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<TITLE>Oregon Pacific Bancorp Form S-8</TITLE>
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<P align="center"><FONT size="4">UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION
</FONT>

<DIV align="center"><FONT size="3">WASHINGTON, D.C. 20549
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<P align="center"><FONT size="5"><B>FORM S-8</B>
</FONT>

<P align="center"><FONT size="2"><B>REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933</B>
</FONT>

<P align="center"><FONT size="6"><B>OREGON PACIFIC BANCORP</B>
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<DIV align="center"><FONT size="2">(Name of registrant in its charter)
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</DIV>

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71-0918151</FONT></TD>
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    <TD align="center" valign="top"><FONT size="2">Oregon</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
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(I.R.S. Employer</FONT></TD>
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    <TD align="center" valign="top"><FONT size="2">(State of incorporation)</FONT></TD>
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Identification No.)</FONT></TD>
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<P align="center"><FONT size="2">1355 Highway 101<BR>
P. O. Box 22000<BR>
Florence, Oregon 97439<BR>
(Address of principal executive offices)<BR>
Issuer&#146;s telephone number: (541)&nbsp;997-7121
</FONT>

<P align="center"><FONT size="2"><B>OREGON PACIFIC BANCORP 2003 STOCK INCENTIVE PLAN</B>
</FONT>

<P align="center"><FONT size="2">Agent for Service: Joanne Forsberg, Secretary<BR>
1355 Highway 101, Florence, Oregon<BR>
Telephone number: (541)&nbsp;997-7121
</FONT>

<P align="center"><FONT size="2">Copy to:<BR>
Bennett H. Goldstein, Esq.<BR>
2548 SW St. Helens Ct.<BR>
Portland, OR 97201<BR>
Telephone number: (503) 294-0940
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<P align="center"><FONT size="2">Calculation of Registration Fee
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    <TD nowrap align="center"><FONT size="1"><B>Title of Securities</B></FONT></TD>
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    <TD nowrap align="center"><FONT size="1"><B>Amount to be</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Offering Price</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Aggregate</B></FONT></TD>
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    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Amount of</B></FONT></TD>
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    <TD nowrap align="center"><FONT size="1"><B>to be Registered</B></FONT></TD>
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    <TD nowrap align="center"><FONT size="1"><B>Registered</B></FONT></TD>
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    <TD nowrap align="center" colspan="3"><FONT size="1"><B>per Unit*</B></FONT></TD>
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    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Offering Price</B></FONT></TD>
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    <TD nowrap align="center" colspan="3"><FONT size="1"><B>Registration Fee</B></FONT></TD>
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    <TD valign="top"><FONT size="2">Oregon Pacific Bancorp<BR>
Common Stock<BR>
(no par value)</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
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250,550 Shares
</FONT></TD>
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    <TD nowrap align="right" valign="top"><FONT size="2">$</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">5.95</FONT></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">$</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">1,490,772.50</FONT></TD>
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD nowrap align="right" valign="top"><FONT size="2">$</FONT></TD>
    <TD align="right" valign="top"><FONT size="2">120.60</FONT></TD>
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<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp; The shares of common stock represent the number of shares with respect
to which options may be granted under the 2003 Stock Incentive Plan. In
addition, pursuant to Rule&nbsp;416, this Registration Statement also covers an
indeterminate number of additional shares that may be issuable as a result of
the anti-dilution provisions of the 2003 Stock Incentive Plan.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp; The maximum offering price for the shares cannot presently be
determined as the offering price is established at the time options are
granted. Pursuant to Rule&nbsp;457(h), the offering price is estimated based on the
last sale price reported for the common stock on the Over the Counter Bulletin
Board on May&nbsp;9, 2003, and the maximum offering price is calculated solely for
the purpose of determining the Registration Fee.
</FONT>
<P align="center"><FONT size="2">&nbsp;</FONT>
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<A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>

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<TR><TD></TD><TD colspan="8"><A HREF="#000">Item&nbsp;3. Incorporation of Documents by Reference.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#001">Item&nbsp;4. Description of Capital Stock.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#002">Item&nbsp;5. Interests of Named Experts And Counsel.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#003">Item&nbsp;6. Indemnification of Directors and Officers.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#004">Item&nbsp;7. Exemption From Registration Claimed.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#005">Item&nbsp;8. Exhibits.</A></TD></TR>
<TR><TD></TD><TD colspan="8"><A HREF="#006">Item&nbsp;9. Undertakings.</A></TD></TR>
<TR><TD colspan="9"><A HREF="#007">SIGNATURES</A></TD></TR>
<TR><TD colspan="9"><A HREF="#008">EXHIBIT INDEX</A></TD></TR>
<TR><TD colspan="9"><A HREF="v90320orexv5.txt">EXHIBIT 5</A></TD></TR>
<TR><TD colspan="9"><A HREF="v90320orexv23w2.txt">EXHIBIT 23.2</A></TD></TR>
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<P align="left"><FONT size="2">PART II
</FONT>
<P align="left"><FONT size="2">INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
</FONT>

<!-- link2 "Item&nbsp;3. Incorporation of Documents by Reference." -->
<DIV align="left"><A NAME="000"></A></DIV>
<P align="left"><FONT size="2">Item&nbsp;3. Incorporation of Documents by Reference.</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following documents previously filed by the Registrant with the
Securities and Exchange Commission pursuant to the Securities Exchange Act of
1934, as amended (the &#147;Exchange Act&#148;), are incorporated herein by reference and
made a part hereof:
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp; the Annual Report on Form&nbsp;10-K of Oregon Pacific Banking Co. for the
fiscal year ended December&nbsp;31, 2002, filed on March&nbsp;31, 2003;
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp; the Registrant&#146;s definitive Proxy Statement for the Annual Meeting of
Shareholders, filed on March&nbsp;25, 2003 on Form&nbsp;DEF14A;
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp; the Registrant&#146;s Quarterly Report on Form&nbsp;10-Q for the period ended
March&nbsp;31, 2003, filed on April&nbsp;30, 2003;
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)&nbsp; the Registrant&#146;s Registration Statement on Form&nbsp;8-A12G filed on
January&nbsp;29, 2003, containing a description of the Registrant&#146;s Common Stock, no
par value.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents subsequently filed by the Registrant pursuant to Sections
13(a), 13(c), 14 and 15(d) of the Exchange Act, 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 herein and to be a part hereof from the date of
filing of such documents. Any statement contained herein or in a document
incorporated or deemed to be incorporated by reference herein shall be deemed
to be modified or superseded for purposes of this Registration Statement to the
extent that a statement contained herein or in any other subsequently filed
document which also is or is deemed to be incorporated by reference herein
modifies or supersedes such earlier statement. Any such statement so modified
or superseded shall not be deemed, except as so modified or superseded, to
constitute a part of this Registration Statement.
</FONT>
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<DIV align="left"><A NAME="001"></A></DIV>
<P align="left"><FONT size="2">Item&nbsp;4. Description of Capital Stock.
</FONT>

<P align="left"><FONT size="2">Not applicable.
</FONT>
<!-- link2 "Item&nbsp;5. Interests of Named Experts And Counsel." -->
<DIV align="left"><A NAME="002"></A></DIV>
<P align="left"><FONT size="2">Item&nbsp;5. Interests of Named Experts And Counsel.
</FONT>

<P align="left"><FONT size="2">None.
</FONT>
<!-- link2 "Item&nbsp;6. Indemnification of Directors and Officers." -->
<DIV align="left"><A NAME="003"></A></DIV>
<P align="left"><FONT size="2">Item&nbsp;6. Indemnification of Directors and Officers.
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Under Oregon statutory law and the Articles of Incorporation and Bylaws of
the Registrant, the Registrant has broad powers to indemnify its directors and
officers against liabilities they may incur in such capacities, including
liabilities under the Securities Act of 1933. The Registrant&#146;s Articles of
Incorporation and Bylaws require the Registrant to indemnify its directors,
officers and employees to the fullest extent permitted by Oregon law. Such
indemnification extends to liabilities and expenses incurred as a result of
proceedings involving such persons in their capacities as such, including
proceedings under the Securities Act of 1933 or the Securities Exchange Act of
1934. These documents further provide that the rights conferred under them
shall not be deemed to be exclusive of any other right such persons may have or
acquire under any statute, bylaw, agreement, general or specific action of the
Board of Directors of the Registrant, vote of shareholders or other document or
arrangement. The Articles of Incorporation of the Registrant preclude, with
certain exceptions, the Registrant and its shareholders from recovering
monetary damages from directors for business decisions found by a court to have
been negligent, including decisions relating to a change in control of the
Registrant.
</FONT>
<P align="center"><FONT size="2">2</FONT>
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<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject to certain exclusions as to coverage, under policies of insurance
issued to the Registrant each director and each officer of the Registrant and
its subsidiary is insured against liability for losses incurred while acting as
such director or officer. Subject to a deductible and certain exclusions, the
Registrant is entitled to reimbursement under such policies for amounts paid by
it as indemnification to such directors and officers. The cost of such
insurance is borne by the Registrant.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar as indemnification for liabilities arising under the Securities
Act of 1933 may be permitted to directors, officers or persons controlling the
Registrant pursuant to the foregoing provisions, the Registrant has been
informed that in the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the Securities Act of
1933 and is therefore unenforceable.
</FONT>
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<DIV align="left"><A NAME="004"></A></DIV>
<P align="left"><FONT size="2">Item&nbsp;7. Exemption From Registration Claimed.
</FONT>

<P align="left"><FONT size="2">Not applicable.
</FONT>
<!-- link2 "Item&nbsp;8. Exhibits." -->
<DIV align="left"><A NAME="005"></A></DIV>
<P align="left"><FONT size="2">Item&nbsp;8. Exhibits.
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following exhibits are filed on behalf of the Registrant as part of
this Registration Statement:
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2003 Stock Incentive Plan, attached as Exhibit&nbsp;1 to the Registrant&#146;s
definitive Proxy Statement for the Annual Meeting of Shareholders, filed on
March&nbsp;25, 2003 on Form&nbsp;DEF14A and incorporated herein by reference and made a
part hereof.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Opinion of Bennett H. Goldstein, Attorney for Registrant.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23.1 Consent of Bennett H. Goldstein, Attorney for Registrant (included in
Exhibit&nbsp;5).
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23.2 Consent of Moss Adams LLP
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Powers of Attorney (included on signature page).
</FONT>
<!-- link2 "Item&nbsp;9. Undertakings." -->
<DIV align="left"><A NAME="006"></A></DIV>
<P align="left"><FONT size="2">Item&nbsp;9. Undertakings.
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The undersigned Registrant hereby undertakes:
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;To file, during any period in which offers or sales are being made, a
post-effective amendment to this registration statement: (i)&nbsp;To include any
prospectus required by Section&nbsp;10(a)(3) of the Securities Act of 1933, as
amended (the &#147;Securities Act&#148;); (ii)&nbsp;To reflect in the prospectus any facts or
events arising after the effective date of the registration statement (or the
most recent post-effective amendment thereof) which, individually or in the
aggregate, represent a fundamental change in the information set forth in the
registration statement. Notwithstanding the foregoing, any increase or decrease
in volume of securities offered (if the total dollar value of securities
offered would not exceed that which was registered) and any deviation from the
low or high end of the estimated maximum offering range may be reflected in the
form of prospectus filed with the Commission pursuant to Rule&nbsp;424(b) if, in the
aggregate, the changes in volume and price represent no more than 20&nbsp;percent
change in the maximum aggregate offering II-3 price set forth in the
&#147;Calculation of Registration Fee&#148; table in the effective registration
statement; (iii)&nbsp;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; provided,
however, that paragraph (1)(i) and (1)(ii) shall not apply if the registration
statement is on Form&nbsp;S-3, Form&nbsp;S-8 or Form&nbsp;F-3, and the information required to
be included in a post-effective amendment by those paragraphs is contained in
periodic reports filed with or furnished to the Commission by the Registrant
pursuant to Section&nbsp;13 or Section&nbsp;15(d) of the Securities Exchange Act of 1934,
as amended (the &#147;Exchange Act&#148;), that are incorporated by reference in the
registration statement.
</FONT>
<P align="center"><FONT size="2">3</FONT>
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<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp; That, for the purpose of determining any liability under the
Securities Act, 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 align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp; 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, each filing of the
Registrant&#146;s annual report pursuant to Section&nbsp;13(a) or Section&nbsp;15(d) of the
Exchange Act (and, where applicable, each filing of an employee benefit plan&#146;s
annual report pursuant to Section&nbsp;15(d) of the Exchange Act) 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 align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insofar as indemnification for liabilities arising under the Securities
Act 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 Securities
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 of
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 align="center"><FONT size="2">4</FONT>
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<!-- link1 "SIGNATURES" -->
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<P align="center"><FONT size="2">SIGNATURES
</FONT>

<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;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&nbsp;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 Florence, State of Oregon, on May&nbsp;7, 2003.
</FONT>
<P align="left"><FONT size="2">OREGON PACIFIC BANCORP, Registrant
</FONT>

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    <TD valign="top"><FONT size="2">By:</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">/s/&nbsp;Thomas K. Grove</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
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Thomas K. Grove, President and CEO</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
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<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities and on the dates shown.
</FONT>
<P align="left"><FONT size="2">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;POWER OF ATTORNEY Each of the undersigned hereby appoints Thomas K. Grove
as attorney-in-fact and agent for the undersigned, with full power of
substitution, for and in the name, place and stead of the undersigned, to sign
and file with the Securities and Exchange Commission under the Securities Act
of 1933, as amended, any and all amendments (including post-effective
amendments) to this Registration Statement, with any schedules or exhibits
thereto, and any and all supplements or other documents to be filed with the
Securities and Exchange Commission pertaining to the registration of securities
covered hereby, with full power and authority to do and perform any and all
acts and things as may be necessary or desirable in furtherance of such
registration. Pursuant to the requirements of the Securities Act of 1933, as
amended, this Registration Statement has been signed by the following persons
in the capacities and on the date indicated.
</FONT>
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    <TD valign="top"><FONT size="2">/s/&nbsp;Thomas K. Grove</FONT></TD>
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May&nbsp;9, 2003</FONT></TD>
</TR>

<TR valign="bottom">
    <TD colspan="2" valign="top"><FONT size="2">Thomas K. Grove, President, Chief Executive Officer and Director</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/&nbsp;Lydia G. Brackney</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><HR align="left" size="1" width="100%" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
May&nbsp;9, 2003</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">Lydia G. Brackney, Director</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/&nbsp;A. J. Brauer</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><HR align="left" size="1" width="100%" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
May&nbsp;9, 2003</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">A. J. Brauer, M.D., Director and Chairman</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/&nbsp;Richard L. Yecny</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><HR align="left" size="1" width="100%" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
May&nbsp;9, 2003</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">Richard L. Yecny, Director</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/&nbsp;R. Gary Hoberg</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><HR align="left" size="1" width="100%" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
May&nbsp;9, 2003</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">R. Gary Hoberg, Director</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/&nbsp;Robert R. King</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><HR align="left" size="1" width="100%" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
May&nbsp;9, 2003</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">Robert R. King, Director</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">5</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="50%">&nbsp;</TD>
    <TD width="35%">&nbsp;</TD>
    <TD width="15%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ Forrest G. Grigsby</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><HR align="left" size="1" width="100%" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
May&nbsp;9, 2003</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">Forrest G. Grigsby, Director</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">/s/ Marteen L. Wick</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><HR align="left" size="1" width="100%" noshade></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
May&nbsp;9, 2003</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">Marteen L. Wick, Director</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">6</FONT>
<!-- PAGEBREAK -->
<P><HR noshade><P>
<H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>

<!-- link1 "EXHIBIT INDEX" -->
<DIV align="left"><A NAME="008"></A></DIV>
<P align="left"><FONT size="2">EXHIBIT INDEX
</FONT>

<CENTER>
<TABLE cellspacing="0" border="0" cellpadding="0" width="100%">
<TR valign="bottom">
    <TD width="8%">&nbsp;</TD>
    <TD width="5%">&nbsp;</TD>
    <TD width="87%">&nbsp;</TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><FONT size="1"><B>Exhibit No.</B></FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><FONT size="1"><B>Description</B></FONT></TD>
</TR>
<TR valign="bottom">
    <TD nowrap align="center"><HR size="1" noshade></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD nowrap align="center"><HR size="1" noshade></TD>
</TR>
<TR valign="bottom">
    <TD valign="top"><FONT size="2">4.</FONT></TD>
    <TD><FONT size="1">&nbsp;</FONT></TD>
    <TD><FONT size="2">2003 Stock Incentive Plan, attached as Exhibit&nbsp;1 to the Registrant&#146;s
definitive Proxy Statement for the Annual Meeting of Shareholders, filed on
March&nbsp;25, 2003 on Form&nbsp;DEF14A and incorporated herein by reference and made a
part hereof.</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">5.</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Opinion of Bennett H. Goldstein, Attorney for Registrant.</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">23.1</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Consent of Bennett H. Goldstein, Attorney for Registrant (included in Exhibit&nbsp;5).</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">23.2</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Consent of Moss Adams LLP</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">&nbsp;</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">&nbsp;</FONT></TD>
</TR>

<TR valign="bottom">
    <TD valign="top"><FONT size="2">24.</FONT></TD>
    <TD><FONT size="2">&nbsp;</FONT></TD>
    <TD align="left" valign="top"><FONT size="2">
Powers of Attorney (included on signature page).</FONT></TD>
</TR>
</TABLE>
</CENTER>
<P align="center"><FONT size="2">7</FONT>



</BODY>
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{"company-data": {"conformed-name": "OREGON PACIFIC BANCORP", "cik": "0001216128", "assigned-sic": "6021", "irs-number": "710918151", "state-of-incorporation": "OR", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-105370", "film-number": "03710527"}, "mail-address": {"street1": "P O BOX 22000", "city": "FLORENCE", "state": "OR", "zip": "97439"}}
Oregon Pacific Bancorp Form S-8
Table of Contents
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-8
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
OREGON PACIFIC BANCORP
(Name of registrant in its charter)
71-0918151
Oregon
(I.R.S. Employer
(State of incorporation)
Identification No.)
1355 Highway 101
P. O. Box 22000
Florence, Oregon 97439
(Address of principal executive offices)
Issuer's telephone number: (541) 997-7121
OREGON PACIFIC BANCORP 2003 STOCK INCENTIVE PLAN
Agent for Service: Joanne Forsberg, Secretary
1355 Highway 101, Florence, Oregon
Telephone number: (541) 997-7121
Copy to:
Bennett H. Goldstein, Esq.
2548 SW St. Helens Ct.
Portland, OR 97201
Telephone number: (503) 294-0940
Calculation of Registration Fee
Proposed Maximum
Proposed Maximum
Title of Securities
Amount to be
Offering Price
Aggregate
Amount of
to be Registered
Registered
per Unit*
Offering Price
Registration Fee
Oregon Pacific Bancorp
Common Stock
(no par value)
250,550 Shares
$
5.95
$
1,490,772.50
$
120.60
(1)  The shares of common stock represent the number of shares with respect
to which options may be granted under the 2003 Stock Incentive Plan. In
addition, pursuant to Rule 416, this Registration Statement also covers an
indeterminate number of additional shares that may be issuable as a result of
the anti-dilution provisions of the 2003 Stock Incentive Plan.
(2)  The maximum offering price for the shares cannot presently be
determined as the offering price is established at the time options are
granted. Pursuant to Rule 457(h), the offering price is estimated based on the
last sale price reported for the common stock on the Over the Counter Bulletin
Board on May 9, 2003, and the maximum offering price is calculated solely for
the purpose of determining the Registration Fee.
TABLE OF CONTENTS
Item 3. Incorporation of Documents by Reference.
Item 4. Description of Capital Stock.
Item 5. Interests of Named Experts And Counsel.
Item 6. Indemnification of Directors and Officers.
Item 7. Exemption From Registration Claimed.
Item 8. Exhibits.
Item 9. Undertakings.
SIGNATURES
EXHIBIT INDEX
EXHIBIT 5
EXHIBIT 23.2
Table of Contents
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3. Incorporation of Documents by Reference.
The following documents previously filed by the Registrant with the
Securities and Exchange Commission pursuant to the Securities Exchange Act of
1934, as amended (the "Exchange Act"), are incorporated herein by reference and
made a part hereof:
(1)  the Annual Report on Form 10-K of Oregon Pacific Banking Co. for the
fiscal year ended December 31, 2002, filed on March 31, 2003;
(2)  the Registrant's definitive Proxy Statement for the Annual Meeting of
Shareholders, filed on March 25, 2003 on Form DEF14A;
(3)  the Registrant's Quarterly Report on Form 10-Q for the period ended
March 31, 2003, filed on April 30, 2003;
(4)  the Registrant's Registration Statement on Form 8-A12G filed on
January 29, 2003, containing a description of the Registrant's Common Stock, no
par value.
All documents subsequently filed by the Registrant pursuant to Sections
13(a), 13(c), 14 and 15(d) of the Exchange Act, 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 herein and to be a part hereof from the date of
filing of such documents. Any statement contained herein or in a document
incorporated or deemed to be incorporated by reference herein shall be deemed
to be modified or superseded for purposes of this Registration Statement to the
extent that a statement contained herein or in any other subsequently filed
document which also is or is deemed to be incorporated by reference herein
modifies or supersedes such earlier statement. Any such statement so modified
or superseded shall not be deemed, except as so modified or superseded, to
constitute a part of this Registration Statement.
Item 4. Description of Capital Stock.
Not applicable.
Item 5. Interests of Named Experts And Counsel.
None.
Item 6. Indemnification of Directors and Officers.
Under Oregon statutory law and the Articles of Incorporation and Bylaws of
the Registrant, the Registrant has broad powers to indemnify its directors and
officers against liabilities they may incur in such capacities, including
liabilities under the Securities Act of 1933. The Registrant's Articles of
Incorporation and Bylaws require the Registrant to indemnify its directors,
officers and employees to the fullest extent permitted by Oregon law. Such
indemnification extends to liabilities and expenses incurred as a result of
proceedings involving such persons in their capacities as such, including
proceedings under the Securities Act of 1933 or the Securities Exchange Act of
1934. These documents further provide that the rights conferred under them
shall not be deemed to be exclusive of any other right such persons may have or
acquire under any statute, bylaw, agreement, general or specific action of the
Board of Directors of the Registrant, vote of shareholders or other document or
arrangement. The Articles of Incorporation of the Registrant preclude, with
certain exceptions, the Registrant and its shareholders from recovering
monetary damages from directors for business decisions found by a court to have
been negligent, including decisions relating to a change in control of the
Registrant.
2
Table of Contents
Subject to certain exclusions as to coverage, under policies of insurance
issued to the Registrant each director and each officer of the Registrant and
its subsidiary is insured against liability for losses incurred while acting as
such director or officer. Subject to a deductible and certain exclusions, the
Registrant is entitled to reimbursement under such policies for amounts paid by
it as indemnification to such directors and officers. The cost of such
insurance is borne by the Registrant.
Insofar as indemnification for liabilities arising under the Securities
Act of 1933 may be permitted to directors, officers or persons controlling the
Registrant pursuant to the foregoing provisions, the Registrant has been
informed that in the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the Securities Act of
1933 and is therefore unenforceable.
Item 7. Exemption From Registration Claimed.
Not applicable.
Item 8. Exhibits.
The following exhibits are filed on behalf of the Registrant as part of
this Registration Statement:
4.     2003 Stock Incentive Plan, attached as Exhibit 1 to the Registrant's
definitive Proxy Statement for the Annual Meeting of Shareholders, filed on
March 25, 2003 on Form DEF14A and incorporated herein by reference and made a
part hereof.
5.     Opinion of Bennett H. Goldstein, Attorney for Registrant.
23.1 Consent of Bennett H. Goldstein, Attorney for Registrant (included in
Exhibit 5).
23.2 Consent of Moss Adams LLP
24.     Powers of Attorney (included on 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: (i) To include any
prospectus required by Section 10(a)(3) of the Securities Act of 1933, as
amended (the "Securities Act"); (ii) To reflect in the prospectus any facts or
events arising after the effective date of the registration statement (or the
most recent post-effective amendment thereof) which, individually or in the
aggregate, represent a fundamental change in the information set forth in the
registration statement. Notwithstanding the foregoing, any increase or decrease
in volume of securities offered (if the total dollar value of securities
offered would not exceed that which was registered) and any deviation from the
low or high end of the estimated maximum offering range may be reflected in the
form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the
aggregate, the changes in volume and price represent no more than 20 percent
change in the maximum aggregate offering II-3 price set forth in the
"Calculation of Registration Fee" table in the effective registration
statement; (iii) 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; provided,
however, that paragraph (1)(i) and (1)(ii) shall not apply if the registration
statement is on Form S-3, Form S-8 or Form F-3, and the information required to
be included in a post-effective amendment by those paragraphs is contained in
periodic reports filed with or furnished to the Commission by the Registrant
pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934,
as amended (the "Exchange Act"), that are incorporated by reference in the
registration statement.
3
Table of Contents
(2)  That, for the purpose of determining any liability under the
Securities Act, 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, each filing of the
Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the
Exchange Act (and, where applicable, each filing of an employee benefit plan's
annual report pursuant to Section 15(d) of the Exchange Act) 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 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 Securities
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 of
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.
4
Table of Contents
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 Florence, State of Oregon, on May 7, 2003.
OREGON PACIFIC BANCORP, Registrant
By:
/s/ Thomas K. Grove
Thomas K. Grove, President and CEO
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed by the following persons in the
capacities and on the dates shown.
POWER OF ATTORNEY Each of the undersigned hereby appoints Thomas K. Grove
as attorney-in-fact and agent for the undersigned, with full power of
substitution, for and in the name, place and stead of the undersigned, to sign
and file with the Securities and Exchange Commission under the Securities Act
of 1933, as amended, any and all amendments (including post-effective
amendments) to this Registration Statement, with any schedules or exhibits
thereto, and any and all supplements or other documents to be filed with the
Securities and Exchange Commission pertaining to the registration of securities
covered hereby, with full power and authority to do and perform any and all
acts and things as may be necessary or desirable in furtherance of such
registration. Pursuant to the requirements of the Securities Act of 1933, as
amended, this Registration Statement has been signed by the following persons
in the capacities and on the date indicated.
DATE
/s/ Thomas K. Grove
May 9, 2003
Thomas K. Grove, President, Chief Executive Officer and Director
/s/ Lydia G. Brackney
May 9, 2003
Lydia G. Brackney, Director
/s/ A. J. Brauer
May 9, 2003
A. J. Brauer, M.D., Director and Chairman
/s/ Richard L. Yecny
May 9, 2003
Richard L. Yecny, Director
/s/ R. Gary Hoberg
May 9, 2003
R. Gary Hoberg, Director
/s/ Robert R. King
May 9, 2003
Robert R. King, Director
5
Table of Contents
/s/ Forrest G. Grigsby
May 9, 2003
Forrest G. Grigsby, Director
/s/ Marteen L. Wick
May 9, 2003
Marteen L. Wick, Director
6
Table of Contents
EXHIBIT INDEX
Exhibit No.
Description
4.
2003 Stock Incentive Plan, attached as Exhibit 1 to the Registrant's
definitive Proxy Statement for the Annual Meeting of Shareholders, filed on
March 25, 2003 on Form DEF14A and incorporated herein by reference and made a
part hereof.
5.
Opinion of Bennett H. Goldstein, Attorney for Registrant.
23.1
Consent of Bennett H. Goldstein, Attorney for Registrant (included in Exhibit 5).
23.2
Consent of Moss Adams LLP
24.
Powers of Attorney (included on signature page).
7