WCBO West Coast Bancorp (MM)

West Coast Bank Is One of the First Financial Institutions in the United States to Offer Branded Gift Card Products in Branches LAKE OSWEGO, Ore., Aug. 23 /PRNewswire-FirstCall/ -- West Coast Bank (NASDAQ:WCBO) is now offering customers the Coinstar line of popular gift card, prepaid wireless, cash card, and phone card products. "We are excited to be one of the first banks in the country to offer this line of branded prepaid products in our branches," said Robert D. Sznewajs, West Coast Bank President and CEO. "These stored value card offerings are consistent with the company's payments system strategy of providing innovative financial solutions to customers visiting our branches." Included in the product line are gift cards from top food, entertainment and retail businesses such as Chili's, Borders(R), Starbucks(R), Circuit City(R), AMC Theatres(R), KB Toys(TM), and Timberland(R). West Coast Bank will also offer Green Dot(R) debit cards, the most widely distributed prepaid cash card product. The gift card market, one of the fastest-growing areas in stored value, is expected to reach to $100 billion by 2010, up from about $69 billion in 2005(1). Gift cards create a new destination service for existing customers, while products such as cash cards, prepaid wireless airtime and phone cards attract new segments for banks, including the young, under-banked or unbanked. "Coinstar's Gift Card Mall and our prepaid product portfolio is a step up from what exists for the banking industry today," said Steve Verleye, Coinstar Senior Vice President and General Manager, E-Pay. "After examining current solutions available to banks and other retailers, we developed a modern program that creates opportunity for financial institutions -- a turnkey solution to improve customer service and drive incremental traffic, sales and profit." Coinstar delivers a unique category management program that includes inventory control, management of card sourcing, display design and merchandising and technology integration for point-of-sale. Coinstar's gift card portfolio includes regional and national retail branded gift cards as well as gift cards from online retailers. The company also offers self- service prepaid and coin counting kiosks, POSA and host-to-host point-of-sale solutions tailored to fit each retail situation. Sznewajs, West Coast Bank President and CEO, is a member of the Coinstar board of directors. About Coinstar, Inc. Coinstar, Inc. (NASDAQ:CSTR) is a multi-national company offering a range of 4th Wall(TM) solutions for the retailers' front of store consisting of self-service coin counting, electronic payment solutions, entertainment services and self-service DVD rental. The company's products and services can be found at more than 60,000 retail locations including supermarkets, drug stores, mass merchants, convenience stores, and restaurants. For more information, visit http://www.coinstar.com/ . About West Coast Bancorp West Coast Bancorp (NASDAQ:WCBO), one of Oregon Business Magazine's 100 Best Companies to Work For, is a Northwest bank holding company with $2.3 billion in assets, operating 56 offices in Oregon and Washington. The company combines the sophisticated products and expertise of larger banks with the local decision making, market knowledge and customer service of a community bank. For more information, visit the Company web site at http://www.wcb.com/ . (1) "The Pelorus Group, Stored Value: New Markets, New Growth," December, 2005. Market estimates include retailer gift cards. Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The words "believe," "estimate," "expect," "intend," "anticipate," "goals," variations of such words, and similar expressions identify forward-looking statements, but their absence does not mean that the statement is not forward-looking. The forward-looking statements in this release include statements regarding estimated future market sizes. Forward-looking statements are not guarantees of future performance and actual results may vary materially from the results expressed or implied in such statements. Differences may result from actions taken by Coinstar, Inc., as well as from risks and uncertainties beyond Coinstar, Inc.'s control. Such risks and uncertainties include, but are not limited to, the effect of and financing of recent acquisitions, the ability to successfully integrate acquired businesses, the ability to bring new and repeat customers to Coinstar(R) machines, the ability to obtain new agreements with potential retailers for the installation of Coinstar machines and the retention of the current agreements with our existing retailers on terms that are not materially adverse to Coinstar, Inc., and legal or governmental regulatory action and uncertainties relating to the ultimate success of new business initiatives. The foregoing list of risks and uncertainties is illustrative, but by no means exhaustive. For more information on factors that may affect future performance, please review "Risk Factors" described in Item 1A of Part II of our most recent Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission. These forward-looking statements reflect Coinstar, Inc.'s expectations as the date of this release. Coinstar, Inc. undertakes no obligation to update the information provided herein. DATASOURCE: West Coast Bank CONTACT: Robert D. Sznewajs, President & CEO of West Coast Bank, +1-503-598-3243 Web site: http://www.coinstar.com/ Web site: http://www.wcb.com/

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