An Oregon community bank has squelched rumors it is for sale by hiring Robert D. Sznewajs, a former vice chairman at U.S. Bancorp, to lead it into the next century.

After a six-month search, Lake Oswego-based West Coast Bancorp last week named Mr. Sznewajs president and chief executive officer. A well-known retail banker who has held top posts at several large banking companies, Mr. Sznewajs fills the post vacated last summer when Victor L. Bartruff abruptly resigned.

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