Press Release

Grant Watkinson Joins Capital Pacific Bank’s Board of Directors

6/8/2010

Press Contact:
Christie Nye
(503) 477-6387

Grant Watkinson, an active leader in Portland’s sustainability community and experienced business executive, has been elected to serve on Capital Pacific Bank’s Board of Directors.

“Our bank is pleased to round out our Board with someone of Grant’s caliber. He will be a great resource to our executive team and staff given his deep roots in sustainable practices and business leadership experience,” said Mark Stevenson, Capital Pacific Bank president and CEO.

Watkinson is the retired co-founder and president of Coastwide Laboratories (“Coastwide”), a janitorial supply company that pioneered the manufacturing and distribution of green cleaning chemicals. He served in this position for 30 years until the company was acquired in 2006 by Corporate Express (a Staples Company). Following the acquisition, he continued to act in an advisory capacity though 2009. Under his direction, Coastwide earned the BEST (Businesses for an Environmentally Sustainable Tomorrow) award for their Sustainable Earth® product line.

Watkinson was appointed to the Oregon Community Sustainability Council by former Governor Kitzhaber and is a sustaining member with the Natural Step Network. He is an advisory board member of Stand for Children Oregon as well as Co-Chair of Lake Oswego’s Sustainability Advisory Board.

About Capital Pacific Bancorp
Capital Pacific Bancorp (OTC: CPBO.OB) is the parent company of Capital Pacific Bank, which serves businesses, professionals and nonprofit organizations with comprehensive business banking expertise and an elite level of service. Headquartered in the Fox Tower in downtown Portland, the bank's full array of products and services are delivered through a strategic combination of highly experienced client service officers and the innovative application of technology. For more information on Capital Pacific Bancorp, past press releases or letters to shareholders, please visit www.capitalpacificbank.com.

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