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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
July 19, 1999
WEST COAST BANCORP
(Exact name of registrant as specified in its charter)
OREGON
(State or other jurisdiction of incorporation)
0-10997 93-810577
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(Commission File Number) IRS Employer Identification No.
5335 Meadows Rd, Suite 201
Lake Oswego, OR 97035
(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code: (503) 684-0884
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ITEM 5. OTHER EVENTS
On July 19, 1999, Chairman of the Board, Gary D. Putnam announced that
Victor L. Bartruff stepped down as President and Chief Executive Officer and
resigned as a Director of West Coast Bancorp and West Coast Bank for business
and personal reasons.
Ronald T. DeLude, the Chief Operating Officer of both companies, was
appointed acting President and Chief Executive Officer.
West Coast Bancorp is a Northwest community bank holding company, operating
42 offices in the western Oregon and Washington markets. West Coast Bancorp is
the parent company of West Coast Bank and West Coast Trust.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA, FINANCIAL INFORMATION, AND EXHIBITS
(a) Financial Statements: Not Applicable
(b) Pro forma Financial Information : Not Applicable
(c) Exhibits.
(99) Press Release dated July 19, 1999 issued by Bancorp
announcing the resignation of Victor Bartruff.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: July 22, 1999
WEST COAST BANCORP
By /s/ Donald A. Kalkofen
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Donald A. Kalkofen
Executive Vice President and Chief Financial
Officer
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WEST COAST BANCORP ANNOUNCES MANAGEMENT CHANGE
LAKE OSWEGO, Ore.-- Chairman of the Board, Gary D. Putnam, today announced that
Victor L. Bartruff is stepping down as President & Chief Executive Officer and
resigning as a Director of West Coast Bancorp and West Coast Bank for business
and personal reasons.
Ronald T. DeLude, currently the Chief Operating Officer of both companies, has
been appointed acting President & Chief Executive Officer. "We feel fortunate to
have a qualified individual such as Mr. DeLude to serve as interim President &
Chief Executive Officer," stated Mr. Gary D. Putnam, Chairman of the Board of
West Coast Bancorp. "It is our intention to begin an extensive nationwide search
for a permanent replacement," continued Mr. Putnam.
West Coast Bancorp is a Northwest community bank holding company, operating 42
offices in the western Oregon and Washington markets. West Coast Bancorp is the
parent company of West Coast Bank and West Coast Trust. The Company offers a
broad range of banking, investment, and trust services.
Contact:
West Coast Bancorp
Ronald T. DeLude, 360/906-4259
or
Donald A. Kalkofen, 503/598-3244
