THOMSON'S MANUAL
LIABILITIES—
installment Bonds ..oo.ccooimanannae..
Reserve for Conversion..........
Collateral Trust Notes. .ooiooraer cane.
School Dist. Sinking Funas.....ccceeccoocaiaene.
Real Estate Mortgage Certificates...
Livestock Prepayments .... RR AN RR
Notes Payable .... TS
ACCOUNLS Payable ae itera meena
Due on Stock Consolidated Credit Coro. ..coociiiiiianies
Accrued Interest Payable... I
Rediscount, Livestock Notes...... .
DBTOTTOO CT CAILB iiimssomsinnins mms mss sas ess wos oss sao Sei a wR EHH
Reserve for Installment Bonds... .o.ooiiirieiianeas
Reserve for Contingencies... cicaeiineeccaeaaaeennen
PTrefortall SHOU ummm ge esses wis ssn mms
Common Stock ee maemmeeeeamaeseenmmeenstnammaannemaee
surplus .. RRR
TOTAL LIABILITIES oan,
$1,011,970
170,997
323,691
20,000
159.600
71,671
142,521
212,712
8,891
166.114
292,014
147,303
.66,000
00,000
127,656
2 855 042
$1,102,582
108,907
17,650
158,050
4,571
86,087
121,115
30,064
307,603
6,806
295,209
132,405
100,000
600,000
125.650
$3,496,688
WEST COAST BANCORPORATION
GENERAL OFFICE: Porter Bldg. Portland, Ore.
HISTORY: Incorporated under the laws of Oregon May 8, 1928. Acquired con-
trolling interest in 8 banks in Oregon, headed by the West Coast National Bank,
Portland. and one bank in Washington.
Under an agreement effected March 21, 1930, the corporation sold to U. S.
National Corporation of Portland its 8 outlying banks: Citizens Nat. Bank, Pen-
insula Nat. Bank, Union State Bank, all of Portland; U. S. Nat. Bank of Salem,
UJ. S. Nat. Bank of McMinnville, First Nat. Bank of St. Helens, Bank of Mt. Angel
and First Nat. Bank of Camas, Wash. receiving therefor 60,812 shares of U. S.
National Corp. Class A series A stock with book value of $43.33 a share.
At same time U. S. National Bank bought entire deposit liability of West
Coast National Bank at a price said to permit liquidation of the bank at a figure
satisfactory to stockholders.
The West Coast Bancorp. became the largest stockholder in the U. S. Nat.
Corp. It is obligatory upon West Coast Bancorp. to hold U. 8S. Nat. “A” stock
for three years unless it is retired before that time by issuing corporation at
$43.33 a share through exchange at $110.00 a share of U. S. Nat. Bank stock in an
amount aggregating the value of the U. 8. Nat. Corp. “A” stock so retired. After
three years the U. S. Nat. Corp. may retire its “A” stock at $43.33 per share or
at book value, whichever is higher.
Management announced that West Coast Bancorp. will continue as a security
investment company whose principal investment is in the U. 8S. Nat. Corp., but
with other diversifed investments and stock purchase privileges in subsequent
:apital increases in the U. S. Nat. Bank.
DFFICERS: FE. H. Sensenich, Pres.: J. N. Edlefsen, Vice Pres. and Treas.; An-
irew Miller, Sec.; G. W. Sensenich, Asst. Sec.
DIRECTORS: E. H. Sensenich, J. N. Edlefsen, H. 8S. Tuthill, H. T. Nicolai, W. 0.
Munsell, Ross McIntyre, Thomas Autzen, E. A. Clark, G. W. Weatherly, all of
2ortland, Ore. ,
GENERAL AUDITORS: Price, Waterhouse & Co., Portland, Ore.
Fiseal Year Ends: Mar. 31. Annual Meeting: 3rd Tues. in May
CAPITALIZATION, As of Mar. 31, 1930
Par Value Authorized
No Par 500,000 shs
No Par 1,000 shs
Outstanding
189,633 shs
1 000 shs
1. Class A Stock...........
2. Class B Stock.
1. OCI. ASS A STOCK
Provisions: Participates fully in
earnings and in dissolution is preferred
over Class B stock, to extent of $25.00
per share. Class A stock has no voting
rights. Holders of Class A stock en-
titled to subscribe in proportion of their
holdings for any unissued or increased
issue of Class A stock at the price at
which same may be offered, except
where such stock is utilized by direc-
tors for purchase of property.
Dividends: 25 cents a share paid
quarterly, Jan., Apr., Julv. Oct. 25. since
fan. 25. 1929
Ex-Dividend Date: 5th of month on
which dividends are paid.
Transfer Agents: West Coast Ban-
:orporation, Portland, Ore.; Wells Far-
zo Bank & Union Trust Co. San Fran-
zisco, Calif.
Registrar: West Coast Bancorpora-
rion, Portland, Ore.; Pacific National
3ank of San Francisco, Calif.
Publie Offering by: Bond & Good-
win & Tucker, Portland, Ore.
Number of Stockholders: 1,475.
Listed on: San Francisco Stock Ex-
rhange. Seattle Stock Exchange
