The company has also announced a quarterly loss of $7.6 million or $.49 per diluted share for the fourth quarter of 2007, compared to fourth quarter 2006 earnings of $7.7 million or $.48 per diluted share.
Compared to fourth quarter 2006, the company generated an increase in total fee income while total non-interest expense was nearly flat.
Robert Sznewajs, president and CEO of West Coast Bancorp, said: We remain committed to growing our core businesses consistent with our previously outlined strategy. The combination of our strong payments system products, delivery branch system and very talented people continues to give us a competitive advantage in the market place.
