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ORANGE COUNTY EARNINGS

$1.4-Million Loss for West Coast Bancorp

May 14, 1994

West Coast Bancorp, a Newport Beach bank holding company, reported a first-quarter loss of $1.4 million, or 15 cents a share, contrasted with a net loss of $1.4 million, or 16 cents a share, for the like period in 1993. The company said the quarterly loss resulted primarily from losses associated with non-performing assets. Total assets as of March 31 fell 18% from the year-earlier period, to $284.7 million from $347.3 million.

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