Document:

Exibit 4.8

    

      AMENDMENT
        TO

       

      THE
        CAPITAL CORP OF THE WEST 401(K) PLAN

       

      The
        Capital Corp of the West 401(k) Plan (the Plan?) is hereby amended to
        incorporate the following:

       

      The
        Plan
        Trustees shall be amended to:

       

      Reflect
        the removal of Donielle Kramer, Dale McKinney, Ed Rocha, and Mike Ryan as
        Trustees effective as of the final transfer of assets to First Trust Corporation
        which is anticipated to be July 1, 2004, and the appointment of First Trust
        Corporation as successor Trustee effective June 30, 2004.

       

      Therefore,
        the Trustees of the Plan as of the effective date of this amendment is the
        following:

       

      A.
        First
        Trust Corporation

       

      
        	
                51.

              	
                Vested
                  account balances in excess of $5,000. Distribution is first available
                  as
                  soon as administratively feasible
                  following:

              

      

       

      [X] a. the
        Participant?s employment termination date.

       

      [  
        ] b. the
        end
        of the Plan Year that contains the Participant?s

      employment
        termination date.

       

      [  
        ] c. the
        first
        Valuation Date following the Participant?s termination of

      employment.

       

      [  
        ] d. the
        Participants Normal Retirement Age (or Early Retirement Age,

      if
        applicable) or, if later, the Participant?s employment termination
        date.

       

      [X] e. (Describe
        distribution event) Cost to process a participant?s

      distribution
        will be charged directly to his/her account.

       

      [Practitioner
        Note: Any distribution event described in e. will apply uniformly to all
        Participants under the Plan.]

       

      
        	
                52.

              	
                Vested
                  account balances of $5,000 or less. Distribution will be made in
                  a lump
                  sum as soon as administratively feasible
                  following:

              

      

       

      [X] a. the
        Participant?s employment termination date.

       

      [ 
         ] b. the
        end
        of the Plan Year that contains the Participant?s

      employment
        termination date.

       

      [  
        ] c. the
        first
        Valuation Date following the Participant?s termination of

      employment.

       

      [X] d. (Describe
        distribution event): Cost to process a participant?s

      distribution
        will be charged directly to his/her account

       

      [Practitioner
        Note: Any distribution event described in d. will apply uniformly to all
        Participants under the Plan.]

       

      62.          
        Is
        any
        portion of the Plan daily valued? (See Section 13.2(b) of the BPD.)

       

      [  
        ] a. No

       

      [X] b. Yes.
        Specify Accounts and/or investment options: All
        accounts

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      63.          
        Is
        any
        portion of the Plan valued periodically (other than daily)? (See
        Section

      13.2(a)
        of the BPD.)

       

      [X] a. No

       

      [ 
         ] b. Yes

       

      [  
        ] (1) Specify
        Accounts and/or investment options:

       

      [  
        ] (2) Specify
        valuation date(s):

       

      [  
        ] (3) The
        following special allocation rules apply: [If this (3)
        is
        not checked, the Balance Forward Method under Section 13.4(a) of the BPD
        applies.]

       

      [  
        ] (a) Weighted
        average method. (See

      Section
        13.4(a)(2)(i) of the BPD.)

       

      [  
        ] (b) Adjusted
        percentage method, taking

      into
        account _% of contributions made during the valuation period. (See Section
        13.4(a)(2)(ii) of the BPD.)

       

      [  
        ] (c) (Describe
        allocation rules)

       

      [Practitioner
        Note: Any allocation rules described in (c) must be in accordance with a
        definite predetermined formula that is not based on compensation, that satisfies
        the nondiscrimination requirements of1.4O1(a)(4) of the regulations, and
        that is
        applied uniformly to all Participants.]

       

      83. The
        Trustee?s investment powers are:

       

      [  
        ] a. Discretionary
        Trustee. The Trustee has discretion to invest Plan

      assets.
        This discretion is limited to the extent Participants are permitted to give
        investment direction, or to the extent the Trustee is subject to direction
        from
        the Plan Administrator, the Employer, an Investment Manager or other Named
        Fiduciary.

       

      [  
        ] b. Directed
        Trustee only. The Trustee may only invest Plan assets as

      directed
        by Participants or by the Plan Administrator, the Employer, an Investment
        Manager or other Named Fiduciary.

       

      [X] c. Separate
        trust agreement. The Trustee?s investment powers are

       

      determined
        under a separate trust document which replaces (or is adopted in conjunction
        with) the trust provisions under the BPD. [Note: The separate trust document
        is
        incorporated as part of this Plan and must be attached hereto. The
        responsibilities, rights and powers of the Trustee are those specified in
        the
        separate trust agreement. If this c. is checked, the Trustee need not sign
        or
        date this Trustee Declaration under #81 above.]

       

      In
        all
        other respects the Plan and Trust are hereby ratified, approved and
        confirmed.

       

      Accepted
        By:/s/
        Roger D. Mckinney

       

      Date:
        5/7/04

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      CAPITAL
        CORP OF THE WEST 401(K) PLAN

       

      PARTICIPANT
        LOAN PROGRAM

       

      Capital
        Corp of the West 401(k) Plan permits loans to be made to Plan Participants
        and
        their Beneficiaries. However, the Plan requires that a written loan program
        be
        established which shall set forth the rules and guidelines for issuing loans
        to
        Participants. For purposes of this loan program, ?Participants? shall mean
        Plan
        Participants and their Beneficiaries who are ?parties in interest.? The
        Participant Loan Program shall follow the provisions of Article 14 below,
        with
        the following exception(s):

       

      
        	
                14.4

              	
                Reasonable
                  Interest Rate. A Participant will be charged the prime rate of
                  interest
                  (as published in the WiIl Street .ini 1m21) plus 2% for the second
                  business day of any given month for any loan hefshe
                  receives.

              

      

       

      ARTICLE
        14

       

      PARTICIPANT
        LOANS

       

      This
        Article contains rules for providing loans to Participants under the Plan.
        This
        Article applies if: (1)the Employer elects under Part 12 of the Agreement
        to
        provide loans to Participants or (2) if Part 12 does not specify whether
        Participant loans are available, the Plan Administrator decides to implement
        a
        Participant loan program. Any Participant loans will be made pursuant to
        the
        default loan policy prescribed by this Article 14 unless the Plan Administrator
        adopts a separate written loan policy or modifies the default loan policy
        in
        this Article 14 by adopting modified loan provisions. If the Employer adopts
        a
        separate written loan policy or written modifications to the default loan
        program in this Article, the terms of such loan policy or written modifications
        will control over the terms of this Plan with respect to the administration
        of
        any

       

      Participant
        loans. -

       

      14.1        
        Default
        Loan Policy.
        Loans
        are available under this Article only if such loans:

       

      (a)
        are
        available to Participants on a reasonably equivalent basis (see Section
        14.3);

       

      (b)
        are
        not available to Highly Compensated Employees in an amount greater than the
        amount that is available to other Participants;

       

      (c)
        bear
        a reasonable rate of interest (as determined under Section 14.4) and are
        adequately secured (as determined under Section 14.5);

       

      (d)
        provide for periodic repayment within a specified period of time(as determined
        under Section 14.6); and

       

      (e)
        do
        not exceed, for any Participant, the amount designated under Section
        14.7.

       

      A
        separate written loan policy may not modify the requirements under subsections
        (a) through (e) above, except as permitted in the referenced Sections of
        this
        Article.

       

      
        	
                14.2

              	
                Administration
                  of Loan Program. A Participant loan is available under this
                  Article only if the Participant makes a request for such a loan
                  in
                  accordance with the provisions of this Article or in accordance
                  with a
                  separate written loan policy. To receive a Participant loan, a
                  Participant
                  must sign a promissory note along with a pledge or assignment of
                  the
                  portion of the Account Balance used for security on the loan. Except
                  as
                  provided in a separate loan policy or in a written modification
                  to the
                  default loan policy in this Article, any reference under this Article
                  14
                  to a Participant means a Participant or Beneficiary who is a party
                  in
                  interest (as defined in ERISA

              

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      In
        the
        case of a restated Plan, if any provision of this Article 14 is more restrictive
        than the terms of the Plan (or a separate written loan policy) in effect
        prior
        to the adoption of this Prototype Plan, such provision shall apply only to
        loans
        finalized after the adoption of this Prototype Plan, even if the restated
        Effective Date indicated in the Agreement predates the adoption of the
        Plan.

       

      
        	
                14.3

              	
                Availability
                  of Participant Loans.
                  Participant loans must be made available to Participants in a reasonably
                  equivalent manner. The Plan Administrator may refuse to make a
                  loan to any
                  Participant who is determined to be not creditworthy. For this
                  purpose, a
                  Participant is not creditworthy if, based on the facts and circumstances,
                  it is reasonable to believe that the Participant will not repay
                  the loan.
                  A Participant who has defaulted on a previous loan from the Plan
                  and has
                  not repaid such loan (with accrued interest) at the time of any
                  subsequent
                  loan will not be treated as creditworthy until such time as the
                  Participant repays the defaulted loan (with accrued interest).
                  A separate
                  written loan policy or written modification to this loan policy
                  may
                  prescribe different rules for determining creditworthiness and
                  to what
                  extent creditworthiness must be
                  determined.

              

      

       

      Superceded
        by EGTRRA.

       

      14.4        
        Superceded
        by above-referenced Section 14.4.

       

      
        	
                14.5

              	
                Adequate
                  Security.
                  All Participant loans must be adequately secured. The Participant?s
                  vested
                  Account Balance shall be used as security for a Participant loan
                  provided
                  the outstanding balance of all Participant loans made to such Participant
                  does not exceed 50% of the Participant?s vested Account Balance,
                  determined immediately after the origination of each loan, and
                  if
                  applicable, the spousal consent requirements described in Section
                  14.9
                  have bees satisfied. The Plan Administrator (with the consent of
                  the
                  Trustee) may require a Participant to provide additional collateral
                  to
                  receive a Participant loan if the Plan Administrator determines
                  such
                  additional collateral is required to protect the interests of Plan
                  Participants. A separate loan policy or written modifications to
                  this loan
                  policy may prescribe alternative rules for obtaining adequate security.
                  However, the 50% rule in this paragraph may not be replaced with
                  a greater
                  percentage.

              

      

       

      
        	
                14.6

              	
                Periodic
                  Repayment.
                  A
                  Participant loan must provide for level amortization with payments
                  to be
                  made not less frequently than quarterly. A Participant loan must
                  be
                  payable within a period not exceeding five (5) years from the date
                  the
                  Participant receives the loan from the Plan, unless the loan is
                  for the
                  purchase of the Participant?s principal residence, in which case
                  the loan
                  must be payable within a reasonable time commensurate with the
                  repayment
                  period permitted by commercial lenders for similar loans. Loan
                  repayments
                  must be made through payroll withholding, except to the extent
                  the Plan
                  Administrator determines payroll withholding is not practical given
                  the
                  level of a Participant?s wages, the frequency with which the Participant
                  is paid, or other circumstances.

              

      

       

      
        	 	
                (a)

              	
                Unpaid
                  leave of absence. A Participant with an outstanding Participant
                  loan may
                  suspend loan payments to the Plan for up to 12 months for any period
                  during which the Participant is on an unpaid leave of absence.
                  Upon the
                  Participant?s return to employment (or after the end of the 12-month
                  period, if earlier), the Participant?s outstanding loan will be
                  reamortized over the remaining period of such loan to make up for
                  the
                  missed payments. The reamortized loan may extend beyond the original
                  loan
                  term so long as the loan is paid in full by whichever of the following
                  dates comes first: (1) the date which is five (5) years from the
                  original
                  date of the loan (or the end of the suspension, if sooner), or
                  (2) the
                  original loan repayment deadline (or the end of the suspension
                  period, if
                  later) plus the length of the suspension
                  period.

              

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      (b)  
        Military
        leave. A Participant with an outstanding Participant loan also may

      suspend
        loan payments for any period such Participant is on military leave, in
        accordance with Code ?41 4(u)(4). Upon the Participant?s return from military
        leave (or the expiration of five years from the date the Participant began
        his/her military leave, if earlier), loan payments will recommence under
        the
        amortization schedule in effect prior to the Participant?s military leave,
        without regard to the five-year maximum loan repayment period. Alternatively,
        the loan may be reamortized to require a different level of loan payment,
        as
        long as the amount and frequency of such payments are not less than the amount
        and frequency under the amortization schedule in effect prior to the
        Participant?s military leave.

       

      A
        separate loan policy or written modification to this loan policy may (1)
        modify
        the time period for repaying Participant loans, provided Participant loans
        are
        required to be repaid over a period that is not longer than the periods
        described in this Section; (2) specify the frequency of Participant loan
        repayments, provided the payments are required at least quarterly; (3) modify
        the requirement that loans be repaid through payroll withholding; or (4)
        modify
        or eliminate the leave of absence and/or military leave rules under this
        Section.

       

      
        	
                14.7

              	
                Loan
                  Limitations.
                  A
                  Participant loan may not be made to the extent such loan (when
                  added to
                  the outtanding balance of all other loans made to the Participant)
                  exceeds
                  the lesser of:

              

      

       

      
        	 	
                (a)

              	
                $50,000
                  (reduced by the excess, if any, of the Participant?s highest outstanding
                  balance of loans from the Plan during the one-year period ending
                  on the
                  day before the date on which such loan is made, over the Participant?s
                  outstanding balance of loans from the Plan as of the date such
                  loan is
                  made) or

              

      

       

      
        	 	
                (b)

              	
                one-half
                  (1/2) of the Participant?s vested Account Balance, determined as
                  of the
                  Valuation Date coinciding with or immediately preceding such loan,
                  adjusted for any contributions or distributions made since such
                  Valuation
                  Date.

              

      

       

      A
        Participant may not receive a Participant loan of less than $1,000 nor may
        a
        Participant have more than one Participant loan outstanding at any time.
        A
        Participant may renegotiate a loan without violating the one outstanding
        loan
        requirement to the extent such renegotiated loan is a new loan (i.e., the
        renegotiated loan separately satisfies the reasonable interest rate requirement
        under Section 14.4, the adequate security requirement under Section 14.5,
        and
        the periodic repayment requirement under Section 14.6). and the renegotiated
        loan does not exceed the limitations under (a) or (b) above, treating both
        the
        replaced loan and the renegotiated loan as outstanding at the same time.
        However, if the term of the renegotiated loan does not end later than the
        original term of the replaced loan, the replaced loan may be ignored in applying
        the limitations under (a) and (b) above.

       

      In
        applying the limitations under this Section, all plans maintained by the
        Employer are aggregated and treated as a single plan. In addition, any
        assignment or pledge of any portion of the Participant?s interest in the
        Plan
        and any loan, pledge, or assignment with respect to any insurance contract
        purchased under the Plan will be treated as loan under this
        Section.

       

      A
        separate written loan policy or written modifications to this loan policy
        may
        (1) modify the limitations on the amount of a Participant loan; (2) modify
        or
        eliminate the minimum loan amount requirement; (3) permit a Participant to
        have
        more than one loan outstanding at a time; (4) prescribe limitations on the
        purposes for which loans may be required; or (5) prescribe rules for
        reamortization, consolidation, renegotiation, or refinancing of
        loans.

       

      
        	
                14.8

              	
                Segregated
                  Investment. A Participant loan is treated as a segregated investment
                  on
                  behalf of the individual Participant for whom the loan is made.
                  The Plan
                  Administrator may adopt separate

              

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      administrative
        procedures for determining which type or types of contributions (and the
        amount
        of each type of contribution) may be used to provide the Participant loan.
        If
        the Plan Administrator does not adopt procedures designating the type of
        contributions from which the Participant loan will be made, such loan is
        deemed
        to be made on a proportionate basis from each type of contribution.

       

      Unless
        requested otherwise on the Participant?s loan application, a Participant
        loan
        will be made equally from all investment funds in which the applicable
        contributions are held. A Participant or Beneficiary may direct the Trustee,
        on
        his/her loan application, to withdraw the Participant loan amounts from a
        specific investment fund or funds. A Participant loan will not violate the
        requirements of this default loan policy merely because the Plan Administrator
        does not permit the Participant to designate the contributions or funds from
        which the Participant loan will be made. Each payment of principal and interest
        paid by a Participant on his/her Participant loan shall be credited
        proportionately to such Participant?s Account(s) and to the investment funds
        within such Account(s).

       

      A
        separate loan policy or written modifications to this loan policy may modify
        the
        rules of this Section without limitation, including prescribing different
        rules
        for determining the source of a loan with respect.to contribution types and
        investment funds.

       

      
        	
                14.9

              	
                Spousal
                  Consent. If this Plan is subject to the Joint and Survivor Annuity
                  requirements under Article 9, a Participant may not use his/her
                  Account
                  Balance as security for a Participant loan unless the Participant?s
                  spouse, if any, consents to the use of such Account Balance as
                  security
                  for the loan. The spousal consent must be made within the 90-day
                  period
                  ending on the date the Participant?s Account Balance is to be used
                  as
                  security for the loan. Spousal consent is not required, however,
                  if the
                  value of the Participant?s total vested Accoynt Balance (as determined
                  under Section 8.3(e)) does not exceed $5,000 ($3,500 for loans
                  made before
                  the time the $5,000 rules becomes effective under Section 8.3).
                  If the
                  Plan is not subject to the Joint and Survivor Annuity requirements
                  under
                  Article 9, a spouse?s consent is not required to use a Participant?s
                  Account Balance as security for a Participant loan, regardless
                  of the
                  value of the Participant?s Account
                  Balance.

              

      

       

      Any
        spousal consent required under this Section must be in writing, must acknowledge
        the effect of the loan, and must be witnessed by a plan representative or
        notary
        public. Any such consent to use the Participant?s Account Balance as security
        for a Participant loan is binding with respect to the consenting spouse and
        with
        respect to any subsequent spouse as it applies to such loan. A new spousal
        consent will be required if the Account Balance is subsequently used as security
        for a renegotiation, extension, renewal, or other revision of the loan. A
        new-spousal consent also will be required only if any portion of the
        Participant?s Account Balance will be used as security for a subsequent
        Participant loan.

       

      A
        separate loan policy or written modifications to this loan policy may not
        eliminate the spousal consent requirement where it would be required under
        this
        Section, but may impose spousa! consent requirements that are not prescribed
        by
        this Section.

       

      
        	
                14.10

              	
                Procedures
                  for Loan Default. A Participant will be considered to be in default
                  with
                  respect to a loan if any scheduled repayment with respect to such
                  loan is
                  not made by the end of the calendar quarter following the calendar
                  quarter
                  in which the missed payment was
                  due.

              

      

       

      If
        a
        Participant defaults on a Participant loan, the Plan may not offset the
        Participant?s Account Balance until the Participant is otherwise entitled
        to an
        immediate distribution of the portion of the Account Balance that will be
        offset
        and such amount being offset is available as security on the loan, pursuant
        to
        Section 14.5. For this purpose, a loan default is treated as an
        immediate

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      distribution
        event to the extent the law does not prohibit an actual distribution of the
        type
        of contributions which would be offset as a result of the loan default
        (determined without regard to the consent requirements under Articles 8 and
        9,
        so long as spousal consent was properly obtained at the time of the loan,
        if
        required under Section 14.9). The Participant may repay the outstanding balance
        of a defaulted loan (including accrued interest through the date of repayment)
        at any time.

       

      Pending
        the offset of a Participant?s Account Balance following a defaulted loan,
        the
        following rules apply to the amount in default.

       

      (a)
        Interest continues to accrue on the amount in default until the time of the
        loan
        offset or, if earlier, the date the loan repayments are made current or the
        amount is satisfied with other collateral.

       

      (b)
        A
        subsequent offset of the amount in default is not reported as a taxable
        distribution, except to the extent the taxable portion of the default amount
        was
        not previously reported by the Plan as a taxable distribution.

       

      (c)
        The.
        post-default accrued interest included in the loan offset is not reported
        as a
        taxable distribution at the time of the offset.

       

      A
        separate loan policy or written modifications to this loan policy may modify
        the
        procedures for determining a loan default.

       

      14.11 Termination
        of Employment. 

       

      
        	 	
                (a)

              	
                Offset
                  of outstanding loan.
                  A
                  Participant loan becomes due and payable in full immediately upon
                  the
                  Participant?s termination of employment. Upon a Participant?s termination,
                  the Participant may repay the entire outstanding balance of the
                  loan
                  (induding any accrued interest) within a reasonable period following
                  termination of employment, If the Participant does not repay the
                  entire
                  outstanding loan balance, the Participants vested Account Balance
                  will be
                  reduced by the remaining outstanding balance of the loan (without
                  regard
                  to the consent requirements under Articles 8 and 9, so long as
                  spousal
                  consent was properly obtained at the time of the loan, if required
                  under
                  Section 14.9), to the extent such Account Balance is available
                  as security
                  on the loan, pursuant to Section 14.5, and the remaining vested
                  Account
                  Balance will be distributed in accordance with the distribution
                  provisions
                  under Article 8. If the outstanding loan balance of a deceased
                  Participant
                  is not repaid, the outstanding loan balance shall be treated as
                  a
                  distribution to the Participant and shall reduce the death benefit
                  amount
                  payable to the Beneficiary under Section
                  8.4.

              

      

       

      
        	 	
                (b)

              	
                Direct
                  Rollover.
                  Upon termination of employment, a Participant may request a Direct
                  Rollover of the loan note (provided the distribution is an Eligible
                  Rollover Distribution as defined in Section 8.8(a)) to another
                  qualified
                  plan which agrees to accept a Direct Rollover of the loan note.
                  A
                  Participant may not engage in a Direct Rollover of a loan to the
                  extent
                  the Participant has already received a deemed distribution with
                  respect to
                  such loan. (See the rules regarding deemed distributions upon a
                  loan
                  default under Section 14.10.)

              

      

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      
        	 	
                (c)

              	
                Modified
                  loan policy. A separate loan poTicy or written modifications to
                  this loan
                  policy may modify this Section 14.11, including, but not limited
                  to: (1) a
                  provision to permit loan repayments to continue beyond termination
                  of
                  employment; (2) to prohibit the Direct Rollover of a loan note;
                  and (3) to
                  provide for other events that may accelerate the Participants repayment
                  obligation under the loan.

              

      

       

      Accepted
        by: Roger
        D. Mckinney EVP/CFO   Date:
        5/16/04

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      CAPITAL
        CORP OF THE WEST

       

      SECRETARY?S
        CERTIFICATE

       

      I,
        the
        undersigned, do certify that:

       

      I
        have
        been the duly elected, qualified, and Secretary of Capital Corp of the West
        ?Company?, a duly organized and existing California corporation,

       

      I
        further
        certify that a regular meeting of the Company of the Board of Directors was
        held
        on April 27th 2004 a resolution was approved to confirm the amendment to
        Capital
        Corp of the West 401(k) Plan and Capital Corp of the West Employee Stock
        Ownership Plan (the ?Plans?) that is dated April 27th 2004.

       

      IN
        WITNESS WHEREOF, the undersigned has executed this Certificate and affixed
        the
        seal of the Company on this 27 day of April, 2004

       

      /s/
        Denise Butler

      Denis
        Butler 

      Corporate
        Secretary

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      Proposed
        amendment to Capital Corp of the West 401(k) Plan and Capital Corp of the
        West
        Employee Stock Ownership Plan (the ?Plans?).

       

      WHEREAS,
        the Plans expressly provide the right to amend said Plans and Trusts;
        and,

       

      WHEREAS,
        it is the desire of Capital Corp of the West to amend the Participant Loan
        Program of the Capital Corp of the West 401(k) Plan to reflect that participant
        loans shall no longer be restricted for hardship reasons and that the interest
        rate shall be the prime rate of interest (as published in the WaW Street
        Journal) plus 2% for the second business day of any given month for any loan
        a
        participant receives effective July 1, 2004; and,

       

      WHEREAS,
        Capital Corp of the West desires to further amend the Capital Corp of the
        West
        401(k) Plan in order to:

       

      
        	
                1.

              	
                Accept
                  the resignations of Donielle Kramer, Dale McKinney, Ed Rocha, and
                  Mike
                  Ryan as Trustees of the Plan; and,

              

      

       

      
        	
                2.

              	
                Appoint
                  First Trust Corporation as successor Trustee subject to their acceptance,
                  which is attached hereto.

              

      

       

      NOW
        THEREFORE BE IT RESOLVED, that the resignations of Donielle Kramer, Dale
        McKinney, Ed Rocha, and Mike Ryan as Trustees of the Capital Corp of the
        West
        401(k) Plan are hereby accepted, effective as of the final transfer of assets
        to
        First Trust Corporation which is anticipated to be July 1, 2004;
        and,

       

      RESOLVED
        FURTHER, that First Trust Corporation is hereby appointed as successor Trustee
        to the Capital Corp of the West 401(k) Plan effective June 30, 2004, subject
        to
        their acceptance of such trusteeship; and,

       

      WHEREAS,
        it is the desire of Capital Corp of the West to amend the Capital Corp of
        the
        West 401(k) Plan to reflect that, for vested account balances in excess of
        $5,000, distributions are first available as soon as administratively feasible
        following the Participant?s employment termination date; and,

       

      WHEREAS,
        it is the desire of Capital Corp of the West to amend the Capital Corp of
        the
        West 401(k) Plan to reflect that, for vested account balances of $5,000 or
        less,
        distributions will be made in a lump sum as soon as administratively feasible
        following the Participant?s employment termination; and,

       

      WHEREAS,
        it is the desire of Capital Corp of the West to amend the Capital Corp of
        the
        West 401(k) Plan to reflect that the cost to process a participant?s
        distribution will be charged directly to his/her account; and,

       

      WHEREAS,
        it is the desire of Capital Corp of the West to amend the Capital Corp of
        the
        West 401(k) Plan to reflect that all accounts shall be daily valued;
        and,

       

      WHEREAS,
        it is the desire of Capital Corp of the West to amend the Capital Corp of
        the
        West 401(k) Plan to reflect that no portion of the plan shall be valued
        periodically; and,

       

      THEREFORE,
        BE IT RESOLVED, that this resolution is hereby adopted effective as of July
        1,
        2004 unless otherwise specified above, as part of the Capital Corp of the
        West
        401(k) Plan; and, that by adopting this resolution, the Capital Corp of the
        West
        40 1(k) Plan does accept the amendments as attached hereto;

       

      RESOLVED
        FURTHER, that Joanne M. Dunlap, Director of Human Resources, is hereby appointed
        as a

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      Trustee
        for the Capital Corp of the West Employee Stock Ownership Plan and as a Plan
        Administrative Committee member for the 40 1(k) plan effective April 27,
        2004;

       

      RESOLVED
        FURTHER, that the proper officers of this corporation be, and hereby are,
        authorized and directed to execute such instruments (including the amendment
        instruments attached hereto), and to perform such other acts as they, in
        their
        discretion, deem necessary or desirable to carry out these
        resolutions.

       

      CAPITAL
        CORP OF THE WEST

       

      By:
        /s/
        Denise Butler

       

      Title:
        Corporate Secretary

       

      Date:
        April 27 2004

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      Resignation
        of Trusteeship

       

      Board
        of
        Directors

      Capital
        Corp of the West

      550
        West
        Main Street

      Merced
        CA
        95340

       

      This
        writing constitutes our resignation as Trustees? under the Capital Corp of
        the
        West 401(k) Plan (the ?plan?), said resignation to be effective as of the
        final
        transfer of assets to First Trust Corporation which is anticipated to be
        July
        1,2004.

       

      Sincerely,

       

      /s/
        Roger D. Mckinney      4/23/04

      Dale
        Mckinney       
        Dated

       

      /s/
        Michael T. Ryan

      Michael
        T. Ryan

       

      /s/
        Ed
        J. Rocha

      Ed
        J.
        Rocha

       

      /s/
        Donielle Kramer

      Donielle
        Kramer

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      APPOINTMENT
        AND ACCEPTANCE OF

       

      SUCCESSOR
        TRUSTEE

       

      Capital
        Corp of the West, a corporation duly organized and existing under the laws
        of
        the State of California, acting under authority of section 12.9 of the Capital
        Corp of the West 401(k) Plan, hereby acknowledges the appointment of First
        Trust
        Corporation as trustee under the Trust Agreement subject to their acceptance
        of
        such trusteeship. While in office, the trustee whose appointment is set forth
        herein shall have all of the powers, duties and responsibilities of a trustee,
        as enumerated in the Plan and Trust document, without distinction from the
        powers, duties and responsibilities of any other trustee in office as of
        the
        effective date of this appointment; provided, however, that, to the fullest
        extent permissible under law, the trustee herein appointed shall not be liable
        for any action taken prior to the effective date hereof by the trustees then
        in
        office, or for the failure by said trustees to take any action prior to the
        effective date hereof.

       

      IN
        WITNESS WHEREOF, and as evidence of the appointment set forth here, the
        corporation has caused this instrument to be executed by its duly authorized
        officers this 17th
        day of
        May 2004

       

      CAPITAL
        CORP OF THE WEST

       

      By:
        Roger
        D. Mckinney EVP/CFO    Date:5/17/04

       

      

       

      ACCEPTANCE

       

      The
        undersigned, representing the First Trust Corporation, whose appointment
        is
        acknowledged above, hereby (i) certifies that acceptance of such appointment
        will not constitute a violation of section 411 of the Employee Retirement
        Income
        Security Act of 1974, (ii) accepts appointment as a trustee under the Plan
        and
        Trust, and (iii) agrees to act in accordance therewith and to be bound and
        governed by the said Plan and Trust as the same presently exists, and as
        the
        same may hereafter be amended.

       

      By:
        _________________________________________________ Date:

       

      First
        Trust CorporationExibit 4.9

    

      AMENDMENT
        TO THE

      CAPITAL
        CORP OF THE WEST 401(K) PLAN

       

      Effective
        August 15, 2004, Capital Corp of the West 401(k) Plan -- Adoption Agreement
        Section 58 is hereby amended to read as follows:

       

      58. Optional
        forms of payment available upon termination of employment:

      [X] a. Lump
        sum
        distribution of entire vested Account Balance.

      [  
        ] b. Single
        sum distribution of a portion of vested Account Balance.

      [X] c. Installments
        for a specified term.

      [  
        ] d. Installments
        for required minimum distributions only.

      [  
        ] e. Annuity
        payments (see Section 8.1 of the BPD).

      [  
        ] f. (Describe
        optional forms or limitations on available forms)

       
        [Practitioner Note: Unless specified otherwise in f, a Participant may receive
        a
        distribution in any combination of the forms of payment selected in a. -
        F. Any
        optional 

       
        forms or limitations described in F. will apply uniformly to all Participants
        under the Plan.]

       

      Accepted
        By: /s/Joanne
        Dunlap  Date:9/7/04

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      Capital
        Corp of the West

      SECRETARY?S
        CERTIFICATE

      

      The
        undersigned, being the duly appoint and acting Secretary of Capital Corp
        of the
        West, hereby certifies that the attached Resolution is a true copy of the
        approved resolution, Resolution approving 40] (k) plan amendment by the Board
        of
        Directors of Capital Corp of the West on August 31st, 2004.

      

      IN
        WITNESS WHEREOF, the undersigned has executed this Certificate and affixed
        the
        corporate seal of the Company on December 16th, 2004.

      

      /S/
        Denise Butler

      Denise
        Butler

      Corporate
        Secretary

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      RESOLUTION
        OF THE BOARD OF DIRECTORS OF CAPITAL CORP OF THE WEST

      August
        3 1st, 2004

      A
        meeting
        of Capital Corp of the West was held on August 31st, 2004, with Tom Van
        Groningen serving as Chairperson. The Chairperson presented to the meeting
        a
        proposed amendment to Capital Corp of the West 40 1(k) Plan (the ?Plan?).
        After
        discussion and upon motion duly made and seconded, the following Resolution
        was
        adopted:

       

      WHEREAS,
        the Capital Corp of the West 401(k) Plan expressly provides the right to
        amend
        said Plan and Trust; and,

       

      WHEREAS,
        it is the desire of Capital Corp of the West to amend the Plan?s Distribution
        Options per the attached amendment, effective August 315t; and,

       

      WHERAS,
        such amendment shall not reduce the accrued benefits of any participant in
        the
        Capital Corp of the West 40 1(k) Plan;

       

      THEREFORE,
        BE IT RESOLVED, that this resolution this hereby adopted as part of the
        Capital

       

      Corp
        of
        the West 401(k) Plan; and that by adopting this resolution, the Capital Corp
        of
        the West

       

      40
        1(k)
        Plan does accept the amendments as attached hereto;

       

      BE
        IT
        FURTHER RESOLVED, that any executed copy of this Resolution, duly signed
        as
        hereunder, shall constitute a Certificate of Corporate Resolution in the
        matters
        hereinabove recited.

       

      WITNESS,
        my hand and seal of this organization.

       

      Capital
        Corp of the West

       

      /S/
        Denise Butler

      Denise
        Butler

      Corporate
        Secretary

      August
        31st,
        2004

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      401(K)
        Plan

       

      Investment
        Policy

       

      5/6/2004

       

      The
        Administrative Committee for the Capital Corp of the West 401K Plan (the
        ?Committee?) evaluates, selects, supervises, and monitors the investment
        alternatives of the Capital Corp of the West 401K Plan (the ?Plan?). The
        Plan
        intends to comply with Section 404(c) of the Employee Retirement Income Security
        Act of 1974 (?ERISA?) and to give Participants in the Plan investment control
        over those portions of their Plan accounts other than Employer Matching
        Contributions made in the form of Employer Securities.

       

      PLAN
        IN VESTMENT OBJECTIVE

       

      In
        accordance with Section 404(c) of ERISA, the Committee intends to select
        asset
        classes which in the aggregate permit a portfolio with aggregate risk and
        return
        characteristics at any point within the range normally appropriate for a
        Participant. In addition, the Committee shall select investments in asset
        classes each of which, when combined with investments in the other asset
        classes, tends to minimize the risk of the portfolio at any given level of
        expected return.

       

      The
        Committee intends to offer mutual funds, with no transaction fee, representing
        a
        broad range of major asset classes, each with a different risk/return
        characteristic.

       

      Investment
        Categories.
        To
        satisfy the broad range of investments requirement of Section 404(c) of ERISA,
        the Committee shall designate at least three core investment vehicles. Twenty
        one (21) funds with the following investment objectives are currently being
        offered as investment vehicles for plan participants:

       

      
        	?  	
                Cash
                  Equivalent?a money market instrument investing in high quality,
                  short-
                  term fixed income securities

              

      

       

      
        	?  	
                Bond
                  Fund?an investment portfolio investing primarily in fixed income
                  securities of corporations and/or the U.S.
                  Government

              

      

       

      
        	?  	
                Growth
                  Stock Fund(s)?an investment portfolio investing primarily in equity
                  securities of companies which are growing faster than their peers
                  and tend
                  to have above average price-earnings
                  ratios

              

      

       

      
        	?  	
                Value
                  Stock Fund(s)?an investment portfolio investing primarily in equity
                  securities of companies which are believed to be under-valued and
                  tend to
                  have below average price-earnings
                  ratios

              

      

       

      
        	?  	
                Large
                  Capitalization Stock Fund(s)-an investment portfolio investing
                  primarily
                  in equity securities of companies which have market capitalization
                  of more
                  than $5 billion

              

      

       

      
        	?  	
                Mid
                  Capitalization Stock Fund(s)?an investment portfolio investing
                  primarily
                  in equity securities of companies which have market capitalization
                  of more
                  than $1 billion but less than $5
                  billion

              

      

       

      
        	?  	
                Small
                  Capitalization Stock Fund?an investment portfolio investing primarily
                  in
                  equity securities of companies which have market capitalization
                  of less
                  than $1 billion

              

      

       

      
        	?  	
                International
                  Foreign Stocks?an investment portfolio investing primarily in equity
                  securities of companies which are located outside the United
                  States

              

      

       

      
        	?  	
                Asset
                  Allocated Funds?an investment portfolio investing in a combination
                  of
                  fixed income and equity securities. The relative weighting of the
                  securities may range from ?conservative? (i.e. mostly fixed income)
                  to
                  ?aggressive? (mostly equities)

              

      

       

      
        	?  	
                Company
                  Stock?this is an investment in the common stock of the parent company,
                  Capital Corp of the West, trading as CCOW. It is an equity which
                  is traded
                  on NASDAQ

              

      

       

      The
        asset
        classes chosen were deemed broad enough to allow Plan Participants the ability
        to combine mutual funds from dissimilar asset classes to suit individual
        risk
        tolerances, investment time horizons and investment philosophies. Participants
        shall be entitled to change their investments on a daily basis. -

       

      FUND
        SELECTION CRITERIA

       

      The
        Mutual Funds offered in the Plan are recommended by an outside financial
        advisor
        and had to meet the following criteria:

       

      
        	?  	
                Employ
                  a sound investment philosophy that has been consistently applied
                  for at
                  least the past five years, either as a mutual fund or as a separate
                  account;

              

      

       

      
        	?  	
                A
                  reliable one, three and five?year performance record and superior
                  relative
                  performance to comparably managed
                  portfolios;

              

      

       

      
        	?  	
                A
                  level of risk that compares favorably with similarly managed portfolios;
                  and

              

      

       

      
        	?  	
                Reasonable
                  and competitive expense ratios.

              

      

       

      In
        addition to actively managed equity mutual funds, the options also include
        an
        index fund and a money market fund. Index funds offer the broad security
        diversification, pricing security and economies of buying in essentially
        efficient markets at relatively low expense ratios.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      COMMITTEE
        OBJECTIVES

       

      
        	?  	
                To
                  meet at least annually with the Committee?s outside investment
                  advisor to
                  review the options? performance;

              

      

       

      
        	?  	
                To
                  evaluate both quantitative and qualitative information about the
                  investment funds to ensure that they are consistently delivering
                  the asset
                  class characteristics they were selected to deliver;
                  and

              

      

       

      
        	?  	
                To
                  ensure that each investment fund?s performance is adequate relative
                  to
                  appropriate indices and peer groups. (Because mutual funds often
                  combine
                  several asset classes or sub-classes in the pursuit of higher returns
                  and/or lower risk, benchmark and peer group comparisons are only
                  part of
                  the Committee?s evaluation.)

              

      

       

      In
        addition, the Committee considers qualitative factors such as an investment
        fund?s unique combination of securities or whether an investment fund?s unique
        investment objective, or style, is in or out of favor. If a fund?s performance
        lags, the Committee will determine whether there is reason to believe the
        relative under-performance is temporary and will replace any fund that it
        believes will under-perform or whether there is a better alternative. Once
        a
        decision to change or eliminate a fund is made, the investment policy will
        be
        revised and the asset transfer and liquidation shall be handled to the best
        advantage of the Plan in a manner designed to minimize disruption to Plan
        Participants.

       

      EMPLOYER
        SECURITIES

       

      Generally,
        Employer Matching Contributions are made in the form of Capital Corp of the
        West
        Common Stock (?Employer Securities?). Participants are restricted from
        reinvesting the Employer Matching Contributions made in Employer Securities
        in
        another investment alternative under the Plan.

       

      To
        the
        extent that Participants do not have investment control over contributions
        made
        in the form of Employer Securities, Section 404(c) of ERISA shall not
        apply.

       

      The
        Administrative Committee shall vote the shares of all Employer Securities
        held
        as plan assets.

       

      AMENDMENT
        OF POLICY

       

      The
        Committee may amend this Policy at any time. Modifications of this Policy
        will
        be made by the Committee to help ensure that this Policy continues to reflect
        the Plan?s objectives. Changes to this Policy are expected to be infrequent,
        as
        they will reflect long-term considerations, rather than short-term changes
        in
        the financial markets.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      EXECUTION

       

      This
        Investment Policy Statement is approved and adopted by Administrative Committee
        for the Capital Corp of the West 401K Plan on:

       

      5/6/04______

      Date
        

       

      

       

      Roger
        D. Mckinney EVP/CFO    /s/
        Roger D. Mckinney

      Committee
        Member Name and Title    Signature

       

      Michael
        T. Ryan CAO     /s/
        Michael T. Ryan

      Committee
        Member Name and Title    Signature

       

      Ed
        J.
        Rocha EVP/COO     /s/
        Ed
        J. Rocha

      Committee
        Member Name and Title    Signature

       

      Joanne
        M Dunlap VP/Director of HR   /s/
        Joanne Dunlap

      Committee
        Member Name and Title    Signature

       

      Donielle
        Kramer HR
        Administrator                              
        /s/
        Donielle Kramer

      Committee
        Member Name and Title    Signature

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