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WEST COAST BANCORP RESPONDS TO WESTERN BANK OFFER

 NEWPORT, Ore., April 12 /PRNewswire/ -- Victor L. Bartruff, president of West Coast Bancorp, confirmed today that on April 8, 1993, Western Bank made an unsolicited offer to purchase West Coast Bancorp.
 According to Bartruff, "The board of directors of West Coast Bancorp has not yet had an opportunity to review the proposal. It is being distributed to members of the board, who will meet next week to review and consider the proposal. We've also asked West Coast Bancorp's financial advisers to review the proposal and submit their comments to the board. The board then will decide what response should be made to Western Bank's proposal."
 The Bank of Newport is the principal subsidiary of West Coast Bancorp. It is a 68-year-old full-service financial institution with branches in Newport, Lincoln City, Depoe Bay, Waldport, Toledo and a business banking office in Lake Oswego.
 George C. St. Laurent Jr., chairman and chief executive officer of Western Bank, is the largest single stockholder of Western Bank and personally owns stock of West Coast Bancorp.
 -0- 4/12/93
 /CONTACT: Victor Bartruff, president of West Coast Bancorp, 503-265-6666/


CO: West Coast Bancorp; Western Bank ST: Oregon IN: FIN SU:

LS-JL -- LA010 -- 4642 04/12/93 09:02 EDT
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Publication:PR Newswire
Date:Apr 12, 1993
Words:204
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