WCBO West Coast Bancorp (MM)

The West Coast Bancorp (Nasdaq:WCBO) Board of Directors declared a quarterly cash dividend of $.05 per common share on December 11, 2012. The dividend will be payable on January 31, 2013, to shareholders of record on January 10, 2013. West Coast Bancorp is a publicly held, Northwest bank holding company headquartered in Oregon with $2.4 billion in assets, and the parent company of West Coast Bank and West Coast Trust Company, Inc. West Coast Bank operates 58 branches in Oregon and Washington. The Company serves clients who seek the resources, sophisticated products and expertise of larger financial institutions, along with the local decision-making, market knowledge, and customer service orientation of a community bank. The Company offers a broad range of banking, investment, fiduciary and trust services. For more information, please visit the Company web site at www.wcb.com.

The West Coast Bancorp logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=13726

CONTACT: Robert D. Sznewajs 
         President & CEO
         503.598.3243   
         sznewajsr@wcb.com
         
         Anders Giltvedt
         Executive Vice President & CFO 
         503.598.3250
         giltvedta@wcb.com