#United States #Santa Cruz #West Coast Community Bancorp #West Coast Community Bank #Shareholder Voting

West Coast Community Bancorp's Annual Shareholder Voting Outcomes

On June 13, 2025, West Coast Community Bancorp, operating under the ticker symbol OTCQX: WCCB, held its annual shareholder meeting in Santa Cruz, California. As the parent company of West Coast Community Bank, formerly known as Santa Cruz County Bank, Bancorp shared notable insights regarding the voting results from the election of directors. This annual gathering spotlighted the engagement and commitment of shareholders, with a remarkable 74.41% of shares cast out of the total issued and outstanding shares.

Election Results

The results evidenced strong support for the management's nominees for the board of directors, with all nominees successfully elected according to shareholder vote. A total of 7,866,036 shares were represented at the meeting, showcasing a robust level of participation among investors. Here's a detailed breakdown of the voting outcomes for the ten director nominees:

1. John C. Burroughs - 5,152,106 votes (86.34% for, 13.66% withheld)
2. Caroline D. Chapin - 5,609,308 votes (94.00% for, 6.00% withheld)
3. Kenneth R. Chappell - 5,560,303 votes (93.30% for, 6.70% withheld)
4. Wayne S. Doiguchi - 5,581,943 votes (93.54% for, 6.46% withheld)
5. Craig A. French - 5,222,438 votes (87.52% for, 12.48% withheld)
6. Kurt J. Gollnick - 5,534,337 votes (92.86% for, 7.14% withheld)
7. Daniel R. Hightower, M.D. - 5,614,964 votes (94.10% for, 5.90% withheld)
8. Stephen D. Pahl - 5,630,407 votes (94.36% for, 5.64% withheld)
9. Krista Snelling - 5,732,543 votes (96.19% for, 3.81% withheld)
10. James L. Weisenstein - 5,574,674 votes (93.42% for, 6.58% withheld)

The vote count demonstrated that the nominations were met with overwhelming approval, as each director received at least 86.34% support from the shareholders. This broad approval vote reflects confidence in the leadership and vision of the Bancorp's governance.

Financial Oversight and Accounting Firm Appointment

Additionally, the meeting ratified the appointment of Crowe LLP as the independent registered public accounting firm for the year 2025. An impressive 99.85% of shares voted in favor of this decision, indicating strong shareholder trust in the firm’s capabilities to deliver effective oversight of the bank's financial practices.

About West Coast Community Bancorp

Established in 2004, West Coast Community Bank operates as a key player in the community banking sector, offering a variety of financial services tailored for both individual and business clientele. With an emphasis on relationship-driven service, the Bank prides itself on being accessible and responsive to customer needs. Its operations extend throughout Santa Cruz and neighboring regions, establishing it as a significant lender in both Santa Cruz County and Silicon Valley.

West Coast Community Bank's offerings are diverse and competitive, encompassing business loans, real estate financing, agricultural loans, and various consumer services, all facilitated through advanced banking technology. One of Bancorp's core commitments is its investment in community well-being, demonstrated through active participation and contributions to local nonprofit initiatives.

As financial markets evolve, the Bancorp remains vigilant in addressing potential risks and navigating uncertainties that may affect its operations and strategic goals. Shareholders and stakeholders are reminded that forecasts shared by the management are subject to change based on a variety of economic and operational factors, calling for cautious optimism and ongoing engagement with the organization’s developments.

For more detailed information about West Coast Community Bancorp and to stay updated on future developments, visit wccb.com.