Coinstar, Inc. (NASDAQ:CSTR) today announced that West Coast Bank (NASDAQ:WCBO), a leading Pacific Northwest community bank, will be the first in the region and one of the first in the country to offer the new Madison coin-counting kiosk from Coinstar. The service will be free of charge to bank customers in 10 Oregon and Washington branch locations. �We are pleased to be the first Pacific Northwest bank to offer our customers this valuable coin-counting service free of charge. And, since the Coinstar program is completely turnkey, we can offer it without increasing our staff workload,� said West Coast Bank President and CEO Robert D. Sznewajs. The Madison coin-counting kiosk, introduced late last year, is now available for banks and credit unions to install. The Madison kiosk is simple to use for customers and easy to deploy and maintain for financial institutions. Coinstar�s turnkey, owner-operator model significantly decreases costs and hassles for financial institutions. �West Coast Bank is a forward-thinking, customer-oriented bank, and we�re very pleased that they will be offering our Madison kiosk,� said Alex Camara, senior vice president and general manager of worldwide coin at Coinstar, Inc. �By offering our coin-counting service at no charge to its customers, West Coast Bank not only increases traffic into the branch, but has the ability to attract new customers, enhance existing relationships and build loyalty among its customer base.� The Coinstar� coin counting kiosks that will be installed at West Coast Bank this month will offer a Coins to Cash� feature, Coin to eCertificate, as well as the ability to accept donated change for designated non-profit organizations. For Coins to Cash transactions, customers simply pour their loose, unsorted change into the machine, then once counted, the machine will dispense a voucher that may be brought to the teller window to receive the full coin value in the form of currency or deposit into their account (non-customers pay a service fee of 7.9 percent). To receive an eCertificate from national retailers such as Amazon.com, iTunes, and Eddie Bauer, users go through the same process as Coins to Cash, with the exception of going to the teller window. A redemption code printed on the voucher makes it possible to make purchases online. For charity donations, the customer receives a tax-deductible receipt. About Coinstar, Inc. Coinstar, Inc. (Nasdaq: CSTR) is a multi-national company offering a range of 4th Wall� 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, banks, drug stores, mass merchants, convenience stores, and restaurants. For more information, visit 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 $2.5 billion in assets, operating 59 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 www.wcb.com. 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 the benefits and future availability of the Madison coin-counting kiosk. 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� 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 I of our most recent Annual Report on Form 10-K filed with the Securities and Exchange Commission. These forward-looking statements reflect Coinstar, Inc.'s expectations as of the date of this release. Coinstar, Inc. undertakes no obligation to update the information provided herein.
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