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<FONT size=2 face="serif">&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;&nbsp;&nbsp;&nbsp; Filed with the Securities and Exchange Commission on December 4, 2006<br>
&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;&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;&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;&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; Securities Act Registration No. 333-______</FONT><TABLE><TR><TD align="center" nowrap>
<FONT size=2 face="serif"><BR>____________________________________________________________________________________________________________</FONT></TD></TR></TABLE>
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<TABLE><TR><TD align="center" nowrap>
<FONT size=2 face="serif">UNITED STATES</FONT><BR>
<FONT size=2 face="serif">SECURITIES AND EXCHANGE COMMISSION</FONT><BR>
<FONT size=2 face="serif">Washington, D.C. 20549</FONT></TD></TR></TABLE>
</P>
<P align="center">
<TABLE><TR><TD align="center" nowrap>
<B><FONT size=2 face="serif">FORM S-8</FONT></B></TD></TR></TABLE>
</P>
<P align="center">
<TABLE><TR><TD align="center" nowrap>
<B><FONT size=2 face="serif">REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933</FONT></B></TD></TR></TABLE>
</P>
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<TABLE><TR><TD align="center" nowrap>
<B><FONT size=2 face="serif">VENTURE FINANCIAL GROUP, INC.</FONT></B><BR>
<FONT size=2 face="serif">(Exact name of registrant as specified in its charter)</FONT></TD></TR></TABLE>
</P>
<TABLE border=0 align="center" cellspacing=1 cellpadding=0>
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	<TD align=center width=52% nowrap>
<B><FONT size=2 face="serif">Washington</FONT></B>&nbsp;
	</TD>
	<TD align=center width=47% nowrap>
<B><FONT size=2 face="serif">91-1277503</FONT></B>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD align=center width=52% nowrap>
<FONT size=2 face="serif">(State of incorporation)</FONT>&nbsp;
	</TD>
	<TD align=center width=47% nowrap>
<FONT size=2 face="serif">(I.R.S. Employer Identification No.)</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD align=center width=52% nowrap>
<B><FONT size=2 face="serif">721 SE College Street, P.O. Box 3800,</FONT></B>&nbsp;
	</TD>
	<TD align=center width=47% nowrap>
<B><FONT size=2 face="serif">98509</FONT></B>&nbsp;
	</TD>
</TR>
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	<TD align=center width=52% nowrap>
<B><FONT size=2 face="serif">Lacey, Washington</FONT></B>&nbsp;
	</TD>
	<TD align=center width=47% nowrap>
<FONT size=2 face="serif">(Zip Code)</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD align=center width=52% nowrap>
<FONT size=2 face="serif">(Address of principal executive offices)</FONT>&nbsp;
	</TD>
	<TD align=center width=47% nowrap>
&nbsp;
	</TD>
</TR>
</TABLE><BR>
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<TABLE><TR><TD align="center" nowrap>
<B><FONT size=2 face="serif">VENTURE FINANCIAL GROUP, INC. </FONT></B><BR>
<B><FONT size=2 face="serif">EMPLOYEE STOCK OWNERSHIP PLAN (with 401(k) provisions)</FONT></B><BR>
<FONT size=2 face="serif">(Full title of the plan)</FONT></TD></TR></TABLE>
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<B><FONT size=2 face="serif">Ken F. Parsons, Sr.</FONT></B><BR>
<B><FONT size=2 face="serif">Chief Executive Officer</FONT></B><BR>
<B><FONT size=2 face="serif">721 SE College Street</FONT></B><BR>
<B><FONT size=2 face="serif">P.O. Box 3800</FONT></B><BR>
<B><FONT size=2 face="serif">Lacey, Washington 98509<br>
(360) 459-1100<br>
</FONT></B>
<FONT size=2 face="serif">(Name, address and telephone number<br>
of agent for service)</FONT></TD></TR></TABLE>
</P>
<TABLE border=0 width=100% cellspacing=0 cellpadding=0>
<TR valign="bottom">
	<TD align=center width=96% colspan=9>
<FONT size=2 face="serif">Copies to:</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=center width=96% colspan=9>
<FONT size=2 face="serif">Andrew H. Ognall, Esq.</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=center width=96% colspan=9>
<FONT size=2 face="serif">Foster Pepper Tooze LLP</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=center width=96% colspan=9>
<FONT size=2 face="serif">601 SW 2</FONT><SUP><FONT size=2 face="serif">nd </FONT></SUP><FONT size=2 face="serif">Avenue, Suite 1800</FONT>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=center width=96% colspan=9>
<FONT size=2 face="serif">Portland, Oregon 97204</FONT>
	</TD>
</TR>
<TR>
	<TD colspan=9>
&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD align=center width=96% colspan=9>
<FONT size=2 face="serif">CALCULATION OF REGISTRATION FEE</FONT>
	</TD>
</TR>
<TR>
	<TD colspan=9 width=96%>
<HR noshade size=1>
	</TD>
</TR>
<TR valign="bottom">
	<TD align=center width=16% nowrap>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=center width=18% nowrap>
<FONT size=2 face="serif">Number of Shares</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=center width=20% nowrap>
<FONT size=2 face="serif">Proposed</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=center width=19% nowrap>
<FONT size=2 face="serif">Proposed Maximum</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=center width=15% nowrap>
&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD align=center width=16% nowrap>
<FONT size=2 face="serif">Title of Securities</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=center width=18% nowrap>
<FONT size=2 face="serif">Being Registered</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=center width=20% nowrap>
<FONT size=2 face="serif">Maximum Offering</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=center width=19% nowrap>
<FONT size=2 face="serif">Aggregate Offering</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=center width=15% nowrap>
<FONT size=2 face="serif">Amount of</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD align=center width=16% nowrap>
<FONT size=2 face="serif">Being Registered</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=center width=18% nowrap>
<FONT size=2 face="serif">(1)</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=center width=20% nowrap>
<FONT size=2 face="serif">Price Per Share (2)</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=center width=19% nowrap>
<FONT size=2 face="serif">Price (2)</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=center width=15% nowrap>
<FONT size=2 face="serif">Registration Fee</FONT>&nbsp;
	</TD>
</TR>
<TR>
	<TD colspan=9>
<HR noshade size=1>
	</TD>
</TR>
<TR>
	<TD colspan=9>
&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD align=center width=16% nowrap>
<FONT size=2 face="serif">Common Stock</FONT>&nbsp;
	</TD>
	<TD width=2% align="center">
&nbsp;	</TD>
	<TD align=center width=18% nowrap>
 <FONT size=2 face="serif">1,000,000</FONT>&nbsp;
	</TD>
	<TD width=2% align="center">
&nbsp;	</TD>
	<TD align=center width=20% nowrap>
<FONT size=2 face="serif">$11.42</FONT>&nbsp;
	</TD>
	<TD width=2% align="center">
&nbsp;	</TD>
	<TD align=center width=19% nowrap>
 <FONT size=2 face="serif">&#36;11,420,000</FONT>&nbsp;
	</TD>
	<TD width=2% align="center">
&nbsp;	</TD>
	<TD align=center width=15% nowrap>
 &nbsp; <FONT size=2 face="serif">&#36;1,221.94</FONT>&nbsp;
	</TD>
</TR>
</TABLE><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%>
<FONT size=2 face="serif">In addition, pursuant to Rule 416(c) under the Securities Act of 1933, this registration statement also covers an indeterminate amount of interests to be offered or sold pursuant to the employee benefit plan described
herein.</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%>
<FONT size=2 face="serif">Estimated pursuant to Rule 457(h) solely for the purpose of computing the registration fee, utilizing &#36;11.42 as the book value of Venture Financial Group, Inc.&#146;s common stock as of September 30, 2006.</FONT>	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR></TABLE>

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<P align="center">
<B><FONT size=2 face="serif">PART I<br>
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS</FONT></B></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">In accordance with the instructions to Part I of Form S-8, the information required to be set forth in Part I of Form S-8 has been omitted from this Registration Statement.</FONT></P>
<P align="center">
<B><FONT size=2 face="serif">PART II<br>
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</FONT></B></P>
<P align="left">
<TABLE><TR><TD nowrap>
<B><FONT size=2 face="serif">Item 3. Incorporation of Documents by Reference.</FONT></B></TD></TR></TABLE>
</P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The following documents filed by Venture Financial Group, Inc. with the Securities and Exchange Commission are incorporated by reference in this registration statement:</FONT></P>
<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%>
<FONT size=2 face="serif">The registrant&#146;s Annual Report for the period ending December 31, 2005 on Form 10-K filed with the Commission on March 24, 2006 (File No. 000-24024/Film No. 06709848) and the plan&#146;s Annual Report for the period
ending December 31, 2005 on Form 11-K filed with the Commission on December 4, 2006.</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%>
<FONT size=2 face="serif">The registrant&#146;s Quarterly Reports on Form 10-Q for the periods ending March 31, 2006 (filed with the Commission on May 15, 2006; File No. 000-24024/Film No. 06836762) and June 30, 2006 (filed with the Commission on
August 11, 2006; File No. 000-24024/Film No. 061025802).</FONT>	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">(3)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<FONT size=2 face="serif">The description of the registrant&#146;s common stock contained in the registration statement on Form S-4/A, Registration No. 333-125774, filed with the SEC on July 12, 2005, including any amendment or report filed for the
purpose of updating such description.</FONT>	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR></TABLE>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">All documents filed by the registrant subsequent to those listed above pursuant to Sections 13(a), 13(c), 14, or 15(d) of the Securities Exchange Act of 1934, as amended, prior to the filing of
a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be a part hereof from the date of
filing of such documents. </FONT></P>
<P align="left">
<TABLE><TR><TD nowrap>
<B><FONT size=2 face="serif">Item 4. Description of Securities.</FONT></B></TD></TR></TABLE>
</P>
<P align="left">
<TABLE><TR><TD width=36>&nbsp;</TD><TD nowrap>
<FONT size=2 face="serif">Not Applicable.</FONT></TD></TR></TABLE>
</P>
<P align="left">
<TABLE><TR><TD nowrap>
<B><FONT size=2 face="serif">Item 5. Interests of Named Experts and Counsel.</FONT></B></TD></TR></TABLE>
</P>
<P align="left">
<TABLE><TR><TD width=36>&nbsp;</TD><TD nowrap>
<FONT size=2 face="serif">Not Applicable.</FONT></TD></TR></TABLE>
</P>
<P align="left">
<TABLE><TR><TD nowrap>
<B><FONT size=2 face="serif">Item 6. Indemnification of Directors and Officers.</FONT></B></TD></TR></TABLE>
</P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Under the Washington Business Corporation Act, a person who is made a party to a proceeding because such person is or was an officer or director of a corporation may be indemnified by the
corporation against liability incurred by such person in connection with the proceeding if (1) the person's conduct was in good faith and in a manner he or she reasonably believed was in the corporation's best interest or at least not opposed to its
best interests and (2) if the proceeding was a criminal proceeding, the Indemnitee had no reasonable cause to believe his or her conduct was unlawful. Indemnification is not permitted if the person was adjudged liable to the corporation in a
proceeding by or in the right of the corporation, or if the </FONT></P>
<P align="center">
<FONT face="serif">1</FONT></P>

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<FONT size=2 face="serif">Indemnitee was adjudged liable on the basis that he or she improperly received a personal benefit. Unless the articles of incorporation provide otherwise, such indemnification is mandatory if the Indemnitee is wholly
successful on the merits or otherwise, or if ordered by a court of competent jurisdiction. The registrant&#146;s Bylaws provide that the registrant will indemnify any individual made a party to a proceeding because the individual is or was a
director against liability incurred in the proceeding if: </FONT></P>
<UL>
<LI>
<FONT size=2 face="serif">the individual acted in good faith, and</FONT></LI>
<LI>
<FONT size=2 face="serif">the individual reasonably believed (1) in the case of conduct in the individual's official</FONT> <FONT size=2 face="serif">capacity within the corporation, that the individual's conduct was in its best interests, and
(2)</FONT> <FONT size=2 face="serif">in all other cases, that the individual's conduct was at least not opposed to its best interests,</FONT> <FONT size=2 face="serif">and (3) in the case of any criminal proceeding, the individual had no reasonable
cause to</FONT> <FONT size=2 face="serif">believe that the individual's conduct was unlawful.</FONT></LI>
</UL>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The registrant&#146;s Second Amended and Restated Articles of Incorporation provide that a director shall not be personally liable to the registrant or its shareholders for monetary damages for
conduct as a director, except for liability of a director for: </FONT></P>
<UL>
<LI>
<FONT size=2 face="serif">acts or omissions that involve intentional misconduct or a knowing violation of law by the</FONT> <FONT size=2 face="serif">director;</FONT></LI>
<LI>
<FONT size=2 face="serif">conduct which violates applicable provisions of the Washington Business Corporation Act</FONT> <FONT size=2 face="serif">pertaining to unpermitted distributions to shareholders or loans to directors; or</FONT></LI>
<LI>
<FONT size=2 face="serif">any transaction from which the director will personally receive a benefit in money, property</FONT> <FONT size=2 face="serif">or services to which the director is not legally entitled.</FONT></LI>
</UL>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The effect of these provisions is to limit the liability of directors for monetary damages, and to indemnify the directors of the registrant for all costs and expenses for liability incurred by
them in connection with any action, suit or proceeding in which they may become involved by reason of their affiliation with the registrant. These provisions do not limit the rights of the registrant or any shareholder to seek non-monetary relief,
and do not affect a director&#146;s or officer&#146;s responsibilities under any other laws, such as securities or environmental laws.</FONT></P>
<P align="left">
<TABLE><TR><TD nowrap>
<B><FONT size=2 face="serif">Item 7. Exemption from Registration Claimed.</FONT></B></TD></TR></TABLE>
</P>
<P align="left">
<TABLE><TR><TD width=36>&nbsp;</TD><TD nowrap>
<FONT size=2 face="serif">Not applicable.</FONT></TD></TR></TABLE>
</P>
<P align="left">
<TABLE><TR><TD nowrap>
<B><FONT size=2 face="serif">Item 8. Exhibits.</FONT></B></TD></TR></TABLE>
</P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">The exhibits required by Item 601 of Regulation S-K being filed herewith or incorporated herein by reference are listed on the Exhibit Index, which follows the signature page.</FONT></P>
<P align="left">
<TABLE><TR><TD nowrap>
<B><FONT size=2 face="serif">Item 9. Undertakings.</FONT></B></TD></TR></TABLE>
</P>
<P align="left">
<TABLE><TR><TD width=36>&nbsp;</TD><TD nowrap>
<FONT size=2 face="serif">The undersigned registrant hereby undertakes:</FONT></TD></TR></TABLE>
</P>
<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%>
<FONT size=2 face="serif">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>	</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%>
<FONT size=2 face="serif">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</FONT>	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR></TABLE>
<P align="center">
<FONT face="serif">2</FONT></P>

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<TABLE border=0 cellspacing=0 cellpadding=0>
<TR>
<TD>&nbsp;</TD>	<TD width=100%>
<FONT size=2 face="serif">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>	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR><TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">(3)</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<FONT size=2 face="serif">To remove from registration by means of a post-effective amendment any of the securities that remain unsold at the termination of the offering.</FONT>	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR></TABLE>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">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. </FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing
provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim
for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the 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 Act and will be governed by the final adjudication of such issue. </FONT></P>
<P align="center">
<FONT face="serif">3</FONT></P>

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<P align="center">
<TABLE><TR><TD align="center" nowrap>
<U><FONT size=2 face="serif">SIGNATURES</FONT></U></TD></TR></TABLE>
</P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and
has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Lacey, State of Washington, on the 18</FONT><SUP><FONT size=2 face="serif">th </FONT></SUP><FONT size=2 face="serif">day of October, 2006.</FONT></P>
<P align="left">
<TABLE><TR><TD width=310>&nbsp;</TD><TD nowrap>
<FONT size=2 face="serif">VENTURE FINANCIAL GROUP, INC.</FONT><BR>
<BR>
<FONT size=2 face="serif">By: <u>/s/ Ken F. Parsons, Sr.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
</u></FONT><BR>
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ken F. Parsons, Sr.</FONT><BR>
<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chief Executive Officer</FONT></TD></TR></TABLE>
</P>
<P align="center">
<TABLE><TR><TD align="center" nowrap>
<U><FONT size=2 face="serif">POWER OF ATTORNEY</FONT></U></TD></TR></TABLE>
</P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Each person whose individual signature appears below hereby authorizes and KEN F. PARSONS, SR. and JAMES F. ARNESON and SANDRA SAGER, and each of them, with full power of substitution to act as
his true and lawful attorney in fact and agent to act in his name, place and stead, and to execute in the name and on behalf of each person, individually and in each capacity stated below, and to file any and all amendments to this registration,
including any and all post-effective amendments or new registration pursuant to Rule 462.</FONT></P>
<P align="left">
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<FONT size=2 face="serif">Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following persons in the capacities and on the date indicated.</FONT></P>
<TABLE border=0 cellspacing=0 cellpadding=0>
<TR valign="bottom">
	<TD align=left width=3% nowrap>
<FONT size=2 face="serif">By:</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=53% nowrap>
<u>
<FONT size=2 face="serif">./s/ Ken F. Parsons, Sr.</FONT>&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 align=left width=38% nowrap colspan=5>
<FONT size=2 face="serif">Date: October 18, 2006</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=3% nowrap>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=53% nowrap>
<FONT size=2 face="serif">Ken F. Parsons, Sr.</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=27% nowrap>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=3% nowrap>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=4% nowrap>
&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=3% nowrap>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=53% nowrap>
<FONT size=2 face="serif">Chief Executive Officer and Director</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=27% nowrap>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=3% nowrap>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=4% nowrap>
&nbsp;
	</TD>
</TR>
<TR>
	<TD colspan=9>
&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=3% nowrap>
<FONT size=2 face="serif">By:</FONT>&nbsp;
	</TD>
	<TD width="55%" colspan="2">
&nbsp; <FONT size=2 face="serif">&nbsp; <u>/s/</u></FONT><u><FONT face="serif"> </FONT>
<FONT size=2 face="serif">James F. Arneson</FONT>&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 align=left width=38% nowrap colspan=5>
<FONT size=2 face="serif">Date: October 18, 2006</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=3% nowrap>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=53% nowrap>
 &nbsp;<FONT size=2 face="serif">James F. Arneson, President and Director</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=27% nowrap>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=3% nowrap>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=4% nowrap>
&nbsp;
	</TD>
</TR>
<TR>
	<TD colspan=9>
&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=3% nowrap>
<FONT size=2 face="serif">By:</FONT>&nbsp;
	</TD>
	<TD width="55%" colspan="2">
&nbsp;	<FONT size=2 face="serif">&nbsp; <u>/s/</u></FONT><u>&nbsp;<FONT size=2 face="serif">Keith W. Brewe</FONT>&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;&nbsp;&nbsp;&nbsp;
</u>	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width="38%" nowrap colspan="5">
<FONT size=2 face="serif">Date: October</FONT>&nbsp;<FONT size=2 face="serif">18,</FONT><FONT face="serif"> </FONT>
<FONT size=2 face="serif">2006</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=3% nowrap>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=53% nowrap>
 &nbsp;<FONT size=2 face="serif">Keith W. Brewe, Director</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=27% nowrap>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=3% nowrap>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=4% nowrap>
&nbsp;
	</TD>
</TR>
<TR>
	<TD colspan=9>
&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=3% nowrap>
<FONT size=2 face="serif">By:</FONT>&nbsp;
	</TD>
	<TD width="55%" colspan="2">
&nbsp;<FONT size=2 face="serif">&nbsp;&nbsp;&nbsp; <u>/s/</u></FONT><u>
<FONT size=2 face="serif">Lowell E. Bridges&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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </FONT>
</u>&nbsp;</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width="38%" nowrap colspan="5">
<FONT size=2 face="serif">Date: October</FONT>&nbsp;<FONT size=2 face="serif">18,</FONT>&nbsp;<FONT size=2 face="serif">2006</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=3% nowrap>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=53% nowrap>
 &nbsp;<FONT size=2 face="serif">Lowell E. Bridges, Director</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=27% nowrap>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=3% nowrap>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=4% nowrap>
&nbsp;
	</TD>
</TR>
<TR>
	<TD colspan=9>
&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=3% nowrap>
<FONT size=2 face="serif">By:</FONT>&nbsp;
	</TD>
	<TD width="55%" colspan="2">
&nbsp;	<FONT size=2 face="serif">&nbsp;&nbsp; <u>/s/</u></FONT><u>
<FONT size=2 face="serif">Linda E. Buckner</FONT>&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>&nbsp;</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width="38%" nowrap colspan="5">
<FONT size=2 face="serif">Date: October</FONT>&nbsp;<FONT size=2 face="serif">18,</FONT>&nbsp;<FONT size=2 face="serif">2006</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=3% nowrap>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=53% nowrap>
<FONT size=2 face="serif">Linda E. Buckner, Director</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=27% nowrap>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=3% nowrap>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=4% nowrap>
&nbsp;
	</TD>
</TR>
<TR>
	<TD colspan=9>
&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=3% nowrap>
<FONT size=2 face="serif">By:</FONT>&nbsp;
	</TD>
	<TD width="55%" colspan="2">
&nbsp;	<FONT size=2 face="serif">&nbsp; <u>&nbsp;/s/</u></FONT><u>&nbsp;<FONT size=2 face="serif">Jewell C. Manspeaker</FONT>&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>&nbsp;</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width="38%" nowrap colspan="5">
<FONT size=2 face="serif">Date: October</FONT> <FONT size=2 face="serif">18,</FONT>&nbsp;<FONT size=2 face="serif">2006</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=3% nowrap>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=53% nowrap>
<FONT size=2 face="serif">Jewell C. Manspeaker, Director</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=27% nowrap>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=3% nowrap>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=4% nowrap>
&nbsp;
	</TD>
</TR>
<TR>
	<TD colspan=9>
&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=3% nowrap>
<FONT size=2 face="serif">By:</FONT>&nbsp;
	</TD>
	<TD width="55%" colspan="2">
&nbsp;	<FONT size=2 face="serif">&nbsp;&nbsp; <u>/s/</u></FONT><u>&nbsp;<FONT size=2 face="serif">Patrick L. Martin</FONT>&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;&nbsp;
</u>&nbsp;</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width="38%" nowrap colspan="5">
<FONT size=2 face="serif">Date: October</FONT>&nbsp;<FONT size=2 face="serif">18,</FONT>
<FONT size=2 face="serif">2006</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=3% nowrap>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=53% nowrap>
<FONT size=2 face="serif">Patrick L. Martin, Director</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=27% nowrap>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=3% nowrap>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=4% nowrap>
&nbsp;
	</TD>
</TR>
<TR>
	<TD colspan=9>
&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=3% nowrap>
<FONT size=2 face="serif">By:</FONT>&nbsp;
	</TD>
	<TD width="55%" colspan="2">
&nbsp;&nbsp;&nbsp; <u><FONT size=2 face="serif">/s/</FONT><FONT face="serif"> </FONT>
<FONT size=2 face="serif">A. Richard Panowicz</FONT>&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>&nbsp;</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width="38%" nowrap colspan="5">
<FONT size=2 face="serif">Date: October</FONT> <FONT size=2 face="serif">18,</FONT>
<FONT size=2 face="serif">2006</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=3% nowrap>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=53% nowrap>
<FONT size=2 face="serif">A. Richard Panowicz, Director</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=27% nowrap>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=3% nowrap>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=4% nowrap>
&nbsp;
	</TD>
</TR>
</TABLE><BR>

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<TABLE border=0 cellspacing=0 cellpadding=0>
<TR valign="bottom">
	<TD align=left width=3% nowrap>
<FONT size=2 face="serif">By:</FONT>&nbsp;
	</TD>
	<TD width="54%" colspan="2">
&nbsp;	<FONT size=2 face="serif">&nbsp;&nbsp; <u>/s/</u></FONT><u>&nbsp;<FONT size=2 face="serif">Larry J. Schorno</FONT>&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;&nbsp;&nbsp;
</u>	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width="39%" nowrap colspan="5">
<FONT size=2 face="serif">Date: October</FONT>&nbsp;<FONT size=2 face="serif">18,</FONT>&nbsp;<FONT size=2 face="serif">2006</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=3% nowrap>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=52% nowrap>
 &nbsp;<FONT size=2 face="serif">Larry J. Schorno, Director</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=28% nowrap>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=3% nowrap>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=4% nowrap>
&nbsp;
	</TD>
</TR>
<TR>
	<TD colspan=9>
&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=3% nowrap>
<FONT size=2 face="serif">By:</FONT>&nbsp;
	</TD>
	<TD width="54%" colspan="2">
&nbsp;	<FONT size=2 face="serif">&nbsp;&nbsp; <u>/s/</u></FONT><u>&nbsp;<FONT size=2 face="serif">Sandra L. Sager</FONT>&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;&nbsp;&nbsp;&nbsp;
</u>	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width="39%" nowrap colspan="5">
<FONT size=2 face="serif">Date: October</FONT>&nbsp;<FONT size=2 face="serif">18,</FONT>&nbsp;<FONT size=2 face="serif">2006</FONT>&nbsp;
	</TD>
</TR>
<TR valign="bottom">
	<TD align=left width=3% nowrap>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=52% nowrap>
<FONT size=2 face="serif">Sandra L. Sager, Chief Financial Officer</FONT>&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=28% nowrap>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=3% nowrap>
&nbsp;
	</TD>
	<TD width=2%>
&nbsp;	</TD>
	<TD align=left width=4% nowrap>
&nbsp;
	</TD>
</TR>
</TABLE><BR>

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<P align="center">
<TABLE><TR><TD align="center" nowrap>
<U><FONT size=2 face="serif">EXHIBIT INDEX</FONT></U></TD></TR></TABLE>
</P>
<P align="left">
<TABLE><TR><TD nowrap>
<U><FONT size=2 face="serif">Exhibit</FONT></U></TD></TR></TABLE>
</P>
<TABLE border=0 cellspacing=0 cellpadding=0>
<TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">4.1</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<FONT size=2 face="serif">* Second Amended and Restated Articles of Incorporation</FONT>	</TD>
</TR>
<TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">4.2</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<FONT size=2 face="serif">** Bylaws</FONT>	</TD>
</TR>
<TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">4.3</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<FONT size=2 face="serif">** Venture Financial Group, Inc. Employee Stock Ownership Plan (with 401(k) provisions)</FONT>	</TD>
</TR>
<TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif"><a href="fs8vfg120406ex51.htm">5.1</a></FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<a href="fs8vfg120406ex51.htm">
<FONT size=2 face="serif">Opinion of Foster Pepper Tooze LLP</FONT>	</a>	</TD>
</TR>
<TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif"><a href="fs8vfg120406ex231.htm">23.1</a></FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<a href="fs8vfg120406ex231.htm">
<FONT size=2 face="serif">Consent of Moss Adams LLP</FONT>	</a>	</TD>
</TR>
<TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">23.3</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<FONT size=2 face="serif">Consent of Foster Pepper Tooze LLP (included in Exhibit 5.1)</FONT>	</TD>
</TR>
<TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">24.1</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<FONT size=2 face="serif">Power of Attorney (included in the signature page)</FONT>	</TD>
</TR>
</TABLE>
<TABLE border=0 cellspacing=0 cellpadding=0>
<TR>
	<TD nowrap valign=top>
&nbsp;</TD>
	<TD width=100%>
&nbsp;</TD>
</TR>
<TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">*</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<FONT size=2 face="serif">Incorporated by reference to Exhibit 3.1 of the Registrant&#146;s Quarterly Report on Form 10-Q for the quarter ended March 31, 2005, filed May 16, 2005 (File No. 000-24024; Film No. 05830965; SEC</FONT>	</TD>
</TR>
<TR>
<TD>&nbsp;</TD>	<TD width=100%>
<FONT size=2 face="serif">Accession No. 0000896595-05-000206).</FONT>	</TD>
</TR>
<TR>
	<TD nowrap valign=top>
&nbsp;</TD>
	<TD width=100%>
&nbsp;</TD>
</TR>
<TR>
	<TD nowrap valign=top>
<FONT size=2 face="serif">**</FONT>&nbsp; &nbsp; &nbsp; 	</TD>
	<TD width=100%>
<FONT size=2 face="serif">Incorporated by reference to Exhibit 3(b) of the Registrant&#146;s Annual Report on Form 10-K for the fiscal year ending December 31, 2001, filed April 1, 2002 (File No. 000-24024; Film No.</FONT>	</TD>
</TR>
<TR>
<TD>&nbsp;</TD>	<TD width=100%>
<FONT size=2 face="serif">02595208; SEC Accession No. 0001104659-02-001200)</FONT>	</TD>
</TR>
<TR><TD colspan=2>&nbsp;</TD></TR></TABLE>

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{"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": "333-139115", "film-number": "061254997"}, "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"}}
pdxdocs-30123107v1venturefor.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing
Filed with the Securities and Exchange Commission on December 4, 2006
Securities Act Registration No. 333-______
____________________________________________________________________________________________________________
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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
91-1277503
(State of incorporation)
(I.R.S. Employer Identification No.)
721 SE College Street, P.O. Box 3800,
98509
Lacey, Washington
(Zip Code)
(Address of principal executive offices)
VENTURE FINANCIAL GROUP, INC.
EMPLOYEE STOCK OWNERSHIP PLAN (with 401(k) provisions)
(Full title of the plan)
Ken F. Parsons, Sr.
Chief Executive Officer
721 SE College Street
P.O. Box 3800
Lacey, Washington 98509
(360) 459-1100
(Name, address and telephone number
of agent for service)
Copies to:
Andrew H. Ognall, Esq.
Foster Pepper Tooze LLP
601 SW 2
nd
Avenue, Suite 1800
Portland, Oregon 97204
CALCULATION OF REGISTRATION FEE
Number of Shares
Proposed
Proposed Maximum
Title of Securities
Being Registered
Maximum Offering
Aggregate Offering
Amount of
Being Registered
(1)
Price Per Share (2)
Price (2)
Registration Fee
Common Stock
1,000,000
$11.42
$11,420,000
$1,221.94
(1)
In addition, pursuant to Rule 416(c) under the Securities Act of 1933, this registration statement also covers an indeterminate amount of interests to be offered or sold pursuant to the employee benefit plan described
herein.
(2)
Estimated pursuant to Rule 457(h) solely for the purpose of computing the registration fee, utilizing $11.42 as the book value of Venture Financial Group, Inc.'s common stock as of September 30, 2006.
PART I
INFORMATION REQUIRED IN THE SECTION 10(a) PROSPECTUS
In accordance with the instructions to Part I of Form S-8, the information required to be set forth in Part I of Form S-8 has been omitted from this Registration Statement.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents filed by Venture Financial Group, Inc. with the Securities and Exchange Commission are incorporated by reference in this registration statement:
(1)
The registrant's Annual Report for the period ending December 31, 2005 on Form 10-K filed with the Commission on March 24, 2006 (File No. 000-24024/Film No. 06709848) and the plan's Annual Report for the period
ending December 31, 2005 on Form 11-K filed with the Commission on December 4, 2006.
(2)
The registrant's Quarterly Reports on Form 10-Q for the periods ending March 31, 2006 (filed with the Commission on May 15, 2006; File No. 000-24024/Film No. 06836762) and June 30, 2006 (filed with the Commission on
August 11, 2006; File No. 000-24024/Film No. 061025802).
(3)
The description of the registrant's common stock contained in the registration statement on Form S-4/A, Registration No. 333-125774, filed with the SEC on July 12, 2005, including any amendment or report filed for the
purpose of updating such description.
All documents filed by the registrant subsequent to those listed above pursuant to Sections 13(a), 13(c), 14, or 15(d) of the Securities Exchange Act of 1934, as amended, prior to the filing of
a post-effective amendment which indicates that all securities offered hereby have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated by reference herein and to be a part hereof 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.
Under the Washington Business Corporation Act, a person who is made a party to a proceeding because such person is or was an officer or director of a corporation may be indemnified by the
corporation against liability incurred by such person in connection with the proceeding if (1) the person's conduct was in good faith and in a manner he or she reasonably believed was in the corporation's best interest or at least not opposed to its
best interests and (2) if the proceeding was a criminal proceeding, the Indemnitee had no reasonable cause to believe his or her conduct was unlawful. Indemnification is not permitted if the person was adjudged liable to the corporation in a
proceeding by or in the right of the corporation, or if the
1
Indemnitee was adjudged liable on the basis that he or she improperly received a personal benefit. Unless the articles of incorporation provide otherwise, such indemnification is mandatory if the Indemnitee is wholly
successful on the merits or otherwise, or if ordered by a court of competent jurisdiction. The registrant's Bylaws provide that the registrant will indemnify any individual made a party to a proceeding because the individual is or was a
director against liability incurred in the proceeding if:
the individual acted in good faith, and
the individual reasonably believed (1) in the case of conduct in the individual's official
capacity within the corporation, that the individual's conduct was in its best interests, and
(2)
in all other cases, that the individual's conduct was at least not opposed to its best interests,
and (3) in the case of any criminal proceeding, the individual had no reasonable
cause to
believe that the individual's conduct was unlawful.
The registrant's Second Amended and Restated Articles of Incorporation provide that a director shall not be personally liable to the registrant or its shareholders for monetary damages for
conduct as a director, except for liability of a director for:
acts or omissions that involve intentional misconduct or a knowing violation of law by the
director;
conduct which violates applicable provisions of the Washington Business Corporation Act
pertaining to unpermitted distributions to shareholders or loans to directors; or
any transaction from which the director will personally receive a benefit in money, property
or services to which the director is not legally entitled.
The effect of these provisions is to limit the liability of directors for monetary damages, and to indemnify the directors of the registrant for all costs and expenses for liability incurred by
them in connection with any action, suit or proceeding in which they may become involved by reason of their affiliation with the registrant. These provisions do not limit the rights of the registrant or any shareholder to seek non-monetary relief,
and do not affect a director's or officer's responsibilities under any other laws, such as securities or environmental laws.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
The exhibits required by Item 601 of Regulation S-K being filed herewith or incorporated herein by reference are listed on the Exhibit Index, which follows the signature page.
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
2
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 that 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 of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing
provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim
for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the 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 Act and will be governed by the final adjudication of such issue.
3
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and
has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Lacey, State of Washington, on the 18
th
day of October, 2006.
VENTURE FINANCIAL GROUP, INC.
By:
/s/ Ken F. Parsons, Sr.
Ken F. Parsons, Sr.
Chief Executive Officer
POWER OF ATTORNEY
Each person whose individual signature appears below hereby authorizes and KEN F. PARSONS, SR. and JAMES F. ARNESON and SANDRA SAGER, and each of them, with full power of substitution to act as
his true and lawful attorney in fact and agent to act in his name, place and stead, and to execute in the name and on behalf of each person, individually and in each capacity stated below, and to file any and all amendments to this registration,
including any and all post-effective amendments or new registration pursuant to Rule 462.
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following persons in the capacities and on the date indicated.
By:
./s/ Ken F. Parsons, Sr.
Date: October 18, 2006
Ken F. Parsons, Sr.
Chief Executive Officer and Director
By:
/s/
James F. Arneson
Date: October 18, 2006
James F. Arneson, President and Director
By:
/s/
Keith W. Brewe
Date: October
18,
2006
Keith W. Brewe, Director
By:
/s/
Lowell E. Bridges
Date: October
18,
2006
Lowell E. Bridges, Director
By:
/s/
Linda E. Buckner
Date: October
18,
2006
Linda E. Buckner, Director
By:
/s/
Jewell C. Manspeaker
Date: October
18,
2006
Jewell C. Manspeaker, Director
By:
/s/
Patrick L. Martin
Date: October
18,
2006
Patrick L. Martin, Director
By:
/s/
A. Richard Panowicz
Date: October
18,
2006
A. Richard Panowicz, Director
By:
/s/
Larry J. Schorno
Date: October
18,
2006
Larry J. Schorno, Director
By:
/s/
Sandra L. Sager
Date: October
18,
2006
Sandra L. Sager, Chief Financial Officer
EXHIBIT INDEX
Exhibit
4.1
* Second Amended and Restated Articles of Incorporation
4.2
** Bylaws
4.3
** Venture Financial Group, Inc. Employee Stock Ownership Plan (with 401(k) provisions)
5.1
Opinion of Foster Pepper Tooze LLP
23.1
Consent of Moss Adams LLP
23.3
Consent of Foster Pepper Tooze LLP (included in Exhibit 5.1)
24.1
Power of Attorney (included in the signature page)
*
Incorporated by reference to Exhibit 3.1 of the Registrant's Quarterly Report on Form 10-Q for the quarter ended March 31, 2005, filed May 16, 2005 (File No. 000-24024; Film No. 05830965; SEC
Accession No. 0000896595-05-000206).
**
Incorporated by reference to Exhibit 3(b) of the Registrant's Annual Report on Form 10-K for the fiscal year ending December 31, 2001, filed April 1, 2002 (File No. 000-24024; Film No.
02595208; SEC Accession No. 0001104659-02-001200)