West Cost Bancorp (WCBO) Announces Suspension of Cash Dividend

West Coast Bancorp (Nasdaq: WCBO) announced that it has suspended the payment of cash dividends to its shareholders as part of the Company's efforts to preserve capital

West Coast Bancorp is a Northwest bank holding company with $2.6B in assets, operating 65 offices in Oregon and Washington. The decision taken was owing to Company's operating losses over the past twelve months and the continuing weak economy.