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<B><FONT size=2 face="serif">As filed with the Securities and Exchange Commission on September 19, 2005<br>
&nbsp;</FONT></B><P align="center">
<B><FONT size=2 face="serif">UNITED STATES </FONT></B><BR>
<B><FONT size=2 face="serif">SECURITIES AND EXCHANGE COMMISSION</FONT></B><BR>
<B><FONT size=2 face="serif">WASHINGTON, D.C. 20549 </FONT></B>
<P align="center">
<B><FONT face="serif">POST EFFECTIVE AMENDMENT NO. 1 TO FORM S-4 ON FORM S-8 </FONT></B><BR>
<B><FONT face="serif">REGISTRATION STATEMENT</FONT></B><FONT face="serif"> </FONT><B><FONT face="serif">UNDER THE SECURITIES ACT OF 1933</FONT></B><P align="center">
<B><FONT face="serif">VENTURE FINANCIAL GROUP, INC.</FONT></B><BR>
<B><FONT size=2 face="serif">(Exact name of registrant as specified in its charter)</FONT></B><FONT size=2 face="serif">
<br>
&nbsp;</FONT><div align="center">
<TABLE border=0 cellspacing=1 cellpadding=0 width="731">
<TR valign="bottom">
	<TD width="26%" nowrap align=center>
<FONT size=2 face="serif">Washington</FONT>&nbsp;
	</TD>
	<TD width="7%">
&nbsp;	</TD>
	<TD width="40%" nowrap align=center colspan="3">
&nbsp;
	<FONT size=2 face="serif">6022</FONT>&nbsp;
	</TD>
	<TD width="1%">
&nbsp;	</TD>
	<TD width="27%" nowrap colspan=3 align=center>
<FONT size=2 face="serif">91-1277503</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width="26%" nowrap align=center>
<FONT size=2 face="serif">(</FONT><B><FONT size=2 face="serif">State of Incorporation</FONT></B><FONT size=2 face="serif">)</FONT>&nbsp;
	</TD>
	<TD width="7%">
&nbsp;	</TD>
	<TD width="40%" nowrap colspan=3 align=center>
<FONT size=2 face="serif">(</FONT><B><FONT size=2 face="serif">Primary Standard Industrial</FONT></B>&nbsp;
	</TD>
	<TD width="1%">
&nbsp;	</TD>
	<TD width="27%" nowrap colspan=3 align=center>
<FONT size=2 face="serif">(</FONT><B><FONT size=2 face="serif">IRS Employer</FONT></B>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width="26%" nowrap align=center>
&nbsp;
	</TD>
	<TD width="7%">
&nbsp;	</TD>
	<TD width="40%" nowrap colspan=3 align=center>
<B><FONT size=2 face="serif">Classification Code Number</FONT></B><FONT size=2 face="serif">)</FONT>&nbsp;
	</TD>
	<TD width="1%">
&nbsp;	</TD>
	<TD width="27%" nowrap colspan=3 align=center>
<B><FONT size=2 face="serif">Identification No.</FONT></B><FONT size=2 face="serif">)</FONT>&nbsp;
	</TD>
</TR>
<TR>
	<TD colspan=9>
&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width="26%" nowrap align=center>
&nbsp;
	</TD>
	<TD width="7%">
&nbsp;	</TD>
	<TD width="40%" nowrap colspan=3 align=center>
<FONT size=2 face="serif">721 College Street SE, PO Box 3800</FONT>&nbsp;
	</TD>
	<TD width="1%">
&nbsp;	</TD>
	<TD width="14%" nowrap align=center>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width="10%" nowrap align=center>
&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width="26%" nowrap align=center>
&nbsp;
	</TD>
	<TD width="7%">
&nbsp;	</TD>
	<TD width="40%" nowrap colspan=3 align=center>
<FONT size=2 face="serif">Lacey, Washington 98509</FONT>&nbsp;
	</TD>
	<TD width="1%">
&nbsp;	</TD>
	<TD width="14%" nowrap align=center>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width="10%" nowrap align=center>
&nbsp;
	</TD>
</TR>
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	<TD width="26%" nowrap align=center>
&nbsp;
	</TD>
	<TD width="7%">
&nbsp;	</TD>
	<TD width="40%" nowrap colspan=3 align=center>
<FONT size=2 face="serif">(360) 459-1100</FONT>&nbsp;
	</TD>
	<TD width="1%">
&nbsp;	</TD>
	<TD width="14%" nowrap align=center>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width="10%" nowrap align=center>
&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width="95%" nowrap colspan=9 align=center>
<FONT size=2 face="serif">(</FONT><B><FONT size=2 face="serif">Address of Principal Executive Offices and Telephone Number</FONT></B><FONT size=2 face="serif">)</FONT>&nbsp;
	&nbsp;
	</TD>
</TR>
<TR>
	<TD colspan=9>
&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width="97%" nowrap colspan=9 align=center>
<FONT size=2 face="serif">Washington Commercial Bancorp Stock Option and Stock Grant Plan</FONT>&nbsp;
	&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width="97%" nowrap colspan=9 align=center>
<FONT size=2 face="serif">1999 Washington Commercial Bancorp Employee Stock Option Plan</FONT>&nbsp;
	&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width="97%" nowrap colspan=9 align=center>
<FONT size=2 face="serif">1999 Washington Commercial Bancorp Director Stock Option Plan</FONT>&nbsp;
	&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width="97%" nowrap colspan=9 align=center>
<FONT size=2 face="serif">2002 Washington Commercial Bancorp Director Stock Option Plan</FONT>&nbsp;
	&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD align=center width="97%" colspan=9>
<FONT size=2 face="serif">(</FONT><B><FONT size=2 face="serif">Full title of the plans</FONT></B><FONT size=2 face="serif">)</FONT>
	</TD>
</TR>
<TR>
	<TD colspan=9>
&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width="97%" nowrap align=center colspan="9">
&nbsp;
	<FONT size=2 face="serif">Ken F. Parsons, Sr., Chief Executive Officer</FONT>&nbsp;
	&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD align=center width="97%" colspan=9>
<FONT size=2 face="serif">Venture Financial Group, Inc.</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=center width="97%" colspan=9>
<FONT size=2 face="serif">721 College Street SE, PO Box 3800</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=center width="97%" colspan=9>
<FONT size=2 face="serif">Lacey, Washington 98509</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=center width="97%" colspan=9>
<FONT size=2 face="serif">(360) 459-1100</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=center width="97%" colspan=9>
<FONT size=2 face="serif">(</FONT><B><FONT size=2 face="serif">Name, Address and Telephone Number of Agent for Service</FONT></B><FONT size=2 face="serif">)</FONT>
	</TD>
</TR>
<TR>
	<TD colspan=9>
&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD align=center width="97%" colspan=9>
<FONT size=2 face="serif">With a Copy to:</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=center width="97%" colspan=9>
<FONT size=2 face="serif">Andrew H. Ognall, Esq.</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=center width="97%" colspan=9>
<FONT size=2 face="serif">Foster Pepper Tooze LLP</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=center width="97%" colspan=9>
<FONT size=2 face="serif">601 SW Second Avenue, Suite 1800</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=center width="97%" colspan=9>
<FONT size=2 face="serif">Portland, Oregon 97204</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=center width="97%" colspan=9>
<FONT size=2 face="serif">(503) 221-0607</FONT>
	</TD>
</TR>
<TR>
	<TD colspan=9>
&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD align=center width="97%" colspan=9>
<B><FONT size=2 face="serif">CALCULATION OF REGISTRATION FEE</FONT></B>
	</TD>
</TR>
<TR>
	<TD colspan=9 width="97%">
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	</TD>
</TR>
<TR>
	<TD colspan=9>
&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width="26%" nowrap align=center>
<p align="left">
<FONT size=2 face="serif">Title of Each Class of</FONT>&nbsp;
	</TD>
	<TD width="7%">
&nbsp;	</TD>
	<TD width="14%" nowrap align=center>
<p align="left">
<FONT size=2 face="serif">Amount to be Registered</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width="20%" nowrap align=center>
<p align="left">
<FONT size=2 face="serif">Proposed Maximum</FONT>&nbsp;
	</TD>
	<TD width="1%">
&nbsp;	</TD>
	<TD width="14%" nowrap align=center>
<p align="left">
<FONT size=2 face="serif">Proposed Maximum</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width="10%" nowrap align=center>
<p align="left">
<FONT size=2 face="serif">Amount of</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width="26%" nowrap align=center>
<p align="left">
<FONT size=2 face="serif">Securities to be Registered</FONT>&nbsp;
	</TD>
	<TD width="7%">
&nbsp;	</TD>
	<TD width="14%" nowrap align=center>
<p align="left"><FONT size=1 face="serif">(1)</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width="20%" nowrap align=center>
<p align="left">
<FONT size=2 face="serif">Offering Price per Unit</FONT>&nbsp;
	</TD>
	<TD width="1%">
&nbsp;	</TD>
	<TD width="14%" nowrap align=center>
<p align="left">
<FONT size=2 face="serif">Aggregate Offering Price</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width="10%" nowrap align=center>
<p align="left">
<FONT size=2 face="serif">Registration Fee</FONT>&nbsp;
	</TD>
</TR>
<TR>
	<TD colspan="9">
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD width="26%" nowrap align=center>
<I><FONT size=2 face="serif">Common Stock, no par value</FONT></I>&nbsp;
	</TD>
	<TD width="7%">
&nbsp;	</TD>
	<TD width="14%" nowrap align=center>
<p align="left">
<FONT size=2 face="serif">194,472</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width="20%" nowrap align=center>
<p align="left">
<FONT size=2 face="serif">N/A </FONT><SUP><FONT size=2 face="serif">(2)</FONT></SUP>&nbsp;
	</TD>
	<TD width="1%">
&nbsp;	</TD>
	<TD width="14%" nowrap align=center>
<p align="left">
<FONT size=2 face="serif">N/A </FONT><SUP><FONT size=2 face="serif">(2)</FONT></SUP>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width="10%" nowrap align=center>
<p align="left">
<FONT size=2 face="serif">N/A </FONT><SUP><FONT size=2 face="serif">(2)</FONT></SUP>&nbsp;
	</TD>
</TR>
<TR>
	<TD colspan="9">
<HR noshade size=2>
	</TD>
</TR>
</TABLE></div>
<BR>
<TABLE border=0 cellspacing=0 cellpadding=0>
<TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">(1)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<p align="left">
<FONT size=2 face="serif">Venture Financial Group, Inc. originally registered 850,000 shares of its common stock on the Registration Statement on Form S-4 to which this post-effective amendment relates. Venture will issue 574,608 shares to
shareholders of Washington Commercial Bancorp (WCB) in exchange for all of the issued and outstanding shares of WCB common stock. After converting all outstanding WCB stock options into options to acquire shares of Venture common stock, 194,472
represents the approximate number of shares subject to options outstanding under each of the Washington Commercial Bancorp Stock Option and Stock Grant Plan, 1999 Washington Commercial Bancorp Employee Stock Option Plan, 1999 Washington Commercial
Bancorp Director Stock Option Plan and 2002 Washington Commercial Bancorp Director Stock Option Plan.</FONT>	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">(2)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<p align="left">
<FONT size=2 face="serif">Pursuant to Rule 457(f), Venture was not required to pay a filing fee in connection with the registration of these securities with the filing of the Registration Statement on Form S-4 filed on June 13, 2005, amended July
12, 2005, and declared effective July 12, 2005.</FONT>	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR></TABLE>

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<A name="page_2"></A>

<P align="center">
<B><FONT size=2 face="serif">INTRODUCTORY STATEMENT</FONT></B><P>
<FONT size=2 face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; On September 2, 2005, Washington Commercial Bancorp (WCB) merged with and into Venture Financial Group, Inc. (Venture), with Venture the surviving corporation. As a result of the merger, each outstanding share of WCB
common stock was converted into the right to receive either cash or shares of Venture common stock.</FONT></P>
<P>
<FONT size=2 face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Each outstanding option issued pursuant to the Washington Commercial Bancorp Stock Option and Stock Grant Plan, 1999 Washington Commercial Bancorp Employee Stock Option Plan, 1999 Washington Commercial Bancorp Director
Stock Option Plan and 2002 Washington Commercial Bancorp Director Stock Option Plan is no longer exercisable for shares of WCB common stock, but instead, constitutes an option to acquire, on the same terms and conditions as were applicable under
such option immediately prior to consummation of the merger, that number of shares of Venture common stock equal to the product of the number of shares of WCB common stock for which such option was exercisable and 2.0465. The exercise price for each
option shall be equal to the exercise price per share for such option immediately prior to the effective time of the merger divided by 2.0465. </FONT></P>
<P>
<FONT size=2 face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The purpose of this post-effective amendment is to register on Form S-8 shares of Venture common stock previously registered on Form S-4 that will be issued pursuant to the exercise of options originally granted under the
Washington Commercial Bancorp Stock Option and Stock Grant Plan, 1999 Washington Commercial Bancorp Employee Stock Option Plan, 1999 Washington Commercial Bancorp Director Stock Option Plan and 2002 Washington Commercial Bancorp Director Stock
Option Plan. Venture assumed the obligations of WCB under each of the plans. </FONT></P>
<P align="center">
<B><FONT size=2 face="serif">PART II</FONT></B><P align="center">
<B><FONT size=2 face="serif">INFORMATION NOT REQUIRED IN PROSPECTUS</FONT></B></P>
<P>
<B><FONT size=2 face="serif">Item 3. Incorporation of Documents by Reference.</FONT></B></P>
<P align="left">
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The following documents are incorporated by reference in this registration statement</FONT></P>
<TABLE border=0 cellspacing=0 cellpadding=0 width="598">
<TR>
	<TD nowrap valign=top width="4">
&nbsp;</TD>
	<TD nowrap valign=top width="30">
&nbsp;</TD>
	<TD nowrap valign=top width="49">
<FONT size=2 face="serif">(a)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=515>
<FONT size=2 face="serif">Venture's annual report on Form 10-K for the year ended December 31, 2004.</FONT>	</TD>
</TR>
<TR><TD colspan=4>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top width="4">
&nbsp;</TD>
	<TD nowrap valign=top width="30">
&nbsp;</TD>
	<TD nowrap valign=top width="49">
<FONT size=2 face="serif">(b)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=515>
<FONT size=2 face="serif">Venture's quarterly reports on Form 10-Q for the quarters ended March 31, 2005 and June 30, 2005, and Venture's current reports on Form 8-K filed pursuant to Section 13(a) of the Securities Exchange Act of 1934 since
December 31, 2004.</FONT>	</TD>
</TR>
<TR><TD colspan=4>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top width="4">
&nbsp;</TD>
	<TD nowrap valign=top width="30">
&nbsp;</TD>
	<TD nowrap valign=top width="49">
<FONT size=2 face="serif">(c)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=515>
<FONT size=2 face="serif">The description of the Venture's common stock contained in the Venture's registration statement on Form S-4/A dated July 12, 2005 and declared effective July 12, 2005.</FONT>	</TD>
</TR>
</TABLE>
<P>
<FONT face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>
<FONT size=2 face="serif">All documents subsequently filed by the registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, prior to the filing of a post-effective amendment
which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in the registration statement and to be part thereof from the date of filing of
such documents. </FONT></P>
<TABLE><TR><TD nowrap>
<B><FONT size=2 face="serif">Item 4. Description of Securities.</FONT></B><BR>
</TD></TR></TABLE>
<TABLE><TR><TD width=35>&nbsp;</TD><TD nowrap>
<FONT size=2 face="serif">Not applicable.</FONT><BR>
</TD></TR></TABLE>

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<TABLE><TR><TD nowrap>
<B><FONT size=2 face="serif">Item 5. Interests of Named Experts and Counsel.</FONT></B><BR>
</TD></TR></TABLE>
<TABLE><TR><TD width=36>&nbsp;</TD><TD nowrap>
<FONT size=2 face="serif">Not applicable.</FONT><BR>
</TD></TR></TABLE>
<P>
<B><FONT size=2 face="serif">Item 6. Indemnification of Directors and Officers.</FONT></B></P>
<P>
<FONT size=2 face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; As a Washington corporation, Venture is subject to the provisions of the Washington Business Corporation Act (the "WBCA"). The WBCA permits a corporation to indemnify an individual who is made a party to a proceeding
because such individual is or was a director of the corporation against liability incurred in the proceeding if: </FONT></P>
<UL>
<LI>
<FONT size=2 face="serif">the individual acted in good faith;</FONT></LI>
<LI>
<FONT size=2 face="serif">in the case of conduct in the individual's official capacity with the corporation, that the</FONT> <FONT size=2 face="serif">individual reasonably believed that his or her conduct was in the corporation's best</FONT> <FONT
size=2 face="serif">interests;</FONT></LI>
<LI>
<FONT size=2 face="serif">in all other cases, the individual reasonably believed that his or her conduct was at least</FONT> <FONT size=2 face="serif">not opposed to the corporation's best interests; and</FONT></LI>
<LI>
<FONT size=2 face="serif">in the case of a criminal proceeding, he or she had no reasonable cause to believe his or</FONT> <FONT size=2 face="serif">her conduct was unlawful.</FONT></LI>
</UL>
<P>
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unless a corporation's articles of incorporation provide otherwise, indemnification is mandatory if the director is wholly successful on the merits or otherwise in such a proceeding, or if a court of competent jurisdiction
orders the corporation to indemnify the director. Venture's articles of incorporation do not limit the statutory right to indemnification. </FONT></P>
<P>
<FONT size=2 face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Under the WBCA, a corporation may not, however, indemnify the individual if the individual was adjudged liable: </FONT></P>
<UL>
<LI>
<FONT size=2 face="serif">to the corporation in a proceeding by or in the right of the corporation; or</FONT></LI>
<LI>
<FONT size=2 face="serif">in any proceeding charging improper personal benefit on the basis that he or she</FONT> <FONT size=2 face="serif">improperly received a personal benefit.</FONT></LI>
</UL>
<P>
<FONT size=2 face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The WBCA also provides that a corporation's articles of incorporation may limit or eliminate the personal liability of a director to the corporation or its shareholders for monetary damages for conduct as a director,
provided that no such provision shall eliminate the liability of a director for the following egregious conduct: </FONT></P>
<UL>
<LI>
<FONT size=2 face="serif">acts or omissions that involve intentional misconduct or a knowing violation of law;</FONT></LI>
<LI>
<FONT size=2 face="serif">any unlawful distribution; or</FONT></LI>
<LI>
<FONT size=2 face="serif">any transaction from which the director derived a personal benefit to which the person is</FONT> <FONT size=2 face="serif">not legally entitled.</FONT></LI>
</UL>
<P>
<FONT size=2 face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Except for egregious conduct, Venture's articles of incorporation provide that Venture will indemnify our directors against reasonable expenses (including attorney fees), judgments, fines, penalties, excise taxes or
settlement payments incurred or suffered by reason of service as a director or officer or at Venture's request as a director, officer, partner or trustee of another corporation, partnership, joint venture, trust, employee benefit plan or other
enterprise. In the case of proceedings by a federal banking agency, Venture will indemnify and advance expenses to the extent permitted and manner prescribed by applicable laws or regulations. </FONT></P>

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<A name="page_4"></A>

<P>
<FONT size=2 face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Venture's articles of incorporation limit personal liability of our directors for their conduct as directors except for egregious conduct. Venture's board may, by resolution, extend the indemnification and limitation of
liability provisions in the articles of incorporation to officer of the corporation.</FONT></P>
<TABLE><TR><TD nowrap>
<B><FONT size=2 face="serif">Item 7. Exemption from Registration Claimed.</FONT></B><BR>
</TD></TR></TABLE>
<TABLE><TR><TD width=36>&nbsp;</TD><TD nowrap>
<FONT size=2 face="serif">Not applicable.</FONT><BR>
</TD></TR></TABLE>
<TABLE><TR><TD nowrap>
<B><FONT size=2 face="serif">Item 8. Exhibits.</FONT></B><BR>
</TD></TR></TABLE>
<P>
<B><FONT size=2 face="serif"> </FONT></B><FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The exhibits required by Item 601 of Regulation S-K filed herewith or incorporated by reference are as follows:</FONT></P>
<TABLE width="115"><TR><TD width=36>&nbsp;</TD><TD nowrap>
<B><FONT size=2 face="serif">Exhibits</FONT></B><BR>
</TD></TR></TABLE>
<TABLE border=0 cellspacing=0 cellpadding=0 width="698">
<TR>
	<TD nowrap valign=top width="4">
&nbsp;</TD>
	<TD nowrap valign=top width="37">
&nbsp;</TD>
	<TD nowrap valign=top width="657" colspan="2">
<a href="ex41vfg91605.htm">
<FONT size=2 face="serif">4.1</FONT>&nbsp; &nbsp; &nbsp;
<FONT size=2 face="serif">Washington Commercial Bancorp Stock Option and Stock Grant Plan</FONT>
</a> 	</TD>
</TR>
<TR><TD colspan=4>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top width="4">
&nbsp;</TD>
	<TD nowrap valign=top width="37">
&nbsp;</TD>
	<TD nowrap valign=top width="657" colspan="2">
<a href="ex42vfg91605.htm">
<FONT size=2 face="serif">4.2</FONT>&nbsp; &nbsp; &nbsp;
<FONT size=2 face="serif">1999 Washington Commercial Bancorp Employee Stock Option Plan</FONT>
</a> 	</TD>
</TR>
<TR><TD colspan=4>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top width="4">
&nbsp;</TD>
	<TD nowrap valign=top width="37">
&nbsp;</TD>
	<TD nowrap valign=top width="657" colspan="2">
<a href="ex43vfg91605.htm">
<FONT size=2 face="serif">4.3</FONT>&nbsp; &nbsp; &nbsp;
<FONT size=2 face="serif">1999 Washington Commercial Bancorp Director Stock Option Plan</FONT>
</a> 	</TD>
</TR>
<TR><TD colspan=4>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top width="4">
&nbsp;</TD>
	<TD nowrap valign=top width="37">
&nbsp;</TD>
	<TD nowrap valign=top width="657" colspan="2">
<a href="ex44vfg91605.htm">
<FONT size=2 face="serif">4.4</FONT>&nbsp; &nbsp; &nbsp;
<FONT size=2 face="serif">2002 Washington Commercial Bancorp Director Stock Option Plan</FONT>
</a> 	</TD>
</TR>
<TR><TD colspan=4>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top width="4">
&nbsp;</TD>
	<TD nowrap valign=top width="37">
&nbsp;</TD>
	<TD nowrap valign=top width="657" colspan="2">
<a href="ex51vfg91605.htm">
<FONT size=2 face="serif">5.1</FONT>&nbsp; &nbsp; &nbsp;
<FONT size=2 face="serif">Opinion of Foster Pepper Tooze LLP</FONT></a> 	</TD>
</TR>
<TR><TD colspan=4>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top width="4">
&nbsp;</TD>
	<TD nowrap valign=top width="37">
&nbsp;</TD>
	<TD nowrap valign=top width="657" colspan="2">
<a href="ex231vfg91605.htm">
<FONT size=2 face="serif">23.1</FONT>&nbsp; &nbsp; &nbsp;
<FONT size=2 face="serif">Consent of Moss Adams LLP</FONT></a> 	</TD>
</TR>
<TR><TD colspan=4>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top width="4">
&nbsp;</TD>
	<TD nowrap valign=top width="37">
&nbsp;</TD>
	<TD nowrap valign=top width="657" colspan="2">
<a href="ex232vfg91605.htm">
<FONT size=2 face="serif">23.2</FONT>&nbsp; &nbsp; &nbsp;
<FONT size=2 face="serif">Consent of McGladrey &amp; Pullen LLP</FONT>	</a> 	</TD>
</TR>
<TR><TD colspan=4>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top width="4">
&nbsp;</TD>
	<TD nowrap valign=top width="37">
&nbsp;</TD>
	<TD nowrap valign=top width="57">
<FONT size=2 face="serif">23.3</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=600>
<FONT size=2 face="serif">Consent of Foster Pepper Tooze LLP (Included in Exhibit 5.1)</FONT>	</TD>
</TR>
<TR><TD colspan=4>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top width="4">
&nbsp;</TD>
	<TD nowrap valign=top width="37">
&nbsp;</TD>
	<TD nowrap valign=top width="57">
<FONT size=2 face="serif">24</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=600>
<FONT size=2 face="serif">Power of Attorney (contained on signature page to Venture's registration statement on Form S-4 filed June 13, 2005, to which this post-effective amendment on Form S-8 relates)</FONT>	</TD>
</TR>
<TR><TD colspan=4>&nbsp;</TD></TR></TABLE>
<TABLE><TR><TD nowrap>
<B><FONT size=2 face="serif">Item 9. Undertakings</FONT></B><BR>
</TD></TR></TABLE>
<TABLE><TR><TD width=36>&nbsp;</TD><TD nowrap>
<FONT size=2 face="serif">The undersigned registrant hereby undertakes:</FONT><BR>
</TD></TR></TABLE>
<P>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement to include any material information with respect to the plan
of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement.</FONT></P>
<P>
<FONT size=2 face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2) That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and
the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</FONT></P>
<P>
<FONT size=2 face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.</FONT></P>
<P>
<FONT size=2 face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant's annual report pursuant to section 13(a) or section 15(d) of the
Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan's annual report pursuant to section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the registration statement shall
be deemed to be a new registration statement relating to </FONT></P>

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<A name="page_5"></A>

<P>
<FONT size=2 face="serif">the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</FONT></P>
<P>
<FONT size=2 face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or controlling persons of the registrant pursuant to the foregoing provisions, the registrant has been
advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than
payment by the registrant of expenses incurred or paid by a director, officer or controlling person of such registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification
by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.</FONT></P>
<P align="center">
<B><FONT size=2 face="serif">SIGNATURES</FONT></B><P>
<FONT size=2 face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pursuant to the requirements of the Securities Act, the registrant has duly caused this Post-Effective Amendment No. 1 on Form S-8 to the registrant's registration statement on Form S-4 to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Lacey, State of Washington, on September 16, 2005. </FONT></P>
</P>
<TABLE border=0 cellspacing=1 cellpadding=0 width="689">
<TR valign="bottom">
	<TD width=21% nowrap align=left>
&nbsp;</TD>
	<TD width=21% nowrap align=left>
&nbsp;</TD>
	<TD width="99%" nowrap align=left colspan="3">
<FONT size=2 face="serif">VENTURE FINANCIAL GROUP, INC.</FONT></TD>
</TR>
<TR valign="bottom">
	<TD width=21% nowrap align=left>
&nbsp;</TD>
	<TD width=21% nowrap align=left>
&nbsp;</TD>
	<TD width=21% nowrap align=left>
&nbsp;</TD>
	<TD width=2%>
&nbsp;</TD>
	<TD width=76% nowrap align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD width=21% nowrap align=left>
&nbsp;</TD>
	<TD width=21% nowrap align=left>
&nbsp;</TD>
	<TD width=21% nowrap align=left>
<FONT size=2 face="serif">By:</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=76% nowrap align=left>
<FONT size=2 face="serif">/<u>s/ Ken F. Parsons, Sr.</u></FONT><u>&nbsp;</u>
	</TD>
</TR>
<TR valign="bottom">
	<TD width=21% nowrap align=left>
&nbsp;</TD>
	<TD width=21% nowrap align=left>
&nbsp;</TD>
	<TD width=21% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=76% nowrap align=left>
<FONT size=2 face="serif">Ken F. Parsons, Sr.</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width=21% nowrap align=left>
&nbsp;</TD>
	<TD width=21% nowrap align=left>
&nbsp;</TD>
	<TD width=21% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=76% nowrap align=left>
<FONT size=2 face="serif">Chief Executive Officer</FONT>&nbsp;
	</TD>
</TR>
</TABLE><BR>
<P>
<FONT size=2 face="serif"> &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pursuant to the requirements of the Securities Act of 1933, Post-Effective Amendment No. 1 on Form S-8 to this Registration Statement on Form S-4 has been signed by the following persons in the capacities and on the dates
indicated. </FONT></P>
<TABLE border=0 cellspacing=1 cellpadding=0 width="750">
<TR valign="bottom">
	<TD width=6% nowrap align=left>
<FONT size=2 face="serif">By:</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=49% nowrap align=left>
<u>
<FONT size=2 face="serif">/s/ Ken F. Parsons, Sr.</FONT>&nbsp;
	</u>
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width="39%" nowrap align=left colspan="5">
<FONT size=2 face="serif">Date: September</FONT>&nbsp;<FONT size=2 face="serif">16,</FONT>&nbsp;<FONT size=2 face="serif">2005</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width=6% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=49% nowrap align=left>
<FONT size=2 face="serif">Ken F. Parsons, Sr., Director,</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=27% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=3% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=5% nowrap align=left>
&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width=6% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=49% nowrap align=left>
<FONT size=2 face="serif">CEO and President</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=27% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=3% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=5% nowrap align=left>
&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width=6% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=49% nowrap align=left>
<FONT size=2 face="serif">(principal executive, financial and</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=27% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=3% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=5% nowrap align=left>
&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width=6% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=49% nowrap align=left>
<FONT size=2 face="serif">and accounting officer)</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=27% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=3% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=5% nowrap align=left>
&nbsp;
	</TD>
</TR>
<TR>
	<TD colspan=9>
&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width=6% nowrap align=left>
<FONT size=2 face="serif">By:</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=49% nowrap align=left>
<U><FONT size=2 face="serif">/s/ Lowell E. Bridges *</FONT></U>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width="39%" nowrap align=left colspan="5">
<FONT size=2 face="serif">Date: September</FONT>&nbsp;<FONT size=2 face="serif">16,</FONT>&nbsp;<FONT size=2 face="serif">2005</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width=6% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=49% nowrap align=left>
<FONT size=2 face="serif">Lowell E. (Sonny) Bridges, Director</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=27% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=3% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=5% nowrap align=left>
&nbsp;
	</TD>
</TR>
<TR>
	<TD colspan=9>
&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width=6% nowrap align=left>
<FONT size=2 face="serif">By:</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=49% nowrap align=left>
<U><FONT size=2 face="serif">/s/ Linda E. Buckner *</FONT></U>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width="39%" nowrap align=left colspan="5">
<FONT size=2 face="serif">Date: September</FONT>&nbsp;<FONT size=2 face="serif">16,</FONT>&nbsp;<FONT size=2 face="serif">2005</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width=6% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=49% nowrap align=left>
<FONT size=2 face="serif">Linda E. Buckner, Director</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=27% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=3% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=5% nowrap align=left>
&nbsp;
	</TD>
</TR>
<TR>
	<TD colspan=9>
&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width=6% nowrap align=left>
<FONT size=2 face="serif">By:</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=49% nowrap align=left>
<u>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</u>
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=32% nowrap colspan=3 align=left>
<FONT size=2 face="serif">Date: ______, 2005</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=5% nowrap align=left>
&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width=6% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=49% nowrap align=left>
<FONT size=2 face="serif">Jewell C. Manspeaker, Director</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=27% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=3% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=5% nowrap align=left>
&nbsp;
	</TD>
</TR>
<TR>
	<TD colspan=9>
&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width=6% nowrap align=left>
<FONT size=2 face="serif">By:</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=49% nowrap align=left>
<U><FONT size=2 face="serif">/s/ Patrick L. Martin *</FONT></U>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width="39%" nowrap align=left colspan="5">
<FONT size=2 face="serif">Date: September</FONT>&nbsp;<FONT size=2 face="serif">16,</FONT>&nbsp;<FONT size=2 face="serif">2005</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width=6% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=49% nowrap align=left>
<FONT size=2 face="serif">Patrick L. Martin, Director</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=27% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=3% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=5% nowrap align=left>
&nbsp;
	</TD>
</TR>
</TABLE><BR>

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<A name="page_6"></A>

<TABLE border=0 cellspacing=1 cellpadding=0 width="750">
<TR valign="bottom">
	<TD width=5% nowrap align=left>
<FONT size=2 face="serif">By:</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=45% nowrap colspan=3 align=left>
<U><FONT size=2 face="serif">/s/ A. Richard Panowicz *</FONT></U>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=7% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width="32%" nowrap align=right colspan="5">
<p align="left">
<FONT size=2 face="serif">Date: September</FONT>&nbsp;<FONT size=2 face="serif">16,</FONT>&nbsp;<FONT size=2 face="serif">2005</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width=5% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=45% nowrap colspan=3 align=left>
<FONT size=2 face="serif">A. Richard Panowicz, Director</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=7% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=21% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=3% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=4% nowrap align=left>
&nbsp;
	</TD>
</TR>
<TR>
	<TD colspan=13>
&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width=5% nowrap align=left>
<FONT size=2 face="serif">By:</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=45% nowrap colspan=3 align=left>
<U><FONT size=2 face="serif">/s/ Lawrence J. Schorno *</FONT></U>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=7% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width="32%" nowrap align=left colspan="5">
<FONT size=2 face="serif">Date: September</FONT>&nbsp;<FONT size=2 face="serif">16,</FONT>&nbsp;<FONT size=2 face="serif">2005</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width=5% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=45% nowrap colspan=3 align=left>
<FONT size=2 face="serif">Lawrence J. Schorno, Director</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=7% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=21% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=3% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=4% nowrap align=left>
&nbsp;
	</TD>
</TR>
<TR>
	<TD colspan=13>
&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width=5% nowrap align=left>
<FONT size=2 face="serif">*</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=7% nowrap align=left>
<FONT size=2 face="serif">By:</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=36% nowrap align=left>
<u>
<FONT size=2 face="serif">/s/ Ken F. Parsons, Sr.</FONT>&nbsp;</u>
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=7% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width="32%" nowrap align=right colspan="5">
<p align="left">
<FONT size=2 face="serif">Date: September</FONT>&nbsp;<FONT size=2 face="serif">16,</FONT>&nbsp;<FONT size=2 face="serif">2005</FONT>&nbsp;
	&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD width=5% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=7% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=36% nowrap align=left>
<FONT size=2 face="serif">Ken F. Parsons, Sr., Attorney-in-Fact</FONT>&nbsp;<FONT size=2 face="serif">*</FONT>
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=7% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=21% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=3% nowrap align=left>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD width=4% nowrap align=left>
&nbsp;
	</TD>
</TR>
</TABLE><BR>

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<A name="page_7"></A>

<P align="center">
<B><FONT size=2 face="serif">EXHIBIT INDEX</FONT></B><p>
</P>
<TABLE border=0 cellspacing=0 cellpadding=0 width="761">
<TR>
	<TD nowrap valign=top width="4">
&nbsp;</TD>
	<TD nowrap valign=top width="44">
&nbsp;</TD>
	<TD nowrap valign=top width="61">
<B><FONT size=2 face="serif">Exhibits</FONT></B></TD>
	<TD width=652>
&nbsp;</TD>
</TR>
<TR>
	<TD nowrap valign=top width="4">
&nbsp;</TD>
	<TD nowrap valign=top width="44">
&nbsp;</TD>
	<TD nowrap valign=top width="713" colspan="2">
<a href="ex41vfg91605.htm">
<FONT size=2 face="serif">4.1</FONT>&nbsp; &nbsp; &nbsp;
<FONT size=2 face="serif">Washington Commercial Bancorp Stock Option and Stock Grant Plan</FONT>
</a> 	</TD>
</TR>
<TR>
	<TD nowrap valign=top width="4">
&nbsp;</TD>
	<TD nowrap valign=top width="44">
&nbsp;</TD>
	<TD nowrap valign=top width="713" colspan="2">
<a href="ex42vfg91605.htm">
<FONT size=2 face="serif">4.2</FONT>&nbsp; &nbsp; &nbsp;
<FONT size=2 face="serif">1999 Washington Commercial Bancorp Employee Stock Option Plan</FONT></a> 	</TD>
</TR>
<TR>
	<TD nowrap valign=top width="4">
&nbsp;</TD>
	<TD nowrap valign=top width="44">
&nbsp;</TD>
	<TD nowrap valign=top width="713" colspan="2">
<a href="ex43vfg91605.htm">
<FONT size=2 face="serif">4.3</FONT>&nbsp; &nbsp; &nbsp;
<FONT size=2 face="serif">1999 Washington Commercial Bancorp Director Stock Option Plan</FONT></a> 	</TD>
</TR>
<TR>
	<TD nowrap valign=top width="4">
&nbsp;</TD>
	<TD nowrap valign=top width="44">
&nbsp;</TD>
	<TD nowrap valign=top width="713" colspan="2">
<a href="ex44vfg91605.htm">
<FONT size=2 face="serif">4.4</FONT>&nbsp; &nbsp; &nbsp;
<FONT size=2 face="serif">2002 Washington Commercial Bancorp Director Stock Option Plan</FONT></a> 	</TD>
</TR>
<TR>
	<TD nowrap valign=top width="4">
&nbsp;</TD>
	<TD nowrap valign=top width="44">
&nbsp;</TD>
	<TD nowrap valign=top width="713" colspan="2">
<a href="ex51vfg91605.htm">
<FONT size=2 face="serif">5.1</FONT>&nbsp; &nbsp; &nbsp;
<FONT size=2 face="serif">Opinion of Foster Pepper Tooze LLP</FONT></a> 	</TD>
</TR>
<TR>
	<TD nowrap valign=top width="4">
&nbsp;</TD>
	<TD nowrap valign=top width="44">
&nbsp;</TD>
	<TD nowrap valign=top width="713" colspan="2">
<a href="ex231vfg91605.htm">
<FONT size=2 face="serif">23.1</FONT>&nbsp;&nbsp;&nbsp; <FONT face="serif">&nbsp;</FONT><FONT size=2 face="serif">Consent of Moss Adams LLP</FONT></a> 	</TD>
</TR>
<TR>
	<TD nowrap valign=top width="4">
&nbsp;</TD>
	<TD nowrap valign=top width="44">
&nbsp;</TD>
	<TD nowrap valign=top width="713" colspan="2">
<a href="ex232vfg91605.htm">
<FONT size=2 face="serif">23.2</FONT>&nbsp; &nbsp; &nbsp;<FONT size=2 face="serif">Consent of McGladrey &amp; Pullen LLP</FONT></a> 	</TD>
</TR>
<TR>
	<TD nowrap valign=top width="4">
&nbsp;</TD>
	<TD nowrap valign=top width="44">
&nbsp;</TD>
	<TD nowrap valign=top width="61">
<FONT size=2 face="serif">23.3</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=652>
<FONT size=2 face="serif">Consent of Foster Pepper Tooze LLP (Included in Exhibit 5.1)</FONT>	</TD>
</TR>
<TR>
	<TD nowrap valign=top width="4">
&nbsp;</TD>
	<TD nowrap valign=top width="44">
&nbsp;</TD>
	<TD nowrap valign=top width="61">
<FONT size=2 face="serif">24</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=652>
<FONT size=2 face="serif">Power of Attorney (contained on signature page to Venture's registration statement on<br>
Form S-4 filed June 13, 2005, to which this post-effective amendment on Form S-8
<br>
relates)</FONT>	</TD>
</TR>
<TR><TD colspan=4>&nbsp;</TD></TR></TABLE>

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[{"type": "S-8", "sequence": "1", "filename": "s4ons8vfg91605.htm", "description": "FORM S-8", "secsgml_size_bytes": 44817}]
{"company-data": {"conformed-name": "VENTURE FINANCIAL GROUP INC", "cik": "0000892449", "assigned-sic": "6022", "irs-number": "911277503", "state-of-incorporation": "WA", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-128408", "film-number": "051091122"}, "business-address": {"street1": "721 COLLEGE STREET", "street2": "P O BOX 3800", "city": "LACEY", "state": "WA", "zip": "98509", "phone": "3604591100"}, "mail-address": {"street1": "721 COLLEGE ST SE", "street2": "PO BOX 3800", "city": "LACEY", "state": "WA", "zip": "98503"}}
-- Converted by SECPublisher 3.1.0.1, created by BCL Technologies Inc., for SEC Filing
As filed with the Securities and Exchange Commission on September 19, 2005
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
POST EFFECTIVE AMENDMENT NO. 1 TO FORM S-4 ON FORM S-8
REGISTRATION STATEMENT
UNDER THE SECURITIES ACT OF 1933
VENTURE FINANCIAL GROUP, INC.
(Exact name of registrant as specified in its charter)
Washington
6022
91-1277503
(
State of Incorporation
)
(
Primary Standard Industrial
(
IRS Employer
Classification Code Number
)
Identification No.
)
721 College Street SE, PO Box 3800
Lacey, Washington 98509
(360) 459-1100
(
Address of Principal Executive Offices and Telephone Number
)
Washington Commercial Bancorp Stock Option and Stock Grant Plan
1999 Washington Commercial Bancorp Employee Stock Option Plan
1999 Washington Commercial Bancorp Director Stock Option Plan
2002 Washington Commercial Bancorp Director Stock Option Plan
(
Full title of the plans
)
Ken F. Parsons, Sr., Chief Executive Officer
Venture Financial Group, Inc.
721 College Street SE, PO Box 3800
Lacey, Washington 98509
(360) 459-1100
(
Name, Address and Telephone Number of Agent for Service
)
With a Copy to:
Andrew H. Ognall, Esq.
Foster Pepper Tooze LLP
601 SW Second Avenue, Suite 1800
Portland, Oregon 97204
(503) 221-0607
CALCULATION OF REGISTRATION FEE
Title of Each Class of
Amount to be Registered
Proposed Maximum
Proposed Maximum
Amount of
Securities to be Registered
(1)
Offering Price per Unit
Aggregate Offering Price
Registration Fee
Common Stock, no par value
194,472
N/A
(2)
N/A
(2)
N/A
(2)
(1)
Venture Financial Group, Inc. originally registered 850,000 shares of its common stock on the Registration Statement on Form S-4 to which this post-effective amendment relates. Venture will issue 574,608 shares to
shareholders of Washington Commercial Bancorp (WCB) in exchange for all of the issued and outstanding shares of WCB common stock. After converting all outstanding WCB stock options into options to acquire shares of Venture common stock, 194,472
represents the approximate number of shares subject to options outstanding under each of the Washington Commercial Bancorp Stock Option and Stock Grant Plan, 1999 Washington Commercial Bancorp Employee Stock Option Plan, 1999 Washington Commercial
Bancorp Director Stock Option Plan and 2002 Washington Commercial Bancorp Director Stock Option Plan.
(2)
Pursuant to Rule 457(f), Venture was not required to pay a filing fee in connection with the registration of these securities with the filing of the Registration Statement on Form S-4 filed on June 13, 2005, amended July
12, 2005, and declared effective July 12, 2005.
INTRODUCTORY STATEMENT
On September 2, 2005, Washington Commercial Bancorp (WCB) merged with and into Venture Financial Group, Inc. (Venture), with Venture the surviving corporation. As a result of the merger, each outstanding share of WCB
common stock was converted into the right to receive either cash or shares of Venture common stock.
Each outstanding option issued pursuant to the Washington Commercial Bancorp Stock Option and Stock Grant Plan, 1999 Washington Commercial Bancorp Employee Stock Option Plan, 1999 Washington Commercial Bancorp Director
Stock Option Plan and 2002 Washington Commercial Bancorp Director Stock Option Plan is no longer exercisable for shares of WCB common stock, but instead, constitutes an option to acquire, on the same terms and conditions as were applicable under
such option immediately prior to consummation of the merger, that number of shares of Venture common stock equal to the product of the number of shares of WCB common stock for which such option was exercisable and 2.0465. The exercise price for each
option shall be equal to the exercise price per share for such option immediately prior to the effective time of the merger divided by 2.0465.
The purpose of this post-effective amendment is to register on Form S-8 shares of Venture common stock previously registered on Form S-4 that will be issued pursuant to the exercise of options originally granted under the
Washington Commercial Bancorp Stock Option and Stock Grant Plan, 1999 Washington Commercial Bancorp Employee Stock Option Plan, 1999 Washington Commercial Bancorp Director Stock Option Plan and 2002 Washington Commercial Bancorp Director Stock
Option Plan. Venture assumed the obligations of WCB under each of the plans.
PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
Item 3. Incorporation of Documents by Reference.
The following documents are incorporated by reference in this registration statement
(a)
Venture's annual report on Form 10-K for the year ended December 31, 2004.
(b)
Venture's quarterly reports on Form 10-Q for the quarters ended March 31, 2005 and June 30, 2005, and Venture's current reports on Form 8-K filed pursuant to Section 13(a) of the Securities Exchange Act of 1934 since
December 31, 2004.
(c)
The description of the Venture's common stock contained in the Venture's registration statement on Form S-4/A dated July 12, 2005 and declared effective July 12, 2005.
All documents subsequently filed by the registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of the Securities Exchange Act of 1934, prior to the filing of a post-effective amendment
which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference in the registration statement and to be part thereof from the date of filing of
such documents.
Item 4. Description of Securities.
Not applicable.
Item 5. Interests of Named Experts and Counsel.
Not applicable.
Item 6. Indemnification of Directors and Officers.
As a Washington corporation, Venture is subject to the provisions of the Washington Business Corporation Act (the "WBCA"). The WBCA permits a corporation to indemnify an individual who is made a party to a proceeding
because such individual is or was a director of the corporation against liability incurred in the proceeding if:
the individual acted in good faith;
in the case of conduct in the individual's official capacity with the corporation, that the
individual reasonably believed that his or her conduct was in the corporation's best
interests;
in all other cases, the individual reasonably believed that his or her conduct was at least
not opposed to the corporation's best interests; and
in the case of a criminal proceeding, he or she had no reasonable cause to believe his or
her conduct was unlawful.
Unless a corporation's articles of incorporation provide otherwise, indemnification is mandatory if the director is wholly successful on the merits or otherwise in such a proceeding, or if a court of competent jurisdiction
orders the corporation to indemnify the director. Venture's articles of incorporation do not limit the statutory right to indemnification.
Under the WBCA, a corporation may not, however, indemnify the individual if the individual was adjudged liable:
to the corporation in a proceeding by or in the right of the corporation; or
in any proceeding charging improper personal benefit on the basis that he or she
improperly received a personal benefit.
The WBCA also provides that a corporation's articles of incorporation may limit or eliminate the personal liability of a director to the corporation or its shareholders for monetary damages for conduct as a director,
provided that no such provision shall eliminate the liability of a director for the following egregious conduct:
acts or omissions that involve intentional misconduct or a knowing violation of law;
any unlawful distribution; or
any transaction from which the director derived a personal benefit to which the person is
not legally entitled.
Except for egregious conduct, Venture's articles of incorporation provide that Venture will indemnify our directors against reasonable expenses (including attorney fees), judgments, fines, penalties, excise taxes or
settlement payments incurred or suffered by reason of service as a director or officer or at Venture's request as a director, officer, partner or trustee of another corporation, partnership, joint venture, trust, employee benefit plan or other
enterprise. In the case of proceedings by a federal banking agency, Venture will indemnify and advance expenses to the extent permitted and manner prescribed by applicable laws or regulations.
Venture's articles of incorporation limit personal liability of our directors for their conduct as directors except for egregious conduct. Venture's board may, by resolution, extend the indemnification and limitation of
liability provisions in the articles of incorporation to officer of the corporation.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
The exhibits required by Item 601 of Regulation S-K filed herewith or incorporated by reference are as follows:
Exhibits
4.1
Washington Commercial Bancorp Stock Option and Stock Grant Plan
4.2
1999 Washington Commercial Bancorp Employee Stock Option Plan
4.3
1999 Washington Commercial Bancorp Director Stock Option Plan
4.4
2002 Washington Commercial Bancorp Director Stock Option Plan
5.1
Opinion of Foster Pepper Tooze LLP
23.1
Consent of Moss Adams LLP
23.2
Consent of McGladrey & Pullen LLP
23.3
Consent of Foster Pepper Tooze LLP (Included in Exhibit 5.1)
24
Power of Attorney (contained on signature page to Venture's registration statement on Form S-4 filed June 13, 2005, to which this post-effective amendment on Form S-8 relates)
Item 9. Undertakings
The undersigned registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement to include any material information with respect to the plan
of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement.
(2) That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and
the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act of 1933, each filing of the registrant's annual report pursuant to section 13(a) or section 15(d) of the
Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan's annual report pursuant to section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the registration statement shall
be deemed to be a new registration statement relating to
the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or controlling persons of the registrant pursuant to the foregoing provisions, the registrant has been
advised that in the opinion of the Commission such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than
payment by the registrant of expenses incurred or paid by a director, officer or controlling person of such registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in
connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification
by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
SIGNATURES
Pursuant to the requirements of the Securities Act, the registrant has duly caused this Post-Effective Amendment No. 1 on Form S-8 to the registrant's registration statement on Form S-4 to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of Lacey, State of Washington, on September 16, 2005.
VENTURE FINANCIAL GROUP, INC.
By:
/
s/ Ken F. Parsons, Sr.
Ken F. Parsons, Sr.
Chief Executive Officer
Pursuant to the requirements of the Securities Act of 1933, Post-Effective Amendment No. 1 on Form S-8 to this Registration Statement on Form S-4 has been signed by the following persons in the capacities and on the dates
indicated.
By:
/s/ Ken F. Parsons, Sr.
Date: September
16,
2005
Ken F. Parsons, Sr., Director,
CEO and President
(principal executive, financial and
and accounting officer)
By:
/s/ Lowell E. Bridges *
Date: September
16,
2005
Lowell E. (Sonny) Bridges, Director
By:
/s/ Linda E. Buckner *
Date: September
16,
2005
Linda E. Buckner, Director
By:
Date: ______, 2005
Jewell C. Manspeaker, Director
By:
/s/ Patrick L. Martin *
Date: September
16,
2005
Patrick L. Martin, Director
By:
/s/ A. Richard Panowicz *
Date: September
16,
2005
A. Richard Panowicz, Director
By:
/s/ Lawrence J. Schorno *
Date: September
16,
2005
Lawrence J. Schorno, Director
*
By:
/s/ Ken F. Parsons, Sr.
Date: September
16,
2005
Ken F. Parsons, Sr., Attorney-in-Fact
*
EXHIBIT INDEX
Exhibits
4.1
Washington Commercial Bancorp Stock Option and Stock Grant Plan
4.2
1999 Washington Commercial Bancorp Employee Stock Option Plan
4.3
1999 Washington Commercial Bancorp Director Stock Option Plan
4.4
2002 Washington Commercial Bancorp Director Stock Option Plan
5.1
Opinion of Foster Pepper Tooze LLP
23.1
Consent of Moss Adams LLP
23.2
Consent of McGladrey & Pullen LLP
23.3
Consent of Foster Pepper Tooze LLP (Included in Exhibit 5.1)
24
Power of Attorney (contained on signature page to Venture's registration statement on
Form S-4 filed June 13, 2005, to which this post-effective amendment on Form S-8
relates)