Investor Relations

Exchange of Santa Cruz County Bank stock for West Coast Community Bancorp
On August 18, 2023, West Coast Community Bancorp, Holding Company of the wholly owned subsidiary, Santa Cruz County Bank, was established. Below are FAQ's regarding this transaction.

Q. Why was the holding company formed?

West Coast Community Bancorp was established with Santa Cruz County Bank as its wholly owned subsidiary for the purpose of gaining flexibility in the event that we see opportunity for future endeavors and growth that would not be possible without this change in corporate structure.

Q. How will this impact Santa Cruz County Bank and will there be changes in the Bank's leadership and Board of Directors as the result of the formation of West Coast Community Bancorp?

The formation of the Holding Company does not change anything with respect to our daily operations or employees of Santa Cruz County Bank. There are no changes to the Bank's Board of Directors and Executive leadership team as a result of the formation of the Holding Company.

Q. What do I need to do to exchange my Santa Cruz County Bank stock for West Coast Community Bancorp stock?

If your shares are held in a brokerage account, your shares will automatically be exchanged 1:1 for West Coast Community Bancorp common stock.

If your shares are held in certificate form, you will receive a package by U.S. mail from Computershare, our Stock Transfer Agent, with instructions on how to exchange your shares. Santa Cruz County Bank shareholders with stock certificates will need to complete the Letter of Transmittal included in the package and return their Santa Cruz County Bank stock certificate(s) by mail to Computershare for the exchange to Santa Cruz County Bank stock.

Q. I cannot find my Santa Cruz County Bank stock certificate. What do I do?

If you cannot locate some or all of your certificates, please complete the Lost Securities Affidavit which is included within the aforementioned packet of material you will be receiving by mail from Computershare, our Stock Transfer Agent.

If your shares are held in a brokerage account, there is nothing you need to do.

Q. What is the exchange rate for Santa Cruz County Bank shares to West Coast Community Bancorp?

As a result of the formation of the holding company, each Santa Cruz County Bank share has been cancelled and automatically converted into the right to receive a share of West Coast Community Bancorp common stock.

Q. Where can I call with questions about the package I received from Computershare?

You may direct any questions regarding the Letter of Transmittal to Computershare at (800) 546-5141.

Q. Is the exchange of Santa Cruz County Bank stock for West Coast Community Bancorp a taxable event?

No.

Q: What is the tax basis on the exchange of Santa Cruz County Bank shares into West Coast Community Bancorp?

This is a tax-free transaction. Your tax basis per share on the new shares of West Coast Community Bancorp will remain the same as the tax basis per share of your exchanged shares of Santa Cruz County Bank. Form 8937 is available on our website, Investor Relations page.

Q. Will the "SCZC" stock ticker symbol change?

No.

Santa Cruz County Bank's Annual Meeting of Shareholders was held on May 24, 2023. Voting results from the 2023 Annual Meeting are presented below.

Three items of business were voted on: (1) the election of eight (8) directors to serve until the 2024 annual meeting of shareholders and their successors are elected and qualified, and (2) the ratification of the appointment of the Bank's independent public accounting firm for 2023, and (3) To approve the principal terms of the Plan of Reorganization and Merger Agreement providing for the reorganization of Santa Cruz County Bank into a wholly owned subsidiary of West Coast Community Bancorp.

A total of 6,467,735 shares were represented and voting at the meeting, constituting 76.68% of the 8,434,755 issued and outstanding shares entitled to vote at the meeting. Quorum was reached. There was no solicitation in opposition to Management's nominees for director as listed in the proxy statement for the annual meeting, and all of such nominees were elected pursuant to the vote of the shareholders. The vote on the election of the eight (8) nominees for director was as follows:

Director	For	Percent of Votes Cast "For"	Withheld	Percent of Votes Withheld
John C. Burroughs	4,203,489	90.48%	442,387	5.24%
Kenneth R. Chappell	4,295,871	92.40%	353,309	4.19%
Craig A. French	4,288,141	92.23%	361,039	4.28%
Thomas N. Griffin	4,257,083	91.63%	388,793	4.61%
William J. Hansen	3,697,198	79.52%	951,982	11.29%
Stephen D. Pahl	4,068,362	87.51%	580,818	6.89%
Krista Snelling	4,048,452	87.14%	597,424	7.08%
James L. Weisenstein	4,293,055	92.34%	356,125	4.22%

There were 1,818,555 broker non-votes received with respect to this item of business.

The number voting "For" constituted over 79% of the total number of shares represented for all directors listed to this item of business.

For: 6,443,023
Against: 1,386
Abstain: 20,022

The number voting "For" constituted 99.67% of the total number of shares represented and voting at the meeting with respect to this item of business.

The final matter voted on at the annual meeting relates to the formation of a holding company. At the meeting, shareholders approved the principal terms of the Plan of Reorganization and Merger Agreement providing for the reorganization of Santa Cruz County Bank into a wholly-owned subsidiary of West Coast Community Bancorp. Shares were voted as follows:

For: 4,505,149
Against: 93,117
Abstain: 50,914

The number voting "For" constituted 96.90% of the total number of shares represented and voting at the meeting with respect to this item of business.

Total votes represented in person or by proxy: 6,467,735
Percentage of the outstanding votable shares: 76.68%
Outstanding eligible votes: 8,434,755

2022 Shareholders' Meeting Voting Results

Santa Cruz County Bank's Annual Meeting of Shareholders was held on May 25, 2022. Voting results from the 2022 Annual Meeting are presented below.

Two items of business were voted on: (1) the election of eight (8) directors to serve until the 2023 annual meeting of shareholders and their successors are elected and qualified, and (2) the ratification of the appointment of the Bank's independent public accounting firm for 2022.

A total of 6,125,548 shares were represented and voting at the meeting, constituting 71.75% of the 8,536,924 issued and outstanding shares entitled to vote at the meeting. There was no solicitation in opposition to Management's nominees for director as listed in the proxy statement for the annual meeting, and all of such nominees were elected pursuant to the vote of the shareholders. The vote on the election of the eight (8) nominees for director was as follows:

Director	For	Percent of Votes Cast "For"	Withheld	Percent of Votes Withheld
John C. Burroughs	3,665,272	77.59%	1,058,515	22.41%
Kenneth R. Chappell	3,918,606	82.95%	805,181	17.05%
Craig A. French	3,843,996	81.38%	879,791	18.62%
Thomas N. Griffin	3,713,246	78.61%	1,010,541	21.39%
William J. Hansen	3,852,542	81.56%	871,245	18.44%
Stephen D. Pahl	3,787,316	80.18%	936,471	19.82%
Krista Snelling	3,879,416	82.13%	844,371	17.87%
James L. Weisenstein	3,926,744	83.13%	797,043	16.87%

There were 1,401,761 broker non-votes received with respect to this item of business.

The appointment of Crowe LLP as the Bank's independent registered public accounting firm for 2022 was ratified, with the number of shares voted as follows:

For: 5,741,063
Against: 361,545
Abstain: 22,940

The number voting "For" constituted 93.73% of the total number of shares represented and voting at the meeting with respect to this item of business.

Q. How can I buy West Coast Community Bancorp stock?

West Coast Community Bancorp stock is publicly traded on the OTCQX U.S. Premier Market under the symbol SCZC. A broker such as Charles Schwab or Merrill Lynch can place a buy order on your behalf or you can contact one of the Market Makers listed on this site.

Q. How can I find out what my stock is worth?

A quote may be obtained from any quotation service. You will need to enter our stock symbol as SCZC.

Q. I would like to transfer my West Coast Community Bancorp stock shares to my children. How can I change the registration on the certificate?

The Bank's registrar and Transfer Agent, Computershare Investor Services can provide guidance on the process for a change in registration and the required endorsement on the back of the stock certificate before it is tendered to them for reissue with the new registration. Contact Computershare Investor Services toll free at 800.835.8778.

Q. I lost my stock certificate, how can I obtain a replacement?

Please contact Computershare Investor Services at 800.835.8778 to obtain a replacement certificate.

Q. Can I deposit my West Coast Community Bancorp stock certificate into my brokerage account?

Yes, your broker can add the certificate to your account, and we generally recommend that all stock certificates be deposited with a brokerage to avoid the risk of loss of the certificate.

Q. How can I sell my stock?

There is a market for West Coast Community Bancorp stock and any brokerage or Market Maker should be able to assist with a sell transaction.

Q. How can I change my address on my stock certificate?

Please contact Computershare Investor Services at 800.835.8778 with your new address and phone number. Or, if your shares are held in a brokerage account, please notify your broker of your change of address.

Q. What is my tax basis on the exchange of Santa Cruz County Bank (SCZC) stock into West Coast Community Bancorp (WCCB) stock?

As required by IRS regulations, we have filed a Form 8937 with the IRS in conjunction with the formation of the Holding Company, West Coast Community Bancorp, effective August 18, 2023. Holders of West Coast Community Bancorp stock should consult their tax advisors for additional information or with any questions.

Historical Form 8937 information for holders of Santa Cruz County Bank and Lighthouse Bank stock, (prior to formation of West Coast Community Bancorp, holding company for Santa Cruz County Bank).

Q. What is my tax basis on the 2-for-1 Stock Split paid on March 16, 2022?

As required by IRS regulations, we have filed a Form 8937 with the IRS in conjunction with the 2-for-1 Stock Split declared by the Board of Directors on February 15, 2022. Holders of Santa Cruz County Bank stock should consult their tax advisors for additional information or with any questions.

Q. What is my tax basis on the 10% Stock Dividend paid on November 8, 2021?

As required by IRS regulations, we have filed a Form 8937 with the IRS in conjunction with the 10% Stock Dividend declared by the Board of Directors on October 19, 2021. Holders of Santa Cruz County Bank stock should consult their tax advisors for additional information or with any questions.

Q. What is my tax basis on the 10% Stock Dividend paid on November 10, 2017?

As required by IRS regulations, we have filed a Form 8937 with the IRS in conjunction with the 10% Stock Dividend declared by the Board of Directors on October 17, 2017. Holders of Santa Cruz County Bank stock should consult their tax advisors for additional information or with any questions.

Q: What is the tax basis on the exchange of Lighthouse Bank for Santa Cruz County Bank shares?

As required by IRS regulations, we have filed a Form 8937 with the IRS in conjunction with the following organizational action: Santa Cruz County Bank (SCZC) acquired Lighthouse Bank (LGHT) effective October 21, 2019 for common stock and cash in lieu of any fractional shares. Holders of Lighthouse Bank stock should consult their tax advisors for additional information or with any questions.