[That surprised some board members.] So there is no date? ... Could it be a year?

During the first quarter, we achieved a number of important milestones including the full operational and systems integration of Northwest Business Bank, enabling Pacific Continental to recognize cost savings and efficiencies earlier than was first expected. With the successful integration behind us, we were then able to accelerate our planned expansion into the Vancouver, Washington market by announcing a downtown office location scheduled to open later this spring.

I still have concerns, but I'll vote for it,

I am pleased to announce the Vancouver expansion that occurs earlier than we had first anticipated. The speed and efficiency in which we completed virtually all of the integration matters with respect to merging the operations of the former Northwest Business Bank frees many of our people from an integration focus to now turn to the Vancouver expansion.

Solid financial results and excellent prospects for future success enable us to continue our long history of consistent dividend payments for our shareholders. We continue to achieve success in our core business activities especially the growth in loans, which becomes the foundation for our future earnings prospects and provides the capability to provide dividend increases such as we're announcing today.

This is really the first time I've seen all five of us together,