien or
      title retention contract, lease or consignment intended as a security
      device, or any other security or lien interest whatsoever, whether created
      by law, contract, or otherwise.

      ENVIRONMENTAL LAWS. The words "Environmental Laws" mean any and all state,
      federal and local statutes, regulations and ordinances relating to the
      protection of human health or the environment, including without
      limitation the Comprehensive Environmental Response, Compensation, and
      Liability Act of 1980, as amended, 42 U.S.C. Section 9601, et seq.
      ("CERCLA"), the Superfund Amendments and Reauthorization Act of 1986, Pub.
      L. No. 99-499 ("SARA"), the Hazardous Materials Transportation Act, 49
      U.S.C. Section 1801, et seq., the Resource Conservation and Recovery Act,
      42 U.S.C. Section 6901, et seq., or other applicable state or federal
      laws, rules, or regulations adopted pursuant thereto.

      EVENT OF DEFAULT. The words "Event of Default" mean any of the events of
      default set forth in this Agreement in the default section of this
      Agreement.

      GAAP. The word "GAAP" means generally accepted accounting principles.

      GRANTOR. The word "Grantor" means each and all of the persons or entities
      granting a Security Interest in any Collateral for the Loan, including
      without limitation all Borrowers granting such a Security Interest.

      GUARANTOR. The word "Guarantor" means any guarantor, surety, or
      accommodation party of any or all of the Loan.

      GUARANTY. The word "Guaranty" means the guaranty from Guarantor to Lender,
      including without limitation a guaranty of all or part of the Note.

      HAZARDOUS SUBSTANCES. The words "Hazardous Substances" mean materials
      that, because of their quantity, concentration or physical, chemical or
      infectious characteristics, may cause or pose a present or potential
      hazard to human health or the environment when improperly used, treated,
      stored, disposed of, generated, manufactured, transported or otherwise
      handled. The words "Hazardous Substances" are used in their very broadest
      sense and include without limitation any and all hazardous or toxic
      substances, materials or waste as defined by or listed under the
      Environmental Laws. The term "Hazardous Substances" also includes, without
      limitation, petroleum and petroleum by-products or any fraction thereof
      and asbestos.

      INDEBTEDNESS. The word "Indebtedness" means the indebtedness evidenced by
      the Note or Related Documents, including all principal and interest
      together with all other indebtedness and costs and expenses for which
      Borrower is responsible under this Agreement or under any of the Related
      Documents.

      LENDER. The word "Lender" means KeyBank National Association, its
      successors and assigns.

      LOAN. The word "Loan" means any and all loans and financial accommodations
      from Lender to Borrower whether now or hereafter existing, and however
      evidenced, including without limitation those loans and financial
      accommodations described herein or described on any exhibit or schedule
      attached to this Agreement from time to time.

      NOTE. The word "Note" means the Note executed by EvergreenBancorp, Inc. in
      the principal amount of $5,000,000.00 dated January 26, 2005, together
      with all renewals of,.extensions of, modifications of, refinancings of,
      consolidations of, and substitutions for the note or credit agreement.

      PERMITTED LIENS. The words "Permitted Liens" mean (1) liens and security
      interests securing Indebtedness owed by Borrower to Lender; (2) liens for
      taxes, assessments, or similar charges either not yet due or being
      contested in good faith; (3) liens of materialmen, mechanics,
      warehousemen, or carriers, or other like liens arising in the ordinary
      course of business and securing obligations which are not yet delinquent;
      (4) purchase money liens or purchase money security interests upon or in
      any property acquired or held by Borrower in the ordinary course of
      business to secure indebtedness outstanding on the date of this Agreement
      or permitted to be incurred under the paragraph of this Agreement titled
      "Indebtedness and Liens"; (5) liens and security interests which, as of
      the date of this Agreement, have been disclosed to and approved by the
      Lender in writing; and (6) those liens and security interests which in the
      aggregate constitute an immaterial and insignificant monetary amount with
      respect to the net value of Borrower's assets.

      RELATED DOCUMENTS. The words "Related Documents" mean all promissory
      notes, credit agreements, loan agreements, environmental agreements,
      guaranties, security agreements, mortgages, deeds of trust, security
      deeds, collateral mortgages, and all other instruments, agreements and
      documents, whether now or hereafter existing, executed in connection with
      the Loan.

      SECURITY AGREEMENT. The words "Security Agreement" mean and include
      without limitation any agreements, promises, covenants, arrangements,
      understandings or other agreements, whether created by law, contract, or
      otherwise, evidencing, governing, representing, or creating a Security
      Interest.

      SECURITY INTEREST. The words "Security Interest" mean, without limitation,
      any and all types of collateral security, present and future, whether in
      the form of a lien, charge, encumbrance, mortgage, deed of trust, security
      deed, assignment, pledge, crop pledge, chattel mortgage, collateral
      chattel mortgage, chattel trust, factor's lien, equipment trust,
      conditional sale, trust receipt, lien or title retention contract, lease
      or consignment intended as a security device, or any other security or
      lien interest whatsoever whether created by law, contract, or otherwise.

BORROWER ACKNOWLEDGES HAVING READ ALL THE PROVISIONS OF THIS BUSINESS LOAN
AGREEMENT AND BORROWER AGREES TO ITS TERMS. THIS BUSINESS LOAN AGREEMENT IS
DATED JANUARY 26, 2005.

BORROWER:

EVERGREENBANCORP, INC.

<TABLE>
<S>                                                     <C>
BY: /s/ Gerald O. Hatler                                 BY: /s/ William G. Filer II
    ________________________________________________         _______________________________________________
    GERALD O. HATLER, PRESIDENT OF EVERGREENBANCORP,         WILLIAM G. FILER II, CHIEF FINANCIAL OFFICER OF
    INC.                                                     EVERGREENBANCORP, INC.
</TABLE>

<PAGE>

                                                                          PAGE 7

                             BUSINESS LOAN AGREEMENT
LOAN NO: 11001                      (CONTINUED)

LENDER:

KEYBANK NATIONAL ASSOCIATION

BY: /s/ Cortland D. Rounds
    ________________________________________________
    AUTHORIZED SIGNER

================================================================================
  LASER PRO Lending, Ver. 5.24.10.002 Copr. Harland Financial Solutions, Inc.
   1997, 2005. All Rights Reserved - WA N:\Lpro\CFI\LPL\C40.PC TR-83742 PR-3
<PAGE>

                                   [BAR CODE]

                          *31311385163500000110010D20*

                                 PROMISSORY NOTE

<TABLE>
<CAPTION>
PRINCIPAL       LOAN DATE     MATURITY    LOAN NO   CALL/COLL    ACCOUNTS     OFFICER   INITIALS
<S>             <C>          <C>          <C>       <C>         <C>           <C>       <C>
$5,000,000.00   01-26-2005   02-01-2006    11001     402/511    N3113851635    CDROD
</TABLE>

  References in the shaded area are for Lender's use only and do not limit the
         applicability of this document to any particular loan or item.
Any item above containing "***" has been omitted due to text length limitations.

BORROWER: EVERGREENBANCORP, INC.      LENDER: KEYBANK NATIONAL ASSOCIATION
          301 EASTLAKE AVENUE EAST            WA-CB-TACOMA CORRESPONDENT BANKING
          SEATTLE, WA  98109                  1101 PACIFIC AVE.
                                              1ST FLOOR
                                              TACOMA, WA 98402

<TABLE>
<S>                                <C>                     <C>
PRINCIPAL AMOUNT: $5,000,000.00    INITIAL RATE: 4.750%    DATE OF NOTE: JANUARY 26, 2005
</TABLE>

PROMISE TO PAY. EVERGREENBANCORP, INC. ("BORROWER") PROMISES TO PAY TO KEYBANK
NATIONAL ASSOCIATION ("LENDER"), OR ORDER, IN LAWFUL MONEY OF THE UNITED STATES
OF AMERICA, THE PRINCIPAL AMOUNT OF FIVE MILLION & 00/100 DOLLARS
($5,000,000.00) OR SO MUCH AS MAY BE OUTSTANDING, TOGETHER WITH INTEREST ON THE
UNPAID OUTSTANDING PRINCIPAL BALANCE OF EACH ADVANCE. INTEREST SHALL BE
CALCULATED FROM THE DATE OF EACH ADVANCE UNTIL REPAYMENT OF EACH ADVANCE.

PAYMENT. BORROWER WILL PAY THIS LOAN IN ONE PAYMENT OF ALL OUTSTANDING PRINCIPAL
PLUS ALL ACCRUED UNPAID INTEREST ON FEBRUARY 1, 2006. IN ADDITION, BORROWER WILL
PAY REGULAR QUARTERLY PAYMENTS OF ALL ACCRUED UNPAID INTEREST DUE AS OF EACH
PAYMENT DATE, BEGINNING MARCH 1, 2005, WITH ALL SUBSEQUENT INTEREST PAYMENTS TO
BE DUE ON THE SAME DAY OF EACH QUARTER AFTER THAT. UNLESS OTHERWISE AGREED OR
REQUIRED BY APPLICABLE LAW, PAYMENTS WILL BE APPLIED FIRST TO ANY ACCRUED UNPAID
INTEREST; THEN TO PRINCIPAL; THEN TO ANY UNPAID COLLECTION COSTS; AND THEN TO
ANY LATE CHARGES. THE ANNUAL INTEREST RATE FOR THIS NOTE IS COMPUTED ON A
365/360 BASIS; THAT IS, BY APPLYING THE RATIO OF THE ANNUAL INTEREST RATE OVER A
YEAR OF 360 DAYS, MULTIPLIED BY THE OUTSTANDING PRINCIPAL BALANCE, MULTIPLIED BY
THE ACTUAL NUMBER OF DAYS THE PRINCIPAL BALANCE IS OUTSTANDING. BORROWER WILL
PAY LENDER AT LENDER'S ADDRESS SHOWN ABOVE OR AT SUCH OTHER PLACE AS LENDER MAY
DESIGNATE IN WRITING.

VARIABLE INTEREST RATE. The interest rate on this Note is subject to change from
time to time based on changes in an index which is the Prime Rate announced by
Lender (the "Index"). The Index is not necessarily the lowest rate charged by
Lender on its loans and is set by Lender in its sole discretion. If the Index
becomes unavailable during the term of this loan, Lender may designate a
substitute index after notifying Borrower. Lender will tell Borrower the current
Index rate upon Borrower's request. The interest rate change will not occur more
often than each day that the Index changes. The interest rate will change
automatically and correspondingly on the date of each announced change of the
Index by Lender. Borrower understands that Lender may make loans based on other
rates as well. THE INDEX CURRENTLY IS 5.250% PER ANNUM. THE INTEREST RATE TO BE
APPLIED TO THE UNPAID PRINCIPAL BALANCE OF THIS NOTE WILL BE AT A RATE OF 0.500
PERCENTAGE POINTS UNDER THE INDEX, RESULTING IN AN INITIAL RATE OF 4.750% PER
ANNUM. NOTICE: Under no circumstances will the interest rate on this Note be
more than the maximum rate allowed by applicable law.

PREPAYMENT. Borrower may pay without penalty all or a portion of the amount owed
earlier than it is due. Early payments will not, unless agreed to by Lender in
writing, relieve Borrower of Borrower's obligation to continue to make payments
of accrued unpaid interest. Rather, early payments will reduce the principal
balance due. Borrower agrees not to send Lender payments marked "paid in full",
"without recourse", or similar language. If Borrower sends such a payment,
Lender may accept it without losing any of Lender's rights under this Note, and
Borrower will remain obligated to pay any further amount owed to Lender. All
written communications concerning disputed amounts, including any check or other
payment instrument that indicates that the payment constitutes "payment in full"
of the amount owed or that is tendered with other conditions or limitations or
as full satisfaction of a disputed amount must be mailed or delivered to:
KeyBank National Association, WA-CB-Tacoma Correspondent Banking, 1101 Pacific
Ave., 1st Floor, Tacoma, WA 98402.

LATE CHARGE. If a payment is 10 days or more late, Borrower will be charged
5.000% OF THE UNPAID PORTION OF THE REGULARLY SCHEDULED PAYMENT OR $50.00,
WHICHEVER IS GREATER.

INTEREST AFTER DEFAULT. Upon default, including failure to pay upon final
maturity, Lender, at its option, may, if permitted under applicable law,
increase the variable interest rate on this Note 3.000 percentage points. The
interest rate will not exceed the maximum rate permitted by applicable law.

DEFAULT. Each of the following shall constitute an event of default ("Event of
Default") under this Note:

      PAYMENT DEFAULT. Borrower fails to make any payment when due under this
      Note.

      OTHER DEFAULTS. Borrower fails to comply with or to perform any other
      term, obligation, covenant or condition contained in this Note or in any
      of the related documents or to comply with or to perform any term,
      obligation, covenant or condition contained in any other agreement between
      Lender and Borrower.

      DEFAULT IN FAVOR OF THIRD PARTIES. Borrower or any Grantor defaults under
      any loan, extension of credit, security agreement, purchase or sales
      agreement, or any other agreement, in favor of any other creditor or
      person that may materially affect any of Borrower's property or Borrower's
      ability to repay this Note or perform Borrower's obligations under this
      Note or any of the related documents.

      FALSE STATEMENTS. Any warranty, representation or statement made or
      furnished to Lender by Borrower or on Borrower's behalf under this Note or
      the related documents is false or misleading in any material respect,
      either now or at the time made or furnished or becomes false or misleading
      at any time thereafter.

      INSOLVENCY. The dissolution or termination of Borrower's existence as a
      going business, the insolvency of Borrower, the appointment of a receiver
      for any part of Borrower's property, any assignment for the benefit of
      creditors, any type of creditor workout, or the commencement of any
      proceeding under any bankruptcy or insolvency laws by or against Borrower.

      CREDITOR OR FORFEITURE PROCEEDINGS. Commencement of foreclosure or
      forfeiture proceedings, whether by judicial proceeding, self-help,
      repossession or any other method, by any creditor of Borrower or by any
      governmental agency against any collateral securing the loan. This
      includes a garnishment of any of Borrower's accounts, including deposit
      accounts, with Lender. However, this Event of Default shall not apply if
      there is a good faith dispute by Borrower as to the validity or
      reasonableness of the claim which is the basis of the creditor or
      forfeiture proceeding and if Borrower gives Lender written notice of the
      creditor or forfeiture proceeding and deposits with Lender monies or a
      surety bond for the creditor or forfeiture proceeding, in an amount
      determined by Lender, in its sole discretion, as being an adequate reserve
      or bond for the dispute.

<PAGE>

                                                                          PAGE 2

                                 PROMISSORY NOTE
LOAN NO: 11001                     (CONTINUED)

      EVENTS AFFECTING GUARANTOR. Any of the preceding events occurs with
      respect to any guarantor, endorser, surety, or accommodation party of any
      of the indebtedness or any guarantor, endorser, surety, or accommodation
      party dies or becomes incompetent, or revokes or disputes the validity of,
      or liability under, any guaranty of the indebtedness evidenced by this
      Note. In the event of a death, Lender, at its option, may, but shall not
      be required to, permit the guarantor's estate to assume unconditionally
      the obligations arising under the guaranty in a manner satisfactory to
      Lender, and, in doing so, cure any Event of Default.

      CHANGE IN OWNERSHIP. Any change in ownership of twenty-five percent (25%)
      or more of the common stock of Borrower.

      ADVERSE CHANGE. A material adverse change occurs in Borrower's financial
      condition, or Lender believes the prospect of payment or performance of
      this Note is impaired.

      INSECURITY. Lender in good faith believes itself insecure.

      CURE PROVISIONS. If any default, other than a default in payment or
      failure to satisfy Lender's requirement in the Insufficient Market Value
      of Securities section is curable and if Borrower has not been given a
      notice of a breach of the same provision of this Note within the preceding
      twelve (12) months, it may be cured if Borrower, after receiving written
      notice from Lender demanding cure of such default: (1) cures the default
      within fifteen (15) days; or (2) if the cure requires more than fifteen
      (15) days, immediately initiates steps which Lender deems in Lender's sole
      discretion to be sufficient to cure the default and thereafter continues
      and completes all reasonable and necessary steps sufficient to produce
      compliance as soon as reasonably practical.

LENDER'S RIGHTS. Upon default, Lender may declare the entire unpaid principal
balance on this Note and all accrued unpaid interest immediately due, and then
Borrower will pay that amount.

ATTORNEYS' FEES; EXPENSES. Lender may hire or pay someone else to help collect
this Note if Borrower does not pay. Borrower will pay Lender that amount. This
includes, subject to any limits under applicable law, Lender's attorneys' fees
and Lender's legal expenses, whether or not there is a lawsuit, including
attorneys' fees, expenses for bankruptcy proceedings (including efforts to
modify or vacate any automatic stay or injunction), and appeals. If not
prohibited by applicable law, Borrower also will pay any court costs, in
addition to all other sums provided by law.

JURY WAIVER. LENDER AND BORROWER HEREBY WAIVE THE RIGHT TO ANY JURY TRIAL IN ANY
ACTION, PROCEEDING, OR COUNTERCLAIM BROUGHT BY EITHER LENDER OR BORROWER AGAINST
THE OTHER.

GOVERNING LAW. THIS NOTE WILL BE GOVERNED BY, CONSTRUED AND ENFORCED IN
ACCORDANCE WITH FEDERAL LAW AND THE LAWS OF THE STATE OF WASHINGTON. THIS NOTE
HAS BEEN ACCEPTED BY LENDER IN THE STATE OF WASHINGTON.

DISHONORED ITEM FEE. Borrower will pay a fee to Lender of $20.00 if Borrower
makes a payment on Borrower's loan and the check or preauthorized charge with
which Borrower pays is later dishonored.

RIGHT OF SETOFF. To the extent permitted by applicable law, Lender reserves a
right of setoff in all Borrower's accounts with Lender (whether checking,
savings, or some other account). This includes all accounts Borrower holds
jointly with someone else and all accounts Borrower may open in the future.
However, this does not include any IRA or Keogh accounts, or any trust accounts
for which setoff would be prohibited by law. Borrower authorizes Lender, to the
extent permitted by applicable law, to charge or setoff all sums owing on the
indebtedness against any and all such accounts.

LINE OF CREDIT. This Note evidences a revolving line of credit. Advances under
this Note may be requested either orally or in writing by Borrower or as
provided in this paragraph. Lender may, but need not, require that all oral
requests be confirmed in writing. All communications, instructions, or
directions by telephone or otherwise to Lender are to be directed to Lender's
office shown above. The following persons currently are authorized to request
advances and authorize payments under the line of credit until Lender receives
from Borrower, at Lender's address shown above, written notice of revocation of
their authority: GERALD O. HATLER, PRESIDENT OF EVERGREENBANCORP, INC.; AND
WILLIAM G. FILER II, CHIEF FINANCIAL OFFICER OF EVERGREENBANCORP, INC. Borrower
agrees to be liable for all sums either: (A) advanced in accordance with the
instructions of an authorized person or (B) credited to any of Borrower's
accounts with Lender. The unpaid principal balance owing on this Note at any
time may be evidenced by endorsements on this Note or by Lender's internal
records, including daily computer print-outs. Lender will have no obligation to
advance funds under this Note if: (A) Borrower or any guarantor is in default
under the terms of this Note or any agreement that Borrower or any guarantor has
with Lender, including any agreement made in connection with the signing of this
Note; (B) Borrower or any guarantor ceases doing business or is insolvent; (C)
any guarantor seeks, claims or otherwise attempts to limit, modify or revoke
such guarantor's guarantee of this Note or any other loan with Lender; (D)
Borrower has applied funds provided pursuant to this Note for purposes other
than those authorized by Lender; or (E) Lender in good faith believes itself
insecure.

SUCCESSOR INTERESTS. The terms of this Note shall be binding upon Borrower, and
upon Borrower's heirs, personal representatives, successors and assigns, and
shall inure to the benefit of Lender and its successors and assigns.

GENERAL PROVISIONS. Lender may delay or forgo enforcing any of its rights or
remedies under this Note without losing them. Borrower and any other person who
signs, guarantees or endorses this Note, to the extent allowed by law, waive
presentment, demand for payment, and notice of dishonor. Upon any change in the
terms of this Note, and unless otherwise expressly stated in writing, no party
who signs this Note, whether as maker, guarantor, accommodation maker or
endorser, shall be released from liability. All such parties agree that Lender
may renew or extend (repeatedly and for any length of time) this loan or release
any party or guarantor or collateral; or impair, fail to realize upon or perfect
Lender's security interest in the collateral; and take any other action deemed
necessary by Lender without the consent of or notice to anyone. All such parties
also agree that Lender may modify this loan without the consent of or notice to
anyone other than the party with whom the modification is made. The obligations
under this Note are joint and several.

<PAGE>

                                                                          PAGE 3

                                 PROMISSORY NOTE
LOAN NO: 11001                     (CONTINUED)

PRIOR TO SIGNING THIS NOTE, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF
THIS NOTE, INCLUDING THE VARIABLE INTEREST RATE PROVISIONS. BORROWER AGREES TO
THE TERMS OF THE NOTE.

BORROWER ACKNOWLEDGES RECEIPT OF A COMPLETED COPY OF THIS PROMISSORY NOTE.

BORROWER:

EVERGREENBANCORP, INC.

<TABLE>
<S>                                                     <C>

BY: /s/ Gerald O. Hatler                               BY:  /s/ William G. Filer II
    ________________________________________________        _______________________________________________
    GERALD O. HATLER, PRESIDENT OF EVERGREENBANCORP,        WILLIAM G. FILER II, CHIEF FINANCIAL OFFICER OF
    INC.                                                    EVERGREENBANCORP, INC.
</TABLE>

================================================================================
  LASER PRO Lending, Ver. 5.24.10.002 Copr. Harland Financial Solutions, Inc.
   1997, 2005. All Rights Reserved - WA N:\Lpro\CFI\LPL\D20.PC TR-83742 PR-3
<PAGE>

                                   [BAR CODE]

                          *31311385163500000110010E60*

                           COMMERCIAL PLEDGE AGREEMENT

<TABLE>
<CAPTION>
Principal       Loan Date     Maturity    Loan No   Call/coll    Accounts     Officer   Initials
<S>             <C>          <C>          <C>       <C>         <C>           <C>       <C>
$5,000,000.00   01-26-2005   02-01-2006    11001     402/511    N3113851635    CDROD
</TABLE>

  References in the shaded area are for Lender's use only and do not limit the
         applicability of this document to any particular loan or item.
Any item above containing "***" has been omitted due to text length limitations.

GRANTOR: EVERGREENBANCORP, INC.       LENDER: KEYBANK NATIONAL ASSOCIATION
         301 EASTLAKE AVENUE EAST             WA-CB-TACOMA CORRESPONDENT BANKING
         SEATTLE, WA  98109                   1101 PACIFIC AVE.
                                              1ST FLOOR
                                              TACOMA, WA 98402

THIS COMMERCIAL PLEDGE AGREEMENT DATED JANUARY 26, 2005, IS MADE AND EXECUTED
BETWEEN EVERGREENBANCORP, INC. ("GRANTOR") AND KEYBANK NATIONAL ASSOCIATION
("LENDER").

GRANT OF SECURITY INTEREST. FOR VALUABLE CONSIDERATION, GRANTOR GRANTS TO LENDER
A SECURITY INTEREST IN THE COLLATERAL TO SECURE THE INDEBTEDNESS AND AGREES THAT
LENDER SHALL HAVE THE RIGHTS STATED IN THIS AGREEMENT WITH RESPECT TO THE
COLLATERAL, IN ADDITION TO ALL OTHER RIGHTS WHICH LENDER MAY HAVE BY LAW.

COLLATERAL DESCRIPTION. The word "Collateral" as used in this Agreement means
all of Grantor's property (however owned if more than one), in the possession
of, or subject to the control of, Lender (or in the possession of, or subject to
the control of, a third party subject to the control of Lender), whether
existing now or later and whether tangible or intangible in character, including
without limitation each and all of the following:

      622,762 SHARES OF EVERGREEN BANK STOCK, ISSUED IN THE NAME OF
      EVERGREENBANCORP, INC., ISSUED ON JUNE 20, 2001, CUSIP NO. 300186103

In addition, the word "Collateral" includes all of Grantor's property (however
owned), in the possession of, or subject to the control of, Lender (or in the
possession of, or subject to the control of, a third party subject to the
control of Lender), whether now or hereafter existing and whether tangible or
intangible in character, including without limitation each of the following:

      (A) ALL PROPERTY TO WHICH LENDER ACQUIRES TITLE OR DOCUMENTS OF TITLE.

      (B) ALL PROPERTY ASSIGNED TO LENDER.

      (C) ALL PROMISSORY NOTES, BILLS OF EXCHANGE, STOCK CERTIFICATES, BONDS,
      INVESTMENT PROPERTY, SAVINGS PASSBOOKS, TIME CERTIFICATES OF DEPOSIT,
      INSURANCE POLICIES, AND ALL OTHER INSTRUMENTS AND EVIDENCES OF AN
      OBLIGATION.

      (D) ALL RECORDS RELATING TO ANY OF THE PROPERTY DESCRIBED IN THIS
      COLLATERAL SECTION, WHETHER IN THE FORM OF A WRITING, MICROFILM,
      MICROFICHE, OR ELECTRONIC MEDIA.

      (E) ALL INCOME AND PROCEEDS FROM THE COLLATERAL AS DEFINED HEREIN.

CROSS-COLLATERALIZATION. In addition to the Note, this Agreement secures all
obligations, debts and liabilities, plus interest thereon, of Grantor to Lender,
or any one or more of them, as well as all claims by Lender against Grantor or
any one or more of them, whether now existing or hereafter arising, whether
related or unrelated to the purpose of the Note, whether voluntary or otherwise,
whether due or not due, direct or indirect, determined or undetermined, absolute
or contingent, liquidated or unliquidated whether Grantor may be liable
individually or jointly with others, whether obligated as guarantor, surety,
accommodation party or otherwise, and whether recovery upon such amounts may be
or hereafter may become barred by any statute of limitations, and whether the
obligation to repay such amounts may be or hereafter may become otherwise
unenforceable.

RIGHT OF SETOFF. To the extent permitted by applicable law, Lender reserves a
right of setoff in all Grantor's accounts with Lender (whether checking,
savings, or some other account). This includes all accounts Grantor holds
jointly with someone else and all accounts Grantor may open in the future.
However, this does not include any IRA or Keogh accounts, or any trust accounts
for which setoff would be prohibited by law. Grantor authorizes Lender, to the
extent permitted by applicable law, to charge or setoff all sums owing on the
Indebtedness against any and all such accounts.

REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE COLLATERAL. Grantor
represents and warrants to Lender that:

      OWNERSHIP. Grantor is the lawful owner of the Collateral free and clear of
      all security interests, liens, encumbrances and claims of others except as
      disclosed to and accepted by Lender in writing prior to execution of this
      Agreement.

      RIGHT TO PLEDGE. Grantor has the full right, power and authority to enter
      into this Agreement and to pledge the Collateral.

      AUTHORITY; BINDING EFFECT. Grantor has the full right, power and authority
      to enter into this Agreement and to grant a security interest in the
      Collateral to Lender. This Agreement is binding upon Grantor as well as
      Grantor's successors and assigns, and is legally enforceable in accordance
      with its terms. The foregoing representations and warranties, and all
      other representations and warranties contained in this Agreement are and
      shall be continuing in nature and shall remain in full force and effect
      until such time as this Agreement is terminated or cancelled as provided
      herein.

      NO FURTHER ASSIGNMENT. Grantor has not, and shall not, sell, assign,
      transfer, encumber or otherwise dispose of any of Grantor's rights in the
      Collateral except as provided in this Agreement.

      NO DEFAULTS. There are no defaults existing under the Collateral, and
      there are no offsets or counterclaims to the same. Grantor will strictly
      and promptly perform each of the terms, conditions, covenants and
      agreements, if any, contained in the Collateral which are to be performed
      by Grantor.

      NO VIOLATION. The execution and delivery of this Agreement will not
      violate any law or agreement governing Grantor or to which Grantor is a
      party, and its certificate or articles of incorporation and bylaws do not
      prohibit any term or condition of this Agreement.

      FINANCING STATEMENTS. Grantor authorizes Lender to file a UCC financing
      statement, or alternatively, a copy of this Agreement to perfect

<PAGE>

                                                                          PAGE 2

                           COMMERCIAL PLEDGE AGREEMENT
LOAN NO: 11001                      (CONTINUED)

      Lender's security interest. At Lender's request, Grantor additionally
      agrees to sign all other documents that are necessary to perfect, protect,
      and continue Lender's security interest in the Property. Grantor will pay
      all filing fees, title transfer fees, and other fees and costs involved
      unless prohibited by law or unless Lender is required by law to pay such
      fees and costs. Grantor irrevocably appoints Lender to execute documents
      necessary to transfer title if there is a default. Lender may file a copy
      of this Agreement as a financing statement. If Grantor changes Grantor's
      name or address, or the name or address of any person granting a security
      interest under this Agreement changes, Grantor will promptly notify the
      Lender of such change.

LENDER'S RIGHTS AND OBLIGATIONS WITH RESPECT TO THE COLLATERAL. Lender may hold
the Collateral until all Indebtedness has been paid and satisfied. Thereafter
Lender may deliver the Collateral to Grantor or to any other owner of the
Collateral. Lender shall have the following rights in addition to all other
rights Lender may have by law:

      MAINTENANCE AND PROTECTION OF COLLATERAL. Lender may, but shall not be
      obligated to, take such steps as it deems necessary or desirable to
      protect, maintain, insure, store, or care for the Collateral, including
      paying of any liens or claims against the Collateral. This may include
      such things as hiring other people, such as attorneys, appraisers or other
      experts. Lender may charge Grantor for any cost incurred in so doing. When
      applicable law provides more than one method of perfection of Lender's
      security interest, Lender may choose the method(s) to be used. If the
      Collateral consists of stock, bonds or other securities for which no
      certificate has been issued, Grantor agrees, at Lender's request, either
      to request issuance of an appropriate certificate or to give instructions
      on Lender's forms to the issuer, transfer agent, mutual fund company, or
      broker, as the case may be, to record on its books or records Lender's
      security interest in the Collateral.

      INCOME AND PROCEEDS FROM THE COLLATERAL. Lender may receive all Income and
      Proceeds and add it to the Collateral. Grantor agrees to deliver to Lender
      immediately upon receipt, in the exact form received and without
      commingling with other property, all Income and Proceeds from the
      Collateral which may be received by, paid, or delivered to Grantor or for
      Grantor's account, whether as an addition to, in discharge of, in
      substitution of, or in exchange for any of the Collateral.

      APPLICATION OF CASH. At Lender's option, Lender may apply any cash,
      whether included in the Collateral or received as Income and Proceeds or
      through liquidation, sale, or retirement, of the Collateral, to the
      satisfaction of the Indebtedness or such portion thereof as Lender shall
      choose, whether or not matured.

      TRANSACTIONS WITH OTHERS. Lender may (1) extend time for payment or other
      performance, (2) grant a renewal or change in terms or conditions, or (3)
      compromise, compound or release any obligation, with any one or more
      Obligors, endorsers, or Guarantors of the Indebtedness as Lender deems
      advisable, without obtaining the prior written consent of Grantor, and no
      such act or failure to act shall affect Lender's rights against Grantor or
      the Collateral.

      ALL COLLATERAL SECURES INDEBTEDNESS. All Collateral shall be security for
      the Indebtedness, whether the Collateral is located at one or more offices
      or branches of Lender. This will be the case whether or not the office or
      branch where Grantor obtained Grantor's loan knows about the Collateral or
      relies upon the Collateral as security.

      COLLECTION OF COLLATERAL. Lender at Lender's option may, but need not,
      collect the Income and Proceeds directly from the Obligors. Grantor
      authorizes and directs the Obligors, if Lender decides to collect the
      Income and Proceeds, to pay and deliver to Lender all Income and Proceeds
      from the Collateral and to accept Lender's receipt for the payments.

      POWER OF ATTORNEY. Grantor irrevocably appoints Lender as Grantor's
      attorney-in-fact, with full power of substitution, (a) to demand, collect,
      receive, receipt for, sue and recover all Income and Proceeds and other
      sums of money and other property which may now or hereafter become due,
      owing or payable from the Obligors in accordance with the terms of the
      Collateral; (b) to execute, sign and endorse any and all instruments,
      receipts, checks, drafts and warrants issued in payment for the
      Collateral; (c) to settle or compromise any and all claims arising under
      the Collateral, and in the place and stead of Grantor, execute and deliver
      Grantor's release and acquittance for Grantor; (d) to file any claim or
      claims or to take any action or institute or take part in any proceedings,
      either in Lender's own name or in the name of Grantor, or otherwise, which
      in the discretion of Lender may seem to be necessary or advisable; and (e)
      to execute in Grantor's name and to deliver to the Obligors on Grantor's
      behalf, at the time and in the manner specified by the Collateral, any
      necessary instruments or documents.

      PERFECTION OF SECURITY INTEREST. Upon Lender's request, Grantor will
      deliver to Lender any and all of the documents evidencing or constituting
      the Collateral. When applicable law provides more than one method of
      perfection of Lender's security interest, Lender may choose the method(s)
      to be used. Upon Lender's request, Grantor will sign and deliver any
      writings necessary to perfect Lender's security interest. If any of the
      Collateral consists of investment property for which no certificate has
      been issued, Grantor agrees, at Lender's option, either to request
      issuance of an appropriate certificate or to execute appropriate
      instructions on Lender's forms instructing the issuer, transfer agent,
      mutual fund company, or broker, as the case may be, to record on its books
      or records, by book-entry or otherwise, Lender's security interest in the
      Collateral. Grantor hereby appoints Lender as Grantor's irrevocable
      attorney-in-fact for the purpose of executing any documents necessary to
      perfect, amend, or to continue the security interest granted in this
      Agreement or to demand termination of filings of other secured parties.
      THIS IS A CONTINUING SECURITY AGREEMENT AND WILL CONTINUE IN EFFECT EVEN
      THOUGH ALL OR ANY PART OF THE INDEBTEDNESS IS PAID IN FULL AND EVEN THOUGH
      FOR A PERIOD OF TIME GRANTOR MAY NOT BE INDEBTED TO LENDER.

LENDER'S EXPENDITURES. If any action or proceeding is commenced that would
materially affect Lender's interest in the Collateral or if Grantor fails to
comply with any provision of this Agreement or any Related Documents, including
but not limited to Grantor's failure to discharge or pay when due any amounts
Grantor is required to discharge or pay under this Agreement or any Related
Documents, Lender on Grantor's behalf may (but shall not be obligated to) take
any action that Lender deems appropriate, including but not limited to
discharging or paying all taxes, liens, security interests, encumbrances and
other claims, at any time levied or placed on the Collateral and paying all
costs for insuring, maintaining and preserving the Collateral. All such
expenditures incurred or paid by Lender for such purposes will then bear
interest at the rate charged under the Note from the date incurred or paid by
Lender to the date of repayment by Grantor. All such expenses will become a part
of the Indebtedness and, at Lender's option, will (A) be payable on demand; (B)
be added to the balance of the Note and be apportioned among and be payable with
any installment payments to become due during either (1) the term of any
applicable insurance policy; or (2) the remaining term of the Note; or (C) be
treated as a balloon payment which will be due and payable at the Note's
maturity. The Agreement also will secure payment of these amounts. Such right
shall be in addition to all other rights and remedies to which Lender may be
entitled upon Default.

LIMITATIONS ON OBLIGATIONS OF LENDER. Lender shall use ordinary reasonable care
in the physical preservation and custody of the Collateral in Lender's
possession, but shall have no other obligation to protect the Collateral or its
value. In particular, but without limitation, Lender shall have no
responsibility for (A) any depreciation in value of the Collateral or for the
collection or protection of any Income and Proceeds from the Collateral, (B)
preservation of rights against parties to the Collateral or against third
persons, (C) ascertaining any maturities, calls, conversions, exchanges, offers,
tenders, or similar matters relating to any of the Collateral, or (D) informing
Grantor about any

<PAGE>

                                                                          PAGE 3

                           COMMERCIAL PLEDGE AGREEMENT
LOAN NO: 11001                      (CONTINUED)

of the above, whether or not Lender has or is deemed to have knowledge of such
matters. Except as provided above, Lender shall have no liability for
depreciation or deterioration of the Collateral.

DEFAULT. Each of the following shall constitute an Event of Default under this
Agreement:

      PAYMENT DEFAULT. Grantor fails to make any payment when due under the
      Indebtedness.

      OTHER DEFAULTS. Grantor fails to comply with or to perform any other term,
      obligation, covenant or condition contained in this Agreement or in any of
      the Related Documents or to comply with or to perform any term,
      obligation, covenant or condition contained in any other agreement between
      Lender and Grantor.

      DEFAULT IN FAVOR OF THIRD PARTIES. Should Grantor or any Grantor default
      under any loan, extension of credit, security agreement, purchase or sales
      agreement, or any other agreement, in favor of any other creditor or
      person that may materially affect any of Grantor's property or Grantor's
      or any Grantor's ability to repay the Indebtedness or perform their
      respective obligations under this Agreement or any of the Related
      Documents.

      FALSE STATEMENTS. Any warranty, representation or statement made or
      furnished to Lender by Grantor or on Grantor's behalf under this Agreement
      or the Related Documents is false or misleading in any material respect,
      either now or at the time made or furnished or becomes false or misleading
      at any time thereafter.

      DEFECTIVE COLLATERALIZATION. This Agreement or any of the Related
      Documents ceases to be in full force and effect (including failure of any
      collateral document to create a valid and perfected security interest or
      lien) at any time and for any reason.

      INSOLVENCY. The dissolution or termination of Grantor's existence as a
      going business, the insolvency of Grantor, the appointment of a receiver
      for any part of Grantor's property, any assignment for the benefit of
      creditors, any type of creditor workout, or the commencement of any
      proceeding under any bankruptcy or insolvency laws by or against Grantor.

      CREDITOR OR FORFEITURE PROCEEDINGS. Commencement of foreclosure or
      forfeiture proceedings, whether by judicial proceeding, self-help,
      repossession or any other method, by any creditor of Grantor or by any
      governmental agency against any collateral securing the Indebtedness. This
      includes a garnishment of any of Grantor's accounts, including deposit
      accounts, with Lender. However, this Event of Default shall not apply if
      there is a good faith dispute by Grantor as to the validity or
      reasonableness of the claim which is the basis of the creditor or
      forfeiture proceeding and if Grantor gives Lender written notice of the
      creditor or forfeiture proceeding and deposits with Lender monies or a
      surety bond for the creditor or forfeiture proceeding, in an amount
      determined by Lender, in its sole discretion, as being an adequate reserve
      or bond for the dispute.

      EVENTS AFFECTING GUARANTOR. Any of the preceding events occurs with
      respect to any guarantor, endorser, surety, or accommodation party of any
      of the Indebtedness or guarantor, endorser, surety, or accommodation party
      dies or becomes incompetent or revokes or disputes the validity of, or
      liability under, any Guaranty of the Indebtedness.

      ADVERSE CHANGE. A material adverse change occurs in Grantor's financial
      condition, or Lender believes the prospect of payment or performance of
      the Indebtedness is impaired.

      INSECURITY. Lender in good faith believes itself insecure.

      CURE PROVISIONS. If any default, other than a default in payment or
      failure to satisfy Lender's requirement in the Insufficient Market Value
      of Securities section is curable and if Grantor has not been given a
      notice of a breach of the same provision of this Agreement within the
      preceding twelve (12) months, it may be cured if Grantor, after receiving
      written notice from Lender demanding cure of such default: (1) cures the
      default within fifteen (15) days; or (2) if the cure requires more than
      fifteen (15) days, immediately initiates steps which Lender deems in
      Lender's sole discretion to be sufficient to cure the default and
      thereafter continues and completes all reasonable and necessary steps
      sufficient to produce compliance as soon as reasonably practical.

RIGHTS AND REMEDIES ON DEFAULT. If an Event of Default occurs under this
Agreement, at any time thereafter, Lender may exercise any one or more of the
following rights and remedies:

      ACCELERATE INDEBTEDNESS. Declare all Indebtedness, including any
      prepayment penalty which Grantor would be required to pay, immediately due
      and payable, without notice of any kind to Grantor.

      COLLECT THE COLLATERAL. Collect any of the Collateral and, at Lender's
      option and to the extent permitted by applicable law, retain possession of
      the Collateral while suing on the Indebtedness.

      SELL THE COLLATERAL. Sell the Collateral, at Lender's discretion, as a
      unit or in parcels, at one or more public or private sales. Unless the
      Collateral is perishable or threatens to decline speedily in value or is
      of a type customarily sold on a recognized market, Lender shall give or
      mail to Grantor, and other persons as required by law, notice at least ten
      (10) days in advance of the time and place of any public sale, or of the
      time after which any private sale may be made. However, no notice need be
      provided to any person who, after an Event of Default occurs, enters into
      and authenticates an agreement waiving that person's right to notification
      of sale. Grantor agrees that any requirement of reasonable notice as to
      Grantor is satisfied if Lender mails notice by ordinary mail addressed to
      Grantor at the last address Grantor has given Lender in writing. If a
      public sale is held, there shall be sufficient compliance with all
      requirements of notice to the public by a single publication in any
      newspaper of general circulation in the county where the Collateral is
      located, setting forth the time and place of sale and a brief description
      of the property to be sold. Lender may be a purchaser at any public sale.

      SELL SECURITIES. Sell any securities included in the Collateral in a
      manner consistent with applicable federal and state securities laws. If,
      because of restrictions under such laws, Lender is unable, or believes
      Lender is unable, to sell the securities in an open market transaction,
      Grantor agrees that Lender will have no obligation to delay sale until the
      securities can be registered. Then Lender may make a private sale to one
      or more persons or to a restricted group of persons, even though such sale
      may result in a price that is less favorable than might be obtained in an
      open market transaction. Such a sale will be considered commercially
      reasonable. If any securities held as Collateral are "restricted
      securities" as defined in the Rules of the Securities and Exchange
      Commission (such as Regulation D or Rule 144) or the rules of state
      securities departments under state "Blue Sky" laws, or if Grantor or any
      other owner of the Collateral is an affiliate of the issuer of the
      securities, Grantor agrees that neither Grantor, nor any member of
      Grantor's family, nor any other person signing this Agreement will sell or
      dispose of any securities of such issuer without obtaining Lender's prior
      written consent.

      RIGHTS AND REMEDIES WITH RESPECT TO INVESTMENT PROPERTY, FINANCIAL ASSETS
      AND RELATED COLLATERAL. In addition to other rights and remedies granted
      under this Agreement and under applicable law, Lender may exercise any or
      all of the following rights and remedies: (1) register with any issuer or
      broker or other securities intermediary any of the Collateral consisting
      of investment property or financial assets (collectively herein,
      "investment property") in Lender's sole name or in the name of Lender's
      broker, agent or nominee; (2) cause any

<PAGE>

                                                                          PAGE 4

                           COMMERCIAL PLEDGE AGREEMENT
LOAN NO: 11001                      (CONTINUED)

      issuer, broker or other securities intermediary to deliver to Lender any
      of the Collateral consisting of securities, or investment property capable
      of being delivered; (3) enter into a control agreement or power of
      attorney with any issuer or securities intermediary with respect to any
      Collateral consisting of investment property, on such terms as Lender may
      deem appropriate, in its sole discretion, including without limitation, an
      agreement granting to Lender any of the rights provided hereunder without
      further notice to or consent by Grantor; (4) execute any such control
      agreement on Grantor's behalf and in Grantor's name, and hereby
      irrevocably appoints Lender as agent and attorney-in-fact, coupled with an
      interest, for the purpose of executing such control agreement on Grantor's
      behalf; (5) exercise any and all rights of Lender under any such control
      agreement or power of attorney; (6) exercise any voting, conversion,
      registration, purchase, option, or other rights with respect to any
      Collateral; (7) collect, with or without legal action, and issue receipts
      concerning any notes, checks, drafts, remittances or distributions that
      are paid or payable with respect to any Collateral consisting of
      investment property. Any control agreement entered with respect to any
      investment property shall contain the following provisions, at Lender's
      discretion. Lender shall be authorized to instruct the issuer, broker or
      other securities intermediary to take or to refrain from taking such
      actions with respect to the investment property as Lender may instruct,
      without further notice to or consent by Grantor. Such actions may include
      without limitation the issuance of entitlement orders, account
      instructions, general trading or buy or sell orders, transfer and
      redemption orders, and stop loss orders. Lender shall be further entitled
      to instruct the issuer, broker or securities intermediary to sell or to
      liquidate any investment property, or to pay the cash surrender or account
      termination value with respect to any and all investment property, and to
      deliver all such payments and liquidation proceeds to Lender. Any such
      control agreement shall contain such authorizations as are necessary to
      place Lender in "control" of such investment collateral, as contemplated
      under the provisions of the Uniform Commercial Code, and shall fully
      authorize Lender to issue "entitlement orders" concerning the transfer,
      redemption, liquidation or disposition of investment collateral, in
      conformance with the provisions of the Uniform Commercial Code.

      FORECLOSURE. Maintain a judicial suit for foreclosure and sale of the
      Collateral.

      TRANSFER TITLE. Effect transfer of title upon sale of all or part of the
      Collateral. For this purpose, Grantor irrevocably appoints Lender as
      Grantor's attorney-in-fact to execute endorsements, assignments and
      instruments in the name of Grantor and each of them (if more than one) as
      shall be necessary or reasonable.

      OTHER RIGHTS AND REMEDIES. Have and exercise any or all of the rights and
      remedies of a secured creditor under the provisions of the Uniform
      Commercial Code, at law, in equity, or otherwise.

      APPLICATION OF PROCEEDS. Apply any cash which is part of the Collateral,
      or which is received from the collection or sale of the Collateral, to
      reimbursement of any expenses, including any costs for registration of
      securities, commissions incurred in connection with a sale, attorneys'
      fees and court costs, whether or not there is a lawsuit and including any
      fees on appeal, incurred by Lender in connection with the collection and
      sale of such Collateral and to the payment of the Indebtedness of Grantor
      to Lender, with any excess funds to be paid to Grantor as the interests of
      Grantor may appear. Grantor agrees, to the extent permitted by law, to pay
      any deficiency after application of the proceeds of the Collateral to the
      Indebtedness.

      ELECTION OF REMEDIES. Except as may be prohibited by applicable law, all
      of Lender's rights and remedies, whether evidenced by this Agreement, the
      Related Documents, or by any other writing, shall be cumulative and may be
      exercised singularly or concurrently. Election by Lender to pursue any
      remedy shall not exclude pursuit of any other remedy, and an election to
      make expenditures or to take action to perform an obligation of Grantor
      under this Agreement, after Grantor's failure to perform, shall not affect
      Lender's right to declare a default and exercise its remedies.

ADDITIONAL EVENT OF DEFAULT. In addition to the above DEFAULT provisions, the
following shall constitute an Event of Default under this Agreement:

      INSUFFICIENT MARKET VALUE OF SECURITIES.

      The Indebtedness to market value of Collateral percentage exceeds 50%; and
      the event of a deterioration of the market value of the Collateral,
      Grantor does not, by the close of business on the next business day after
      Grantor has received notice from Lender of such deterioration, either (1)
      reduce the amount of the Indebtedness as required by Lender or (2) pledge
      or grant an additional security interest to increase the value of the
      Collateral as required by Lender.

MISCELLANEOUS PROVISIONS. The following miscellaneous provisions are a part of
this Agreement:

      AMENDMENTS. This Agreement, together with any Related Documents,
      constitutes the entire understanding and agreement of the parties as to
      the matters set forth in this Agreement. No alteration of or amendment to
      this Agreement shall be effective unless given in writing and signed by
      the party or parties sought to be charged or bound by the alteration or
      amendment.

      ATTORNEYS' FEES; EXPENSES. Grantor agrees to pay upon demand all of
      Lender's costs and expenses, including Lender's attorneys' fees and
      Lender's legal expenses, incurred in connection with the enforcement of
      this Agreement. Lender may hire or pay someone else to help enforce this
      Agreement, and Grantor shall pay the costs and expenses of such
      enforcement. Costs and expenses include Lender's attorneys' fees and legal
      expenses whether or not there is a lawsuit, including attorneys' fees and
      legal expenses for bankruptcy proceedings (including efforts to modify or
      vacate any automatic stay or injunction), appeals, and any anticipated
      post-judgment collection services. Grantor also shall pay all court costs
      and such additional fees as may be directed by the court.

      CAPTION HEADINGS. Caption headings in this Agreement are for convenience
      purposes only and are not to be used to interpret or define the provisions
      of this Agreement.

      GOVERNING LAW. THIS AGREEMENT WILL BE GOVERNED BY, CONSTRUED AND ENFORCED
      IN ACCORDANCE WITH FEDERAL LAW AND THE LAWS OF THE STATE OF WASHINGTON.
      THIS AGREEMENT HAS BEEN ACCEPTED BY LENDER IN THE STATE OF WASHINGTON.

      NO WAIVER BY LENDER. Lender shall not be deemed to have waived any rights
      under this Agreement unless such waiver is given in writing and signed by
      Lender. No delay or omission on the part of Lender in exercising any right
      shall operate as a waiver of such right or any other right. A waiver by
      Lender of a provision of this Agreement shall not prejudice or constitute
      a waiver of Lender's right otherwise to demand strict compliance with that
      provision or any other provision of this Agreement. No prior waiver by
      Lender, nor any course of dealing between Lender and Grantor, shall
      constitute a waiver of any of Lender's rights or of any of Grantor's
      obligations as to any future transactions. Whenever the consent of Lender
      is required under this Agreement, the granting of such consent by Lender
      in any instance shall not constitute continuing consent to subsequent
      instances where such consent is required and in all cases such consent may
      be granted or withheld in the sole discretion of Lender.

      PREFERENCE PAYMENTS. Any monies Lender pays because of an asserted
      preference claim in Grantor's bankruptcy will become a part of the
      Indebtedness and, at Lender's option, shall be payable by Grantor as
      provided in this Agreement.

<PAGE>

                                                                          PAGE 5

                           COMMERCIAL PLEDGE AGREEMENT
LOAN NO: 11001                      (CONTINUED)

      NOTICES. Subject to applicable law, and except for notice required or
      allowed by law to be given in another manner, any notice required to be
      given under this Agreement shall be given in writing, and shall be
      effective when actually delivered, when actually received by telefacsimile
      (unless otherwise required by law), when deposited with a nationally
      recognized overnight courier, or, if mailed, when deposited in the United
      States mail, as first class, certified or registered mail postage prepaid,
      directed to the addresses shown near the beginning of this Agreement. Any
      party may change its address for notices under this Agreement by giving
      formal written notice to the other parties, specifying that the purpose of
      the notice is to change the party's address. For notice purposes, Grantor
      agrees to keep Lender informed at all times of Grantor's current address.
      Subject to applicable law, and except for notice required or allowed by
      law to be given in another manner, if there is more than one Grantor, any
      notice given by Lender to any Grantor is deemed to be notice given to all
      Grantors.

      WAIVER OF CO-OBLIGOR'S RIGHTS. If more than one person is obligated for
      the Indebtedness, Grantor irrevocably waives, disclaims and relinquishes
      all claims against such other person which Grantor has or would otherwise
      have by virtue of payment of the Indebtedness or any part thereof,
      specifically including but not limited to all rights of indemnity,
      contribution or exoneration.

      SEVERABILITY. If a court of competent jurisdiction finds any provision of
      this Agreement to be illegal, invalid, or unenforceable as to any
      circumstance, that finding shall not make the offending provision illegal,
      invalid, or unenforceable as to any other circumstance. If feasible, the
      offending provision shall be considered modified so that it becomes legal,
      valid and enforceable. If the offending provision cannot be so modified,
      it shall be considered deleted from this Agreement. Unless otherwise
      required by law, the illegality, invalidity, or unenforceability of any
      provision of this Agreement shall not affect the legality, validity or
      enforceability of any other provision of this Agreement.

      SUCCESSORS AND ASSIGNS. Subject to any limitations stated in this
      Agreement on transfer of Grantor's interest, this Agreement shall be
      binding upon and inure to the benefit of the parties, their successors and
      assigns. If ownership of the Collateral becomes vested in a person other
      than Grantor, Lender, without notice to Grantor, may deal with Grantor's
      successors with reference to this Agreement and the Indebtedness by way of
      forbearance or extension without releasing Grantor from the obligations of
      this Agreement or liability under the Indebtedness.

      TIME IS OF THE ESSENCE. Time is of the essence in the performance of this
      Agreement.

      WAIVE JURY. ALL PARTIES TO THIS AGREEMENT HEREBY WAIVE THE RIGHT TO ANY
      JURY TRIAL IN ANY ACTION, PROCEEDING, OR COUNTERCLAIM BROUGHT BY ANY PARTY
      AGAINST ANY OTHER PARTY.

DEFINITIONS. The following capitalized words and terms shall have the following
meanings when used in this Agreement. Unless specifically stated to the
contrary, all references to dollar amounts shall mean amounts in lawful money of
the United States of America. Words and terms used in the singular shall include
the plural, and the plural shall include the singular, as the context may
require. Words and terms not otherwise defined in this Agreement shall have the
meanings attributed to such terms in the Uniform Commercial Code:

      AGREEMENT. The word "Agreement" means this Commercial Pledge Agreement, as
      this Commercial Pledge Agreement may be amended or modified from time to
      time, together with all exhibits and schedules attached to this Commercial
      Pledge Agreement from time to time.

      BORROWER. The word "Borrower" means EvergreenBancorp, Inc. and includes
      all co-signers and co-makers signing the Note.

      COLLATERAL. The word "Collateral" means all of Grantor's right, title and
      interest in and to all the Collateral as described in the Collateral
      Description section of this Agreement.

      DEFAULT. The word "Default" means the Default set forth in this Agreement
      in the section titled "Default".

      EVENT OF DEFAULT. The words "Event of Default" mean any of the events of
      default set forth in this Agreement in the default section of this
      Agreement.

      GRANTOR. The word "Grantor" means EvergreenBancorp, Inc..

      GUARANTY. The word "Guaranty" means the guaranty from guarantor, endorser,
      surety, or accommodation party to Lender, including without limitation a
      guaranty of all or part of the Note.

      INCOME AND PROCEEDS. The words "Income and Proceeds" mean all present and
      future income, proceeds, earnings, increases, and substitutions from or
      for the Collateral of every kind and nature, including without limitation
      all payments, interest, profits, distributions, benefits, rights, options,
      warrants, dividends, stock dividends, stock splits, stock rights,
      regulatory dividends, subscriptions, monies, claims for money due and to
      become due, proceeds of any insurance on the Collateral, shares of stock
      of different par value or no par value issued in substitution or exchange
      for shares included in the Collateral, and all other property Grantor is
      entitled to receive on account of such Collateral, including accounts,
      documents, instruments, chattel paper, investment property, and general
      intangibles.

      INDEBTEDNESS. The word "Indebtedness" means the indebtedness evidenced by
      the Note or Related Documents, including all principal and interest
      together with all other indebtedness and costs and expenses for which
      Grantor is responsible under this Agreement or under any of the Related
      Documents.

      LENDER. The word "Lender" means KeyBank National Association, its
      successors and assigns.

      NOTE. The word "Note" means the Note executed by EvergreenBancorp, Inc. in
      the principal amount of $5,000,000.00 dated January 26, 2005, together
      with all renewals of, extensions of, modifications of, refinancings of,
      consolidations of, and substitutions for the note or credit agreement.

      OBLIGOR. The word "Obligor" means without limitation any and all persons
      obligated to pay money or to perform some other act under the Collateral.

      PROPERTY. The word "Property" means all of Grantor's right, title and
      interest in and to all the Property as described in the "Collateral
      Description" section of this Agreement.

      RELATED DOCUMENTS. The words "Related Documents" mean all promissory
      notes, credit agreements, loan agreements, environmental agreements,
      guaranties, security agreements, mortgages, deeds of trust, security
      deeds, collateral mortgages, and all other instruments, agreements and
      documents, whether now or hereafter existing, executed in connection with
      the Indebtedness.

GRANTOR HAS READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS COMMERCIAL PLEDGE
AGREEMENT AND AGREES TO ITS TERMS. THIS AGREEMENT IS DATED JANUARY 26, 2005.

<PAGE>

                                                                          PAGE 6

                           COMMERCIAL PLEDGE AGREEMENT
LOAN NO: 11001                      (CONTINUED)

GRANTOR:

EVERGREENBANCORP, INC.

<TABLE>
<S>                                                     <C>
BY: Gerald O. Hatler                                     BY: /s/ William G. Filer II
    ________________________________________________         ___________________________________________________
    GERALD O. HATLER, PRESIDENT OF EVERGREENBANCORP,         WILLIAM G. FILER II, CHIEF FINANCIAL OFFICER OF
    INC.                                                     EVERGREENBANCORP, INC.
</TABLE>

================================================================================
  LASER PRO Lending, Ver. 5.24.10.002 Copr. Harland Financial Solutions, Inc.
   1997, 2005. All Rights Reserved - WA N:\Lpro\CFI\LPL\E60.PC TR-83742 PR-3
<PAGE>

                                                 F.R. U-1
                                                 O.M.B. No. 7100-0115
                                                 Approval expires April 30, 2005

                BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM

     STATEMENT OF PURPOSE FOR AN EXTENSION OF CREDIT SECURED BY MARGIN STOCK
                           (FEDERAL RESERVE FORM U-1)

                          KEYBANK NATIONAL ASSOCIATION
                          ----------------------------
                                  Name of Bank

This report is required by law (15 U.S.C. 78g and 78w; 12 CFR 221).

The Federal Reserve may not conduct or sponsor, and an organization (or a
person) is not required to respond to, a collection of information unless it
displays a currently valid OMB control number.

Public reporting burden for this collection of information is estimated to
average 10 minutes per response, including the time to gather and maintain data
in the required form and to review instructions and complete the information
collection. Send comments regarding this burden estimate, including suggestions
for reducing this burden, to Secretary, Board of Governors of the Federal
Reserve System, 20th and C Streets, N.W., Washington, D.C. 20551; and to the
Office of Management and Budget, Paperwork Reduction Project (7100-0115),
Washington, D.C. 20503.

INSTRUCTIONS

1. This form must be completed when a bank extends credit in excess of $100,000
secured directly or indirectly, in whole or in part, by any margin stock.

2. The term "margin stock" is defined in Regulation U (12 CFR 221) and includes,
principally: (1) stocks that are registered on a national securities exchange;
(2) debt securities (bonds) that are convertible into margin stocks; (3) any
over-the-counter security designated as qualified for trading in the National
Market System under a designation plan approved by the Securities and Exchange
Commission (NMS security); and (4) shares of most mutual funds, unless 95
percent of the assets of the fund are continuously invested in U.S. government,
agency, state, or municipal obligations.

3. Please print or type (if space is inadequate, attach separate sheet).

PART I To be completed by borrower(s)

1. What is the amount of the credit being extended? ____________________________

2. Will any part of this credit be used to purchase or carry margin stock?
[ ] Yes [ ] No

If the answer is "no", describe the specific purpose of the credit. ____________
________________________________________________________________________________
________________________________________________________________________________
________________________________________________________________________________

I (We) have read this form and certify that to the best of my (our) knowledge
and belief the information given is true, accurate, and complete, and that the
margin stock and any other securities collateralizing this credit are authentic,
genuine, unaltered, and not stolen, forged, or counterfeit.

Signed:                                     Signed:

/s/ Gerald O. Hatler      4/1/05            /s/ William G. Filer II     4/1/05
_________________________________           ___________________________________
Borrower's Signature         Date           Borrower's Signature          Date

Gerald O. Hatler                            William G. Filer II
_________________________________           ___________________________________
Print or Type Name                          Print or Type Name

                    This form should not be signed if blank.

    A BORROWER WHO FALSELY CERTIFIES THE PURPOSE OF A CREDIT ON THIS FORM OR
OTHERWISE WILLFULLY OR INTENTIONALLY EVADES THE PROVISIONS OF REGULATION U WILL
  ALSO VIOLATE FEDERAL RESERVE REGULATION X, "BORROWERS OF SECURITIES CREDIT."

<PAGE>

                                                                     F.R. U-1
                                                                     PAGE 2 OF 2

PART II To be completed by bank only if the purpose of the credit is to purchase
or carry margin securities (Part I (2) answered "yes")

1. List the margin stock securing this credit; do not include debt securities
convertible into margin stock. The maximum loan value of margin stock is 50
percent of its current market value under the current Supplement to Regulation
U.

<TABLE>
<CAPTION>
                                         Date and source
No. of                  Market price       of valuation           Total market
shares      Issue        per share       (See note below)        value per issue
------      -----        ----------      ----------------        ---------------
<S>         <C>          <C>             <C>                     <C>
</TABLE>

2. List the debt securities convertible into margin stock securing this credit.
The maximum loan value of such debt securities is 50 percent of the current
market value under the current Supplement to Regulation U.

<TABLE>
<CAPTION>
                                                  Date and source
Principal                                         of valuation          Total market
 amount         Issue          Market price     (See note below)       value per issue
 ------         -----          ------------     ----------------       ---------------
<S>             <C>            <C>              <C>                    <C>
</TABLE>

3. List other collateral including nonmargin stock securing this credit.

<TABLE>
<CAPTION>
                                         Date and source
                                          of valuation           Good faith
Describe briefly      Market price      (See note below)         loan value
----------------      ------------      ----------------         ----------
<S>                   <C>               <C>                      <C>
</TABLE>

Note: Bank need not complete "Date and source of valuation" if the market value
was obtained from regularly published information in a journal of general
circulation or automated quotation system.

PART III To be signed by a bank officer in all instances

I am a duly authorized representative of the bank and understand that this
credit secured by margin stock may be subject to the credit restrictions of
Regulation U. I have read this form and any attachments, and I have accepted the
customer's statement in Part I in good faith as required by Regulation U*; and I
certify that to the best of my knowledge and belief, all the information given
is true, accurate, and complete. I also certify that if any securities that
directly secure the credit are not or will not be registered in the name of the
borrower or its nominee, I have or will cause to have examined the written
consent of the registered owner to pledge such securities. I further certify
that any securities that have been or will be physically delivered to the bank
in connection with this credit have been or will be examined, that all
validation procedures required by bank policy and the Securities Exchange Act of
1934 (section 17 (f), as amended) have been or will be performed, and that I am
satisfied to the best of my knowledge and belief that such securities are
genuine and not stolen or forged and their faces have not been altered.

                                          Signed:

         4/7/05                           /s/ Cortland D. Rounds
__________________________________        _________________________________
Date                                      Bank officer's signature

     VP/RM                                   Cortland D. Rounds
__________________________________        _________________________________
Title                                     Print or type name

----------
* To accept the customer's statement in good faith, the officer of the bank must
be alert to the circumstances surrounding the credit and, if in possession of
any information that would cause a prudent person not to accept the statement
without inquiry, must have investigated and be satisfied that the statement is
truthful. Among the facts which would require such investigation are receipt of
the statement through the mail or from a third party.

  THIS FORM MUST BE RETAINED BY THE LENDER FOR THREE YEARS AFTER THE CREDIT IS
                                 EXTINGUISHED.

<PAGE>

                                   [BAR CODE]

                          *31311385163500000110010E80*

              IRREVOCABLE STOCK OR BOND POWER OR ENTITLEMENT ORDER

FOR VALUE RECEIVED, the undersigned hereby sell, assign and transfer to ________
________________________________________________________________________________

Please insert Social Security
or Taxpayer I.D. Number       [              ]

FOR STOCKS, COMPLETE THIS PORTION: ___________________ share(s) of the
_______________ stock of ___________________________________________
________________________________________________________________________________
represented by Certificate No. ____________________ ________________________,
standing in the name of the undersigned on the books of the Company.

FOR BONDS, COMPLETE THIS PORTION: ___________________________ bond(s) of
_____________________________________________________________ in the principal
amount of $____________________, No. ________________________________________,
standing in the name of the undersigned on the books of said Company.

FOR OTHER INVESTMENT COLLATERAL, COMPLETE THIS PORTION:

Account No. ___________, of ____________________________________________________
                           (NAME AND ADDRESS OF INTERMEDIARY OR ISSUER)

______________________, including all investment Collateral in the account and
free credit balances.

The undersigned hereby irrevocably constitute and appoint _____________________
attorney to transfer the above stock or bond or other investment Collateral, as
the case may be, on the books of said Company, with full power of substitution
in the premises.

DATED ________________________

SIGNATURE(S) GUARANTEED BY:

 SIGNATURE _________________________          SIGNATURE ________________________

                           IMPORTANT - READ CAREFULLY

 The signature(s) must correspond with the name(s) as written upon the face of
the certificate or bond in every particular without alteration or enlargement or
 any change whatever, and must be guaranteed by a bank or registered securities
                                    dealer.

================================================================================
  LASER PRO Lending, Ver. 5.24.10.002 Copr. Harland Financial Solutions, Inc.
   1997, 2005. All Rights Reserved - WA N:\Lpro\CFI\LPL\E80.PC TR-83742 PR-3
<PAGE>

                                   [BAR CODE]

                          *31311385163500000110010C10*

                CORPORATE RESOLUTION TO BORROW / GRANT COLLATERAL

<TABLE>
<CAPTION>
   PRINCIPAL         LOAN DATE      MATURITY     LOAN NO    CALL/COLL     ACCOUNT        OFFICER
$ 5,000,000.00      01-26-2005     02-01-2006     11001      402/511    N3113851635       CDROD    INITIALS
--------------      ----------     ----------    --------   ---------   -----------      -------   --------
<S>                 <C>            <C>           <C>        <C>         <C>              <C>       <C>
</TABLE>

  References in the shaded area are for Lender's use only and do not limit the
 applicability of this document to any particular loan or item. Any item above
       containing "***" has been omitted due to text length limitations.

CORPORATION: EVERGREENBANCORP, INC.   LENDER: KEYBANK NATIONAL ASSOCIATION
             301 EASTLAKE AVENUE              WA-CB-TACOMA CORRESPONDENT BANKING
             EAST SEATTLE, WA 98109           1101 PACIFIC AVE.
                                              1ST FLOOR
                                              TACOMA, WA  98402

WE, THE UNDERSIGNED, DO HEREBY CERTIFY THAT:

THE CORPORATION'S EXISTENCE. The complete and correct name of the Corporation is
EvergreenBancorp, Inc. ("Corporation"). The Corporation is a corporation for
profit which is, and at all times shall be, duly organized, validly existing,
and in good standing under and by virtue of the laws of the State of Washington.
The Corporation has the full power and authority to own its properties and to
transact the business in which it is presently engaged or presently proposes to
engage. The Corporation maintains an office at 301 Eastlake Avenue East,
Seattle, WA 98109. Unless the Corporation has designated otherwise in writing,
the principal office is the office at which the Corporation keeps its books and
records. The Corporation will notify Lender prior to any change in the location
of The Corporation's state of organization or any change in The Corporation's
name. The Corporation shall do all things necessary to preserve and to keep in
full force and effect its existence, rights and privileges, and shall comply
with all regulations, rules, ordinances, statutes, orders and decrees of any
governmental or quasi-governmental authority or court applicable to the
Corporation and The Corporation's business activities.

RESOLUTIONS ADOPTED. At a meeting of the Directors of the Corporation, or if the
Corporation is a close corporation having no Board of Directors then at a
meeting of the Corporation's shareholders, duly called and held on JANUARY 26,
2005, at which a quorum was present and voting, or by other duly authorized
action in lieu of a meeting, the resolutions set forth in this Resolution were
adopted.

OFFICERS. The following named persons are officers of EvergreenBancorp, Inc.:

<TABLE>
<CAPTION>
NAMES                               TITLES             AUTHORIZED                 ACTUAL SIGNATURES
-----                               ------             ----------                 -----------------
<S>                           <C>                      <C>                  <C>
GERALD O. HATLER              PRESIDENT                    Y                X  /s/ Gerald O. Hatler
                                                                             _______________________________

WILLIAM G. FILER II           CHIEF FINANCIAL OFFICER      Y                X  /s/ William G. Filer II
                                                                             _______________________________
</TABLE>

ACTIONS AUTHORIZED. Any two (2) of the authorized persons listed above may enter
into any agreements of any nature with Lender, and those agreements will bind
the Corporation. Specifically, but without limitation, any two (2) of such
authorized persons are authorized, empowered, and directed to do the following
for and on behalf of the Corporation:

      BORROW MONEY. To borrow, as a cosigner or otherwise, from time to time
      from Lender, on such terms as may be agreed upon between the Corporation
      and Lender, such sum or sums of money as in their judgment should be
      borrowed, without limitation.

      EXECUTE NOTES. To execute and deliver to Lender the promissory note or
      notes, or other evidence of the Corporation's credit accommodations, on
      Lender's forms, at such rates of interest and on such terms as may be
      agreed upon, evidencing the sums of money so borrowed or any of the
      Corporation's indebtedness to Lender, and also to execute and deliver to
      Lender one or more renewals, extensions, modifications, refinancings,
      consolidations, or substitutions for one or more of the notes, any portion
      of the notes, or any other evidence of credit accommodations.

      GRANT SECURITY. To mortgage, pledge, transfer, endorse, hypothecate, or
      otherwise encumber and deliver to Lender any property now or hereafter
      belonging to the Corporation or in which the Corporation now or hereafter
      may have an interest, including without limitation all of the
      Corporation's real property and all of the Corporation's personal property
      (tangible or intangible), as security for the payment of any loans or
      credit accommodations so obtained, any promissory notes so executed
      (including any amendments to or modifications, renewals, and extensions of
      such promissory notes), or any other or further indebtedness of the
      Corporation to Lender at any time owing, however the same may be
      evidenced. Such property may be mortgaged, pledged, transferred, endorsed,
      hypothecated or encumbered at the time such loans are obtained or such
      indebtedness is incurred, or at any other time or times, and may be either
      in addition to or in lieu of any property theretofore mortgaged, pledged,
      transferred, endorsed, hypothecated or encumbered.

      EXECUTE SECURITY DOCUMENTS. To execute and deliver to Lender the forms of
      mortgage, deed of trust, pledge agreement, hypothecation agreement, and
      other security agreements and financing statements which Lender may
      require and which shall evidence the terms and conditions under and
      pursuant to which such liens and encumbrances, or any of them, are given;
      and also to execute and deliver to Lender any other written instruments,
      any chattel paper, or any other collateral, of any kind or nature, which
      Lender may deem necessary or proper in connection with or pertaining to
      the giving of the liens and encumbrances. Notwithstanding the foregoing,
      any one of the above authorized persons may execute, deliver, or record
      financing statements.

      NEGOTIATE ITEMS. To draw, endorse, and discount with Lender all drafts,
      trade acceptances, promissory notes, or other evidences of indebtedness
      payable to or belonging to the Corporation or in which the Corporation may
      have an interest, and either to receive cash for the same or to cause such
      proceeds to be credited to the Corporation's account with Lender, or to
      cause such other disposition of the proceeds derived therefrom as they may
      deem advisable.

      FURTHER ACTS. In the case of lines of credit, to designate additional or
      alternate individuals as being authorized to request advances under such
      lines, and in all cases, to do and perform such other acts and things, to
      pay any and all fees and costs, and to execute and deliver such other
      documents and agreements, INCLUDING AGREEMENTS WAIVING THE RIGHT TO A
      TRIAL BY JURY, as the officers may in their discretion deem reasonably
      necessary or proper in order to carry into effect the provisions of this
      Resolution. The following persons currently are authorized to request
      advances and authorize payments under the line of credit until Lender
      receives from the Corporation, at Lender's address shown above, written
      notice of revocation of their authority: GERALD O. HATLER, PRESIDENT OF
      EVERGREENBANCORP, INC.; AND WILLIAM G. FILER II, CHIEF FINANCIAL OFFICER
      OF EVERGREENBANCORP, INC.

<PAGE>

               CORPORATE RESOLUTION TO BORROW / GRANT COLLATERAL

LOAN NO: 11001                  (CONTINUED)                               PAGE 2

ASSUMED BUSINESS NAMES. The Corporation has filed or recorded all documents or
filings required by law relating to all assumed business names used by the
Corporation. Excluding the name of the Corporation, the following is a complete
list of all assumed business names under which the Corporation does business:
NONE.

NOTICES TO LENDER. The Corporation will promptly notify Lender in writing at
Lender's address shown above (or such other addresses as Lender may designate
from time to time) prior to any (A) change in the Corporation's name; (B) change
in the Corporation's assumed business name(s); (C) change in the management of
the Corporation; (D) change in the authorized signer(s); (E) change in the
Corporation's principal office address; (F) change in the Corporation's state of
organization; (G) conversion of the Corporation to a new or different type of
business entity; or (H) change in any other aspect of the Corporation that
directly or indirectly relates to any agreements between the Corporation and
Lender. No change in the Corporation's name or state of organization will take
effect until after Lender has received notice.

CERTIFICATION CONCERNING OFFICERS AND RESOLUTIONS. The officers named above are
duly elected, appointed, or employed by or for the Corporation, as the case may
be, and occupy the positions set opposite their respective names. This
Resolution now stands of record on the books of the Corporation, is in full
force and effect, and has not been modified or revoked in any manner whatsoever.

NO CORPORATE SEAL. The Corporation has no corporate seal, and therefore, no seal
is affixed to this Resolution.

CONTINUING VALIDITY. Any and all acts authorized pursuant to this Resolution and
performed prior to the passage of this Resolution are hereby ratified and
approved. This Resolution shall be continuing, shall remain in full force and
effect and Lender may rely on it until written notice of its revocation shall
have been delivered to and received by Lender at Lender's address shown above
(or such addresses as Lender may designate from time to time). Any such notice
shall not affect any of the Corporation's agreements or commitments in effect at
the time notice is given.

IN TESTIMONY WHEREOF, WE HAVE HEREUNTO SET OUR HAND AND ATTEST THAT THE
SIGNATURES SET OPPOSITE THE NAMES LISTED ABOVE ARE THEIR GENUINE SIGNATURES.

WE EACH HAVE READ ALL THE PROVISIONS OF THIS RESOLUTION, AND WE EACH PERSONALLY
AND ON BEHALF OF THE CORPORATION CERTIFY THAT ALL STATEMENTS AND REPRESENTATIONS
MADE IN THIS RESOLUTION ARE TRUE AND CORRECT. THIS CORPORATE RESOLUTION TO
BORROW / GRANT COLLATERAL IS DATED JANUARY 26, 2005.

                                CERTIFIED TO AND ATTESTED BY:

                                BY:  /s/ Denice M. Town
                                   ____________________________________________
                                   AUTHORIZED SIGNER FOR EVERGREENBANCORP, INC.

                                BY:  /s/ Stan W. McNaughton
                                   ____________________________________________
                                   AUTHORIZED SIGNER FOR EVERGREENBANCORP, INC.

NOTE: If the officers signing this Resolution are designated by the foregoing
document as one of the officers authorized to act on the Corporation's behalf,
it is advisable to have this Resolution signed by at least one non-authorized
officer of the Corporation.

================================================================================
  LASER PRO Lending, Ver. 5.24.10.002 Copr. Harland Financial Solutions, Inc.
   1997, 2005. All Rights Reserved - WA N:\Lpro\CFI\LPL\C10.PC TR-83742 PR-3
<PAGE>

                                                              NUMBER: __________

                                   [BAR CODE]

                          *31311385163500000110010G50*

                               COLLATERAL RECEIPT

<TABLE>
<CAPTION>
  PRINCIPAL        LOAN DATE        MATURITY      LOAN NO    CALL/COLL      ACCOUNT      OFFICER
$5,000,000,00      01-26-2005      02-01-2006      11001      402/511     N3113851635     CDROD    INITIALS
-------------      ----------      ----------      -----      -------     -----------     -----    --------
<S>                <C>             <C>             <C>       <C>          <C>            <C>       <C>
</TABLE>

  References in the shaded area are for Lender's use only and do not limit the
 applicability of this document to any particular loan or item. Any item above
       containing "***" has been omitted due to text length limitations.

GRANTOR: EVERGREENBANCORP, INC.     LENDER: KEYBANK NATIONAL ASSOCIATION
         301 EASTLAKE AVENUE EAST           WA-CB-TACOMA CORRESPONDENT BANKING
         SEATTLE, WA 98109                  1101 PACIFIC AVE.
                                            1ST FLOOR
                                            TACOMA, WA 98402

<TABLE>
<CAPTION>
                                                         CUSTODY CONTROL
            DESCRIPTION OF COLLATERAL                      SIGNATURES      DATE RELEASED
            -------------------------                      ----------      -------------
<S>                                                      <C>               <C>
622,762 Shares of Evergreen Bank Stock, issued in the
name of EvergreenBancorp, Inc., issued on June 20,
2001, Cusip No. 300186103
</TABLE>

<TABLE>
<S>                                        <C>                                      <C>
INITIAL DELIVERY ACKNOWLEDGEMENTS:         RETURN RECEIPT ACKNOWLEDGEMENT:          INSTRUCTIONS FOR RETURNING COLLATERAL AND
                                                                                    DISPOSITION OF COUPONS:__________________

GRANTOR: /s/ Gerald O. Hatler              GRANTOR ACKNOWLEDGES THE RECEIPT OF ALL
         /s/ William G. Filer II           COLLATERAL, INCLUDING ALL UNMATURED      _________________________________________
         ________________________________  COUPONS, IF ANY.
              (Grantor's Signature)

KEYBANK NATIONAL ASSOCIATION                                                        _________________________________________

BY: /s/ Cortland D. Rounds                  x
   _____________________________________    _____________________________________   _________________________________________
          (Authorized Officer)                       (Grantor's Signature)
</TABLE>

================================================================================
  LASER PRO Lending. Ver. 5.24.10.002 Copr. Harland Financial Solutions, Inc.
   1997, 2005. All Rights Reserved. - WA N:\Lpro\CFI\LPL\G50.PC TR-83742 PR-3
<PAGE>

                                   [BAR CODE]

                          *31311385163500000110010I20*

                     DISBURSEMENT REQUEST AND AUTHORIZATION

<TABLE>
<CAPTION>
  PRINCIPAL        LOAN DATE        MATURITY       LOAN NO     CALL/COLL      ACCOUNT      OFFICER
$5,000,000.00     01-26-2005       02-01-2006       11001       402/511     N3113851635     CDROM       INITIALS
-------------     ----------       ----------       -----       -------     -----------     -----       --------
<S>               <C>              <C>             <C>         <C>          <C>            <C>          <C>
</TABLE>

    References in the shaded area are for Lender's use only and do not limit
     the applicability of this document to any particular loan or item. Any
         item above containing "***" has been omitted due to text length
                                  limitations.

BORROWER: EVERGREENBANCORP, INC.     LENDER: KEYBANK NATIONAL ASSOCIATION
          301 EASTLAKE AVENUE EAST           WA-CB-TACOMA CORRESPONDENT BANKING
          SEATTLE, WA 98109                  1101 PACIFIC AVE.
                                             1ST FLOOR
                                             TACOMA, WA 98402

LOAN TYPE. This is a Variable Rate Nondisclosable Revolving Line of Credit Loan
to a Corporation for $5,000,000.00 due on February 1, 2006. The reference rate
(Prime Rate announced by Lender, currently 5.250%) is added to the margin of
-0.500%, resulting in an initial rate of 4.750.

PRIMARY PURPOSE OF LOAN. The primary purpose of this loan is for:

      [ ]   PERSONAL, FAMILY, OR HOUSEHOLD PURPOSES OR PERSONAL INVESTMENT.

      [X]   BUSINESS (INCLUDING REAL ESTATE INVESTMENT).

SPECIFIC PURPOSE. The specific purpose of this loan is: Working Capital.

DISBURSEMENT INSTRUCTIONS. Borrower understands that no loan proceeds will be
disbursed until all of Lender's conditions for making the loan have been
satisfied. Please disburse the loan proceeds of $5,000,000.00 as follows:

<TABLE>
<S>                                                         <C>
UNDISBURSED FUNDS:                                          $5,000,000.00
                                                            -------------
NOTE PRINCIPAL:                                             $5,000,000.00
</TABLE>

CHARGES PAID IN CASH. Borrower has paid or will pay in cash as agreed the
following charges:

<TABLE>
<S>                                                         <C>
PREPAID FINANCE CHARGES PAID IN CASH:                       $     0.00
OTHER CHARGES PAID IN CASH:                                 $12,500.00
   $12,500.00 LOAN ORIGINATION FEE
                                                            ----------
TOTAL CHARGES PAID IN CASH:                                 $12,500.00
</TABLE>

FINANCIAL CONDITION. BY SIGNING THIS AUTHORIZATION, BORROWER REPRESENTS AND
WARRANTS TO LENDER THAT THE INFORMATION PROVIDED ABOVE IS TRUE AND CORRECT AND
THAT THERE HAS BEEN NO MATERIAL ADVERSE CHANGE IN BORROWER'S FINANCIAL CONDITION
AS DISCLOSED IN BORROWER'S MOST RECENT FINANCIAL STATEMENT TO LENDER. THIS
AUTHORIZATION IS DATED JANUARY 26, 2005.

BORROWER:

EVERGREENBANCORP, INC.

BY: /s/ Gerald O. Hatler               BY:  /s/ William G. Filer II
   _____________________________           ____________________________________
   GERALD O.HATLER, PRESIDENT OF           WILLIAM G. FILER II, CHIEF FINANCIAL
   EVERGREENBANCORP, INC.                  OFFICER OF EVERGREENBANCORP, INC.

================================================================================
  LASER PRO Lending. Ver. 5.24.10.002 Copr. Harland Financial Solutions, Inc.
   1997, 2005. All Rights Reserved. - WA N:\Lpro\CFI\LPL\I20.PC TR-83742 PR-3
<PAGE>

             COMMERCIAL TELEPHONE ADVANCE/PAYDOWN AUTHORIZATION FORM

<TABLE>
<CAPTION>
  PRINCIPAL       LOAN DATE        MATURITY     LOAN NO   CALL/COLL    ACCOUNT      OFFICER
$5,000,000.00     01-26-2005      02-01-2006     11001     402/511   N3113851635     CDROD    INITIALS
-------------     ----------      ----------    --------  ---------  -----------    -------   --------
<S>               <C>             <C>           <C>       <C>        <C>            <C>       <C>
</TABLE>

  References in the shaded area are for Lender's use only and do not limit the
 applicability of this document to any particular loan or item. Any item above
       containing "***" has been omitted due to text length limitations.

BORROWER: EVERGREENBANCORP, INC.     LENDER: KEYBANK NATIONAL ASSOCIATION
          301 EASTLAKE AVENUE EAST           WA-CB-TACOMA CORRESPONDENT BANKING
          SEATTLE, WA 98109                  1101 PACIFIC AVE.
                                             1ST FLOOR
                                             TACOMA, WA 98402

THIS COMMERCIAL TELEPHONE ADVANCE/PAYDOWN AUTHORIZATION FORM IS ATTACHED TO AND
BY THIS REFERENCE IS MADE A PART OF THE DISBURSEMENT REQUEST AND AUTHORIZATION,
DATED JANUARY 26, 2005, AND EXECUTED IN CONNECTION WITH A LOAN OR OTHER
FINANCIAL ACCOMMODATIONS BETWEEN KEYBANK NATIONAL ASSOCIATION AND
EVERGREENBANCORP, INC.

DATE: KEYCENTER/COMMERCIAL BANKING CENTER NAME:

BANK #:               PREPARED BY:              TELEPHONE #:

The undersigned Borrower ("Borrower") hereby authorizes KeyBank ("Bank") to
transfer funds between the accounts identified below pursuant to telephone
instructions from the Authorized Caller(s) listed below. Borrower warrants that
it is the owner of all checking accounts listed below and that all Authorized
Callers listed below are authorized to withdraw funds from such checking
accounts. Borrower agrees that it will be liable for all sums transferred
pursuant to this Authorization and that all transfers will also be subject to
the terms of the Promissory Note(s) evidencing the loan accounts referenced
below. Borrower agrees that Bank is not obligated to honor telephone
instructions made pursuant hereto if Borrower fails to maintain adequate funds
to cover requested transfers, and Bank shall not be liable for dishonor of
checks or other items due to insufficient funds caused by following the
instructions of Borrower hereunder. Borrower hereby releases the Bank from any
and all costs or damages which may arise out of any actions taken by Bank in
complying (or attempting to comply) with this authority until written
cancellation of this authority is received by the Bank.

Please select one of the choices for the Advance/Paydown authorization
information to reflect the following:

________Customer Declines Advance/Paydown Functionality

________Add           ____Change          ____Delete

<TABLE>
<S>                                           <C>
_______________________________________       _______________________________________
Authorized Caller (please print or type)      Authorized Caller (please print or type)

_______________________________________       ________________________________________
Authorized Caller (please print or type)      Authorized Caller (please print or type)

_______________________________________       ________________________________________
Authorized Caller (please print or type)      Authorized Caller (please print or type)
</TABLE>

List of Accounts Authorized for Advance/Paydown Transactions:

<TABLE>
<CAPTION>
Customer Number     Loan Number     Checking Account Number
<S>                 <C>             <C>

_______________     ___________     _______________________

                    ___________     _______________________

                    ___________     _______________________

                    ___________     _______________________
</TABLE>

                                    NEW LOANS
              Return To Loan Services With Completed Loan Documents

                     EXISTING LOANS/CREDIT LINE APPLICATIONS
                Please Fax Completed Form To Appropriate Region:
                       Northeast & Midwest - 800-539-2507
                   Rocky Mountain & Northwest - 800-574-0634.

<PAGE>

             COMMERCIAL TELEPHONE ADVANCE/PAYDOWN AUTHORIZATION FORM

LOAN NO: 11001                     (CONTINUED)                            PAGE 2

THIS COMMERCIAL TELEPHONE ADVANCE/PAYDOWN AUTHORIZATION FORM IS EXECUTED ON
JANUARY 26, 2005.

BORROWER:

EVERGREENBANCORP, INC.

BY: /s/ Gerald O. Hatler
    __________________________________________
    GERALD O. HATLER, PRESIDENT OF
    EVERGREENBANCORP, INC.

BY: /s/ William G. Filer II
    ________________________________________________
    WILLIAM G. FILER II, CHIEF FINANCIAL OFFICER
    OF EVERGREENBANCORP, INC.

================================================================================
  LASER PRO Lending. Ver. 5.24.10.002 Copr. Harland Financial Solutions, Inc.
   1997, 2005. All Rights Reserved. - WA N:\Lpro\CFI\LPL\I20.PC TR-83742 PR-3
<PAGE>

                                   [BAR CODE]

                          *31311385163500000110010I21*

                            NOTICE OF FINAL AGREEMENT

<TABLE>
<CAPTION>
  PRINCIPAL        LOAN DATE       MATURITY      LOAN NO      CALL/COLL       ACCOUNT      OFFICER
$5,000,000.00     01-269-2005     02-01-2006      11001        402/511      N3113851635     CDROD     INITIALS
-------------     -----------     ----------     -------      ---------     -----------    -------    --------
<S>               <C>             <C>            <C>          <C>           <C>            <C>        <C>
</TABLE>

  References in the shaded area are for Lender's use only and do not limit the
 applicability of this document to any particular loan or item. Any item above
       containing "***" has been omitted due to text length limitations.

BORROWER: EVERGREENBANCORP, INC.     LENDER: KEYBANK NATIONAL ASSOCIATION
          301 EASTLAKE AVENUE EAST           WA-CB-TACOMA CORRESPONDENT BANKING
          SEATTLE, WA 98109                  1101 PACIFIC AVE.
                                             1ST FLOOR
                                             TACOMA, WA 98402

ORAL AGREEMENTS OR ORAL COMMITMENTS TO LOAN MONEY, EXTEND CREDIT, OR TO FORBEAR
FROM ENFORCING REPAYMENT OF A DEBT ARE NOT ENFORCEABLE UNDER WASHINGTON LAW.

BY SIGNING THIS DOCUMENT EACH PARTY ACKNOWLEDGES RECEIPT OF THE ABOVE NOTICE. IN
ADDITION (AND NOT AS A LIMITATION ON THE LEGAL EFFECT OF THE NOTICE), BY SIGNING
THIS DOCUMENT EACH PARTY REPRESENTS AND AGREES THAT: (a) THE WRITTEN LOAN
AGREEMENT REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES, (b) THERE ARE NO
UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES, AND (c) THE WRITTEN LOAN
AGREEMENT MAY NOT BE CONTRADICTED BY EVIDENCE OF ANY PRIOR, CONTEMPORANEOUS, OR
SUBSEQUENT ORAL AGREEMENTS OR UNDERSTANDINGS OF THE PARTIES.

AS USED IN THIS NOTICE, THE FOLLOWING TERMS HAVE THE FOLLOWING MEANINGS:

      LOAN. The term "Loan" means the following described loan: a Variable Rate
      Nondisclosable Revolving Line of Credit Loan to a Corporation for
      $5,000,000.00 due on February 1, 2006.

      LOAN AGREEMENT. The term "Loan Agreement" means one or more promises,
      promissory notes, agreements, undertakings, security agreements, deeds of
      trust or other documents, or commitments, or any combination of those
      actions or documents, relating to the Loan.

      PARTIES. The term "Parties" means KeyBank National Association and any and
      all entities or individuals who are obligated to repay the loan or have
      pledged property as security for the Loan, including without limitation
      the following:

         BORROWER:   EVERGREENBANCORP, INC.
         GRANTOR(S): EVERGREENBANCORP, INC.

EACH PARTY WHO SIGNS BELOW, OTHER THAN KEYBANK NATIONAL ASSOCIATION,
ACKNOWLEDGES, REPRESENTS, AND WARRANTS TO KEYBANK NATIONAL ASSOCIATION THAT IT
HAS RECEIVED, READ AND UNDERSTOOD THIS NOTICE OF FINAL AGREEMENT. THIS NOTICE IS
DATED JANUARY 26, 2005.

BORROWER:

EVERGREENBANCORP, INC.

BY: /s/ Gerald O. Hatler              BY:  /s/ William G. Filer II
    ________________________________       ____________________________________
    GERALD O. HATLER, PRESIDENT OF         WILLIAM G. FILER II, CHIEF FINANCIAL
    EVERGREENBANCORP, INC.                 OFFICER OF EVERGREENBANCORP, INC.

LENDER:

KEYBANK NATIONAL ASSOCIATION

X /s/ Cortland D. Rounds
  ____________________________________________________
AUTHORIZED SIGNER

================================================================================
  LASER PRO Lending, Ver. 5.24.10.002 Copr. Harland Financial Solutions, Inc.
   1997, 2005. All Rights Reserved - WA N:\Lpro\CFI\LPL\I21.PC TR-83742 PR-3

<PAGE>

                                   [BAR CODE]

                          *31311385163500000110010I21*

                            NOTICE OF FINAL AGREEMENT

<TABLE>
<CAPTION>
  PRINCIPAL        LOAN DATE      MATURITY     LOAN NO   CALL/COLL     ACCOUNT     OFFICER
$5,000,000.00     01-26-2005     02-01-2006     11001     402/511    N3113851635    CDROD    INITIALS
-------------     ----------     ----------     -----     -------    -----------   -------   --------
<S>               <C>            <C>           <C>       <C>         <C>           <C>       <C>
</TABLE>

  References in the shaded area are for Lender's use only and do not limit the
 applicability of this document to any particular loan or item. Any item above
       containing "***" has been omitted due to text length limitations.

BORROWER: EVERGREENBANCORP, INC.      LENDER: KEYBANK NATIONAL ASSOCIATION
          3\01 EASTLAKE AVENUE EAST           WA-CB-TACOMA CORRESPONDENT BANKING
          SEATTLE, WA  98109                  1101 PACIFIC AVE.
                                              1ST FLOOR
                                              TACOMA, WA 98402

ORAL AGREEMENTS OR ORAL COMMITMENTS TO LOAN MONEY, EXTEND CREDIT, OR TO FORBEAR
FROM ENFORCING REPAYMENT OF A DEBT ARE NOT ENFORCEABLE UNDER WASHINGTON LAW.

BY SIGNING THIS DOCUMENT EACH PARTY ACKNOWLEDGES RECEIPT OF THE ABOVE NOTICE. IN
ADDITION (AND NOT AS A LIMITATION ON THE LEGAL EFFECT OF THE NOTICE), BY SIGNING
THIS DOCUMENT EACH PARTY REPRESENTS AND AGREES THAT: (a) THE WRITTEN LOAN
AGREEMENT REPRESENTS THE FINAL AGREEMENT BETWEEN THE PARTIES, (b) THERE ARE NO
UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES, AND (c) THE WRITTEN LOAN
AGREEMENT MAY NOT BE CONTRADICTED BY EVIDENCE OF ANY PRIOR, CONTEMPORANEOUS, OR
SUBSEQUENT ORAL AGREEMENTS OR UNDERSTANDINGS OF THE PARTIES.

AS USED IN THIS NOTICE, THE FOLLOWING TERMS HAVE THE FOLLOWING MEANINGS:

      LOAN. The term "Loan" means the following described loan: a Variable Rate
      Nondisclosable Revolving Line of Credit Loan to a Corporation for
      $5,000,000.00 due on February 1, 2006.

      LOAN AGREEMENT. The term "Loan Agreement" means one or more promises,
      promissory notes, agreements, undertakings, security agreements, deeds of
      trust or other documents, or commitments, or any combination of those
      actions or documents, relating to the Loan.

      PARTIES. The term "Parties" means KeyBank National Association and any and
      all entities or individuals who are obligated to repay the loan or have
      pledged property as security for the Loan, including without limitation
      the following:

           BORROWER:   EVERGREENBANCORP, INC.
           GRANTOR(S): EVERGREENBANCORP, INC.

EACH PARTY WHO SIGNS BELOW, OTHER THAN KEYBANK NATIONAL ASSOCIATION,
ACKNOWLEDGES, REPRESENTS, AND WARRANTS TO KEYBANK NATIONAL ASSOCIATION THAT IT
HAS RECEIVED, READ AND UNDERSTOOD THIS NOTICE OF FINAL AGREEMENT. THIS NOTICE IS
DATED JANUARY 26, 2005.

BORROWER:

EVERGREENBANCORP, INC.

BY: /s/ Gerald O. Hatler              BY:   /s/ William G. Filer II
    ______________________________          ____________________________________
    GERALD O. HATLER, PRESIDENT OF          WILLIAM G. FILER II, CHIEF FINANCIAL
    EVERGREENBANCORP, INC.                  OFFICER OF EVERGREENBANCORP, INC.

LENDER:

KEYBANK NATIONAL ASSOCIATION

X  /s/ Cortland D. Rounds
 _____________________________________________________
   AUTHORIZED SIGNER

================================================================================
  LASER PRO Lending, Ver. 5.24.10.002 Copr. Harland Financial Solutions, Inc.
   1997, 2005. All Rights Reserved - WA N:\Lpro\CFI\LPL\I21.PC TR-83742 PR-3
<PAGE>
                               FIRST MODIFICATION
                                       OF
                             BUSINESS LOAN AGREEMENT

      This First Modification of Business Loan Agreement ("Agreement") is made
as of January 26, 2005, by and between KeyBank National Association ("Lender")
and EvergreenBancorp, Inc. ("Borrower").

                                    RECITALS

      A. Borrower executed or will execute a promissory note made by Borrower in
favor of Lender in the original principal amount of $5,000,000.00 ("Note") and a
Business Loan Agreement ("Loan Agreement"), both dated January 26, 2005. All
terms not defined herein shall have the meanings given them in the Loan
Agreement.

      B. In consideration for Lender's agreement to make the Loan, Borrower has
agreed to comply with certain financial covenants and ratios.

      C. Borrower and Lender, therefore, agree to evidence Borrower's agreement
to comply with such financial covenants and ratios through this Agreement and to
modify the Loan Agreement as set forth below.

                                    AGREEMENT

      1. FINANCIAL COVENANTS AND RATIOS. Page 2 of the Loan Agreement shall be
modified to include a new Section entitled "Financial Covenants and Ratios,"
which shall read as follows:

      FINANCIAL COVENANTS AND RATIOS. Borrower shall comply with the following
      covenants and ratios:

      RISK BASED CAPITAL - BORROWER AND BANK. Borrower shall maintain, and shall
      further cause Evergreen Bank ("Bank") to maintain, Tier 1 Risk Based
      Capital at a sufficient level to meet the definition of "Well Capitalized"
      under the Tier 1 Capital Maintenance Regulations applicable to Borrower
      and Bank that have been adopted by the appropriate federal bank agency
      having authority over Borrower and Bank. "Well Capitalized" and "Tier 1
      Risk Based Capital" shall have definitions given them under the FDIC
      Capital Management Regulations, 12 CFR 325.1 et seq., as now in force or
      hereafter amended.

      LOAN LOSS RESERVE TO TOTAL NON-PERFORMING LOANS RATIO - BORROWER AND BANK.
      Borrower shall maintain, and shall further cause Bank to maintain, a ratio
      of Loan Loss Reserve to Total Non-Performing Loans of not less than 1.10,
      measured annually. "Loan Loss Reserve" shall mean valuation allowances on
      mortgage loans plus valuation allowances on non-mortgage loans, and "Total
      Non-Performing Loans" shall mean the total of all loans past due ninety
      (90) days or more and still accruing plus total non-accrual loans.

                                      - 1 -
<PAGE>
      RETURN ON AVERAGE ASSETS - BORROWER AND BANK. Borrower shall maintain, and
      shall further cause Bank to maintain, a ratio of Return on Average Assets
      of not less than .50%, measured annually. "Return on Average Assets" shall
      mean the income (loss) before extraordinary items and effects of
      accounting changes divided by the average total assets.

      TERM DEFINITIONS. Terms not otherwise defined in this Section 1 shall have
      the meanings customarily given them by the appropriate governmental
      agencies having authority over Borrower and its subsidiaries, including
      without limitation, Bank.

      2. FINANCIAL STATEMENTS. The subsection entitled "Financial Covenants" on
page 2 of the Loan Agreement shall be modified to include the following:

      "CALL REPORTS. No later than forty five (45) days after the end of each
      fiscal year, Borrower shall provide to Lender, and shall further cause
      Bank to provide to Lender, their respective quarterly call reports in a
      form satisfactory to Lender."

      3. NOTICE OF ORAL AGREEMENTS. Page 6 of the Loan Agreement shall be
modified to include the following notice immediately before the signature
blocks:

                        NOTICE CONCERNING ORAL AGREEMENTS

                   ORAL AGREEMENTS OR ORAL COMMITMENTS TO LEND
                     MONEY, EXTEND CREDIT OR TO FORBEAR FROM
                      ENFORCING REPAYMENT OF A DEBT ARE NOT
                        ENFORCEABLE UNDER WASHINGTON LAW.

      4. NO ADDITIONAL AGREEMENTS. Borrower understands and agrees that Lender
has only agreed to make this Agreement according to the terms provided herein
and further acknowledges that Lender has made no agreement or other
representations except as set forth herein.

      5. LEGAL COUNSEL. Borrower hereby acknowledges that Lender and Lender's
counsel have not been requested to give any legal advice to Borrower with regard
to the matters set forth herein, and have not undertaken to do so.

      6. REPRESENTATIONS AND WARRANTIES. To induce Lender to enter into this
Agreement, Borrower hereby makes the following representations and warranties,
which shall survive the termination of the Agreement indefinitely.

            6.1 AUTHORITY, ETC. Borrower has the proper authority to enter into
and perform this Agreement.

            6.2 VALID AND BINDING. This Agreement constitutes, or, if not yet
executed or delivered, shall when so executed and delivered, constitute the
valid and binding obligation of Borrower enforceable in accordance with its
terms.

                                      - 2 -
<PAGE>
      7. MISCELLANEOUS:

            7.1 EFFECTIVE DATE. This Agreement shall become effective only when
Lender and Borrower properly execute it.

            7.2 BENEFIT. This Agreement shall bind and inure to the benefit of
Lender, Borrower, and their respective successors and assigns.

            7.3 LEGAL ACTION. If any legal action or appeal is instituted by any
party to this Agreement to enforce any of the provisions hereof, or any party
shall retain an attorney to protect its rights hereunder, including in any
action in bankruptcy, the prevailing party or parties shall be entitled to
judgment against the other party or parties for all reasonable costs and
expenses, including attorneys' fees, incurred by the prevailing party in
connection with such action, appeal or bankruptcy.

            7.4 SEVERABILITY. If any term or provision in this Agreement shall
be adjudicated to be illegal, invalid or unenforceable, in whole or in part, it
will be deemed deleted to that extent, and all other terms and provisions of
this Agreement will remain in full force and effect.

            7.5 APPLICABLE LAW; VENUE. This Agreement and the rights and
obligations created hereunder and in the documents referenced herein shall be
construed under Washington law and the venue of any action in connection with
this Agreement shall be in Pierce County, Washington.

            7.6 FULL FORCE. The parties agree that except as modified by the
above, all Related Documents and other agreements between Lender and Borrower
shall remain in full force and effect.

                        NOTICE CONCERNING ORAL AGREEMENTS

                   ORAL AGREEMENTS OR ORAL COMMITMENTS TO LEND
                     MONEY, EXTEND CREDIT OR TO FORBEAR FROM
                      ENFORCING REPAYMENT OF A DEBT ARE NOT
                        ENFORCEABLE UNDER WASHINGTON LAW.

BORROWER:                               LENDER:

EVERGREENBANCORP, INC.                  KEYBANK NATIONAL ASSOCIATION

By: /s/ Gerald O. Hatler                By: /s/ Cortland D. Rounds
    ------------------------------          -----------------------------------
    Gerald O. Hatler                        Cortland Rounds
    President                               Vice President/Correspondent Banking

Dated:        4/1/5                     Dated:           4/7/5
       ---------------------------             --------------------------------

                                      - 3 -
<PAGE>
BY: /s/ William G. Filer II
    ------------------------------
    William G. Filer II
    Chief Financial Officer

DATED:       4/1/05
       ---------------------------

                                      - 4 -<PAGE>

                                                                    EXHIBIT 10.3

                               1111 THIRD AVENUE
                              SEATTLE, WASHINGTON

                             OFFICE LEASE AGREEMENT

                                    BETWEEN

     EOP-NORTHWEST PROPERTIES, L.L.C., A DELAWARE LIMITED LIABILITY COMPANY
                                  ("LANDLORD")

                                      AND

                    EVERGREENBANK, A WASHINGTON CORPORATION
                                   ("TENANT")

<PAGE>

                             OFFICE LEASE AGREEMENT

      THIS OFFICE LEASE AGREEMENT (the "LEASE") is made and entered into as of
the 17th day of January, 2005, by and between EOP-NORTHWEST PROPERTIES, L.L.C.,
A DELAWARE LIMITED LIABILITY COMPANY ("LANDLORD") and EVERGREENBANK, A
WASHINGTON CORPORATION ("TENANT"). The following exhibits and attachments are
incorporated into and made a part of this Lease: EXHIBIT A-1 (Outline and
Location of Premises), EXHIBIT A-2 (Legal Description), EXHIBIT B (Expenses and
Taxes), EXHIBIT C (Work Letter), EXHIBIT D (Commencement Letter - intentionally
omitted), EXHIBIT E (Building Rules and Regulations), EXHIBIT F (Additional
Provisions) and EXHIBIT G (Outline and Location of Offering Space).

1.    BASIC LEASE INFORMATION.

      1.01  "BUILDING" shall mean the building located at 1111 Third Avenue,
            Seattle, Washington 98101 commonly known as 1111 Third Avenue.
            "RENTABLE SQUARE FOOTAGE OF THE BUILDING" is deemed to be 554,945
            square feet.

      1.02  "PREMISES" shall mean the area shown on EXHIBIT A-1 to this Lease.
            The Premises is located on the 1st floor and known as suite 100. If
            the Premises include one or more floors in their entirety, all
            corridors and restroom facilities located on such full floor(s)
            shall be considered part of the Premises. The "RENTABLE SQUARE
            FOOTAGE OF THE PREMISES" is deemed to be 7,588 square feet. Landlord
            and Tenant stipulate and agree that the Rentable Square Footage of
            the Building and the Rentable Square Footage of the Premises are
            correct.

      1.03  "BASE RENT":

<TABLE>
<CAPTION>
                                    ANNUAL RATE                  MONTHLY
PERIOD OR MONTHS OF TERM           PER SQUARE FOOT              BASE RENT
------------------------           ---------------              ----------
<S>                                <C>                          <C>
   MONTHS 1 - 12                       $25.00                   $15,808.33
   MONTHS 13 - 24                      $26.00                   $16,440.66
   MONTHS 25 - 36                      $27.00                   $17,073.00
   MONTHS 37 - 48                      $28.00                   $17,705.33
   MONTHS 49 - 60                      $29.00                   $18,337.67
   MONTHS 61 - 72                      $30.00                   $18,970.00
   MONTHS 73 - 84                      $31.00                   $19,602.33
   MONTHS 85 - 96                      $32.00                   $20,234.67
   MONTHS 97 - 108                     $33.00                   $20,867.00
   MONTHS 109 - 120                    $34.00                   $21,499.33
</TABLE>

      1.04  "TENANT'S PRO RATA SHARE": 1.3673%.

      1.05  "BASE YEAR" for Taxes (defined in EXHIBIT B): 2005; "BASE YEAR" for
            Expenses (defined in EXHIBIT B): 2005.

      1.06  "TERM": A period of 120 months. Subject to Section 3, the Term shall
            commence on May 1, 2005 (the "COMMENCEMENT DATE") and, unless
            terminated early in accordance with this Lease, end on April 30,
            2015 (the "TERMINATION DATE").

      1.07  "ALLOWANCE(S)": $10.00 multiplied by the Rentable Square Footage of
            the Premises per EXHIBIT C (Work Letter).

      1.08  "SECURITY DEPOSIT": None.

      1.09  "GUARANTOR(S)": None.

      1.10  "BROKER(S)": Equity Office Properties Management Corp., representing
            Landlord.

      1.11  "PERMITTED USE": General office, banking and related services use;
            provided that in no event shall the Premises, or any portion of the
            Premises, be used to sell at retail, whole or freshly ground coffee
            beans, gourmet, brand-identified brewed coffee and/or espresso or
            espresso-based drinks or coffee-based drinks of any kind.

                                       1
<PAGE>

      1.12  "NOTICE ADDRESS(ES)":

            Landlord:                              Tenant:

            EOP-Northwest Properties, L.L.C.       EvergreenBank
            c/o Equity Office Management, L.L.C.   c/o PEMCO Financial Services
            701 5th Avenue                         Real Estate Department
            Suite 4000                             Attn:  Barb Thorsnes
            Seattle, Washington 98104              325 Eastlake Ave. E.
            Attn:Property Manager                  PO Box 778
                                                   Seattle, WA 98111-0778

            A copy of any notices to Landlord shall be sent to Equity Office,
            One Market, Spear Tower, Suite 600, San Francisco, California 94105,
            Attn: Seattle Regional Counsel.

      1.13  "BUSINESS DAY(S)" are Monday through Friday of each week, exclusive
            of New Year's Day, Presidents Day, Memorial Day, Independence Day,
            Labor Day, Thanksgiving Day and Christmas Day ("HOLIDAYS"). Landlord
            may designate additional Holidays provided that they are commonly
            recognized by other comparable office buildings in the area where
            the Building is located. "BUILDING SERVICE HOURS" are 7:00 A.M. to
            6:00 P.M. on Business Days and 8:00 A.M. to 1:00 P.M. on Saturdays.

      1.14  "LANDLORD WORK:" None.

      1.15  "PROPERTY" means the Building and the parcel(s) of land on which it
            is located and, at Landlord's discretion, the parking facilities and
            other improvements, if any, serving the Building and the parcel(s)
            of land on which they are located.

2.    LEASE GRANT.

      The Premises are hereby leased to Tenant from Landlord, together with the
right to use any portions of the Property that are designated by Landlord for
the common use of tenants and others (the "COMMON AREAS").

3.    ADJUSTMENT OF COMMENCEMENT DATE; POSSESSION.

      3.01  INTENTIONALLY OMITTED.

      3.02  Subject to Landlord's obligation under Section 9.02, the Premises
are accepted by Tenant in "as is" condition and configuration without any
representations or warranties by Landlord regarding the condition of the
Premises or the Building. By taking possession of the Premises, Tenant agrees
that the Premises are in good order and satisfactory condition. Landlord shall
not be liable for a failure to deliver possession of the Premises or any other
space due to the holdover or unlawful possession of such space by another party,
however Landlord shall use reasonable efforts to obtain possession of the space.
The commencement date for the space, in such event, shall be postponed until the
date Landlord delivers possession of the Premises to Tenant free from occupancy
by any party. If Tenant takes possession of the Premises before the Commencement
Date, such possession shall be subject to the terms and conditions of this Lease
and Tenant shall pay Rent (defined in Section 4.01) to Landlord for each day of
possession before the Commencement Date. Tenant shall not be required to pay
Rent for any days of possession before the Commencement Date during which
Tenant, with the approval of Landlord, is in possession of the Premises for the
sole purpose of performing improvements or installing furniture, equipment or
other personal property, provided, however, that during such period Tenant shall
be required to pay, as Additional Rent, for the cost of services specifically
requested by Tenant (e.g., after-hours HVAC), the cost of which is typically
charged to other tenants of the Building during such construction and
installation period.

4.    RENT.

      4.01  Tenant shall pay Landlord, without any setoff or deduction, unless
expressly set forth in this Lease, all Base Rent and Additional Rent due for the
Term (collectively referred to as "RENT"). "ADDITIONAL RENT" means all sums
(exclusive of Base Rent) that Tenant is required to pay Landlord under this
Lease. Tenant shall pay and be liable for all rental, sales and use taxes (but
excluding income, business and occupation taxes), if any, imposed upon or
measured by Rent. Base Rent and recurring monthly charges of Additional Rent
shall be due and payable in advance on the first day of each calendar month
without notice or demand,

                                       2

<PAGE>

provided that the installment of Base Rent for the first full calendar month of
the Term, and the first monthly installment of Additional Rent for Expenses and
Taxes, shall be payable upon the execution of this Lease by Tenant. All other
items of Rent shall be due and payable by Tenant on or before 30 days after
billing by Landlord. Rent shall be made payable to the entity, and sent to the
address, Landlord designates and shall be made by good and sufficient check or
by other means acceptable to Landlord. Tenant shall pay Landlord an
administration fee equal to 5% of all past due Rent, provided that Tenant shall
be entitled to a grace period of 5 days after written notice for the first late
payment of Rent in a calendar year. In addition, past due Rent shall accrue
interest at 12% per annum. Landlord's acceptance of less than the correct amount
of Rent shall be considered a payment on account of the earliest Rent due. Rent
for any partial month during the Term shall be prorated. No endorsement or
statement on a check or letter accompanying payment shall be considered an
accord and satisfaction. Tenant's covenant to pay Rent is independent of every
other covenant in this Lease.

      4.02  Tenant shall pay Tenant's Pro Rata Share of Taxes and Expenses in
accordance with EXHIBIT B of this Lease.

5.    COMPLIANCE WITH LAWS; USE.

      The Premises shall be used for the Permitted Use and for no other use
whatsoever. Tenant shall comply with all statutes, codes, ordinances, orders,
rules and regulations of any municipal or governmental entity whether in effect
now or later, including the Americans with Disabilities Act ("LAW(S)"),
regarding the operation of Tenant's business and the use, condition,
configuration and occupancy of the Premises. In addition, Tenant shall, at its
sole cost and expense, promptly comply with any Laws that relate to the "Base
Building" (defined below), but only to the extent such obligations are triggered
by Tenant's particular use of the Premises, other than for general office,
banking and related services uses, or Alterations or improvements in the
Premises performed or requested by Tenant. "BASE BUILDING" shall include the
structural portions of the Building, the public restrooms and the Building
mechanical, electrical and plumbing systems and equipment located in the
internal core of the Building on the floor or floors on which the Premises are
located. Tenant shall promptly provide Landlord with copies of any notices it
receives regarding an alleged violation of Law. As of the date hereof, Landlord
has not received notice from any governmental agencies that the Building is in
violation of Title III of the Americans with Disabilities Act. Tenant shall
comply with the rules and regulations of the Building attached as EXHIBIT E and
such other reasonable rules and regulations adopted by Landlord from time to
time, including rules and regulations for the performance of Alterations
(defined in Section 9). If there is a conflict between this Lease and any rules
and regulations enacted after the date of this Lease, the terms of this Lease
shall control. The rules and regulations shall be generally applicable, and
generally applied in the same manner, to all tenants of the Building.

6.    SECURITY DEPOSIT.

   INTENTIONALLY OMITTED.

7.    BUILDING SERVICES.

      7.01 Landlord shall furnish Tenant with the following services: (a) water
for use in the Base Building lavatories; (b) customary heat, ventilation and air
conditioning in season during Building Service Hours, provided Tenant shall have
the right to receive HVAC service during hours other than Building Service Hours
by paying Landlord's then standard charge for additional HVAC service and
providing such prior notice as is reasonably specified by Landlord; (c) standard
janitorial service on Business Days subject to Tenant's reasonable security
requirements and restrictions and provided that janitorial services can be
performed within normal and customary hours (as of the date of this Lease,
Landlord does not provide such janitorial services to the Premises on Fridays);
(d) elevator service; (e) electricity in accordance with the terms and
conditions in Section 7.02; (f) access control to monitor and control access to
the Building, consistent with office buildings of comparable age, size and
condition in the vicinity of the Building, which may be provided through a
system involving any one or a combination of cameras, monitoring devices or
guards, sign-in or identification procedures or other comparable system as
reasonably determined by Landlord; and (g) such other services as Landlord
reasonably determines are necessary or appropriate for the Property.

      7.02 Electricity used by Tenant in the Premises shall be paid for by
Tenant through inclusion in Expenses, except with respect to excess electrical
usage. The parties acknowledge that the Premises are currently separately
metered for electrical usage, but that Landlord and Tenant have elected not to
have Tenant pay directly for electrical use. Without the consent of

                                       3

<PAGE>

Landlord, Tenant's use of electrical service shall not exceed, either in
voltage, rated capacity, use beyond Building Service Hours or overall load, that
which Landlord reasonably deems to be standard for the Building. Landlord shall
have the right to measure electrical usage by commonly accepted methods. If it
is determined that Tenant is using excess electricity, Tenant shall pay Landlord
for the cost of such excess electrical usage as Additional Rent.

   7.03 Landlord's failure to furnish, or any interruption, diminishment or
termination of services due to the application of Laws, the failure of any
equipment, the performance of repairs, improvements or alterations, utility
interruptions or the occurrence of an event of Force Majeure (defined in Section
26.03) (collectively a "SERVICE FAILURE") shall not render Landlord liable to
Tenant, constitute a constructive eviction of Tenant, give rise to an abatement
of Rent, nor relieve Tenant from the obligation to fulfill any covenant or
agreement. However, if the Premises, or a material portion of the Premises, are
made untenantable for a period in excess of 3 consecutive Business Days as a
result of a Service Failure that is reasonably within the control of Landlord to
correct, then Tenant, as its sole remedy, shall be entitled to receive an
abatement of Rent payable hereunder during the period beginning on the 4th
consecutive Business Day of the Service Failure and ending on the day the
service has been restored. If the entire Premises have not been rendered
untenantable by the Service Failure, the amount of abatement shall be equitably
prorated.

8.    LEASEHOLD IMPROVEMENTS.

   All improvements in and to the Premises, including any Alterations
(collectively, "LEASEHOLD IMPROVEMENTS") shall remain upon the Premises at the
end of the Term without compensation to Tenant. Landlord, however, by written
notice to Tenant at the time Landlord approves the plans and specifications for
such improvements, may require Tenant, at its expense, to remove (a) any Cable
(defined in Section 9.01) installed by or for the benefit of Tenant, and (b)
Alterations that, in Landlord's reasonable judgment, are of a nature that would
require removal and repair costs that are materially in excess of the removal
and repair costs associated with standard office improvements (collectively
referred to as "REQUIRED REMOVABLES"). Tenant shall not be required to remove
any item Landlord determines that a future tenant will use any such item that
otherwise qualifies as a Required Removable, then Tenant shall not be obligated
to remove (or pay for) the same. Required Removables shall include, without
limitation, internal stairways, raised floors, personal baths and showers,
vaults, safe deposit boxes and rolling file systems, the teller line, the ATM
and night deposit (defined in Exhibit F), any specialized HVAC installed by or
for Tenant, and structural alterations and modifications. However, it is agreed
that Required Removables shall not include any usual office improvements such as
gypsum board, partitions, ceiling grids and tiles, fluorescent lighting panels,
Building standard doors and non-glued down carpeting. Subject to the foregoing
and the terms of Section 25 hereof, none of the installations in the Premises as
of the date hereof shall be designated Required Removables. The designated
Required Removables shall be removed by Tenant before the Termination Date.
Tenant shall repair damage caused by the installation or removal of Required
Removables. If Tenant fails to perform its obligations in a timely manner,
Landlord may perform such work at Tenant's expense. Tenant, at the time it
requests approval for a proposed Alteration, including the Initial Alterations,
may request in writing that Landlord advise Tenant whether the Alteration or any
portion of the Alteration, or Initial Alterations or any portion of the Initial
Alterations, is a Required Removable.

9.    REPAIRS AND ALTERATIONS.

   9.01 Tenant shall periodically inspect the Premises to identify any
conditions that are dangerous or in need of maintenance or repair. Tenant shall
promptly provide Landlord with notice of any such conditions. Tenant shall, at
its sole cost and expense, perform all maintenance and repairs to the Premises
that are not Landlord's express responsibility under this Lease, and keep the
Premises in good condition and repair, reasonable wear and tear excepted.
Tenant's repair and maintenance obligations include, without limitation, repairs
to: (a) floor covering; (b) interior partitions; (c) doors; (d) the interior
side of demising walls; (e) electronic, phone and data cabling and related
equipment that is installed by or for the exclusive benefit of Tenant
(collectively, "CABLE"); (f) supplemental air conditioning units, kitchens,
including hot water heaters, plumbing, and similar facilities exclusively
serving Tenant; and (g) Alterations. To the extent Landlord is not reimbursed by
insurance proceeds, Tenant shall reimburse Landlord for the cost of repairing
damage to the Building caused by the negligent or willful acts of Tenant, Tenant
Related Parties (defined in Section 13). If Tenant fails to commence any repairs
to the Premises within 15 days after notice from Landlord (although notice shall
not be required in an emergency), Landlord may make the repairs, and Tenant
shall pay the reasonable cost of the repairs, together with an administrative
charge in an amount equal to 10% of the cost of the repairs.

                                       4

<PAGE>

   9.02 Landlord shall keep and maintain in good repair and working order and
perform maintenance upon the: (a) Base Building and all structural elements of
the Building; (b) mechanical (including HVAC), electrical, plumbing and
fire/life safety systems serving the Building in general; (c) Common Areas; (d)
roof of the Building; (e) exterior (including) windows of the Building; and (f)
elevators serving the Building. Landlord shall promptly make repairs for which
Landlord is responsible. Landlord will manage and maintain the Building in a
manner consistent with office buildings of similar class, size, and age as the
Building located in the vicinity of the Building.

   9.03 Tenant shall not make alterations, repairs, additions or improvements or
install any Cable (collectively referred to as "ALTERATIONS") without first
obtaining the written consent of Landlord in each instance, which consent shall
not be unreasonably withheld or delayed. However, Landlord's consent shall not
be required for any Alteration that satisfies all of the following criteria (a
"COSMETIC ALTERATION"): (a) is of a cosmetic nature such as painting,
wallpapering, hanging pictures and installing carpeting; (b) is not visible from
the exterior of the Premises or Building; (c) will not affect the Base Building;
and (d) does not require work to be performed inside the walls or above the
ceiling of the Premises. Cosmetic Alterations shall be subject to all the other
provisions of this Section 9.03. Prior to starting work, Tenant shall furnish
Landlord with plans and specifications; names of contractors reasonably
acceptable to Landlord (provided that Landlord may designate specific
contractors with respect to Base Building); required permits and approvals; and
evidence of contractor's and subcontractor's insurance in amounts reasonably
required by Landlord and naming Landlord as an additional insured. Changes to
the plans and specifications must also be submitted to Landlord for its
approval. Alterations shall be constructed in a good and workmanlike manner
using materials of a quality reasonably approved by Landlord. Tenant shall
reimburse Landlord for any reasonable and customary sums paid by Landlord for
third party examination of Tenant's plans for non-Cosmetic Alterations. In
addition, Tenant shall pay Landlord a fee for Landlord's oversight and
coordination of any non-Cosmetic Alterations equal to $110.00 (the "Initial
Hourly Rate") multiplied by the number of hours of Landlord's employees spent in
such oversight and coordination. The Initial Hourly Rate shall be subject to the
annual escalation in accordance with changes in the CPI in the same manner that
the Minimum Net worth is subject to escalation pursuant to Section 11.04 below.
Upon completion, Tenant shall furnish "as-built" plans for non-Cosmetic
Alterations, completion affidavits and full and final waivers of lien.
Landlord's approval of an Alteration shall not be deemed a representation by
Landlord that the Alteration complies with Law.

10.   ENTRY BY LANDLORD.

   10.01 Landlord may enter the Premises to inspect, show or clean the Premises
or to perform or facilitate the performance of repairs, alterations or additions
to the Premises or any portion of the Building. Except in emergencies or to
provide necessarily urgent Building services, Landlord shall provide Tenant with
at least 24 hours prior notice (or in the event of emergency or if not practical
under the circumstances reasonable prior verbal notice) of entry and shall use
reasonable efforts to minimize any interference with Tenant's use of the
Premises. If necessary, as determined in Landlord's sole discretion, Landlord
may temporarily close all or a portion of the Premises to perform repairs,
alterations and additions. However, except in emergencies, Landlord will not
close the Premises if the work can reasonably be completed on weekends and after
Building Service Hours. Except as otherwise specifically provided in this
Article, entry by Landlord shall not constitute a constructive eviction or
entitle Tenant to an abatement or reduction of Rent. Notwithstanding the
foregoing, if Landlord temporarily closes the Premises as provided above for a
period in excess of 3 consecutive Business Days, Tenant, as its sole remedy,
shall be entitled to receive a per diem abatement of Base Rent during the period
beginning on the 4th consecutive Business Day of closure and ending on the date
on which the Premises are returned to Tenant in a tenantable condition. Tenant,
however, shall not be entitled to an abatement if the repairs, alterations
and/or additions to be performed are required as a result of the acts or
omissions of Tenant, its agents, employees or contractors, including, without
limitation, a Default by Tenant in its maintenance and repair obligations under
the Lease.

   10.02 Notwithstanding the foregoing, Tenant may, at its own expense, provide
its own locks to an area within the Premises, which may include a vault
("SECURED AREA"). Tenant need not furnish Landlord with a key but upon the
Termination Date, Tenant shall surrender all such keys to Landlord. If Landlord
must gain access to a Secured Area in a non-emergency situation, Landlord shall
contact Tenant and Landlord and Tenant shall arrange a mutually agreed upon time
for Landlord to do so. Landlord shall comply with all reasonable security
measures pertaining to the Premises and the Secured Area. If Landlord determines
in its sole discretion

                                       5

<PAGE>

that an emergency in the Building or the Premises, including, without
limitation, a suspected fire or flood, requires Landlord to gain access to the
Secured Area, Tenant hereby authorizes Landlord to forcibly enter the Secured
Area. In such event, Landlord shall have no liability whatsoever to Tenant, and
Tenant shall pay all reasonable expenses incurred by Landlord in repairing or
reconstructing any entrance, corridor, door or other portions of the Premises
damaged as a result of a forcible entry by Landlord. Landlord shall have no
obligation to provide either janitorial service or cleaning in the Secured Area.

11.   ASSIGNMENT AND SUBLETTING.

   11.01 Except in connection with a Permitted Transfer (defined in Section
11.04) or Ownership Change (defined in Section 11.04), Tenant shall not assign,
sublease, transfer or encumber any interest in this Lease or allow any third
party to use any portion of the Premises (collectively or individually, a
"TRANSFER") without the prior written consent of Landlord, which consent shall
not be unreasonably withheld, conditioned or delayed if Landlord does not
exercise its recapture rights under Section 11.02. If the entity which controls
the voting shares/rights of Tenant changes at any time, such change of ownership
or control shall constitute a Transfer unless Tenant is an entity whose
outstanding stock is listed on a recognized securities exchange or if at least
80% of its voting stock is owned by another entity, the voting stock of which is
so listed; provided, however, that the foregoing provision shall not apply so
long as the Tenant is a regulated banking institution. Any attempted Transfer in
violation of this Section is voidable by Landlord. In no event shall any
Transfer, including a Permitted Transfer, release or relieve Tenant from any
obligation under this Lease.

   11.02 Tenant shall provide Landlord with financial statements for the
proposed transferee, a fully executed copy of the proposed assignment, sublease
or other Transfer documentation and such other information as Landlord may
reasonably request. Within 15 Business Days after receipt of the required
information and documentation, Landlord shall either: (a) consent to the
Transfer by execution of a consent agreement in a form reasonably designated by
Landlord; (b) reasonably refuse to consent to the Transfer in writing (this
clause (b) will not be applicable to a Permitted Transfer); or (c) in the event
of an assignment of this Lease or subletting of more than 20% of the Rentable
Square Footage of the Premises for more than 50% of the remaining Term
(excluding unexercised options), recapture the portion of the Premises that
Tenant is proposing to Transfer. If Landlord exercises its right to recapture,
this Lease shall automatically be amended (or terminated if the entire Premises
is being assigned or sublet) to delete the applicable portion of the Premises
effective on the proposed effective date of the Transfer. Tenant shall pay
Landlord a review fee of $1,500.00 for Landlord's review of any Permitted
Transfer or requested Transfer.

   11.03 Tenant shall pay Landlord 50% of all rent and other consideration which
Tenant receives as a result of a Transfer in accordance with generally accepted
accounting procedures that is in excess of the Rent payable to Landlord for the
portion of the Premises and Term covered by the Transfer. Tenant shall pay
Landlord for Landlord's share of the excess within 30 days after Tenant's
receipt of the excess. Tenant may deduct from the excess, on a straight-line
basis, all reasonable and customary expenses directly incurred by Tenant
attributable to the Transfer. If Tenant is in Default, Landlord may require that
all sublease payments be made directly to Landlord, in which case Tenant shall
receive a credit against Rent in the amount of Tenant's share of payments
received by Landlord.

   11.04 Tenant may assign this Lease to a successor to Tenant by purchase,
merger, consolidation or reorganization (an "OWNERSHIP CHANGE") or assign this
Lease or sublet all or a portion of the Premises to an Affiliate without the
consent of Landlord, provided that all of the following conditions are satisfied
(a "PERMITTED TRANSFER"): (a) Tenant is not in Default; (b) in the event of an
Ownership Change, Tenant's successor shall own substantially all of the assets
of Tenant and have a net worth which is at least equal to $17,000,000.00 (the
"Minimum Net Worth"); (c) the Permitted Use does not allow the Premises to be
used for retail purposes, except as specifically specified in Section 1.11 of
this Lease; and (d) Tenant shall give Landlord written notice at least 15
Business Days prior to the effective date of the Permitted Transfer (unless the
transaction is subject to confidentiality obligations). Tenant's notice to
Landlord shall include information and documentation evidencing the Permitted
Transfer and showing that each of the above conditions has been satisfied. If
requested by Landlord, Tenant's successor shall sign a commercially reasonable
form of assumption agreement. "AFFILIATE" shall mean an entity controlled by,
controlling or under common control with Tenant. Notwithstanding the foregoing
to the contrary, the Minimum Net Worth shall be subject to adjustment, as of
each anniversary of the Commencement Date (each an "Adjustment Date") to equal
the initial Minimum Net Worth increased by the percentage increase in the CPI
(defined below) most recently issued as of the date immediately preceding the
applicable Adjustment Date (an

                                       6

<PAGE>

"Adjustment Index") over the CPI issued most recently prior to the Commencement
Date (the "Base CPI"). For example, if the Base CPI is 100, and the Adjustment
CPI applicable to the third (3rd) anniversary of the Commencement Date is 114,
then the Minimum Net Worth applicable to the fourth (4th) year of the Term shall
be the Initial Minimum Net Worth, increased by fourteen percent (14%). As used
herein, the "CPI" shall mean the Consumer Price Index, for All Urban Companies
("CPI-U), U.S. City Average, 1982-84=100 issued by the Bureau of Labor Statutes.
If such index is no longer published, Landlord shall select another index.

12.   LIENS.

   Tenant shall not permit mechanics' or other liens to be placed upon the
Property, Premises or Tenant's leasehold interest in connection with any work or
service done or purportedly done by or for the benefit of Tenant or its
transferees. Tenant shall give Landlord notice at least 15 days prior to the
commencement of any work in the Premises to afford Landlord the opportunity,
where applicable, to post and record notices of non-responsibility. Tenant,
within 10 days of notice from Landlord, shall fully discharge any lien by
settlement, by bonding or by insuring over the lien in the manner prescribed by
the applicable lien Law. If Tenant fails to do so, Landlord may bond, insure
over or otherwise discharge the lien. Tenant shall reimburse Landlord for any
amount paid by Landlord, including, without limitation, reasonable attorneys'
fees.

13.   INDEMNITY AND WAIVER OF CLAIMS.

   Tenant hereby waives all claims against and releases Landlord and its
trustees, members, principals, beneficiaries, partners, officers, directors,
employees, Mortgagees (defined in Section 23) and agents (the "LANDLORD RELATED
PARTIES") from all claims for any injury to or death of persons, damage to
property or business loss in any manner related to (a) Force Majeure, (b) acts
of third parties, (c) the bursting or leaking of any tank, water closet, drain
or other pipe, (d) the inadequacy or failure of any security services, personnel
or equipment, or (e) any matter not within the reasonable control of Landlord.
Notwithstanding the foregoing, except as provided in Section 15 to the contrary,
Tenant shall not be required to waive any claims against Landlord (other than
for loss or damage to Tenant's business) where such loss or damage is due to
Landlord's negligence or uncured Default under this Lease. Nothing herein shall
be construed as to diminish the repair and maintenance obligations of Landlord
contained elsewhere in this Lease. Except to the extent caused by the negligence
or willful misconduct of Landlord or any Landlord Related Parties, or Landlord's
contractors, Tenant shall, subject to Section 15 of this Lease, indemnify,
defend and hold Landlord and Landlord Related Parties harmless against and from
all liabilities, obligations, damages, penalties, claims, actions, costs,
charges and expenses, including, without limitation, reasonable attorneys' fees
and other professional fees (if and to the extent permitted by Law)
(collectively referred to as "LOSSES"), which may be imposed upon, incurred by
or asserted against Landlord or any of the Landlord Related Parties by any third
party and arising out of or in connection with any damage or injury occurring in
the Premises or any acts or omissions (including violations of Law) of Tenant,
the Tenant Related Parties or any of Tenant's transferees, contractors or
licensees. Except to the extent caused by the negligence or willful misconduct
of Tenant or any Tenant Related Parties, or Tenant's contractors, Landlord
shall, subject to Section 15 of this Lease, indemnify, defend and hold Tenant,
its trustees, members, principals, beneficiaries, partners, officers, directors,
employees and agents ("TENANT RELATED PARTIES") harmless against and from all
Losses which may be imposed upon, incurred by or asserted against Tenant or any
of the Tenant Related Parties by any third party and arising out of or in
connection with the acts or omissions (including violations of Law) of Landlord
or the Landlord Related Parties or any of Landlord's contractors.

14.   INSURANCE.

   14.01 Tenant shall maintain the following insurance ("TENANT'S INSURANCE"):
(a) Commercial General Liability Insurance applicable to the Premises and its
appurtenances providing, on an occurrence basis, a minimum combined single limit
of $2,000,000.00; (b) Property/Business Interruption Insurance written on an All
Risk or Special Perils form, with coverage for broad form water damage including
earthquake sprinkler leakage, at replacement cost value and with a replacement
cost endorsement covering all of Tenant's business and trade fixtures,
equipment, movable partitions, furniture, merchandise and other personal
property within the Premises ("TENANT'S PROPERTY") and any Leasehold
Improvements performed by or for the benefit of Tenant; (c) Workers'
Compensation Insurance in amounts required by Law; and (d) Employers Liability
Coverage of at least $1,000,000.00 per occurrence (provided that if this
coverage is unavailable from the Worker's Compensation carrier or applicable
State Fund, a "Stop Gap Liability" endorsement to the Commercial General
Liability

                                       7

<PAGE>

Policy is acceptable). Any company writing Tenant's Insurance shall have an A.M.
Best rating of not less than A-VIII. All Commercial General Liability Insurance
policies shall name as additional insureds Landlord (or its successors and
assignees), the managing agent for the Building (or any successor), EOP
Operating Limited Partnership, Equity Office Properties Trust and their
respective members, principals, beneficiaries, partners, officers, directors,
employees, and agents, and other designees of Landlord and its successors as the
interest of such designees shall appear. All policies of Tenant's Insurance
shall contain endorsements that the insurer(s) shall give Landlord and its
designees at least 30 days' advance written notice of any cancellation,
termination, material change or lapse of insurance. Tenant shall provide
Landlord with a certificate of insurance evidencing Tenant's Insurance prior to
the earlier to occur of the Commencement Date or the date Tenant is provided
with possession of the Premises, and thereafter as necessary to assure that
Landlord always has current certificates evidencing Tenant's Insurance.

   14.02 Landlord shall maintain the following insurance ("LANDLORD'S
INSURANCE"), the premiums of which will be included in Expenses: (1) Commercial
General Liability insurance applicable to the Property, Building and Common
Areas providing, on an occurrence basis, a minimum combined single limit of at
least $2,000,000.00; (2) All Risk Property Insurance on the Building at
replacement cost value; (3) Worker's Compensation insurance as required by the
state in which the Building is located and in amounts as may be required by
applicable statute; and (4) Employers Liability Coverage of at least
$1,000,000.00 per occurrence.

   14.03 Except as specifically provided to the contrary, the limits of either
party's insurance shall not limit such party's liability under this Lease.

15.   SUBROGATION.

   Landlord and Tenant hereby waive and shall cause their respective insurance
carriers to waive any and all rights of recovery, claims, actions or causes of
action against the other for any loss or damage with respect to Tenant's
Property, Leasehold Improvements, the Building, the Premises, or any contents
thereof, including rights, claims, actions and causes of action based on
negligence, which loss or damage is (or would have been, had the insurance
required by this Lease been carried) covered by property insurance.

16.   CASUALTY DAMAGE.

   16.01 If all or any portion of the Premises becomes untenantable by fire or
other casualty to the Premises (collectively a "CASUALTY"), Landlord, with
reasonable promptness, shall cause a general contractor selected by Landlord to
provide Landlord and Tenant with a written estimate of the amount of time
required using standard working methods to Substantially Complete the repair and
restoration of the Premises and any Common Areas necessary to provide access to
the Premises (including all permanent improvements located therein) ("COMPLETION
ESTIMATE"). If the Completion Estimate indicates that the Premises or any Common
Areas necessary to provide access to the Premises cannot be made tenantable
within 270 days from the date the repair is started, then either party shall
have the right to terminate this Lease upon written notice to the other within
10 days after receipt of the Completion Estimate. Tenant, however, shall not
have the right to terminate this Lease if the Casualty was caused by the
negligence or intentional misconduct of Tenant or any Tenant Related Parties. In
addition, Landlord, by notice to Tenant within 90 days after the date of the
Casualty, shall have the right to terminate this Lease if: (1) the Premises have
been materially damaged and there is less than 2 years of the Term remaining on
the date of the Casualty; (2) any Mortgagee requires that the insurance proceeds
be applied to the payment of the mortgage debt; or (3) a material uninsured loss
to the Building occurs. Tenant shall have the right to terminate this Lease if:
(a) a substantial portion of the Premises has been damaged by Casualty and such
damage cannot reasonably be repaired within 60 days after receipt of the
Completion Estimate; (b) there is less than 1 year of the Term remaining on the
date of the Casualty; (c) the Casualty was not caused by the negligence or
willful misconduct of Tenant or its agents, employees or contractors; and (d)
Tenant provides Landlord with written notice of its intent to terminate within
30 days after the date of Tenant's receipt of the Completion Estimate. Landlord
shall not terminate this Lease pursuant to this Section 16.01 unless it also
terminates the leases of all similarly affected office tenants in the Building.
In determining whether other tenants are similarly affected, Landlord shall be
entitled to consider all relevant factors such as the extent of damage, the time
to rebuild, the availability of insurance proceeds and the rights of the tenants
in question to impose penalties upon Landlord (including the right to terminate)
if the repairs are not completed within a specified period of time. However,
Landlord shall not be entitled to consider the rental rates payable under the
leases in question in its determination of

                                       8

<PAGE>

whether to terminate or rebuild.

   16.02 If this Lease is not terminated, Landlord shall promptly and
diligently, subject to reasonable delays for insurance adjustment or other
matters beyond Landlord's reasonable control, restore the Building, the Premises
and Common Areas. Such restoration shall be to substantially the same condition
that existed prior to the Casualty, except for modifications required by Law or
any other modifications to the Common Areas deemed desirable by Landlord. Upon
notice from Landlord, Tenant shall assign to Landlord (or to any party
designated by Landlord) all property insurance proceeds payable to Tenant under
Tenant's Insurance with respect to any Leasehold Improvements performed by or
for the benefit of Tenant; provided if the estimated cost to repair such
Leasehold Improvements exceeds the amount of insurance proceeds received by
Landlord from Tenant's insurance carrier, the excess cost of such repairs shall
be paid by Tenant to Landlord prior to Landlord's commencement of repairs.
Within 15 days of demand, Tenant shall also pay Landlord for any additional
excess costs that are determined during the performance of the repairs. Landlord
shall not be liable for any inconvenience to Tenant, or injury to Tenant's
business resulting in any way from the Casualty or the repair thereof. Provided
that Tenant is not in Default, during any period of time that all or a material
portion of the Premises is rendered untenantable as a result of a Casualty, the
Rent shall abate for the portion of the Premises that is untenantable and not
used by Tenant.

17.   CONDEMNATION.

   Either party may terminate this Lease if any material part of the Premises is
taken or condemned for any public or quasi-public use under Law, by eminent
domain or private purchase in lieu thereof (a "TAKING"). Landlord shall also
have the right to terminate this Lease if there is a Taking of any portion of
the Building or Property which would have a material adverse effect on
Landlord's ability to profitably operate the remainder of the Building. The
terminating party shall provide written notice of termination to the other party
within 45 days after it first receives notice of the Taking. The termination
shall be effective on the date the physical taking occurs. If this Lease is not
terminated, Base Rent and Tenant's Pro Rata Share shall be appropriately
adjusted to account for any reduction in the square footage of the Building or
Premises. All compensation awarded for a Taking shall be the property of
Landlord. The right to receive compensation or proceeds are expressly waived by
Tenant, however, Tenant may file a separate claim for Tenant's Property and
Tenant's reasonable relocation expenses, provided the filing of the claim does
not diminish the amount of Landlord's award. If only a part of the Premises is
subject to a Taking and this Lease is not terminated, Landlord, with reasonable
diligence, will restore the remaining portion of the Premises as nearly as
practicable to the condition immediately prior to the Taking.

18.   EVENTS OF DEFAULT.

   Each of the following occurrences shall be a "DEFAULT": (a) Tenant's failure
to pay any portion of Rent when due, if the failure continues for 5 Business
Days after written notice to Tenant ("MONETARY DEFAULT"); (b) Tenant's failure
(other than a Monetary Default) to comply with any term, provision, condition or
covenant of this Lease, if the failure is not cured within 20 days after written
notice to Tenant provided, however, if Tenant's failure to comply cannot
reasonably be cured within 20 days, Tenant shall be allowed additional time (not
to exceed 60 days) as is reasonably necessary to cure the failure so long as
Tenant begins the cure within 20 days and diligently pursues the cure to
completion; (c) Tenant or any Guarantor becomes insolvent, makes a transfer in
fraud of creditors, makes an assignment for the benefit of creditors, admits in
writing its inability to pay its debts when due or forfeits or loses its right
to conduct business; (d) the leasehold estate is taken by process or operation
of Law; (e) in the case of any ground floor or retail Tenant, Tenant does not
take possession of or abandons or vacates all or any portion of the Premises
(notwithstanding the foregoing, Landlord acknowledges that Tenant may, from time
to time, not use or occupy all of the portion of the Premises which are not
visible from the lobby or the storefront windows, which shall not be an event of
abandonment so long at the teller line and main public areas of the branch are
in reasonable use); or (f) Tenant is in default beyond any notice and cure
period under any other lease or agreement with Landlord at the Building or
Property. All notices sent under this Section shall be in satisfaction of, and
not in addition to, notice required by Law provided that any such notices are in
the form and are delivered as required by such Law.

19.   REMEDIES.

   19.01 Upon Default, Landlord shall have the right to pursue any one or more
of the following remedies:

                                       9

<PAGE>

      (a) Terminate this Lease, in which case Tenant shall immediately surrender
   the Premises to Landlord. If Tenant fails to surrender the Premises,
   Landlord, in compliance with Law, may enter upon and take possession of the
   Premises and remove Tenant, Tenant's Property and any party occupying the
   Premises. Tenant shall pay Landlord, on demand, all past due Rent and other
   losses and damages Landlord suffers as a result of Tenant's Default,
   including, without limitation, all Costs of Reletting (defined below) and any
   deficiency that may arise from reletting or the failure to relet the
   Premises. "COSTS OF RELETTING" shall include all reasonable costs and
   expenses incurred by Landlord in reletting or attempting to relet the
   Premises, including, without limitation, legal fees, brokerage commissions,
   the cost of alterations and the value of other concessions or allowances
   granted to a new tenant. Notwithstanding the foregoing, if Landlord relets
   the Premises for a term (the "RELET TERM") that extends past the stated
   Termination Date (without consideration of any earlier termination pursuant
   to this Section 19.01), the Proratable Costs of Reletting (hereinafter
   defined) shall be applied as provided herein based on the percentage that the
   length of the Term remaining hereunder on the date Landlord terminates the
   Lease or Tenant's right to possession bears to the length of the Relet Term.
   For example, if there are 2 years left on the Term at the time that Landlord
   terminates possession and, prior to the expiration of such 2 year period,
   Landlord enters into a Relet Term of 10 years with a new tenant, 20% of the
   Proratable Costs of Reletting shall be considered in determining Landlord's
   damages. "PRORATABLE COSTS OF RELETTING" shall mean the cost of renovating,
   decorating and altering the Premises (except to the extent that such work is
   necessary due to the acts of Tenant, it agents, employees or contractors or
   for damage to the Premises other than ordinary wear and tear), brokerage
   fees, and other concessions granted to the new tenant such as a moving
   allowance, lease assumption and rental abatement. Notwithstanding anything
   herein to the contrary, it is agreed that Costs of Reletting shall be offset
   against the rent that Landlord receives in connection with a reletting of the
   Premises and in no event shall the total damages payable by Tenant hereunder
   exceed the amount for which Tenant would be liable if Landlord had not relet
   the Premises or incurred any Costs of Reletting. Landlord agrees to use
   reasonable efforts to mitigate damages, provided that such reasonable efforts
   shall not require Landlord to relet the Premises in preference to any other
   space in the Building or to relet the Premises to any party that Landlord
   could reasonably reject as a transferee pursuant to Section 11 hereof.

      (b) Terminate Tenant's right to possession of the Premises and, in
   compliance with Law, remove Tenant, Tenant's Property and any parties
   occupying the Premises. Landlord may (but shall not be obligated to) relet
   all or any part of the Premises, without notice to Tenant, for such period of
   time and on such terms and conditions (which may include concessions, free
   rent and work allowances) as Landlord in its reasonable discretion shall
   determine. Landlord may collect and receive all rents and other income from
   the reletting. Tenant shall pay Landlord on demand all past due Rent, all
   Costs of Reletting (prorated as described above in Section 19.01(a)) and any
   deficiency arising from the reletting or failure to relet the Premises. The
   re-entry or taking of possession of the Premises shall not be construed as an
   election by Landlord to terminate this Lease.

   19.02 In lieu of calculating damages under Section 19.01, Landlord may elect
to receive as damages the sum of (a) all Rent accrued through the date of
termination of this Lease or Tenant's right to possession, and (b) an amount
equal to the total Rent that Tenant would have been required to pay for the
remainder of the Term discounted to present value at nine percent (9%) per
annum, minus the then present fair rental value of the Premises for the
remainder of the Term, similarly discounted, after deducting all anticipated
Costs of Reletting. If Tenant is in Default of any of its non-monetary
obligations under the Lease, Landlord shall have the right to perform such
obligations. Tenant shall reimburse Landlord for the cost of such performance
upon demand together with an administrative charge equal to seven percent (7%)
of the cost of the work performed by Landlord. The repossession or re-entering
of all or any part of the Premises shall not relieve Tenant of its liabilities
and obligations under this Lease. No right or remedy of Landlord shall be
exclusive of any other right or remedy. Each right and remedy shall be
cumulative and in addition to any other right and remedy now or subsequently
available to Landlord at Law or in equity. Landlord agrees to use reasonable
efforts to mitigate damages, provided that such reasonable efforts shall not
require Landlord to relet the Premises in preference to any other space in the
Building or to relet the Premises to any party that Landlord could reasonably
reject as a transferee pursuant to Section 11 hereof.

20.   LIMITATION OF LIABILITY.

      NOTWITHSTANDING ANYTHING TO THE CONTRARY CONTAINED IN THIS LEASE, THE
LIABILITY OF LANDLORD (AND OF ANY SUCCESSOR LANDLORD) SHALL BE

                                       10

<PAGE>

LIMITED TO THE LESSER OF (A) THE INTEREST OF LANDLORD IN THE PROPERTY, OR (B)
THE EQUITY INTEREST LANDLORD WOULD HAVE IN THE PROPERTY IF THE PROPERTY WERE
ENCUMBERED BY THIRD PARTY DEBT IN AN AMOUNT EQUAL TO 70% OF THE VALUE OF THE
PROPERTY. TENANT SHALL LOOK SOLELY TO LANDLORD'S INTEREST IN THE PROPERTY FOR
THE RECOVERY OF ANY JUDGMENT OR AWARD AGAINST LANDLORD OR ANY LANDLORD RELATED
PARTY. NEITHER LANDLORD NOR ANY LANDLORD RELATED PARTY SHALL BE PERSONALLY
LIABLE FOR ANY JUDGMENT OR DEFICIENCY, AND IN NO EVENT SHALL LANDLORD OR ANY
LANDLORD RELATED PARTY BE LIABLE TO TENANT FOR ANY LOST PROFIT, DAMAGE TO OR
LOSS OF BUSINESS OR ANY FORM OF SPECIAL, INDIRECT OR CONSEQUENTIAL DAMAGE.
BEFORE FILING SUIT FOR AN ALLEGED DEFAULT BY LANDLORD, TENANT SHALL GIVE
LANDLORD AND THE MORTGAGEE(S) WHOM TENANT HAS BEEN NOTIFIED HOLD MORTGAGES
(DEFINED IN SECTION 23 BELOW), NOTICE AND REASONABLE TIME TO CURE THE ALLEGED
DEFAULT.

21.   RELOCATION.

   [INTENTIONALLY OMITTED]

22.   HOLDING OVER.

   If Tenant fails to surrender all or any part of the Premises at the
termination of this Lease, occupancy of the Premises after termination shall be
that of a tenancy at sufferance. Tenant's occupancy shall be subject to all the
terms and provisions of this Lease, and Tenant shall pay an amount (on a per
month basis without reduction for partial months during the holdover) equal to
150% of the sum of the Base Rent and Additional Rent due for the period
immediately preceding the holdover. No holdover by Tenant or payment by Tenant
after the termination of this Lease shall be construed to extend the Term or
prevent Landlord from immediate recovery of possession of the Premises by
summary proceedings or otherwise. If Landlord is unable to deliver possession of
the Premises to a new tenant or to perform improvements for a new tenant as a
result of Tenant's holdover and Tenant fails to vacate the Premises within 15
days after notice from Landlord, Tenant shall be liable for all damages that
Landlord suffers from the holdover.

23.   SUBORDINATION TO MORTGAGES; ESTOPPEL CERTIFICATE.

   23.01 Tenant accepts this Lease subject and subordinate to any mortgage(s),
deed(s) of trust, ground lease(s) or other lien(s) now or subsequently arising
upon the Premises, the Building or the Property, and to renewals, modifications,
refinancings and extensions thereof (collectively referred to as a "MORTGAGE").
The party having the benefit of a Mortgage shall be referred to as a
"MORTGAGEE". This clause shall be self-operative, but upon request from a
Mortgagee, Tenant shall execute a commercially reasonable subordination
agreement in favor of the Mortgagee. As an alternative, a Mortgagee shall have
the right at any time to subordinate its Mortgage to this Lease. Upon request,
Tenant, without charge, shall attorn to any successor to Landlord's interest in
this Lease. Landlord and Tenant shall each, within 10 Business Days after
receipt of a written request from the other, execute and deliver a commercially
reasonable estoppel certificate to those parties as are reasonably requested by
the other (including a Mortgagee or prospective purchaser). Without limitation,
such estoppel certificate may include a certification as to the status of this
Lease, Tenant's knowledge of the existence of any defaults and the amount of
Rent that is due and payable.

   23.02 Notwithstanding the foregoing, upon written request by Tenant, Landlord
will use reasonable efforts to obtain a non-disturbance, subordination and
attornment agreement from Landlord's then current Mortgagee (if any) on such
Mortgagee's then current standard form of agreement. "REASONABLE EFFORTS" of
Landlord shall not require Landlord to incur any cost, expense or liability to
obtain such agreement, it being agreed that Tenant shall be responsible for any
fee or review costs charged by the Mortgagee. Upon request of Landlord, Tenant
will execute the Mortgagee's form of non-disturbance, subordination and
attornment agreement and return the same to Landlord for execution by the
Mortgagee. Landlord's failure to obtain a non-disturbance, subordination and
attornment agreement for Tenant shall have no effect on the rights, obligations
and liabilities of Landlord and Tenant or be considered to be a default by
Landlord hereunder.

24.   NOTICE.

   All demands, approvals, consents or notices (collectively referred to as a
"NOTICE") shall be in writing and delivered by hand or sent by registered or
certified mail with return receipt

                                       11

<PAGE>

requested or sent by overnight or same day courier service at the party's
respective Notice Address(es) set forth in Section 1. Each notice shall be
deemed to have been received on the earlier to occur of actual delivery or the
date on which delivery is refused, or, if Tenant has vacated the Premises or any
other Notice Address of Tenant without providing a new Notice Address, 3 days
after notice is deposited in the U.S. mail or with a courier service in the
manner described above. Either party may, at any time, change its Notice Address
(other than to a post office box address) by giving the other party written
notice of the new address.

25.   SURRENDER OF PREMISES.

   At the termination of this Lease or Tenant's right of possession, Tenant
shall remove Tenant's Property from the Premises, and quit and surrender the
Premises to Landlord, broom clean, and in good order, condition and repair,
casualty not required to be repaired, ordinary wear and tear and damage which
Landlord is obligated to repair hereunder excepted. If Tenant fails to remove
any of Tenant's Property within 2 days after termination of this Lease or
Tenant's right to possession, Landlord, at Tenant's sole cost and expense, shall
be entitled (but not obligated) to remove and store Tenant's Property. Landlord
shall not be responsible for the value, preservation or safekeeping of Tenant's
Property. Tenant shall pay Landlord, upon demand, the expenses and storage
charges incurred. If Tenant fails to remove Tenant's Property from the Premises
or storage, within 30 days after notice, Landlord may deem all or any part of
Tenant's Property to be abandoned and title to Tenant's Property shall vest in
Landlord.

26.   MISCELLANEOUS.

   26.01 This Lease shall be interpreted and enforced in accordance with the
Laws of the state or commonwealth in which the Building is located and Landlord
and Tenant hereby irrevocably consent to the jurisdiction and proper venue of
such state or commonwealth. If any term or provision of this Lease shall to any
extent be void or unenforceable, the remainder of this Lease shall not be
affected. If there is more than one Tenant or if Tenant is comprised of more
than one party or entity, the obligations imposed upon Tenant shall be joint and
several obligations of all the parties and entities, and requests or demands
from any one person or entity comprising Tenant shall be deemed to have been
made by all such persons or entities. Notices to any one person or entity shall
be deemed to have been given to all persons and entities. Tenant represents and
warrants to Landlord that each individual executing this Lease on behalf of
Tenant is authorized to do so on behalf of Tenant and that Tenant is not, and,
to the Tenant's knowledge, the entities or individuals constituting Tenant or
which may own or control Tenant or which may be owned or controlled by Tenant
are not, among the individuals or entities identified on any list compiled
pursuant to Executive Order 13224 for the purpose of identifying suspected
terrorists.

   26.02 If either party institutes a suit against the other for violation of or
to enforce any covenant, term or condition of this Lease, the prevailing party
shall be entitled to all of its costs and expenses, including, without
limitation, reasonable attorneys' fees. Landlord and Tenant hereby waive any
right to trial by jury in any proceeding based upon a breach of this Lease.
Either party's failure to declare a default immediately upon its occurrence, or
delay in taking action for a default, shall not constitute a waiver of the
default, nor shall it constitute an estoppel.

   26.03 Whenever a period of time is prescribed for the taking of an action by
Landlord or Tenant (other than the payment of the Security Deposit or Rent or
any monetary obligation of either party), the period of time for the performance
of such action shall be extended by the number of days that the performance is
actually delayed due to strikes, acts of God, shortages of labor or materials,
war, terrorist acts, civil disturbances and other causes beyond the reasonable
control of the performing party ("FORCE MAJEURE").

   26.04 Landlord shall have the right to transfer and assign, in whole or in
part, all of its rights and obligations under this Lease and in the Building and
Property. Upon transfer Landlord shall be released from any further obligations
hereunder and Tenant agrees to look solely to the successor in interest of
Landlord for the performance of such obligations, provided that, any successor
pursuant to a voluntary, third party transfer (but not as part of an involuntary
transfer resulting from a foreclosure or deed in lieu thereof) shall have
assumed in writing Landlord's obligations under this Lease either by contractual
obligation, assumption agreement or by operation of Law, and further provided
that Landlord and its successors, as the case may be, shall remain liable after
their respective periods of ownership with respect to any sums due in connection
with a breach or default by such party that arose during such period of
ownership by such party.

                                       12

<PAGE>

   26.05 Landlord has delivered a copy of this Lease to Tenant for Tenant's
review only and the delivery of it does not constitute an offer to Tenant or an
option. This Lease shall not be effective against any party hereto until an
original copy of this Lease has been mutually executed by both parties.

      (a) Tenant represents that it has dealt with no broker in connection with
   this Lease. Tenant shall indemnify and hold Landlord and the Landlord Related
   Parties harmless from all claims of any brokers claiming to have represented
   Tenant in connection with this Lease. Landlord agrees to indemnify and hold
   Tenant and the Tenant Related Parties harmless from all claims of any brokers
   claiming to have represented Landlord in connection with this Lease.

      (b) Agency Disclosure. At the signing of this Lease, Landlord's leasing
   agent, Shawn Jackson, of Equity Office Properties Management Corp.
   represented (X) Landlord, (___) Tenant, or (___) both Landlord and Tenant. At
   the signing of this Lease, Tenant's agent, N/A, of N/A, represented (___)
   Landlord, (X) Tenant, or (___) both Landlord and Tenant. Each party signing
   this document confirms that the prior oral and/or written disclosure of
   agency was provided to such party in this transaction, as required by RCW
   18.86.030(1)(g).

      (c) Landlord and Tenant, by their execution of this Lease, each
   acknowledge and agree that they have timely received a pamphlet on the law of
   real estate agency as required under RCW 18.86.030(1)(f).

   26.06 Time is of the essence with respect to Tenant's exercise of any
expansion, renewal or extension rights granted to Tenant. The expiration of the
Term, whether by lapse of time, termination or otherwise, shall not relieve
either party of any obligations which accrued prior to or which may continue to
accrue after the expiration or termination of this Lease.

   26.07 Tenant may peacefully have, hold and enjoy the Premises, subject to the
terms of this Lease, provided Tenant pays the Rent and fully performs all of its
covenants and agreements. This covenant shall be binding upon Landlord and its
successors only during its or their respective periods of ownership of the
Building.

   26.08 This Lease does not grant any rights to light or air over or about the
Building. Landlord excepts and reserves exclusively to itself any and all rights
not specifically granted to Tenant under this Lease. This Lease constitutes the
entire agreement between the parties and supersedes all prior agreements and
understandings related to the Premises, including all lease proposals, letters
of intent and other documents. Neither party is relying upon any warranty,
statement or representation not contained in this Lease. This Lease may be
modified only by a written agreement signed by an authorized representative of
Landlord and Tenant.

                                       13

<PAGE>

      Landlord and Tenant have executed this Lease as of the day and year first
above written.

                                    LANDLORD:

                                    EOP-NORTHWEST PROPERTIES, L.L.C., A DELAWARE
                                    LIMITED LIABILITY COMPANY

                                    By: EOP Operating Limited Partnership, a
                                        Delaware limited partnership, its sole
                                        member

                                        By: Equity Office Properties Trust, a
                                            Maryland real estate investment
                                            trust, its general partner

                                            By: /s/ Susan L. Murphy
                                                -------------------

                                            Name: Susan L. Murphy

                                            Title: Vice President-Leasing
                                                   Seattle Region

                                    TENANT:

                                    EVERGREENBANK, A WASHINGTON CORPORATION

                                    By: /s/ Gerald O. Hatler
                                        --------------------

                                    Name: Gerald O. Hatler

                                    Title: President

                                    Tenant's Tax ID Number (SSN or FEIN):
                                           91-0868436

                                       14

<PAGE>

                            LANDLORD ACKNOWLEDGMENTS

STATE OF WA                 )
COUNTY OF KING              )ss:

      I, the undersigned, a Notary Public, in and for the County and State
aforesaid, do hereby certify that Susan J. Murphy, personally known to me to be
the Vice President of Equity Office Properties Trust, a Maryland real estate
investment trust, and personally known to me to be the same person whose name is
subscribed to the foregoing instrument, appeared before me this day in person
and acknowledged that as such officer of said entity being authorized so to do,
(s)he executed the foregoing instrument on behalf of said entity, by subscribing
the name of such entity by himself/herself as such officer, as a free and
voluntary act, and as the free and voluntary act and deed of said entity under
the foregoing instrument for the uses and purposes therein set forth.

      GIVEN under my hand and official seal this 17th day of February, 2005.

                                                       /s/ Nathan Paul Good
                                                       -----------------------
                                                                 Notary Public

      (SEAL)

                                                       Nathan Paul Good
                                                       -----------------------
                                                                 Printed Name

My Commission Expires: 1/9/08

Residing at: Everett

                             TENANT ACKNOWLEDGMENTS

STATE OF WA                )
COUNTY OF KING             )ss:

      On this the 13th day of January, 2005, before me a Notary Public duly
authorized in and for the said County in the State aforesaid to take
acknowledgments personally appeared Gerald O. Hatler known to me to be the
President of EveregreenBank , one of the parties described in the foregoing
instrument, and acknowledged that as such officer, being authorized so to do,
(s)he executed the foregoing instrument on behalf of said corporation by
subscribing the name of such corporation by himself/herself as such officer and
caused the corporate seal of said corporation to be affixed thereto, as a free
and voluntary act, and as the free and voluntary act of said corporation, for
the uses and purposes therein set forth.

      IN WITNESS WHEREOF, I hereunto set my hand and official seal.

                                                       /s/ Steven Morris
                                                       -----------------------
                                                                 Notary Public

      (SEAL)

                                                       Steven Morris
                                                       -----------------------
                                                                 Printed Name

My Commission Expires: 12/19/08

Residing at: Snohomish

                                       1

<PAGE>

                                   EXHIBIT A-1

                        OUTLINE AND LOCATION OF PREMISES

      This Exhibit is attached to and made a part of the Lease by and between
EOP-NORTHWEST PROPERTIES, L.L.C., A DELAWARE LIMITED LIABILITY COMPANY
("Landlord") and EVERGREENBANK, A WASHINGTON CORPORATION ("Tenant") for space in
the Building located at 1111 Third Avenue, Seattle, Washington.

                                       1

<PAGE>

                                   EXHIBIT A-2

                                LEGAL DESCRIPTION

      This Exhibit is attached to and made a part of the Lease by and between
EOP-NORTHWEST PROPERTIES, L.L.C., A DELAWARE LIMITED LIABILITY COMPANY
("Landlord") and EVERGREENBANK, A WASHINGTON CORPORATION ("Tenant") for space in
the Building located at 1111 Third Avenue, Seattle, Washington.

THE LAND REFERRED TO HEREIN IS SITUATED IN THE STATE OF WASHINGTON, COUNTY OF
KING, AND IS DESCRIBED AS FOLLOWS:

PARCEL A:

LOTS 2, 3, 6 AND 7 IN BLOCK 14 OF ADDITION TO THE TOWN OF SEATTLE, AS LAID OUT
ON THE CLAIMS OF C.D. BOREN AND A.A. DENNY AND H.L. YESLER (COMMONLY KNOWN AS
C.D. BOREN'S ADDITION TO THE CITY OF SEATTLE), AS PER PLAT RECORDED IN VOLUME 1
OF PLATS, PAGE 25, RECORDS OF KING COUNTY;

EXCEPT THE NORTHEASTERLY 9 FEET OF SAID LOTS CONDEMNED FOR STREET PURPOSES IN
KING COUNTY SUPERIOR COURT CAUSE NO. 54135, AS PROVIDED BY ORDINANCE NO. 14345
OF THE CITY OF SEATTLE;

TOGETHER WITH THE NORTHEASTERLY 1/2 OF THE ALLEY ADJOINING SAID PREMISES VACATED
BY ORDINANCE NO. 107147 OF THE CITY OF SEATTLE WHICH ATTACHED BY OPERATION OF
LAW;

SITUATE IN THE CITY OF SEATTLE, COUNTY OF KING, STATE OF WASHINGTON.

PARCEL B:

AN EASEMENT, AS ESTABLISHED UNDER SECTION 1(B) OF THE MEMORANDUM OF DEVELOPMENT
RIGHTS AGREEMENT RECORDED MARCH 8, 1978, UNDER RECORDING NOS. 7803080729, AS
SAID SECTION WAS AMENDED BY SECTION 6(F) OF THE SUBORDINATION AND RECOGNITION
AGREEMENT RECORDED SEPTEMBER 27, 1978 UNDER RECORDING NO. 7809270979, AS
ASSIGNED BY THOSE CERTAIN ASSIGNMENT AND ASSUMPTION OF DEVELOPMENT RIGHTS
AGREEMENTS, EACH DATED AS OF DECEMBER 16, 1997, AND RECORDED UNDER RECORDING NO.
9712190957, 9712190958 AND 9712190959, FOR LIGHT AND AIR ABOVE THE ROOF LINE
HEIGHT OF NOT MORE THAN 163 FEET ABOVE CITY OF SEATTLE DATUM OF THE IMPROVEMENTS
ON THE FOLLOWING DESCRIBED PROPERTY:

LOTS 1, 4, 5 AND 8 IN BLOCK 14 OF ADDITION TO THE TOWN OF SEATTLE, AS LAID OUT
ON THE CLAIMS OF C.D. BOREN AND A.A. DENNY AND H.L. YESLER (COMMONLY KNOWN AS
C.D. BOREN'S ADDITION TO THE CITY OF SEATTLE), AS PER PLAT RECORDED IN VOLUME 1
OF PLATS, PAGE 25, RECORDS OF KING COUNTY;

EXCEPT THE SOUTHWESTERLY 12 FEET THEREOF CONDEMNED FOR STREET PURPOSES IN
DISTRICT COURT CAUSE NO. 7079 AS PROVIDED BY ORDINANCE NO. 1107 OF THE CITY OF
SEATTLE;

TOGETHER WITH THAT PORTION OF THE ALLEY ADJOINING SAID PREMISES VACATED BY
ORDINANCE NO. 107147 OF THE CITY OF SEATTLE WHICH ATTACHED BY OPERATION OF LAW;

SITUATE IN THE CITY OF SEATTLE, COUNTY OF KING, STATE OF WASHINGTON.

                                       1

<PAGE>

                                    EXHIBIT B

                               EXPENSES AND TAXES

      This Exhibit is attached to and made a part of the Lease by and between
EOP-NORTHWEST PROPERTIES, L.L.C., A DELAWARE LIMITED LIABILITY COMPANY
("Landlord") and EVERGREENBANK, A WASHINGTON CORPORATION ("Tenant") for space in
the Building located at 1111 Third Avenue, Seattle, Washington.

1.    PAYMENTS.

   1.01 Tenant shall pay Tenant's Pro Rata Share of the amount, if any, by which
Expenses (defined below) for each calendar year during the Term exceed Expenses
for the Base Year (the "EXPENSE EXCESS") and also the amount, if any, by which
Taxes (defined below) for each calendar year during the Term exceed Taxes for
the Base Year (the "TAX EXCESS"). If Expenses or Taxes in any calendar year
decrease below the amount of Expenses or Taxes for the Base Year, Tenant's Pro
Rata Share of Expenses or Taxes, as the case may be, for that calendar year
shall be $0. Landlord shall provide Tenant with a good faith estimate of the
Expense Excess and of the Tax Excess for each calendar year during the Term. On
or before the first day of each month, Tenant shall pay to Landlord a monthly
installment equal to one-twelfth of Tenant's Pro Rata Share of Landlord's
estimate of both the Expense Excess and Tax Excess. After its receipt of the
revised estimate, Tenant's monthly payments shall be based upon the revised
estimate. If Landlord does not provide Tenant with an estimate of the Expense
Excess or the Tax Excess by January 1 of a calendar year, Tenant shall continue
to pay monthly installments based on the previous year's estimate(s) until
Landlord provides Tenant with the new estimate.

   1.02 As soon as is practical following the end of each calendar year,
Landlord shall furnish Tenant with a statement of the actual Expenses and
Expense Excess and the actual Taxes and Tax Excess for the prior calendar year.
Landlord shall use reasonable efforts to furnish the statement of actual
Expenses on or before June 1 of the calendar year immediately following the
calendar year to which the statement applies. If the estimated Expense Excess or
estimated Tax Excess for the prior calendar year is more than the actual Expense
Excess or actual Tax Excess, as the case may be, for the prior calendar year,
Landlord shall either provide Tenant with a refund or apply any overpayment by
Tenant against Additional Rent due or next becoming due, provided if the Term
expires before the determination of the overpayment, Landlord shall refund any
overpayment to Tenant after first deducting the amount of Rent due. Any
overpayment equal to or less than 1 month's installment of Base Rent plus
Additional Rent shall, at Landlord's option, be refunded to Tenant or credited
against the installments of Base Rent and Additional Rent due for the month(s)
immediately following the furnishing of such estimate. In the event of any
overpayment in excess of the equivalent of 1 month's installment of Base Rent
plus Additional Rent, the excess, at Tenant's option, shall be refunded to
Tenant or credited against the installment(s) of Base Rent and Additional Rent
due for the months immediately following the furnishing of such estimate. If the
estimated Expense Excess or estimated Tax Excess for the prior calendar year is
less than the actual Expense Excess or actual Tax Excess, as the case may be,
for such prior year, Tenant shall pay Landlord, within 30 days after its receipt
of the statement of Expenses or Taxes, any underpayment for the prior calendar
year.

2.    EXPENSES.

   2.01 "EXPENSES" means all costs and expenses incurred in each calendar year
in connection with operating, maintaining, repairing, and managing the Building
and the Property. Landlord agrees to act in a commercially reasonable manner in
incurring Expenses, taking into consideration the Class A nature of the
Building. Expenses include, without limitation: (a) all labor and labor related
costs, for employees directly involved in the operation and maintenance of the
Building and the Property for personnel at or below the level of general
manager, provided that if any employee performs services in connection with the
Building and other buildings, costs associated with such employee may be
proportionately included in Expenses based on the percentage of time such
employee spends in connection with the operation, maintenance, repair and
managing of the Building, including wages, salaries, bonuses, taxes, insurance,
uniforms, training, retirement plans, pension plans and other employee benefits;
(b) management fees, however, in no event shall the management fees for the
Building (expressed as a percentage of gross receipts for the Building) exceed
the prevailing market management fees (expressed as a percentage of gross
receipts), plus 1% of such fees, for comparable third party management companies
offering comparable management services in office buildings similar to the
Building in class, size, age and location; (c) the cost of equipping, staffing
and operating an on-site and/or off-site management office for the Building,
provided if the management office services one or more other buildings or
properties, the shared costs and expenses of equipping, staffing and operating
such management office(s) shall be equitably prorated and apportioned between
the Building and the other buildings or properties; (d) accounting costs; (e)
the cost of services; (f) rental and purchase cost of parts, supplies, tools and
equipment; (g) insurance premiums and deductibles; (h) electricity, gas and
other utility costs (excluding the cost of providing a given utility service to
individual tenant spaces if Tenant is billed directly for the cost of providing
such utility service to the

                                        1

<PAGE>

Premises as a separate charge in addition to Base Rent and Tenant's Pro Rata
Share of Expenses); and (i) the amortized cost of capital improvements (as
distinguished from replacement parts or components installed in the ordinary
course of business) made subsequent to the Base Year which are: (1) performed
primarily to reduce current or future operating expense costs, upgrade Building
security or otherwise improve the operating efficiency of the Property; or (2)
required to comply with any Laws that are enacted, or first interpreted to apply
to the Property, after the date of this Lease. The cost of capital improvements
shall be amortized by Landlord over the lesser of the Payback Period (defined
below) or the useful life of the capital improvement as reasonably determined by
Landlord. The amortized cost of capital improvements may, at Landlord's option,
include actual or imputed interest at the rate that Landlord would reasonably be
required to pay to finance the cost of the capital improvement. "PAYBACK PERIOD"
means the reasonably estimated period of time that it takes for the cost savings
resulting from a capital improvement to equal the total cost of the capital
improvement. Landlord, by itself or through an affiliate, shall have the right
to directly perform, provide and be compensated for any services under this
Lease. If Landlord incurs Expenses for the Building or Property together with
one or more other buildings or properties, whether pursuant to a reciprocal
easement agreement, common area agreement or otherwise, the shared costs and
expenses shall be equitably prorated and apportioned between the Building and
Property and the other buildings or properties.

   2.02  Expenses shall not include:

      (i)     the cost of capital improvements (except as set forth above);

      (ii)    depreciation;

      (iii)   principal payments of mortgage and other non-operating debts of
              Landlord;

      (iv)    the cost of repairs or other work to the extent Landlord is
              reimbursed by insurance or condemnation proceeds or any third
              party;

      (v)     costs in connection with leasing space in the Building, including
              brokerage commissions, brochures and marketing supplies;

      (vi)    lease concessions, rental abatements, and construction allowances
              granted to specific tenants;

      (vii)   costs incurred in connection with the sale, financing or
              refinancing of the Building;

      (viii)  fines, interest and penalties incurred due to the late payment of
              Taxes or Expenses;

      (ix)    organizational expenses associated with the creation and operation
              of the entity which constitutes Landlord;

      (x)     any penalties or damages that Landlord pays to Tenant under this
              Lease or to other tenants in the Building under their respective
              leases;

      (xi)    sums (other than management fees, it being agreed that the
              management fees included in Expenses are as described in Section
              2.01 above) paid to subsidiaries or other affiliates of Landlord
              for services on or to the Property, Building and/or Premises, but
              only to the extent that the costs of such services exceed the
              competitive cost for such services rendered by persons or entities
              of similar skill, competence and experience;

      (xii)   any fines, penalties or interest resulting from the negligence or
              willful misconduct of the Landlord or its agents, contractors, or
              employees;

      (xiii)  advertising and promotional expenditures;

      (xiv)   Landlord's charitable and political contributions;

      (xv)    attorneys' fees and other expenses incurred in connection with
              negotiations or disputes with, or leasing to, tenants or
              prospective tenants of the Building; fines or penalties incurred
              by Landlord for violations of any applicable Law; legal expenses
              arising out of (i) the negotiation, preparation or termination of
              leases or other occupancy agreements, (ii) the interpretation of
              leases or other occupancy agreements, (iii) the enforcement of the
              provisions of any lease or other occupancy agreement affecting the
              Property or Building including without limitation this Lease, (iv)
              any action against a present or former tenant or occupant under a
              lease or other occupancy agreement, including, without limitation,
              eviction, distraint, levy and collection actions;

      (xvi)   the cost or expense of any services or benefits provided generally
              to other tenants in the Building and not provided or available to
              Tenant;

      (xvii)  all costs of purchasing or leasing major sculptures, paintings or
              other major works or objects of art (as opposed to decorations
              purchased or leased by Landlord for display in the Common Areas of
              the Building);

      (xviii) any expenses for which Landlord has received actual reimbursement
              (other than through Expenses);

      (xix)   costs incurred by Landlord in connection with the correction of
              defects in design and original construction of the Building or
              Property;

      (xx)    any cost or expense related to removal, cleaning, abatement or
              remediation of hazardous materials in or about the Building,
              Common Area or Property, including, without limitation, asbestos,
              except to the extent such removal, cleaning, abatement or
              remediation is related to the general repair and maintenance of
              the Building, Common Area or Property;

                                       2
<PAGE>

            (xxi) fines or penalties incurred as a result of violation by
                  Landlord of any applicable Laws.

      2.03  If at any time during a calendar year the Building is not at
least 95% occupied or Landlord is not supplying services to at least 95% of the
total Rentable Square Footage of the Building, Expenses shall be determined as
if the Building had been 95% occupied and Landlord had been supplying services
to 95% of the Rentable Square Footage of the Building. If Expenses for a
calendar year are determined as provided in the prior sentence, Expenses for the
Base Year shall also be determined in such manner. Notwithstanding the
foregoing, Landlord may calculate the extrapolation of Expenses under this
Section based on 100% occupancy and service so long as such percentage is used
consistently for each year of the Term. The extrapolation of Expenses under this
Section shall be performed in accordance with the methodology specified by the
Building Owners and Managers Association.

3.    "TAXES" shall mean: (a) all real property taxes and other assessments
on the Building and/or Property, including, but not limited to, gross receipts
taxes, assessments for special improvement districts and building improvement
districts, governmental charges, fees and assessments for police, fire, traffic
mitigation or other governmental service of purported benefit to the Property,
taxes and assessments levied in substitution or supplementation in whole or in
part of any such taxes and assessments and the Property's share of any real
estate taxes and assessments under any reciprocal easement agreement, common
area agreement or similar agreement as to the Property; (b) all personal
property taxes for property that is owned by Landlord and used in connection
with the operation, maintenance and repair of the Property; and (c) all costs
and fees incurred in connection with seeking reductions in any tax liabilities
described in (a) and (b), including, without limitation, any commercially
reasonable costs incurred by Landlord for compliance, review and appeal of tax
liabilities. Without limitation, Taxes shall not include any income, capital
levy, transfer, capital stock, gift, estate or inheritance tax. If a change in
Taxes is obtained for any year of the Term during which Tenant paid Tenant's Pro
Rata Share of any Tax Excess, then Taxes for that year will be retroactively
adjusted and Landlord shall provide Tenant with a credit, if any, based on the
adjustment. Likewise, if a change is obtained for Taxes for the Base Year, Taxes
for the Base Year shall be restated and the Tax Excess for all subsequent years
shall be recomputed. Tenant shall pay Landlord the amount of Tenant's Pro Rata
Share of any such increase in the Tax Excess within 30 days after Tenant's
receipt of a statement from Landlord. Any tax assessments, including special
assessments, on or against the Building, Land, improvements, common areas, or
betterment shall be computed over the longest period of time as permitted by law
without penalty and Tenant shall only be responsible for that percentage
assessment or installment that the then remaining portion of the Lease Term
bears to the useful life of the public improvement or betterments as reasonably
determined by Landlord.

4.    AUDIT RIGHTS. Tenant, within 365 days after receiving Landlord's
statement of Expenses, may give Landlord written notice ("REVIEW NOTICE") that
Tenant intends to review Landlord's records of the Expenses for the calendar
year to which the statement applies. Within a reasonable time after receipt of
the Review Notice, Landlord shall make all pertinent records available for
inspection that are reasonably necessary for Tenant to conduct its review. If
any records are maintained at a location other than the management office for
the Building, Tenant may either inspect the records at such other location or
pay for the reasonable cost of copying and shipping the records. If Tenant
retains an agent to review Landlord's records, the agent must be with a CPA firm
licensed to do business in the state or commonwealth where the Property is
located. Tenant shall be solely responsible for all costs, expenses and fees
incurred for the audit. Within 90 days after the records are made available to
Tenant, Tenant shall have the right to give Landlord written notice (an
"OBJECTION NOTICE") stating in reasonable detail any objection to Landlord's
statement of Expenses for that year. If Tenant fails to give Landlord an
Objection Notice within the 90 day period or fails to provide Landlord with a
Review Notice within the 365 day period described above, Tenant shall be deemed
to have approved Landlord's statement of Expenses and shall be barred from
raising any claims regarding the Expenses for that year. The records obtained by
Tenant shall be treated as confidential. In no event shall Tenant be permitted
to examine Landlord's records or to dispute any statement of Expenses unless
Tenant has paid and continues to pay all Rent when due. If Landlord and Tenant
determine that Expenses for the calendar year are less than reported, Landlord
shall provide Tenant with a refund in the amount of the overpayment by Tenant.
In addition, if Landlord and Tenant determine that Expenses for the calendar
year were less than stated by more than 5%, Landlord, within 30 days after its
receipt of paid invoices therefor from Tenant, shall reimburse Tenant for any
reasonable amounts paid by Tenant to third parties in connection with such
review by Tenant. Likewise, if Landlord and Tenant determine that Expenses for
the calendar year are greater than reported, Tenant shall pay Landlord the
amount of any underpayment within 30 days. The records obtained by Tenant shall
be treated as confidential, except to the extent that such information is used
by Tenant to contest Expenses and to the extent Tenant is compelled to disclose
such information by court order.

                                        3
<PAGE>

                                    EXHIBIT C

                                   WORK LETTER

      This Exhibit is attached to and made a part of the Lease by and between
EOP-NORTHWEST PROPERTIES, L.L.C., A DELAWARE LIMITED LIABILITY COMPANY
("Landlord") and EVERGREENBANK, A WASHINGTON CORPORATION ("Tenant") for space in
the Building located at 1111 Third Avenue, Seattle, Washington.

As used in this Workletter, the "Premises" shall be deemed to mean the Premises,
as initially defined in the attached Lease.

1.    Tenant, following the delivery of the Premises by Landlord and the full
      and final execution and delivery of the Lease to which this Exhibit is
      attached and all prepaid rental and security deposits required under such
      agreement, shall have the right to perform alterations and improvements in
      the Premises (the "INITIAL ALTERATIONS"). Notwithstanding the foregoing,
      Tenant and its contractors shall not have the right to perform Initial
      Alterations in the Premises unless and until Tenant has complied with all
      of the terms and conditions Section 9 of the Lease, including, without
      limitation, approval by Landlord of the final plans for the Initial
      Alterations and the contractors to be retained by Tenant to perform such
      Initial Alterations; further, any mechanical and/or electrical
      subcontractor(s) will be designated by Landlord in Landlord's sole
      discretion. Tenant shall be responsible for all elements of the design of
      Tenant's plans (including, without limitation, compliance with law,
      functionality of design, the structural integrity of the design, the
      configuration of the Premises and the placement of Tenant's furniture,
      appliances and equipment), and Landlord's approval of Tenant's plans shall
      in no event relieve Tenant of the responsibility for such design.
      Landlord's approval of the contractors to perform the Initial Alterations
      shall not be unreasonably withheld; Landlord approves JMS Construction to
      act as the general contractor performing the Initial Alterations. The
      parties agree that Landlord's approval of the general contractor to
      perform the Initial Alterations shall not be considered to be unreasonably
      withheld if any such general contractor (i) does not have trade references
      reasonably acceptable to Landlord, (ii) does not maintain insurance as
      required pursuant to the terms of this Lease, (iii) does not have the
      ability to be bonded for the work in an amount of no less than 150% of the
      total estimated cost of the Initial Alterations, (iv) does not provide
      current financial statements reasonably acceptable to Landlord, or (v) is
      not licensed as a contractor in the state/municipality in which the
      Premises is located. Tenant acknowledges the foregoing is not intended to
      be an exclusive list of the reasons why Landlord may reasonably withhold
      its consent to a general contractor.

2.    Provided Tenant is not in default after applicable notice and cure
      periods, Landlord agrees to contribute the sum of $75,880.00 (i.e., $10.00
      per rentable square foot of the Premises) (the "ALLOWANCE") toward the
      cost of performing the Initial Alterations in preparation of Tenant's
      occupancy of the Premises. The Allowance may only be used for the cost of
      preparing design and construction documents and mechanical and electrical
      plans for the Initial Alterations, project management fees, sales tax,
      cabling, permits, and for hard costs in connection with the Initial
      Alterations. The Allowance shall be paid to Tenant within 30 days
      following receipt by Landlord of (1) receipted bills covering all labor
      and materials expended and used in the Initial Alterations; (2) a sworn
      contractor's affidavit from the general contractor and a request to
      disburse from Tenant containing an approval by Tenant of the work done;
      (3) full and final waivers of lien; (4) as-built plans of the Initial
      Alterations; and (5) the certification of Tenant and its architect that
      the Initial Alterations have been installed in a good and workmanlike
      manner in accordance with the approved plans, and in accordance with
      applicable laws, codes and ordinances. The Allowance shall be disbursed in
      the amount reflected the requirements above. Notwithstanding anything
      herein to the contrary, Landlord shall not be obligated to disburse any
      portion of the Allowance during the continuance of an uncured default
      under the Lease, and Landlord's obligation to disburse shall only resume
      when and if such default is cured.

3.    In no event shall the Allowance be used for the purchase of equipment,
      furniture or other items of personal property of Tenant. If Tenant does
      not submit a request for payment of the entire Allowance to Landlord in
      accordance with the provisions contained in this Exhibit by December 31,
      2005, any unused amount shall accrue to the sole benefit of Landlord, it
      being understood that Tenant shall not be entitled to any credit,
      abatement or other concession in connection therewith. Tenant shall be
      responsible for all applicable state

                                        1
<PAGE>

      sales or use taxes, if any, payable in connection with the Initial
      Alterations and/or Allowance. Landlord shall be entitled to deduct from
      the Allowance a construction management fee for Landlord's oversight of
      the Initial Alterations in an amount equal to 3.5% of the total cost of
      the Initial Alterations.

4.    Tenant agrees to accept the Premises in its "as-is" condition and
      configuration, it being agreed that Landlord shall not be required to
      perform any work or, except as provided above with respect to the
      Allowance, incur any costs in connection with the construction or
      demolition of any improvements in the Premises. However, Landlord will
      ensure that the existing tenant in the Premises removes the two (2)
      existing vaults and the existing teller line from the Premises prior to
      the delivery of the Premises to Tenant.

5.    This Exhibit shall not be deemed applicable to any additional space added
      to the Premises at any time or from time to time, whether by any options
      under the Lease or otherwise, or to any portion of the original Premises
      or any additions to the Premises in the event of a renewal or extension of
      the original Term of the Lease, whether by any options under the Lease or
      otherwise, unless expressly so provided in the Lease or any amendment or
      supplement to the Lease.

                                        2
<PAGE>

                                    EXHIBIT D

                               COMMENCEMENT LETTER
                             (INTENTIONALLY OMITTED)

                                       1
<PAGE>

                                    EXHIBIT E

                         BUILDING RULES AND REGULATIONS

      This Exhibit is attached to and made a part of the Lease by and between
EOP-NORTHWEST PROPERTIES, L.L.C., A DELAWARE LIMITED LIABILITY COMPANY
("Landlord") and EVERGREENBANK, A WASHINGTON CORPORATION ("Tenant") for space in
the Building located at 1111 Third Avenue, Seattle, Washington.

      The following rules and regulations shall apply, where applicable, to the
Premises, the Building, the parking facilities (if any), the Property and the
appurtenances. In the event of a conflict between the following rules and
regulations and the remainder of the terms of the Lease, the remainder of the
terms of the Lease shall control. Capitalized terms have the same meaning as
defined in the Lease.

1.    Sidewalks, doorways, vestibules, halls, stairways and other similar areas
      shall not be obstructed by Tenant or used by Tenant for any purpose other
      than ingress and egress to and from the Premises. No rubbish, litter,
      trash, or material shall be placed, emptied, or thrown in those areas. At
      no time shall Tenant permit Tenant's employees to loiter in Common Areas
      or elsewhere about the Building or Property.

2.    Plumbing fixtures and appliances shall be used only for the purposes for
      which designed and no sweepings, rubbish, rags or other unsuitable
      material shall be thrown or placed in the fixtures or appliances. Damage
      resulting to fixtures or appliances by Tenant, its agents, employees or
      invitees shall be paid for by Tenant and Landlord shall not be responsible
      for the damage.

3.    So long as Tenant is not in default under the Lease beyond the expiration
      of applicable grace periods, and subject to applicable code restrictions,
      Tenant shall have the right to install signage identifying the original
      Tenant (i.e., EvergreenBank), but not any subtenant or assignee of Tenant,
      as reasonably designated by Landlord. The size, method of attachment,
      design and materials comprising such signage shall all be subject to
      Landlord's prior written approval. Tenant will be solely responsible for
      any costs associated with the maintenance of such signage (such
      maintenance to be performed by Landlord unless Landlord otherwise elects
      to require Tenant maintain such signage). At the expiration or sooner
      termination of this Lease, Tenant, at Tenant's sole cost and expense,
      shall remove any such signage and repair all damage to the Building caused
      by the installation and/or removal of such signage, to the reasonable
      satisfaction of Landlord. No other signs, advertisements or notices shall
      be painted or affixed to windows, doors or other parts of the Building,
      except those of such color, size, style and in such places as are first
      approved in writing by Landlord. All tenant identification and suite
      numbers at the entrance to the Premises shall be installed by Landlord, at
      Tenant's cost and expense, using the standard graphics for the Building.
      Except in connection with the hanging of lightweight pictures and wall
      decorations, no nails, hooks or screws shall be inserted into any part of
      the Premises or Building except by the Building maintenance personnel
      without Landlord's prior approval, which approval shall not be
      unreasonably withheld.

4.    Landlord may provide and maintain in the first floor (main lobby) of the
      Building an alphabetical directory board or other directory device listing
      tenants and no other directory shall be permitted unless previously
      consented to by Landlord in writing.

5.    Tenant shall not place any lock(s) on any door in the Premises or
      Building, except those that are typically Secured Areas of a banking and
      financial institution, without Landlord's prior written consent, which
      consent shall not be unreasonably withheld, and Landlord shall have the
      right at all times to retain and use keys or other access codes or devices
      to all locks within and into the Premises. A reasonable number of keys to
      the locks on the entry doors in the Premises shall be furnished by
      Landlord to Tenant at Tenant's cost and Tenant shall not make any
      duplicate keys. All keys shall be returned to Landlord at the expiration
      or early termination of the Lease.

6.    All contractors, contractor's representatives and installation technicians
      performing work in the Building shall be subject to Landlord's prior
      approval, which approval shall not be unreasonably withheld, and shall be
      required to comply with Landlord's standard rules, regulations, policies
      and procedures, which may be revised from time to time.

                                        1
<PAGE>

7.    Movement in or out of the Building of furniture or office equipment, or
      dispatch or receipt by Tenant of merchandise or materials requiring the
      use of elevators, stairways, lobby areas or loading dock areas, shall be
      restricted to hours reasonably designated by Landlord. Tenant shall obtain
      Landlord's prior approval by providing a detailed listing of the activity,
      which approval shall not be unreasonably withheld. If approved by
      Landlord, the activity shall be under the supervision of Landlord and
      performed in the manner required by Landlord. Tenant shall assume all risk
      for damage to articles moved and injury to any persons resulting from the
      activity. If equipment, property, or personnel of Landlord or of any other
      party is damaged or injured as a result of or in connection with the
      activity, Tenant shall be solely liable for any resulting damage, loss or
      injury.

8.    Landlord shall have the right to approve the weight, size, or location of
      heavy equipment or articles in and about the Premises, which approval
      shall not be unreasonably withheld. Damage to the Building by the
      installation, maintenance, operation, existence or removal of Tenant's
      Property shall be repaired at Tenant's sole expense.

9.    Corridor doors, when not in use, shall be kept closed.

10.   Tenant shall not: (1) make or permit any improper, objectionable or
      unpleasant noises or odors in the Building, or otherwise interfere in any
      way with other tenants or persons having business with them; (2) solicit
      business or distribute or cause to be distributed, in any portion of the
      Building, handbills, promotional materials or other advertising; or (3)
      conduct or permit other activities in the Building that might, in
      Landlord's sole opinion, constitute a nuisance.

11.   No animals, except those assisting handicapped persons, shall be brought
      into the Building or kept in or about the Premises.

12.   No inflammable, explosive or dangerous fluids or substances shall be used
      or kept by Tenant in the Premises, Building or about the Property, except
      for those substances as are typically found in similar premises used for
      general office purposes and are being used by Tenant in a safe manner and
      in accordance with all applicable Laws. Tenant shall not, without
      Landlord's prior written consent, use, store, install, spill, remove,
      release or dispose of, within or about the Premises or any other portion
      of the Property, any asbestos-containing materials or any solid, liquid or
      gaseous material now or subsequently considered toxic or hazardous under
      the provisions of 42 U.S.C. Section 9601 et seq. or any other applicable
      environmental Law which may now or later be in effect. Tenant shall comply
      with all Laws pertaining to and governing the use of these materials by
      Tenant and shall remain solely liable for the costs of abatement and
      removal.

13.   Tenant shall not use or occupy the Premises in any manner or for any
      purpose which might injure the reputation or impair the present or future
      value of the Premises or the Building. Tenant shall not use, or permit any
      part of the Premises to be used for lodging, sleeping or for any illegal
      purpose.

14.   Tenant shall not take any action which would violate Landlord's labor
      contracts or which would cause a work stoppage, picketing, labor
      disruption or dispute or interfere with Landlord's or any other tenant's
      or occupant's business or with the rights and privileges of any person
      lawfully in the Building ("LABOR DISRUPTION"). Tenant shall take the
      actions necessary to resolve the Labor Disruption, and shall have pickets
      removed and, at the request of Landlord, immediately terminate any work in
      the Premises that gave rise to the Labor Disruption, until Landlord gives
      its written consent for the work to resume. Tenant shall have no claim for
      damages against Landlord or any of the Landlord Related Parties nor shall
      the Commencement Date of the Term be extended as a result of the above
      actions.

15.   Tenant shall not install, operate or maintain in the Premises or in any
      other area of the Building, electrical equipment that would overload the
      electrical system beyond its capacity for proper, efficient and safe
      operation as determined solely by Landlord. Tenant shall not furnish
      cooling or heating to the Premises, including, without limitation, the use
      of electric or gas heating devices, without Landlord's prior written
      consent. Tenant shall not use more than its proportionate share of
      telephone lines and other telecommunication facilities available to
      service the Building.

16.   Tenant shall not operate or permit to be operated a coin or token operated
      vending machine or similar device (including, without limitation,
      telephones, lockers, toilets,

                                        2
<PAGE>

      scales, amusement devices and machines for sale of beverages, foods,
      candy, cigarettes and other goods), except for machines for the exclusive
      use of Tenant's employees and invitees.

17.   Bicycles and other vehicles are not permitted inside the Building or on
      the walkways outside the Building, except in areas designated by Landlord.

18.   Landlord may from time to time adopt systems and procedures for the
      security and safety of the Building and Property, its occupants, entry,
      use and contents. Tenant, its agents, employees, contractors, guests and
      invitees shall comply with Landlord's systems and procedures.

19.   Landlord shall have the right to prohibit the use of the name of the
      Building or any other publicity by Tenant that in Landlord's sole opinion
      may impair the reputation of the Building or its desirability. Upon
      written notice from Landlord, Tenant shall refrain from and discontinue
      such publicity immediately.

20.   Neither Tenant nor its agents, employees, contractors, guests or invitees
      shall smoke or permit smoking in the Common Areas, unless a portion of the
      Common Areas have been declared a designated smoking area by Landlord, nor
      shall the above parties allow smoke from the Premises to emanate into the
      Common Areas or any other part of the Building. Landlord shall have the
      right to designate the Building (including the Premises) as a non-smoking
      building.

21.   Landlord shall have the right to designate and approve standard window
      coverings for the Premises and to establish rules to assure that the
      Building presents a uniform exterior appearance. Tenant shall ensure, to
      the extent reasonably practicable, that window coverings are closed on
      windows in the Premises while they are exposed to the direct rays of the
      sun.

22.   Deliveries to and from the Premises shall be made only at the times in the
      areas and through the entrances and exits reasonably designated by
      Landlord. Tenant shall not make deliveries to or from the Premises in a
      manner that might interfere with the use by any other tenant of its
      premises or of the Common Areas, any pedestrian use, or any use which is
      inconsistent with good business practice.

23.   The work of cleaning personnel shall not be hindered by Tenant after 5:30
      P.M., and cleaning work may be done at any time when the offices are
      vacant. Windows, doors and fixtures may be cleaned at any time. Tenant
      shall provide adequate waste and rubbish receptacles to prevent
      unreasonable hardship to the cleaning service.

                                        3
<PAGE>

                                    EXHIBIT F

                              ADDITIONAL PROVISIONS

      This Exhibit is attached to and made a part of the Lease by and between
EOP-NORTHWEST PROPERTIES, L.L.C., A DELAWARE LIMITED LIABILITY COMPANY
("Landlord") and EVERGREENBANK, A WASHINGTON CORPORATION ("Tenant") for space in
the Building located at 1111 Third Avenue, Seattle, Washington.

1.    PARKING.

      1.01  During the initial Term and the Extended Term, if any, Landlord
            shall lease to Tenant, or cause the operator (the "OPERATOR") of the
            garage servicing the Building (the "GARAGE") to lease to Tenant, and
            Tenant shall have the right but not the obligation to lease from
            Landlord or such Operator, a total of 4 unreserved parking spaces
            and 2 reserved parking spaces (collectively, the "Spaces") in the
            Building garage (the "GARAGE") for the use of Tenant, its employees
            and customers. During the initial Term, Tenant shall pay Landlord,
            as Additional Rent in accordance with Article 4 of the Lease, the
            sum of $260.00 per month, plus applicable tax thereon, if any, for
            each unreserved Space leased by Tenant hereunder, and the sum of
            $390.00 per month, plus applicable tax thereon, if any, for each
            reserved Space leased by Tenant hereunder, as such rates may be
            adjusted from time-to-time to reflect the then current rate for
            parking in the Garage. If requested by Landlord, Tenant shall
            execute and deliver to Landlord the standard parking agreement used
            by Landlord or the Operator (the "PARKING AGREEMENT") in the Garage
            for such Spaces.

      1.02  No deductions or allowances shall be made for days when Tenant or
            any of its employees does not utilize the parking facilities or for
            Tenant utilizing less than all of the Spaces. Tenant shall not have
            the right to lease or otherwise use more than the number of reserved
            and unreserved Spaces set forth above.

      1.03  Except for particular spaces and areas designated by Landlord or the
            Operator for reserved parking, all parking in the Garage shall be on
            an unreserved, first-come, first-served basis.

      1.04  Neither Landlord nor the Operator shall be responsible for money,
            jewelry, automobiles or other personal property lost in or stolen
            from the Garage regardless of whether such loss or theft occurs when
            the Garage or other areas therein are locked or otherwise secured.
            Except as caused by the negligence or willful misconduct of Landlord
            or its employees, and without limiting the terms of the preceding
            sentence, Landlord shall not be liable for any loss, injury or
            damage to persons using the Garage or automobiles or other property
            therein, it being agreed that, to the fullest extent permitted by
            law, the use of the Spaces shall be at the sole risk of Tenant and
            its employees.

      1.05  Landlord or its Operator shall have the right from time to time to
            designate the location of the Spaces and to promulgate reasonable
            rules and regulations regarding the Garage, the Spaces and the use
            thereof, including, but not limited to, rules and regulations
            controlling the flow of traffic to and from various parking areas,
            the angle and direction of parking and the like. Tenant shall comply
            with and cause its employees to comply with all such rules and
            regulations, all reasonable additions and amendments thereto, and
            the terms and provisions of the Parking Agreement.

      1.06  Tenant shall not store or permit its employees to store any
            automobiles in the Garage without the prior written consent of
            Landlord. Except for emergency repairs, Tenant and its employees
            shall not perform any work on any automobiles while located in the
            Garage or on the Property. If it is necessary for Tenant or its
            employees to leave an automobile in the Garage overnight, Tenant
            shall provide Landlord with prior notice thereof designating the
            license plate number and model of such automobile.

      1.07  Landlord or the Operator shall have the right to temporarily close
            the Garage or certain areas therein in order to perform necessary
            repairs, maintenance and improvements to the Garage.

                                        1
<PAGE>

      1.08  Except in connection with a Permitted Transfer or an assignment or
            sublease of the Premises approved by Landlord, Tenant shall not
            assign or sublease any of the Spaces without the consent of
            Landlord. Landlord shall have the right to terminate the agreement
            contained in this Section 1 or in the Parking Agreement with respect
            to any Spaces that Tenant desires to sublet or assign.

      1.09  As of the date of this Lease, Landlord has elected to control access
            to the Garage by providing parking access cards. Landlord shall
            provide Tenant with one initial card for each Space that Tenant is
            leasing hereunder, provided that Landlord shall have the right to
            require Tenant or its employees to place a deposit on subsequent or
            replacement access cards and to pay a fee for any lost or damaged
            cards or keys.

      1.10  In addition to Tenant's monthly parking for the use of Tenant and
            its employees described in 1.01 above, Landlord and Tenant agree
            that Landlord or the Operator shall provide pre-paid parking
            validation stickers or prepaid coupon books to Tenant for the use of
            Tenant's customers, clients and invitees for their short term,
            hourly parking at a the then-current applicable rate for short-term
            parking in the Garage; Tenant will be afforded a ten percent (10%)
            discount from the Garage's standard parking rates (as the same may
            change from time to time) for such validation stickers and/or coupon
            books.

2.    CONDITION PRECEDENT. [INTENTIONALLY OMITTED]

3.    RENEWAL OPTION.

      3.01  Grant of Option; Conditions. Tenant shall have the right to extend
            the Term (the "RENEWAL OPTION") for one additional period of 5 years
            commencing on the day following the Termination Date of the initial
            Term and ending on the 5th anniversary of the Termination Date (the
            "RENEWAL TERM"), if:

            (1)   Landlord receives notice of exercise ("INITIAL RENEWAL
                  NOTICE") not less than 12 full calendar months prior to the
                  expiration of the initial Term and not more than 15 full
                  calendar months prior to the expiration of the initial Term;
                  and

            (2)   Tenant is not in default under the Lease beyond any applicable
                  notice and cure periods at the time that Tenant delivers its
                  Initial Renewal Notice or at the time Tenant delivers its
                  Binding Notice (as defined below); and

            (3)   No part of the Premises is sublet (other than pursuant to a
                  Permitted Transfer or Ownership Change, as defined in Section
                  11.04 of the Lease) at the time that Tenant delivers its
                  Initial Renewal Notice or at the time Tenant delivers its
                  Binding Notice; and

            (4)   The Lease has not been assigned (other than pursuant to a
                  Permitted Transfer or Ownership Change, as defined in Section
                  11.04 of the Lease) prior to the date that Tenant delivers its
                  Initial Renewal Notice or prior to the date Tenant delivers
                  its Binding Notice.

      3.02  Terms Applicable to Premises During Renewal Term.

            (1)   The initial Base Rent rate per rentable square foot for the
                  Premises during the Renewal Term shall equal the Prevailing
                  Market rate (hereinafter defined) per rentable square foot for
                  the Premises. Base Rent during the Renewal Term shall
                  increase, if at all, in accordance with the increases assumed
                  in the determination of Prevailing Market rate. Base Rent
                  attributable to the Premises shall be payable in monthly
                  installments in accordance with the terms and conditions of
                  Article 4 of the Lease.

            (2)   Tenant shall pay Additional Rent (i.e., Expenses and Taxes)
                  for the Premises during the Renewal Term in accordance with
                  the terms of EXHIBIT B of the Lease, and the manner and method
                  in which Tenant reimburses Landlord for Tenant's share of
                  Taxes and Expenses and the

                                        2
<PAGE>

                  Base Year, if any, applicable to such matter, shall be some of
                  the factors considered in determining the Prevailing Market
                  rate for the Renewal Term.

      3.03  Initial Procedure for Determining Prevailing Market. Within 30 days
            after receipt of Tenant's Initial Renewal Notice, Landlord shall
            advise Tenant of the applicable Base Rent rate for the Premises for
            the Renewal Term. Tenant, within 15 days after the date on which
            Landlord advises Tenant of the applicable Base Rent rate for the
            Renewal Term, shall either (i) give Landlord final binding written
            notice ("BINDING NOTICE") of Tenant's exercise of its Renewal
            Option, or (ii) if Tenant disagrees with Landlord's determination,
            provide Landlord with written notice of rejection (the "REJECTION
            NOTICE"). If Tenant fails to provide Landlord with either a Binding
            Notice or Rejection Notice within such 15 day period, Tenant's
            Renewal Option shall be null and void and of no further force and
            effect. If Tenant provides Landlord with a Binding Notice, Landlord
            and Tenant shall enter into the Renewal Amendment (as defined below)
            upon the terms and conditions set forth herein. If Tenant provides
            Landlord with a Rejection Notice, Landlord and Tenant shall work
            together in good faith to agree upon the Prevailing Market rate for
            the Premises during the Renewal Term. Upon agreement, Landlord and
            Tenant shall enter into the Renewal Amendment in accordance with the
            terms and conditions hereof. Notwithstanding the foregoing, if
            Landlord and Tenant fail to agree upon the Prevailing Market rate
            within 30 days after the date Tenant provides Landlord with the
            Rejection Notice, Tenant, by written notice to Landlord (the
            "ARBITRATION NOTICE") within 5 days after the expiration of such 30
            day period, shall have the right to have the Prevailing Market rate
            determined in accordance with the arbitration procedures described
            in Section 3.04 below. If Landlord and Tenant fail to agree upon the
            Prevailing Market rate within the 30 day period described and Tenant
            fails to timely exercise its right to arbitrate, Tenant's Renewal
            Option shall be deemed to be null and void and of no further force
            and effect.

      3.04  Arbitration Procedure.

            (1)   If Tenant provides Landlord with an Arbitration Notice,
                  Landlord and Tenant, within 5 days after the date of the
                  Arbitration Notice, shall each simultaneously submit to the
                  other, in a sealed envelope, its good faith estimate of the
                  Prevailing Market rate for the Premises during the Renewal
                  Term (collectively referred to as the "ESTIMATES"). If the
                  higher of such Estimates is not more than 105% of the lower of
                  such Estimates, then Prevailing Market rate shall be the
                  average of the two Estimates. If the Prevailing Market rate is
                  not resolved by the exchange of Estimates, then, within 7 days
                  after the exchange of Estimates, Landlord and Tenant shall
                  each select an appraiser to determine which of the two
                  Estimates most closely reflects the Prevailing Market rate for
                  the Premises during the Renewal Term. Each appraiser so
                  selected shall be certified as an MAI appraiser or as an ASA
                  appraiser and shall have had at least 5 years experience
                  within the previous 10 years as a real estate appraiser
                  working in Seattle, Washington, with working knowledge of
                  current rental rates and practices. For purposes hereof, an
                  "MAI" appraiser means an individual who holds an MAI
                  designation conferred by, and is an independent member of, the
                  American Institute of Real Estate Appraisers (or its successor
                  organization, or in the event there is no successor
                  organization, the organization and designation most similar),
                  and an "ASA" appraiser means an individual who holds the
                  Senior Member designation conferred by, and is an independent
                  member of, the American Society of Appraisers (or its
                  successor organization, or, in the event there is no successor
                  organization, the organization and designation most similar).

            (2)   Upon selection, Landlord's and Tenant's appraisers shall work
                  together in good faith to agree upon which of the two
                  Estimates most closely reflects the Prevailing Market rate for
                  the Premises. The Estimate chosen by such appraisers shall be
                  binding on both Landlord and Tenant as the Base Rent rate for
                  the Premises during the Renewal Term. If either Landlord or
                  Tenant fails to appoint an appraiser within the 7 day period
                  referred to above, the appraiser appointed by the other party
                  shall be the sole appraiser for the purposes hereof. If the
                  two appraisers cannot

                                        3
<PAGE>

                  agree upon which of the two Estimates most closely reflects
                  the Prevailing Market within 20 days after their appointment,
                  then, within 10 days after the expiration of such 20 day
                  period, the two appraisers shall select a third appraiser
                  meeting the aforementioned criteria. Once the third appraiser
                  (i.e. arbitrator) has been selected as provided for above,
                  then, as soon thereafter as practicable but in any case within
                  14 days, the arbitrator shall make his determination of which
                  of the two Estimates most closely reflects the Prevailing
                  Market rate and such Estimate shall be binding on both
                  Landlord and Tenant as the Base Rent rate for the Premises. If
                  the arbitrator believes that expert advice would materially
                  assist him, he may retain one or more qualified persons to
                  provide such expert advice. The parties shall share equally in
                  the costs of the arbitrator and of any experts retained by the
                  arbitrator. Any fees of any appraiser, counsel or experts
                  engaged directly by Landlord or Tenant, however, shall be
                  borne by the party retaining such appraiser, counsel or
                  expert.

            (3)   If the Prevailing Market rate has not been determined by the
                  commencement date of the Renewal Term, Tenant shall pay Base
                  Rent upon the terms and conditions in effect during the last
                  month of the initial Term for the Premises until such time as
                  the Prevailing Market rate has been determined. Upon such
                  determination, the Base Rent for the Premises shall be
                  retroactively adjusted to the commencement of the Renewal Term
                  for the Premises. If such adjustment results in an
                  underpayment of Base Rent by Tenant, Tenant shall pay Landlord
                  the amount of such underpayment within 30 days after the
                  determination thereof. If such adjustment results in an
                  overpayment of Base Rent by Tenant, Landlord shall credit such
                  overpayment against the next installment of Base Rent due
                  under the Lease and, to the extent necessary, any subsequent
                  installments, until the entire amount of such overpayment has
                  been credited against Base Rent.

      3.05  Renewal Amendment. If Tenant is entitled to and properly exercises
            its Renewal Option, Landlord shall prepare an amendment (the
            "RENEWAL AMENDMENT") to reflect changes in the Base Rent, Term,
            Termination Date and other appropriate terms. The Renewal Amendment
            shall be sent to Tenant within a reasonable time after receipt of
            the Binding Notice and Tenant shall execute and return the Renewal
            Amendment to Landlord within 15 days after Tenant's receipt of same,
            but, upon final determination of the Prevailing Market rate
            applicable during the Renewal Term as described herein, an otherwise
            valid exercise of the Renewal Option shall be fully effective
            whether or not the Renewal Amendment is executed.

      3.06  Prevailing Market. For purposes hereof, "Prevailing Market" shall
            mean the arms length fair market annual rental rate per rentable
            square foot under renewal leases and amendments entered into on or
            about the date on which the Prevailing Market is being determined
            hereunder for space comparable to the Premises in the Building and
            office buildings comparable to the Building in the Seattle central
            business district. The determination of Prevailing Market shall take
            into account any material economic differences between the terms of
            this Lease and any comparison lease or amendment, such as rent
            abatements, improvement allowances, construction costs and other
            concessions and the manner, if any, in which the landlord under any
            such lease is reimbursed for operating expenses and taxes.

4.    AUTOMATIC TELLER MACHINE. Tenant shall have the right, subject to
      Landlord's prior written approval of the design and plans, to install an
      automatic teller machine and night deposit (the "ATM") in the Building,
      accessible from the exterior of the Building which ATM shall be subject to
      all the terms and conditions of the Lease, except as noted below.

      4.01  PREMISES. If and when the ATM is installed, the area designated for
            the ATM (the "ATM AREA") shall be deemed to comprise a portion of
            the Premises, as defined in the Lease, for the purposes of Tenants
            insurance coverage and indemnity obligations.

                                        4
<PAGE>

      4.02  PERMITTED USE. With respect to the ATM Area only, the Permitted Use,
            as defined in the Lease, is modified to mean the operation of the
            ATM: dispensing cash, processing withdrawals, deposits, transfers
            and advances, facilitating inquiries and requests about a user's
            account, and such other transactions as Tenant generally offers in
            its ATM's, and for no other use or purpose whatsoever.

      4.03  AS-IS CONDITION. Landlord leases the ATM Area to Tenant and Tenant
            leases the ATM Area from Landlord in as-is condition and
            configuration. Tenant agrees that Landlord has made no
            representations or warranties about the ATM Area, including, but not
            limited to representations about installation, signage, utility
            connections and availability, and security.

      4.04  CONSTRUCTION AND INSTALLATION. Tenant, at its expense, shall prepare
            and deliver to Landlord for Landlord's approval 4 sets of final
            plans and specifications for the installation and construction of
            the ATM structure. Tenant shall revise the plans and specifications
            in accordance with Landlord's requirements, and submit the plans and
            specifications for Landlord's written approval after Landlord's
            notice to Tenant of the results of Landlord's review. Signage for
            the ATM, if any, shall be subject to Landlord's prior written
            approval. Tenant's construction and installation shall be performed
            in accordance with Laws. Tenant shall keep the ATM in good operating
            order, and shall at all times keep the ATM and ATM Area in a neat,
            clean and sanitary condition to the reasonable satisfaction of
            Landlord.

      4.05  OWNERSHIP OF IMPROVEMENTS; REPAIRS. All improvements to the ATM
            structure(s) on the ATM Area shall be owned by Tenant. Tenant shall,
            at its sole cost and expense, promptly perform all maintenance and
            repairs to the ATM structure(s) and shall keep the same in good
            condition and repair. Tenant shall not make alterations, additions
            or improvements to the ATM Area without first obtaining the written
            consent of Landlord in each instance, which consent may be withheld
            at Landlord's sole and absolute discretion.

      4.06  ASSIGNMENT AND SUBLETTING. Tenant shall not effect a Transfer of the
            ATM Area separate or apart from the Transfer of the remainder of the
            Premises, without the prior written consent of Landlord, which
            consent may be withheld at Landlord's sole and absolute discretion.

      4.07  SURRENDER. At the expiration or earlier termination of the Lease or
            Tenant's right of possession, or in the event Tenant elects to
            sooner surrender the ATM Area, Tenant, at Tenant's sole cost, shall
            remove the ATM structure(s), its property and all other property
            from the ATM Area, and quit and surrender the ATM Area to Landlord,
            after first returning them to good order, condition and repair to
            Landlord's reasonable satisfaction. If Tenant fails to do so within
            30 days after written notice, Landlord may deem all or any part of
            Tenant's Property to be abandoned, and title to Tenant's Property
            shall be deemed to be immediately vested in Landlord.

5.    OTHER BANKS ON THE MAIN (THIRD AVENUE LEVEL) FLOOR OF THE BUILDING.

      5.01. To the extent Landlord is not prohibited by any existing or future
            laws, ordinances, orders, rules and regulations of any governmental
            agency, Landlord covenants not to enter into a lease or other
            occupancy agreement (each an "OCCUPANCY AGREEMENT") for any other
            space on the main (Third Avenue) floor of the Building with a
            Competitor (as hereinafter defined) for a term scheduled to commence
            during the Term, as the same may be extended, provided:

            (1)   Tenant is not in default under this Lease following written
                  notice and expiration of any applicable cure period;

            (2)   Tenant, i.e., EvergreenBank, or its Permitted Transferees and
                  successors under any Ownership Change (but not any other
                  successors or assigns) leases (which, for purposes of this
                  subsection (2) shall not include space subleased by Tenant to
                  any person or entity other than a Permitted Transferee or
                  successor under any Ownership Change) 7,588 rentable square
                  feet on the first floor of the Building;

                                        5
<PAGE>

            (3)   Tenant has not previously assigned its interest in this Lease,
                  other than pursuant to a Permitted Transfer or Ownership
                  Change; and

            (4)   Tenant or a Permitted Transferee or successor under any
                  Ownership Change operates a retail banking operation on the
                  main (Third Avenue) floor of the Building.

      5.02  For purposes of this Section 5, a "COMPETITOR" shall mean any tenant
            or occupant in the Building (i) whose Occupancy Agreement is entered
            into after the date of this Lease and (ii) whose primary use is the
            operation of a retail bank, if such retail bank will have banking
            counters or teller windows for accepting deposits and loan payments
            and cashing checks for retail banking customers on a walk-in basis
            or whose primary use is a federally or state chartered retail bank,
            savings and loan association, or credit union (the "SUBJECT PRIMARY
            USE"). Competitor shall not in any event include: (a) a tenant open
            for business on the date of this Lease or any assignee or sublessee
            of any such tenant or any renewal or extension of the Occupancy
            Agreement of such tenant who is permitted under such Occupancy
            Agreement to use such premises for the Subject Primary Use; or (b) a
            tenant whose Occupancy Agreement is entered into prior to the date
            of this Lease or any assignee or sublessee of any such tenant or any
            renewal or extension of the Occupancy Agreement of such tenant who
            is permitted under such Occupancy Agreement to use such premises for
            the Subject Primary Use, or (c) a tenant who has been permitted to
            assume an Occupancy Agreement or otherwise operate its business in
            the Building based upon or as a result of a bankruptcy, insolvency
            or similar action or (d) any tenant (other than one engaged in the
            Subject Primary Use) operating any ATM machine installed in the
            Building (unless such tenant leases space on the main (Third Avenue)
            floor of the Building and the tenant installs therein an ATM machine
            which is "branded" (a "branded" ATM for the purposes of this
            provision shall be an ATM which bears visible exterior
            identification on the ATM of the banking or savings and loan
            institution to whom the ATM belongs); or (e) any credit union
            operations which are ancillary to other business operations of a
            tenant in the Building.

6.    RIGHT OF FIRST OFFER.

      6.01  Grant of Option; Conditions. During the initial Term and Renewal
            Term, if any, and subject to Section 6.06, below, Tenant shall have
            a one-time right of first offer (the "RIGHT OF FIRST OFFER") with
            respect to the approximately 18,000 rentable square feet known as
            Suite 200 on the 2nd floor of the Building shown on the demising
            plan attached hereto as EXHIBIT G (the "OFFERING SPACE"). Tenant's
            Right of First Offer shall be exercised as follows: at any time
            after Landlord has determined that the existing tenant in the
            Offering Space will not extend or renew the term of its lease for
            any portion of the Offering Space (but prior to leasing such portion
            of the Offering Space to a party other than the existing tenant),
            Landlord shall advise Tenant (the "ADVICE") of the terms under which
            Landlord is prepared to lease such portion of the Offering Space
            (which may be all of, or less than, the entire Offering Space) to
            Tenant for the remainder of the Term, which terms shall reflect the
            Prevailing Market (hereinafter defined) rate for such portion of the
            Offering Space as reasonably determined by Landlord. Tenant may
            lease the applicable portion of the Offering Space described in the
            Advice in its entirety only, under such terms, by delivering written
            notice of exercise to Landlord (the "NOTICE OF EXERCISE") within 5
            Business Days after the date of the Advice, except that Tenant shall
            have no such Right of First Offer and Landlord need not provide
            Tenant with an Advice, if:

            (1)   Tenant is in default under the Lease beyond any applicable
                  cure periods at the time that Landlord would otherwise deliver
                  the Advice; or

            (2)   the Premises, or any portion thereof, is sublet (other than a
                  Permitted Transfer) at the time Landlord would otherwise
                  deliver the Advice; or

            (3)   the Lease has been assigned (other than a Permitted Transfer)
                  prior to the date Landlord would otherwise deliver the Advice;
                  or

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<PAGE>

            (4)   Tenant is not occupying the Premises on the date Landlord
                  would otherwise deliver the Advice; or

            (5)   the Offering Space is not intended for the exclusive use of
                  Tenant; or

            (6)   the existing tenant in the Offering Space is interested in
                  extending or renewing its lease for the Offering Space or
                  entering into a new lease for such Offering Space.

      6.02  Terms for Offering Space.

            (1)   The term for such portion of the Offering Space shall commence
                  upon the commencement date stated in the Advice and thereupon
                  such portion of the Offering Space shall be considered a part
                  of the Premises, provided that all of the terms stated in the
                  Advice shall govern Tenant's leasing of such portion of the
                  Offering Space, and, only to the extent that they do not
                  conflict with the Advice, the terms and conditions of this
                  Lease shall apply to such portion of the Offering Space.

            (2)   Tenant shall pay Rent and Additional Rent for such portion of
                  the Offering Space in accordance with the terms and conditions
                  of the Advice, which terms and conditions shall reflect the
                  Prevailing Market rate for such portion of the Offering Space
                  as determined in Landlord's reasonable judgment.

            (3)   The applicable portion of the Offering Space (including
                  improvements and personalty, if any) shall be accepted by
                  Tenant in its condition and as-built configuration existing on
                  the earlier of the date Tenant takes possession of such
                  portion of the Offering Space or as of the date the term for
                  such portion of the Offering Space commences, unless the
                  Advice specifies any work to be performed by Landlord in the
                  applicable portion of the Offering Space, in which case
                  Landlord shall perform such work in such portion of the
                  Offering Space. If Landlord is delayed delivering possession
                  of such portion of the Offering Space due to the holdover or
                  unlawful possession of such space by any party, Landlord shall
                  use reasonable efforts to obtain possession of the space, and
                  the commencement of the term for such portion of the Offering
                  Space shall be postponed until the date Landlord delivers
                  possession of such portion of the Offering Space to Tenant
                  free from occupancy by any party.

      6.03  Termination of Right of First Offer. The rights of Tenant hereunder
            with respect to the Offering Space shall terminate on the earlier
            of: (a) the date occurring one (1) year before the scheduled
            Termination Date (unless Tenant has exercised its Renewal Option, in
            which event the date shall be one (1) year before the scheduled
            expiration date of the Renewal Term); (b) Tenant's failure to
            exercise its Right of First Offer within the 5 Business Day period
            provided in Section 6.01 above; and (c) with respect to any portion
            of the Offering Space, the date Landlord would have provided Tenant
            an Advice if Tenant had not been in violation of one or more of the
            conditions set forth in Section 6.01 above. In addition, if Landlord
            provides Tenant with an Advice for any portion of the Offering Space
            that contains expansion rights (whether such rights are described as
            an expansion option, right of first refusal, right of first offer or
            otherwise) with respect to any other portion of the Offering Space
            (such other portion of the Offering Space subject to such expansion
            rights is referred to herein as the "ENCUMBERED OFFERING SPACE") and
            Tenant does not exercise its Right of First Offer to lease such
            portion of the Offering Space described in the Advice, Tenant's
            Right of First Offer with respect to the Encumbered Offering Space
            shall be subject and subordinate to all such expansion rights
            contained in the Advice.

      6.04  Offering Amendment. If Tenant exercises its Right of First Offer,
            Landlord shall prepare an amendment (the "OFFERING AMENDMENT")
            adding the applicable portion of the Offering Space to the Premises
            on the terms set forth in the Advice and reflecting the changes in
            the Rent, rentable area of the Premises, Tenant's Pro Rata Share and
            other appropriate terms. A copy of the Offering Amendment shall be
            sent to Tenant within a reasonable time after Landlord's receipt of
            the Notice of Exercise executed by Tenant, and Tenant shall execute
            and return the

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            Offering Amendment to Landlord within 15 days thereafter, but an
            otherwise valid exercise of the Right of First Offer shall be fully
            effective whether or not the Offering Amendment is executed.

      6.05  Definition of Prevailing Market. For purposes of this Right of First
            Offer provision, "Prevailing Market" shall mean the annual rental
            rate per square foot for space comparable to the Offering Space in
            the Building and office buildings comparable to the Building in the
            Seattle central business district under leases and renewal and
            expansion amendments being entered into at or about the time that
            Prevailing Market is being determined, giving appropriate
            consideration to tenant concessions, brokerage commissions, tenant
            improvement allowances, existing improvements in the space in
            question, and the method of allocating operating expenses and taxes.
            Notwithstanding the foregoing, space leased under any of the
            following circumstances shall not be considered to be comparable for
            purposes hereof: (i) the lease term is for less than the lease term
            of the Offering Space, (ii) the space is encumbered by the option
            rights of another tenant, or (iii) the space has a lack of windows
            and/or an awkward or unusual shape or configuration. The foregoing
            is not intended to be an exclusive list of space that will not be
            considered to be comparable.

      6.06  Subordination. Notwithstanding anything herein to the contrary,
            Tenant's Right of First Offer is subject and subordinate to the
            expansion rights (whether such rights are designated as a right of
            first offer, right of first refusal, expansion option or otherwise)
            of any tenant of the Building existing on the date hereof.

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                                    EXHIBIT G

                     OUTLINE AND LOCATION OF OFFERING SPACE

                                       1

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