| Business Summary | | West
Coast
Bancorp
is
a
bank
holding
company
that
conducts
its
principal
business
activities
through
its
full-service,
commercial
bank
subsidiary,
West
Coast
Bank.
At
December
31,
2000,
the
Bank
had
facilities
in
32
cities
and
towns
in
western
Oregon
and
western
Washington,
operating
a
total
of
37
full-service
and
three
limited-service
branches.
The
Company
also
owns
West
Coast
Trust
Company,
Inc.
an
Oregon
trust
company
that
provides
agency,
fiduciary
and
other
related
trust
services.
The
market
value
of
assets
managed
for
others
at
December
31,
2000,
totaled
$252.1
million.
Net
loans
of
$986
million
at
December
31,
2000,
represented
approximately
72.8%
of
total
assets.
Bancorp
had
deposits
totaling
$1.077
billion
at
year-end
2000. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | West
Coast
Bancorp
/OR/
is
a
multi-bank
holding
company
whose
subsidiaries
operate
37
full-service
offices
and
three
limited-service
branches
in
Oregon
and
Washington.
For
the
six
months
ended
6/30/01,
total
interest
income
fell
4%
to
$51.1
million.
Net
interest
income
after
loan
loss
provision
fell
7%
to
$27
million.
Net
income
rose
34%
to
$6.4
million.
Results
reflect
lower
earning
asset
balances,
offset
by
the
absence
of
$4.9
million
in
litigation
settlement
charges. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| C. McGregor, 62 Chairman | -- | Robert Sznewajs, 54 Pres,
CEO, Director | $250K | Anders Giltvedt, 41 CFO,
Exec. VP | 174K | Richard Rasmussen Exec.
VP, Gen. Counsel | -- | Cynthia Sparacio, 48 Exec.
VP of HR and Admin. Officer | -- | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|